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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 11, 1973, Lethbridge, Alberta Market prices sharply higher The Herald- Business MONTREAL Prices in all sectors moved higher in light trading un the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 275.700 compared with 295.280 at the same lime Monday. The industrial index rose 2.70 to 241 the composite 2.0B to 223.14. papers .84 to 129.67. utilities .70 to 137.16. and banks .54 to 261.98 On the Montreal Slock Dome Petroleum rose 1 to Chrysler Corp. to Canadian Industries Ltd. to Gull Canada 'z to and Algoma Steel 'i to On the Canadian Stock Exchange. Cuvier Mines rose five cents to on a volume ol 20.575 shares TORONTO Prices on the Toronto stock market moved sharply higher in moderate mid-morning trading today The industrial considered the major indicator ol market rose 1 64 to 212 84. base metals .11 to 93.30 and western oils 1 55 to 262.98. Golds were oil 34932 Volume by 11 a.m. was 783.000 up Irom 592.000 at the same lime Monday Advances outnumbered declines 132 to 95 with 159 issues unchanged. Oil chem.cal. steel and in- dustrial mining stocks were among sectors ol the market recording gains while food trust and utility and communication issues declined. Dome Pete rose to Chrvsler to Bow Valley i to Imperial to and Inco to Husky Oil lell to Nowsco Well to S8'H and Algoma Steel to Brunswick was up 15 cents to Kio Algom to and Madeleine live cents to Denison slipped to S48'z and Kornan i i Pant'anadian gained 1 to i while Hanger was oil 14 to VANCOUVER Prices were mixed in light trading Monday on the Vancouver Stock Exchange. Closing volume was shares. In the industrials. Block was up .10 at on 11.000 shares. EDP was up .01 at .21 on shares. Inter- national Visual was down .02 al .13 on 5.200 shares. Canadian Javelin was down at 18.50 on shares. Captain International was up .01 at .66 and Four Seasons was down .03 at .82. In the mines. Cutlass was up .01 at on shares. Silver Standard was up .15 at on shares. Northair was unchanged at .60 on 50.- 700 shares. Accent Resources was un- changed at .20 on 47.000 shares Brown- Overton was down .01 at .13 and Leemac was down .01 at .25 In the Princess Ventures was at .26 on shares. Seneca Developments was up .06 at on 13.700 shares. Rand Resources was up .05 at on shares. Galveston was unchanged at on shares. Concept Resources was unchanged at and Western Warner was down .18 at .31. NEW YORK Stock prices were mixed today in what analysis said was a drying up of buying after re- cent strong gains. At noon the Dow Jones average of 30 which earlier had been up more than 5 was down 1.05. at 850.09. The Dow blue-chip indicator has gained back in the last three about 1-3 of its recent 200-point loss. Advancing New York Stock Ex- change issues had an 848-to-474 lead over declines in moderate to slow trading Among Canadian issues listed on the New York market. Canadian Pacific was up Walkers to MasseyFerguson to and Hud- son's Bay Oil to Alcan was down Vj to and Dome Mines to '4. Winnipeg grain WINNIPEG Rapeseed prices were unsettled in a moderate volume of trade at mid-session today on the Winnipeg Commodity Ex- change. Rye prices were up five to six relfecling partially stronger patterns in Chicago wheat Oats and barley were ignored and llax worked higher in nearby lutures only. Volume ol trade was 415.000 bushels of Max. 1.576000 of rapeseed and 1.004.000 of rye Mid-session prices' Klax. Dec. 4 higher 10 May 6 higher 9 65B. July and Oct not open. Kapesced Vancouver. .Jan i lower March l-'i lower June 3 lower HA. Sept. unchanged 6.07B. Kapeseed Thunder Bay Dec. un- changed May unchanged 5.1WB. July li'z higher Oct. un- changed 5.57B Chicago markets CHICAGO Commodity futures prices moved in divergent patterns on major United States ex- changes Monday. Major gains were posted in cattle and hog futures on the Mercantile Ex- and in pork bellies and shell eggs. meal and oil. corn and oats futures on the board of trade all closed generally weak There was a light hog run at the 11 principal markets Monday and this strongly influenced buyers of lulures The weather in the central portion of the country also was a buying factor. In the cattle the weather was a buying lactor along with a com- paratively sound ncef carcass market. The light hog run influenced pork belly futures along with the higher hog prices and colder weather. Limit gains were posted in hogs and nearly the limit in cattle Some buying al the opening of the board was attributed to constructive export commitment but after the buying had slowed profit- taking set in and prices moved steadily downward. Grain quotations Monday Wheat Dec. 5.43. Mar 524. May Jul 435. Sep 4.33. Corn- Dec Mar May 2.69'2. Jul 2 Sep 2.63 Dec 2.50'z. Mar 2.53'2. Otas. Dec Mar May Jul 1.32. Sep 1 31'j Currencies MONTREAL Tuesday's mid-day foreign exchange nominal selling rates supplied by Bank of Montreal1 Australia dollar I 50 China renmmbi Denmark kroner .1660 France Irunc linancinl .2185 Germany mark .3840 Italy lira commercial .001680 Japan yen 003610 Mexico peso 0810 Switzerland Irani- 3180 United Stales dollar 1.0030 United Kingdom pound 2 34 SS H. mine 1 Quotations in Canadian funds. Dollar value MONTRKAL U.S. dollar in terms ol Canadian funds at noon Tucs- down 1-50 at 00 1-50. Pound slcrlmg was down 69-100 al 39-50. In Now York. Ihe Canadian dollar was up 1-50 .it 411-50. Pound sterl- ing was down 27-50 at 37-50 Gold futures WINNIPEG Gold lulures. U S funds. Winnipeg Commodity Ex- change close Monday 74 107.25B Apr 74 111 Jly 74 1I4.HOB. Oct 74 Jan 75 119 SOB. Fridav's volume 141 contracts. Low Close Dec. not May unchanged 1.56B- July not open. Barley Dec. not open. May un- changed 2 July not open. Rye- Dec 5 V2 higher 3.04 May 6 higher July higher 3.03A. Grain quotes Monday basis Lakehead. High Flax Dec 1011 May Jly Oct Rapeseed Vancouver Jan 634'X. Mar 632 Jun 620 Sep Rapeseed Thunder Bay Dec 590 1014 959 620 616 610 1009 959 942 942 623 614 607 May Jly Ocl Oats Dec May Jly Barley Dec May Jly Rye Dec May Jly 547 'A. 590 557 315 302 157 156 229 245 h 230 299 307 Livestock Calgary CALGARY Receipts to 11 a.m Tuesday from the Calgary public stockyards totalled 600 mostly slcers and cows. Trade was moderate- ly active. Slaughter steers sold steady. Heifers were selling steady. Over- finished steers and heifers sold under pressure al discounted prices. Cows were mostly in the lower sell- ing steady for all grades shelly kinds sold down to 20. Bulls were steady. Steers. A2- 44 50 to 46 42 to 44. 40 to 42. Al. A2 40.25 to41.30. 39 to 40. Cows. Dl. 31 to 32.80. 29.50 lo 30 75 23 lo 29. good- 39 to 42. There were insuflicient replacements on offer to establish quotations. Hogs f o.b. lo 11 52.75 to 52 90. Hog prices EDMONTON Average prices to 11 a.m. Tuesday provided by the Alberta Hog Producers Marketing Board with Monday's average in Edmonton. 5280 Red Deer. 52.70 Calgary. 52.85 Nil Nil Fort Macleod- Nil Grande Nil Fairview- Nil Total hogs sold to 11 a.m. 278. sold Monday 8.877. average 54 31. Sows average 38.05. Gold prices LONDON Closing gold prices U.S. dollars per London 104.25 Paris 104.66 Frankfurt 104 60 Zurich -104.50 Hong K.- 105 84 Beirut -.403 Beef futures WINNIPEG Live beef futures close Monday. Jan Mar May 49.40A. Jly 49.00. Friday's volume- Nine contracts Stocks Miscellaneous Montreal by McQuaig HAVING PROBLEMS WITH YOUR JANITOR Enquire about our unique quality control TH1 Shining Knight Building Cleaners 11 A.M. QUOTES WESTERN OILS AND MINES Atton Mines 7.20 Albany Oil .70 Alminex 7.00 Asamera 13.37Vi Ashland Alta East Gas 6.60 BP Canada 13.00 Brenda Mines 7.15 Can South 4.75 Cdn Ex Sas 3.70 Cdn Homestd 6.50 Cdn Ind Gas Oil 8.50 Cdn Long Is .16 Chieftan Cdn Super 60.25 Dome Pete 40.25 Dynasty 9.90 Fort Reliance .20 Giant Mascot 2.26 Gibraltar Mines 10.87V4 Granisle 9.50 Gt Plains 28.75 Gt Cdn Oil S 9.95 Lochiel Ex 2.55 Lytton Min 1.16 Noble Mines .62 North Cdn Oils 6.10 Numac Pancdn Pete 14.00 Pan Ocean 16.50 Petrol 1.68 Pinnacle .22 Place Gas Ponder .55 Ranger Oil 33.55 Scurry Rain 2025 Seibens 14.75 Spooner .35 Total Pete 6.30 Ulster Pete 1.30 United Canso 20.50 West Pete 5.50 West Decalta 6.90 MISCELLANEOUS INDUSTRIES Acres Ltd 11.00 Aquitaine 24.75 BC Sugar A Pfd 13.25 Block Bros 3.50 Cdn Pac Inv A Pfd 32.50 Com Cap Corp 2.45 Carlmg O'Keete A Pld 23.25 Carling O'Keefe B Pld 28.50 Crestbrook Ind 9.25 Crowsnest Ind 28.00 Falcon Copper 11.87V6 F and M Trust 5.00 Genstar 5.00 Global Com Unit 41.50 Home A 52.25 Home B 47.00 Hud Bay Co Hud Bay Oil 46.00 Hud Bay A Pfd 53.25 Hugh Russell 48.50 Husky Oil 23.50 Husky B Pfd 42.50 Husky D War 7.50 Husky E War 10.00 Hys of Canada 3.15 Inter Prov Pipe 7.00 Inter Prov Steel 14.00 Kaiser Res 4.10 Loblaw C Pfd Magnasonics 6.00 Pacific Pete 33.75 Pac West Air Pe-Ben Oilfield Ser Rainier inc 4.00 Royal Trust Sandwell Teledyne West Cdn Seed Westfield Min Weston A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas Gaz Metro Gaz Metro A Pfd N and C Gas N and C B Pfd Pacific Trans Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Trans Can War WC Trans WC Trans Wts 26.25 4.50 4.25 4.40 1.07 60.00 8.00 69.25 18.50 9.50 5.37V2 67.50 10.50 21.50 32.25 58.50 39.50 4.85 22.00 3.70 CALGARY Acroll Barons Oils N Continental West Warner VANCOUVER MINES Atlas Explor Bath Norse Dankoe Davenport Dolly Varden Equitorial Res Lornex Primer Pyramid Silv Standard Valley Copper INDUSTRIALS Colum Brew Key Industries Wardair OILS Plains Pete Ponder Explor Stampede Intl Res MUTUAL FUNDS All Cdn Compound 6.57 All Cdn Dividend 6.90 All Cdn Ventures 3.08 Amer Grow F 5.21 AGF Special 2.64 Cdn Invest F 4.93 Collect Mutual 5.36 Com Inter 13.41 Com Leverage 3.24 Com Venture 5.80 Corp Invest 6.20 Corp Invest SF 5.04 Dreyfus Fund US Grpd Income Grow Equity Invest Grow F Invest Mutual Mut Accum Mut Grow F Nat Res NW Cdn NW Growth Principal Grow Provident Mut Royfund Templeton Grow United Accum Univer Savings Vanguard .57 .32 .31 .74 2.10 .34 Vz .12 9.25 .11 1.36 9.00 5.40 5.88 14.74 3.56 6.37 6.81 5.54 Toronto industrials by Richardson Securities of MINES Acme .11 Advocate Asb. 1.25 Akaltcho 1.15 Bralorne 1.55 Broulan .39 Bethlehem 14.25 Bovis 2.00 Brunswick 5.40 Can. NW Land 7.70 Canada Tung. 2.90 Cassiar 9.50 Central Pat. .80 Chimo .93 Conwest 3.60 Cons. Rambler 2.65 Coin Lake Cochenour .62 Craigmont 6.50 Dickenson Mines 3.15 Denison Mines 48.25 D'Eldona .33 Dome Mines 129.25 Discovery Mines .85 East Malartic 4.10 East Sullivan 2.45 Falconbridge 62.00 Frobex .23 First Maritimes .60 Giant Y.K. 9.10 Granduc 3.30 Hollinger 43.00 Hudson Bay 26.12Vi Hydra Ex. .25 Iron Bay 3.65 Iso 1.70 Joliet Quebec .20Vz Kerr Addison Key Anacon Labrador 39.50 Lake Shore 2.65 Langis Silver .04 Madsen R.L. 1.30 Malartic G.F. .82 Martin McNeely .18 Maclntyre 49.50 Meta .15 Midrim .12 intern Mogul 8.55 Nu West Homes 8.50 New Athona .13 New Calumet .24 Noranda 49.50 Northgate 4.45 Norlex .30 Pine Point 31.25 Placer Dev. 23.25 Pax Exp. 1.20 Quebec Man Rayrock .95 Radiore Rio Algom 32.25 Sherritt Gordon 14.50 Steep Rock 1.73 Tek Corp. 3.20 Texmont .18 United Canso 20.28 Western Mines 3.00 W. House Copper Mines 2.80 Wright Hargreaves .90 Willroy 1.02 Windfall .10 Yellowknife Bear 4.65 Zenmac .08 INDUSTRIALS Abitibi 11.62V4 Alcan 39.00 Algoma Steel 20.25 Jannock 6.00 Agra Ind 10.00 Bell Tel Brazilian Trac BC Tel Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Carling O'Keefe Chemceli Cdn Cellulose Calgary Power Coron Credit CWN Gas Pfd Cdn Industries Cdn Marconi Cdn Vickers Chrysler CPR Commco Cons Bathursl Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Homes Gn Cdn Oil Sands General Motors Grt Lakes Paper Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Group A IU Internal Kelly Doug A Laurentide Loeb Loblaw A Metropolitan Mass Ferguson McMil Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Rothmans Shell CDA Simpsons Simp Sears Steel Canada Selkirk A Texaco Traders Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg Westeel Woodwards A West Cdn Seed Zenith Elec Cdn Imperial Montreal Nova Scotia Royal Toronto-Dom BANKS 28.00 36.25 35.00 34.75 PHONE 328-8408 New York by Richardson Securities of Amr. Woolwor'th Anaconda Westinghouse Elec. 32.75 Beth. Steel 30.75 U.S. Steel Chrysler Gen. Tel. Elec. 25.25 Comsat 42.00 TORONTO AVERAGES Dupont 160.25 20 Industrials 211.60 up .40 General Motors 20 Golds 351.01 down 4.43 Gulf 21.00 10 Base Metals 92.96 down .23 Int. Harvester 27.75 15 Western Oils 262.04 up .61 Copper 39.50 Volume Montgomery Ward 20.50 NEW YORK AVERAGES Sears 84.25 20 Industrials 845 09 down 6.04 Exxon 91.75 20 Rails 178.00 down .30 Texas Gull 30.00 15 Utilities 889.92 up .06 Texas Co. 29.25 65 Stocks 264.46 down 1.25 vwi. Volume British pound reaches record dollar up Dtctmtor 1073 THE LETHBRIDOE HERALD LONDON The British but felted by fuel shortages and the threat of a national rail sank to a record low at the opening of foreign exchanges today. The United States dollar im- proved in all centres. The London stock market resumed its slide at the open- ing with the Financial Times industrial index down 3.6 points at 331.8. The index lost 5.4 points Monday. The pound has hit record lows each day since opening today more than one- half U.S. cent down at The Bank of England stepped into the market im- mediately to buy pounds in support of the rate which steadied to The pound was in trouble in Continental exchanges also. In the pound was down more than half a pfennig and in Paris it dropped centimes. The U.S. moved up more than one-half Quota changed WINNIPEG The Canadian Wheat board today announced a change in the quota for utility wheat effective immediately. The new quota is 20 bushels a quo- ta acres and is in effect in all shipping blocks. pfennig to 2.6525 marks in Frankfurt and in Zurich rose to 3.19725 Swiss francs from 3.19 Swiss francs Monday. In Paris it improved to 4.5575 francs from 4.55. oil stoves in demand SALT LAKE CITY A company says it has been flooded with orders from the west and Japan for small coal and' oil stoves and could sell 10.000 if it had them. John L. chairman of Dynapac. said the orders are for a small utility coal stove it has designed for household use. retailing at Most of his orders have been from coal-producing areas of the United parts of Idaho and Utah and which is cut off from Arab fuel oil. SHORTAGE STALLS SHIPS SINGAPORE Japanese cargo ships are held up here because of a lack of bunker fuel. Sources said Singapore oil companies are restricting supplies of fuel to ships because of a severe shortage. Propane price deadline set EDMONTON The propane industry has until Dec. 31 to roll back its prices. Premier Peter Lougheed said Monday night. II it does not lower propane prices the government will proclaim the gas Utilities Amend- ment Act. he told the legislature. The which received second reading approval in principle would give the public utilities board the power to roll back and fix the price of propane distributed in Alberta. The government intends to permit the industry to put its house in order but this must involve a significant he said. Roy minister of telephones and said proclamation of the bill would be a which the government would prefer to avoid. He that unless co-operation is forthcoming from the the act will be proclaimed since in all its forms is a utility and essential for just can't allow people in Alberta to suffer because the industry is pursuing opportunity prices He noted that the cost of heating the average farm home with propane has increased to a month from less than a year ago. Albert Ludwig Calgary Mountain said that if the government is going to impose price why stop at propane. are many other problems caused by inflation that are hurting ______________ Expand storage facilities FORT Alta. Sherritt Gordon Mines Ltd. will spend million on storage facilities designed to provide prairie farmers with an additional 20.000 tons of anhydrous am- monia fertilizer in the firm announced today. 20.000 ton storage lank will permit Sherritt to increase its ammonia produc- to meet increase demands for the lirm said in a news release. The new facility is to be completed by 1975 and will supply the nitrogen fertilizer for the 1975-76 crop vear. 91 Christmas kitchen values Famous Make KITCHEN CABINETS Add new charrn and efficiency to your kitchen and your home with these timely specials from Beaver. But hurry prices are effective for one week Pre finished kitchen cabinets in a style and linish to suit your taste and your budget. Get all storage space you need and add new glamour and charm lo your kitchen. Talk lo Beaver's specialist for expert advice and custom planning service. Card MOpcni Hindi IHKI ludgel ANTIQUE GOLD VEIN MIRROR WALL TILE .49 pkg. of 6 Top of the line mirror tile. .Easily applied-adhesive backed. Gcnulnt arborlte COUNTER TOPPING The preferred brand ol counter topping lor kitchen count- ers and bar tops. 8 popular col- ors and patterns. 4' x 8'. SDMI Amerock Decorative Cabinet Hardware Accenl your kitchen with In style pulls and catches OOFF Miami Carey 2 speed Range Hood Quiet operating 2-speed elmv nates cooking odours Install it yourself and save DUCTED 29.88 DUCTLESS .......36.88 VINYL CUSHION FLOORING 6'and 12' -fl .99 widths. Sq. yd......I 3rd Ave. and 17th Si S. Phone 328-4461 Saturday a.m. to p.m. the do-it-yourself store ;