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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 9, 1974, Lethbridge, Alberta The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited Alton Mines Albany Oil Atta East Gas Alminex Awrnera Ashland Oil BP Canada Brenda Mines Cda Southern Cdn Export Gas Cdn Homestead Cdn Ind Gas Cdn Long Island Cdn Superior Chieftan Oev Dome Pete Dynasty Nufort Res Giant Mascot Gibraltar Mines Granisle Grt Cdn Oil Lochiel Explor Lytton Minerals North Cdn Oil Numac Oil PanCdn Pete Pan Ocean Petrol Paloma Place Gas Ponder Ranger Oil Scurry Rain Seibens Spooner Total Pete Ulster Pete United Canso Westcoast Pete West Decalta MISCELLANEOUS INDUSTRIALS Acres Ltd Aquitame BC Sugar C Pfd Block Bros Canbra Foods Cdn Pac A Pfd Cdn Pac Inv Carling A Pfd Carlmg B Pfd Com Capital Corp Crestbrook Forest Crowsnest Indus Falcon Copper F M Trust Genstar Home Oil A Home Oil B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell C Pfd Husky Oil Husky Oil B Pfd Husky Oil E War Inter Pipe War Inter S P Kaiser Res Kaiser Res War Lobiaw C Pfd Magnasonics 2.40 Pacific Pete PeBen Oilfield 3.80 Royal Trust 4.05 Sandweil Teledyne 5.00 Traders Pfd 7.75 Trimac 2.60 Westfield Minerals 1.60 Weston A Pfd 1.52 Whitepass Yukon 2.00 PIPELINE STOCKS 4.80 Alta Gas A .08 Alta Gas Pfd 22.75 Alta Nat Gas 4.05 Gaz Metro 15.50 Gas Metro A Pfd 6.25 Inland Nat Gas .12 N C Gas .47 N 4 C B Pfd 4.80 Tr-Cda Pipe 11.25 Tr-Cda A Pfd 4.65 Tr-Cda 3 Pfd .85 Tr-Cda Pipe War .95 Westcoast Trans 2.50 West Trans War 8.75 CALGARY 7.37V4 Acroll 5.75 Barons Oil 1.10 N. Continental .70 Western Warner .17 VANCOUVER MINES 15.00 Bathurst Norsemines 14.00 Cima Resources 5.00 Dankoe .13 Davenport 3.70 Lornex .45 Norlhair Mines Primer 2.50 Pyramid 2.72 Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS 4.85 August Petroleum 13.00 Plains Pete 11.50 Stampede Int'l Res 3.50 MUTUAL FUNDS 2.45 All Cdn. Compound 23.25 All Cdn. Dividend 11.62V4 All Cdn Ventures 16.00 Amer Growth Fund 19.50 A.G.F. Special 1.46 Cdn. Invest Fund 2.40 Eaton Commonwealth 16.00 Eaton Leverage 6.62V'Z Eaton Int'l Venture 4.05 Corp. Investors 14.75 Corp Invest Stock Fund 15.75 Dreyfus Fund U.S. 16.00 Grouped In Shares 10.25 Growth Equity 16.50 Invest Growth Fund 27.50 Investors Mutual 48.00 Mutual Accumulating 11.00 Nat. Resources 31.00 N.W. Cdn. 3.60 N.W. Growth 1.52 Principal Growth 11.00 Royfund 4.00 Templeton Growth 1.65 United Accumulative Universal Savings 1.15 Vanguard Toronto mines industrials (Supplied by Richardson Securities of Canada) MINES Acme .06Vi Advocate Asb. 1.00 Akaitcho 1.60 Bralorne 1.30 Broulan .29 Bethlehem 9.00 Bovis .87 Brunswick 3.80 Can. NW Land 1.95 Canada Tung. 2.05 Cassiar 2.60 Central Pat. .66 Chimo .80 Conwest 2.10 Cons. Rambler 1.50 Coin Lake .15 Cochenour 1.02 Craigmont 3.30 Dickenson Mines 7.25 Denison Mines 36.50 D'Hdona .21 Dome Mines Discovery Mines 1.45 East Malartic 3.30 East Sullivan 1.60 Falconbndge 23.50 Frobex .10 First Maritimes .35 Giant Y K. Granduc 1.13 Holhnger A 22.50 Hudson Bay A 12.75 Hydra Ex. .50 Iron Bay 3.80 Iso Joliet Quebec Kerr Addison Key Anacon .17 Labrador 23.25 Lake Shore 3.65 Langis Silver .09 Madsen R.L. .45 Malartic G F. Martin McNeely 26 Maclntyre 31.25 Meta .09 Midnm Intern Mogul 2.20 NuWest Homes 4.70 New Athona .17 New Calumet .14 Noranda 26.87V4 Northgate 2.75 Norlex Pine Point 24.50 Placer Dev. 14.50 Pax Exp. 1.02 Quebec Man .13 Rayrock .81 Radiore .17 Rio Algom 19.50 Roman Corp. siso Sherritt Gordon 4.50 Steep Rock .90 Sunningdale 2 95 Tek Corp. A 2.02 Texmont .14Vi United Canso 6.37V4 Western Mines 2.04 WH Copper Mines 1.50 Wright Hargreaves 1 30 Willroy 1 so Windfall 09 Yellowknite Bear 1.70 Zenmac INDUSTRIALS Abitlbi 9.62Vi Alcan 19.00' Algoma Steel Atco Ind 10.50 Agra Ind 4.25 Bell Tel 43.62'xi Brascan A 9.50 BC Tel 47.00 Burns 8.00 EC Forest 11.12V4 BC Sugar 19.50 Bow Valley Ind 9 25 Cable CAE Ind Cal Power 19.75 Canbra Foods 2.45 Can Cellulose 3.80 Carling O'Keefe 1.85 Chemcell 3.50 Coron Credit 1 55 CWN Gas Pfd 8.25 Cdn Ind 16.00 Cdn Marconi 2.80 Cdn, Vickers 11.50 Chrysler CPR 12.75 Commco Cons Bathurst 23.25 Cons Gas 14.00 Dist Seagrams 31.00 Dom Bridge 16.75 Domtar Dom Textile 6.75 Dom Stores Dome Pete 1550 Dofasco 20.00 Glen Mobile 1 25 Grt Cdn Oil 4.65 Gen Motors 28.75 Grt Lakes Paper 15.25 Gulf Oil Greyhound Hawker Sid 3.90 Hiram Walker A 35.25 Huron Erie 23.75 Imperial Oil A 19.50 Imasca A 23.50 Int Nickel 1950 Int Pipe 10.50 inv Grp A 5 50 IU Int'l 8.8714 IAC Ltd 17.50 Jannock Kaps 7.15 Kel Douglas A 4.40 Laurentide 6.50 Loeb 2.00 Lobiaw A 5.12VJ Metropolitan Massey Ferg McMill Biped 23.00 Moore Corp 38.25 Molsons A 13.00 Molsons B 12.25 Nachurs North Cent 7 50 Peyto 2.20 Power Corp 8.25 Price Co 12.50 Rothrnans 9.00 Shell CDA Simpsons 6.50 Simp Sears Steel Can A Selkirk A 11 00 Texaco 24 00 Trad Grp A 10.75 Trans Mtn Pipe 8.50 Trasn Can Pipe Union Carbide 14.25 Union Gas 7.25 Union Oil 7 50 United Siscoe 2.30 Versatile Mfg 4.70 Westeel 18.00 Westons 18.75 Woodwards A 1762V? BANKS Can Imperial 19.75 Montreal 11.62V6 Nova Scotia 33.00 Royal 25.75 Tor Dom New York (Supplied by Richardson Securities of Canada) Amr T T 41.50 Woolworth 8.75 Anaconda 13.50 Westinghouse Elec 837Vi Beth Steel 34.50 US Steel 3S.62V, Chrysler 7.1214 Gen Tel Elec 1650 Comsat 26.75 TORONTO AVERAGES Dupont 86.87V4 20 Industrials 150.96 down .40 General Motors 20 Golds 375.99 down 1000 Gulf 16.00 10 Base Metals 57.03 down .47 Int Harvester 20.25 15 Western Oils 108.06 down 1 77 Kenn Copper Volume 945.000 Montgomery Ward 14.00 NEW YORK AVERAGES Sears 43.25 20 Industrials 573.99 down 3.59 Exxon 59.25 20 Rails 137.69 down 1.00 Texas Gulf 26.75 15 Utilities 66.11 up .22 Texas Co 20.50 65 Stocks 188.49 down .94 Wix Corporation 8.25 Volume Toronto Stock Exchange Indexes November 1974 13.00 2.60 20.62Vi 4.00 4.00 9.50 3.50 .45 45.00 6.00 9.50 54.00 14.75 4.90 49.50 7.75 7.75 17.25 50.25 28.00 .55 18.50 1.65 .22 .04 .01 .82 .35 2.00 .60 4.10 1.75 .10 .05 .89 4.00 .06 1.30 .08 .52 4.75 4.85 2.01 3.42 1.72 3.58 10.77 2.34 4.05 4.73 3.42 7.71 2.34 4.49 8.83 4.28 4.76 3.31 3.83 3.20 3.00 5.05 6.04 3.36 6.07 3.70 Moitreal Stock Exchange Indexes Novemberl974 1 A N> T1 1 n in -1 1 OOO 71 1 Monday, Dtcwnbw 9, 1974 THE LETHBRIDQE HERALD 17 TSE prices drop in light trading AII indexes down Industrial index on the Toronto Stock Exchange fell 9.37 to 156.18 from 165.55 during November. Gold started the month at 463.67 and ended up at 411.17. Base metals dropped 6.64 to finish the month at 60.62 and western oils fell 30.77 to end the month at 119.15. On the Montreal Stock Exchange the industrial index More costly beef or none at all Two choices left up to consumer VANCOUVER (CP) Canadian consumers will have to choose between more cost- ly beef or no beef at all, a beef industry spokesman said here. And while switching to grass-fed animals from traditional grain-fed beef may result in some cost savings, prices will still go up, a meeting of B.C. Food Council, a provincial government watchdog group, was told. "Last year, feedlot operators lost a cow because of the high price of feed Gordon Park, president of the Canadian Cattlemen's Association, said. "They have to make up for that loss, and so they're pay- ing the producer about 40 cents a pound for calves, and we need 70 cents to show a reasonable he said. Mr. Park said a side of beef which retails for a pound will have to increase to about NO ANSWER Grass-fed beef, initially tourted as the answer to ex- pensive grain-fed beef, will not solve the financial woes of either producers or con- sumers, he said. "Grass-fed cattle come in once a year, but we have to Farmer and businessmen frauds cost ECM millions BRUSSELS (AP) Frauds by small farmers and businessmen have cost the European Common Market hundreds of millions of dollars in the last 15 years, officials here say. The money comes from the common market's farm fund, a subsidy system designed to regulate food production and trade in the nine-country economic community. No (one knows the exact cost, but officials estimate the figure at million. "But that is just the tip of the iceberg the cases we found out one official said. The farm fund is intended to ensure that the community's 280 million population always would have enough to eat at prices fair to both farmers and housewives. Frauds range from petty diddling to massive operations. Farmers in Britain get a slaughter subsidy of ?44 for each mature steer they take to market. To prove the subsidy has been paid, an agriculture ministry official punches a hole in the animal's ear. Some farmers then drive the steer home, hack off the holed ear and sew on another, covering the wound with hair. REPEAT PERFORMANCE The animal goes back to market the next day for a repeat performance. Tu cut down milk surpluses and poor quality wine, the U.S. pilfering toll to reach billion WASHINGTON (AP) United States even- tually their lose an estimated billion because of crimes this year, equal to for every adult in the country, the commerce department reported today. The total U.S. loss last year was billion, including losses from such crimes as shoplifting, burglary, vandalism, bad cheques and employee theft. The cost of crime- prevention measures by business was estimated at billion. The commerce department noted in a special report on business crime that most businesses absorb little of their crime losses, passing them along instead as higher prices for their goods. Retailers, especially department and clothing stores, will suf- fer the biggest crime loss this year, an es- timated billion, the report said. Service companies will have losses of billion, and manu- facturers billion. The department said between 31 per cent and 61 per cent of the com- mercial establishments in the largest American cities suffered burgl.iry attempts in 1972, an 72 per cent of all retail stores in Detroit were burglarized that year. It said shoplifting ac- counted for 28 per cent of crimes against retail stores, followed by: burglaries, 23 per cent; vandalism, 20 per cent; bad cheques 13 per cent; employee theft, 13 per cent; and robbery, three per cent. The report indicated that retailers may be placing too'little emphasis on theft within stores. It cited problems from such employee as under- recording prices on cash registers, personal favors given to friends, theft from shipping de- partments, padded payrolls and accounting fraud, and kickbacks to buyers. common market pays farmers a special subsidy to switch to other crops or produce. The farmer pockets the cash and carries on as before. To reduce grain surpluses and relieve pressure on fodder supplies, the common market gives subsidies for wheat to be dyed blue, making it unfit for human consumption, and fed to animals. Some farmers take the cash but prefer to sell the wheat in its natural state on the market where it fetches a much higher price. Olive oil producers in Italy are suspected of claiming sub- sidies for more trees than they actually possess, of- ficials say. Most offenders escape only with a fine. Butter is a cheater's favorite because the subsidies are big and the commodity easy to disguise. To get through customs checks, it can be coated with chocolate which later is removed and called cocoa butter. It can be transformed as margerine, ice cream or butter. Another case involved shipments of butter to England at a farm subsidy of just under a ton. The shipments crossed the English Channel but they were smuggled back in concealed compartments built into trucks. The butter was resold in Belgium at double the price. Gov offers to buy ranch PRINCE GEORGE, B.C. (CP) The British Columbia agriculture department has offered to buy a acre cattle ranch 26 miles north of here for use as a com- munity grazing pasture. The offer is short of the price asked by owner Merle Lloyd for the W M Ranch, but a final price may be negotiated, real estate salesman Laurie Parker said today. He said the agriculture department already has made plans to improve irrigation on the ranch and has discussed its plans with many local ranchers. VANCOUVER (CP) Kaiser Resources Ltd., said Saturday its Japanese customers have agreed to in- crease the price of coking coal by a long ton for all shipments in the first quarter of 1975. The current price is a long ton. A press release from the company called the additional payment a special bonus and said it would total to approx- imately S million. Edgar F. Kaiser Jr., presi- dent and chief executive of- ficer of Kaiser Resources, said the Japanese customers also have agreed to review possible increases in the base price to be effective April 1, 1975, a year earlier than specified in the long term contract. He said the price review will be related to the prices of other Canadian coals, taking into account different qualities, to assure the com- pany's competitive price position. TORONTO (CP) All ma- jor sectors of the Toronto stock market were lower in light mid-morning trading Monday. The industrial index, wide- ly-based indicator of market trend, fell .22 to 151.14, golds 8.20 to 377.85, base metals .20 to 58.10 and western oils 1.23 to 108.60. Declines outnumbered ad- vances 152 to 80 with 136 issues unchanged. Volume by 11 a.m. was 000 shares, up from at the same time Friday. Occidental Pete fell 1 to Bow Valley to 9V2, Tex- asgulf to Bell Canada to and Consolidated- Bathurst to Montreal Trust rose 1 to Canadian Pacific to and Royal Bank to Camflo Mines lost to Dickenson to Pan Central 24 cents to and Pamcur Vg to Falconbridge Copper rose to and Quebec Sturgeon v's to United Canso was off to and Sunningdale 10 cents to Total Pete gained 10 cents to Market trends dropped 18.03 to 155.83 from 173.86 to finish the month of November lower. Utilities started the month 121.83 and finished at 118.85. Banks were off 15.39 to close the month at 207.07, while papers gained 2.79 to finish the month at 106.24. operate on a more year-round basis." A sudden autumn supply of grass-fed cattle also would cause headaches for meat processors, Ron Tolton, of the Meat Packers Council of Canada, said. "We need a constant inflow to operate on a steady he said. Mary Smillie; an officer of the of Canada, agreed grass-fed cat- tle offer no panacea to the problems afflicting the beef industry, but could provide at least limited relief to the con- sumer. CHEAPER CUTS MRS. Smillie said the con- sumer also must learn to buy less expensive cuts, and alter- nate beef with cheaper varieties of meat and poultry. All three agreed that despite rising prices, con- sumers are not being gouged at the meat counter. And. Mr. Tolton said, Canadians have not reduced their beef consumption. This year, Canadians will consume about 93 pounds per capita, compared with 91.8 pounds last year. Maurie King, chairman of the B.C. Food Council, said the purpose of the meeting was to gain more knowledge of the problems confronting the beef industry. He said recommendations may be made to Agriculture Minister Dave Stupich as a result of the meeting. The council was established in March. 1973, by the provin- cial government to provide advice on all aspects of the food industry. Membership includes per- sons from throughout the food industry. Kaiser increases coal price MONTREAL (CP) Prices dropped in light trading on the Montreal Stock Exchange Monday. Volume at a.m. was snares, compared with shares at the same time Friday. Industrials fell 0.59 to 149.58, the composite 0.41 to 148.86, papers 0.27 to 101.80 and banks 0.18 to 201.72 while utilities rose 0.13 to 117.81. BP Canada fell Vz to Imperial Oil A lo Bell Canada V< to Aquitaine Va to 113, Canadian Imperial Bank Vs to Toronto-Dominion Bank V8 to J31 V< and Shell Canada Vg to SlOVi. Canadian Pacific Ltd. rose to and Bank of Montreal to Among speculative issues, Belleterre Quebec fell two cents to 70 cents after trading shares. VANCOUVER (CP) Prices were down in light trading on the Vancouver Stock exchange Monday. Early volume was 98.840 shares. On the industrials board. EDP was unchanged at .05 on a turnover of shares. In the mines. Colby was up .06 on 26.- 200 shares. Cop-Ex led trading in the oils and was up a half cent at .14 on 5.000 shares. NEW YORK (AP) The stock market backed down again Monday after giving up on an early recovery attempt. The Dow Jones average of 30 in- dustrials, up about three points from Friday's 12-year closing low in the ear- ly going, was off 3.60 at 574.00 by noon- time. Losers held a 4-3 edge on gainers at the New York Stock Exchange. Winnipeg grain WINNIPEG (CP) Prices of com- modity futures continued lo slump in light activity through mid-session Monday on the Winnipeg Commrdity Exchange. Heaviest losses were suffered by oilseeds, with rapeseed easing as much as 16 cents a bushel. Friday's volume of trade was 000 bushels of feed wheat, of oats, of barley, of corn, 334.000 of rye. of flax and 000 of rapeseed. Mid-session prices: Thunder Bay rapeseed: Dec. 12 lower 8.08A; May 13 lower 8.28A; July unchanged 8.32A; Oct. 10 lower 8.05A. Vancouver rapeseed- Jan. 15% lower 8.42A; Mar. 16 lower 8.29A; June 14 lower 8.19A: Sept. 11 lower 8.04A. Flax. Dec. 11 lower 10.19A; May 12 lower 10.27A: July 13 lower 10.07A; Oct. five lower 9.95A. Feed wheat: Dec. one higher 3.90A; May one lower 3.78A: July two lower 3.S1A; Oct. not open. Corn- Mar. six lower 4.00A; May six lower 4.06A: July six lower not open. Barley: Dec. two lower 3.01'A. May threee lower 3.02A: July 2'A lower 2.99 Oats: Dec. lower 1.943'4A; May 1% lower l.SOte: July not open. Rye: Dec. May 5Vi lower July six lower 3.05A. On the American Stock Exchange. the market value index was down 77 at 58.36. The NYSE composite index of all its listed common stocks declined .20 to 34.25 Among Canadian issues on the NYSE, Canadian Pacific was up '4 to and Seagrams up V4 to Sai'j. Dome Mines was down lz to S46J2 and Campbell Red Lake slipped to Alcan remained unchanged at as did International Nickel at Livestock Calgary CALGARY (CP) Receipts to li a.m. Monday from the Calgary public stockyards totalled about 230 head, mostly slaughter cows. Trade was steady on cows. There were insufficient slaughter steers and heifers sold to establish a market. Good cows sold 50 cents higher with a strong local demand. Cows Dl. 2 20-22, D3 17.50-20, D4 12- 17. Bulls 16.50-19 There were too few feeder cattle on offer to establish quotations. Hogs base 54.55. Hog prices EDMONTON (CPi Prices to 11 a.m. Monday provided by the Alberta Hog Producers Marketing Board. Fri- day prices in brackets: Edmonton- 5455 Calgary: 54 55 Red Deer: 54.50 Hogs sold to 11 a.m. hogs sold Friday 2.604. average 58.00. Sows average 31.10. Currencies MONTREAL (CP i Monday's mid- day foreign exchange selling rates supplied by the Bank of Montreal- Bermuda dollar 1 0100 Denmark kroner .1730 France franc .2190 Germany mark .4105 Italy lira .001530 Japan yen 003340 Mexico peso .0805 Spain pesata .0177 Sweden kroner 2370 Switzerland franc .3880 United States dollar .9900 United Kingdom pound 2.3300 U.S.S.R. 1.3026 Quotations in Canadian funds. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Mon- day was down 3-25 at 33-50. Pound sterling was up 41-100 at K 30 37-100 In New York, the Canadian dollar was up 11-100 at SI .01 7-20. Pound sterl- ing was up 7-10 at 5-10. Dealers'president Ken Robison, president of King Chrysler Dodge Ltd., has been named to a two-year term as pres- ident of the Lethbridge Auto Dealers Association. Past-president of the 10-dealer association is Doug Dunlop, president of Dunlop Ford Sales Ltd. ACCOUNTANT A position is available for an Account Payable accountant. 2 years experience required. Ex- cellent working conditions with company fringe benefits available to the successful applicant. Please reply in writing stating experience and expected salary to: Mr. M. 0. Rombough P.O. Box 99, Canbra Poods Ltd. Lethbridge, Alta. ;