Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 27

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 36

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives

Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - December 12, 1974, Lethbridge, Alberta Thursday, 12, 1974 THE LETHBRIDQE HERALD 27 Sharp price drop in TSE trading TORONTO (CP) Prices dropped sharply on the Toronto stock market as golds showed the only improvement in moderate mid-morning trading Thursday. The industrial index, wide- ly-based indicator of market trend, fell 1.27 to 151.44, base metals 0.24 to 55.97 and western oils 1.63 to 106.10. Golds increased 5.02 to 355.94. Trading resumed in Northern and Central Gas and Canadian Industrial Gas and Oil following an announce- ment late Wednesday that the two companies intend to merge. Bow Valley Industries fell to Canadian Tire A to I36V4, Northern Central Va to Stelco A Vx to and Imperial Oil A to Westeel Rosco gained 1% to and Molson B to Campbell Chibougamau dropped 25 cents to Yel- lowknife Bear 15 cents to Hudson Bay Mining A to and International Mogul five cents to Camflo gained to Dickenson to and Denison VB to Ulster lost 4 cents to 36 cents and Pominex 2Vz cents to cents. Peyto gained 15 cents to Decca 10 cents to and Canadian Export Oil and Gas 5 cents to Market trends MONTREAL (CP) Prices were lower in light trading on the Montreal Stock Exchange Thursday. Banks fell 1.40 to 200.15, papers 1.38 to 100.24, utilities 0.18 to 119.96 and the composite 0.06 to 150.32 while in- dustrials rose 0.14 to 151.21. Distillers Corp.-Seagrams fell Vz at VB, Bell Canada to Northern and Central Gas Vt to Bank of Montreal to and Abitibi Vt to Among speculative issues, Ta- lisman Mines fell one cent to 12 cents after trading shares. VANCOUVER (CP) Prices were up in light trading on the Vancouver Stock Exchange Thursday. Early volume was shares. In the industrials, Renn Industries was up .02 at .30. In the mines. Con- solidated Standard was up .02 at .05. In the oils, Williams Creek was up .01 at .05. Volume on the curb exchange was shares. Brewster was up .03 at .15. Prices were down in light trading Wednesday. Volume was shares. On the industrials board, EDP fell .01 to .04; Block Bros, down .05 at loharcdown .02 at .18; Canadian Javelin down at Sun A unchanged at and Integrated Wood unchanged at .62. Most active issue in the mines was Grandora. down .01 at .54; Cutlass fell .02 to 15; Skaistupa half cental Benson Mines rose .03 to .20; Green Eagle unchanged at .21 and Con- solidated Fortune Channel down .01 at .08. In the oils, Monterey A unchanged at .08; Seneca Developments up .02 at .82; Bison Petroleum unchanged at' Payette down .01 at .15; Rand A up .01 at .80 and Princess unchanged at Volume on the curb exchange was 426.434 shares. Tapindown .10 at Olympian up .02% at .36'A; Host Ven- tures down .05 at .25; Mark V rose .08 to .93; Gentry down .01 at .09 and Bev- Cal unchanged at .05. NEW YORK (AP) Stock prices were widely mixed Thursday while investors assessed President Ford's remarks on the economy Wednesday night. The noon Dow Jones average of 30 industrials was up 5.24 at 600.59, but losers held onto a slight lead over gainers at the New York Stock Ex- change. On the American Stock Exchange, the market-value index rose .51 to 59.46. The NYSE's composite index of more than common stocks was up .13 at 35.88. Among Canadian issues on the NYSE, Seagrams was down to Vz, International Nickel to and Alcan Vt to Dome Mines rose to Mcln- tyre to and Campbell Red Lake Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Thursday from the Calgary public stockyards totalled about 800 head, mostly slaughter cattle. Trade was moderate to dull on steers and heifers and moderate to active on cows and bulls. Slaughter steers sold at 47 while heifers sold lower. Cows and bulls sold lower with an indifferent demand. Steers Al, A2 46-47, A3 4446. Heifers Al, A2 39-40, A3 37.50-39. Cows Dl, D2 20-22.50. D3 17-20, D4 14-17. Bulls 20-21.50. Good feeder steers over 750 pounds 40-43.75. Butcher calves 24-28.50. Hogs base price 52.10. Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Jan. 48.50A; March 48.50A; May 47.50N. Tuesday's volume: Four contracts. Feed prices WINNIPEG (CP) Wheat Board domestic feed grain prices Wednesday: 3CW red spring wheat 3 No. 1 feed barley 2.94te; No. 1 feed oats 1.95. Gold futures WINNIPEG (CP) Gold Futures, U.S. funds. Winnipeg Commodity Ex- change close Wednesday. 400-ounce contracts: Jan 75 174.00A: April 75 179.00A; July 75 184.00A; Oct 75 190.00A; Jan 76 195.00A. Tuesday's volume: 331 contracts. Gold prices LONDON (AP) Closing gold prices Wednesday in U.S. dollars per ounce: Zurich-176.50 Hong Kong-174.46 per kilo Qhicago markets CHICAGO (AP) Commodity futures declined over a broad area Wednesday on major exchanges in the United States. Live cattle, hogs and pork bellies all declined on the Chicago Mercantile Exchange, but shell eggs gained a few points. Silver futures fell about five cents an ounce in Chicago and New York as gold cased abroad along with some currencies. World sugar futures fell the limit of two cents a pound again, marking a decline of about 18 cents in nearly two weeks. Copper, cocoa, cotton and orange juice futures all declined from 100 to 300 points as support fell off un- der general selling pressure. Grain futures had opened on a weak tone, but a floor-wide rally turned all pits generally higher. At the close, soybeans were two to 7% cents lower, Jan. 7.29; Chicago wheat was two lower to 1'A higher, Dec. 4.66; Gulf wheat was not traded; corn was 2% lower to higher, Dec. 3.5ft; and oats were unchanged to higher, Dec. Grain quotations Wednesday: Wheat: Dec. 4.66; Mar 4.81; May 4.82; Jul 4.46; Sep 4.53; Dec4.63. Corn: Dec 3.58; Mar 3.63; May 3.66; Jul 3.66; Sep 3.46'A; Dec 3.10; MarS.M'A. Oats: Dec Mar 1.79'A; May 1.79; Jul I 74; Sop 1.67: Dec- 1.70'A. The Herald Business Motorists advised to shop now Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited Hog prices EDMONTON (CP) Prices to 11 a.m. Thursday provided by the Alberta Hog Producers Marketing Board. Wednesday's prices in brackets. Edmonton: 52.00 Calgary: 52.10 Lethbridge: Nil Fort Macleod: Nil Hogs sold to 11 a.m., 664. Hogs sold Wednesday. average 52.01. Sows average 30.70. Winnipeg grain WINNIPEG (CP) Futures prices were nominally higher in continuing light activity at mid session Thursday on the Winnipeg Commodity Ex- change. Vancouver rapeseed posted the biggest gains six cents a bushel in all open months while the Thunder Bay positions were not open. Wednesday's volume of trade was bushels of feed wheat, of oats, of barley, of rye, of flax and of rapeseed. There was no trading in corn. MID-SESSION PRICES: Thunder Bay rapeseed: Dec., May, July and Oct. not open. Vancouver rapeseed: Jan. six higher Mar. six higher 8.28B; June six higher 8.18B: Sept. not open. .Flax: Dec. one higher 10.17B; May unchanged 10.15; July four higher 9.87B; Oct. not open. Feed wheat: Dec. three higher 3.90; May three higher 3.80B; July and Oct. not open. Corn: Mar. one higher 3.98'AB; May one higher 4.03B; July one higher 3.79B; Dec. not open. Barley: Dec. one higher 2.95A; May one higher 2.97; July not open. Oats: Dec. one higher 1.94A; May unchanged 1.85A; July not open. Rye: Dec. unchanged 2.95B; May two higher 3.10; July IVz higher 3.07 ViB. Grain quotes Wednesday basis Lakehead: High Low Close Flax Dec 1016 1005 1016 May 1016 1002 1015 Jly 983 Oct 965 Rapeseed Thunder Bay Dec 800 May 817 Jly 820 Oct 784 Rapeseed Vancouver Jan 844VZ 834 836% Mar 830 Vi 814 822 Jun 820% 804 812 Sep 789 783 789 Rye Dec 295 Vz 295 295 May 310 Vt 308 307 Jly 307 306 306V4 Barley Dec 297% 294 294 May 299 296 296 Jly 295 Oats Dec 193 193 May 187 185 185 Jly 184 Corn basis Montreal Dec 388% Mar 397% May 402 Jly 378 Feed Wheat Dec 388 387 387 May 378 377 377 Jly 379Vi Oct 383% Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Thursday was up 1-50 at 27-50.. Pound sterling was down 89-100 at 53-100. tn New York, the Canadian dollar was down 1-50 at Pound sterling was down 95-100 at 9-10. WESTERN Oilfield AND Anon Albany Alta East Group Ashland A BP Brenda Cda Gas Trk Cdn Ex Gas Trk Cdn Nat Cdn Ind Gas Cdn Long Metro A Cdn Nat Chieftan C Dome C Gas B Nufort A Giant B Gibraltar Gt Cdn Oil Trans Lochiel Lytton North Cdn Numac Pancdn Pan Palo Place Ranger Scurry Total Ulster United West West Acres BC Sugar C Block Canbra Cdn Pac Inv A Int'l Cdn Pacific Carling O'Keefe A Pfd Carling O'Keefe B Pfd Comm Cap Corp Crestbrook 19.50 1.35 Cdn. Compound All Cdn. Dividend All Cdn. Ventures Amer Growth 4.87 2.00 3.56 Crowsnest Falcon Copper F M Trust Invest Fund Eaton 10.85 Home Oil Int'l Home Oil Hud Bay Invest Stock Hud Bay In Hud Bay Oil A Hugh Russell Husky Growth Fund Investors 4.29 Husky Oil B Pfd Husky Oil E War Interprov Pipe Iriterprov Steel Kaiser 3.65 1.61 11.00 Accumulating Nat. Resources N.W. Cdn. N.W. Growth Principal 3.34 3.85 3.42 2.96 Kaiser Res Loblaw Co C Magnasonics Pacific Accum 3.61 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb. 1.15 Akaitcho 1.48 Bralorne 1.30 Broulan .31 Bethlehem 9.00 Bovis .85 Brunswick 3.65 Can. NW Land 2.06 Canada Tung. 2.30 Cassiar 3.10 Central Pat. .70 Chimo .75 Conwest 2.11 Cons. Rambler 1.51 Coin Lake .13 Cochenour .97 Craigrnont 3.20 Dickenson Mines Denison Mines 34.50 D'Eldona .20 Dome Mines 43.00 Discovery Mines 1.50 East Malartic 3.00 East Sullivan 1.43 Faioonbridge Frobex .10 First Maritimes .35 Giant Y.K. Granduc .71 Hollinger A 22.50 Hudson Bay A Hydra Ex. .40 Iron Bay 3.85 Iso .61 Joliet Quebec .16 Kerr Addison 9.00 Key Anacon Labrador 22.50 Lake Shore 3.40 Langis Silver .06 Madsen R.L. .46 Malartic G.F. 1.02 Martin McNeely .24 Maclntyre 31.00 Meta .08 Midrim .07 Intern Mogul 2.02 NuWest Homes 4.85 New Athona .17 New Calumet .14 Noranda 28.37V: Northgate 2.90 Norlex .15 Pine Point 24.75 Placer Dev. 14.50 Pax Exp. 1.10 Quebec Man .13 Rayrock .75 Radiore .16 Rio Algom Roman Corp. 7.50 Sherritt Gordon 4.40 Steep Rock .80 Sunningdale 3.05 Tek Corp. A 1.85 Texmont .13 United Canso Western Mines 2.02 WH Copper Mines 1.30 Wright Hargreaves 1.25 Willroy 1.40 Windfall Yellowknife Bear 1.55 Zenmac Abitibi 9.25 Alcan 18.25 Algoma Steel Atco Ind 10.25 Agra Ind 4.20 Bell Tel 44.62% Brascan A 9.87% BC Tel 46.75 B.C. gasoline prices at new low VANCOUVER (CP) Oil company officials here say it's an ideal time for economy minded motorists in the British Columbia lower mainland to shop for gasoline. "There is a real scrambled assortment of said Rod Kerr, an executive with Imperial Oil. "It's not a full- fledged price war, but generally speaking the market is pretty more so than I've seen it in years." A recent survey of service stations showed a 25-per-cent range in the price of a gallon of regular gas. Prices varied from a low of 50.9 cents to 66.9 cents a gallon. Competition appeared to be localized. For instance, in one area of Burnaby a number of stations were selling regular gas at 50.9 cents a gallon. The area is one of intense competiton and considerable discounting. Many proprietors said they believe the price to be the lowest in B.C. and perhaps in Western Canada. But conformity of prices is not the rule. One station here was selling regular gas at 65.9 cents a gallon while the sta- tion next door sold gas at 55.9 cents a gallon. Regular gas prices in the downtown area averaged about 64.9 cents a gallon. However, independent stations and selfservice out- lets usually sold at prices five to 10 cents a gallon lower. An oil company spokesman said "non-branded" stations are usually able to offer lower prices because they get their wholesale gas at cheaper prices from major oil com- panies who bid for the contracts. While company officials re- fused to say how much the "non-branded" stations were charged for wholesale gas, they said the product is the Survey shows big rise in car repair rate charge TORONTO survey done by the Insurance Bureau of Canada (IBC) shows that the hourly rate charged for work done by auto repair shops has risen as much as 23 per cent in the last six months. The survey, made pubic Wednesday, shows that the current average rate in Calgary is per hour, compared to last May, a 23 per-cent jump. The figures for Halifax are from an 18-per-cent increase. Banker sees gloomy outlook for economy Burns BC Forest 11.00 BC Sugar 18.50 Bow Valley Ind 9-50 Cable 9-75 CAE Ind 7.00 Cal Power 20.25 Canbra Foods 2.40 Can Cellulose 2.70 Carling O'Keefe 1.85 Chemcell 3.35 Coron Credit 1-55 CWN Gas Pfd 8.25 Cdn Ind 16.75 Cdn Marconi 2.75 Cdn Vickers 12.00 Chrysler 8.00 CPR 13.00 Cominco 22.12V2 Cons pathurst 23.25 Cons Gas 14.37% Dist Seagrams 31.12% Dom Bridge 17.12% Domtar 19.75 Dom Textile 6.75 Dom Stores 15.12% Dome Pete 15.62% Dofasco 20.25 Glen Mobile 1.25 Grt Cdn Oil 5.00 Gen Motors 30.50 Grt Lakes Paper 15.00 Gulf Oil 19.87% Greyhound 11.62% Hawker Sid 3.90 Hiram Walker A 34.75 Huron Erie 23.75 Imperial Oil A 20.00 Imasca A 23.25 Int Nickel 19.75 Int Pipe 10.87% Inv Grp A IU Infl 9-00 IAC Ltd 17.62% Jannock 5.00 Kaps 1.10 Kel Douglas A 4.50 Laurentide' 6.00 Loeb 2.00 Loblaw A 5.00 Metropolitan 10.75 Massey Ferg 13.00 McMill Bloed 22.50 Moore Corp 38.50 Molsons A 12.50 Molsons B 12.50 Nachurs 6.37% North Cent 7.25 Peyto 2.30 Power Corp 8.50 Price Co 13.00 Rothmans 9.00 Shell CDA 11.00 Simpsons 6.50 Simp Sears 8.87% Steel Can A 23.37% Selkirk A 10.50 Texaco 23.37% Trad Grp A 10.00 Trans Mtn Pipe 8.75 Tran Can Pipe 9.12% Union Carbide 14.12% Union Gas 7.00 Union Oil 7.62% United Siscoe 2.15 Versatile Mfg 4.75 Westeel 19.75 Weston's Woodwards A 16.75 BANKS Can Imperial 20.09 Montreal 11.25 Nova Scotia 33.87% Royal 25.12% Tor Dom 31.00 HALIFAX (CP) The president and chief executive officer of the Bank of Nova Scotia says a domestic economic slowdown probably will be "bigger and more prolonged" than sug- gested in the budget statement by the federal government. C. E. Ritchie told the bank's annual meeting Wednesday that there should be no com- placency about the Canadian or inter- national economic situation when "one notes the slowing tendencies just now beginning to hit the Canadian economy and when one takes account also of the unresolved world oil payments problem." The budget helped to support a decrease in inflation by em- phasizing fiscal stimulus through tax cuts rather than in- creases in government expenditure, he said. A pronounced economic .slowdown, however, would slow down wage-price ad- vances but also increase demands for more fiscal stimulus which could create more inflation, Mr. Ritchie said. He said that while the world banking system has been strained in 1974, the performance of Canadian banks has been encouraging. The favorable performance of the domestic economy was a help and so was the structure and policies of Canadian banks, especially the flexibility of branch net- works. Ian D. Mair, chairman of the bureau which represents the majority of automobile in- surance firms in Canada, said in a statement the increased costs would probably be reflected in higher insurance rates. "This is just further evidence of the double-figure inflation that must be reflected in insurance costs to the consumer." The survey covered body work only, a major compo- nent in the cost of automobile insurance. IBC said hourly rates for mechanical and electrical repair work was normally to an hour higher. Current hourly rates in Montreal and Toronto for work done in private body shops is Generally, the survey said, body shops connected to auto dealerships charge at least an hour more. In Montreal, the non-private shops are charging an hour, an increase of 16 per cent in six months. Outside metropolitan areas where competition is less se- vere, rates were frequently higher. In Thunder Bay, Ont., the survey shows rates at an hour, in Edmonton Ot- tawa Quebec City Saint John, N.B. and St. John's, Nfld. The survey blamed the high rates on increased costs for materials and labor. Nov. grain shipments through port decline VANCOUVER (CP) Grain shipments for November through the port of Vancouver totalled 41 million bushels, down from the 76 million bushels in November last year, the Vancouver Merchants Exchange said Wednesday. The shipments were less than half what they were in November of 1972 and 1973 when 92 million and 97 million bushels, respectively, were shipped. Other British Columbia New York ___ (Supplied by Richardson Securities of Canada) Amr. T T 43.50 Woolworth 8.12% Anaconda 13.37% Westinghouse Elec 8.62% Beth Steel 24.87% U.S. Steel 36.87% Chrysler 800 Gen Tel Elec 16.50 Comsat 28.25 TORONTO AVERAGES Dupont 8700 20 Industrials 152.35 down .36 General Motors 31.00 20 Golds 354.50 up 3.58 Gull 16.62% 10 Base Metals 55.74 down .47 Int Harvester 20.00 15 Western Oils 111.65 up 1.92 Kenn Copper 36.37% Volume Montgomery ward 14.25 NEW YORK AVERAGES Sears 4500 20 Industrials 600.59 up 5.23 Exxon 61 37% 20 Rails 141.86 up .23 Texas Gull 2700 15 Utilities 68.09 down .06 Texas Co 21.12% 65 Stocks 195.91 up 1.03 Wix Corporation 8.62% Volume The Alberta Gas Trunk Line Company Limited NOTICE To the Holders of 7Vz% Convertible Sinking Fund Debentures, Series 1: NOTICE is hereby given pursuant to the terms and conditions attached to the Convertible Sinking Fund Debentures, Series 1 that, effective at the close of business on November 29, 1974, the Conversion Basis has been increased to 101.61 Class "A" common shares for each principal amount of the Series 1 Debentures from the existing Conversion Basis of 100 Class "A" common shares for each principal amount of such Series 1 Debentures. The foregoing adjustment is a result of issuing Class "A" common shares at the price of per share. The expiry date of the conversion privilege remains at the close of business of July 15, 1982. Robert L. Pierce Executive Vice-President and Secretary December 6, 1974 same as sold by major retailers. A spokesman for Standard Oil said its price to regular dealers is 51.1 cents a gallon, including 3.3 cents a gallon federal tax and 15 cents a gallon provincial tax. He said the accepted dealer margin is 14.8 cents, bringing the average price of regular gas to 65.9 cents a gallon. A Gulf Oil spokesman said its dealer price is 51 cents a gallon while an Imperial Oil spokesman said its price was 50.8 cents a gallon. Oil spokesmen said that selling to a "non-branded" station at one price and to a franchised retail outlet at another might result in com- petition against its own retail outlet. But they said major retailers usually have a com- petitive edge by virtue of their name and a reputation for providing full service. They added that in extreme- ly competitive areas, an oil company might reduce the wholesale price to one of its retailers to enable him to compete. This explains why a major retailer, such as Esso or Shell, can sell gas at a price close to the normal 51-cent retail price and still stay in business. Service stations which sell gas at rock-bottom prices usu- ally depend on sales volume to make a profit. Or they depend on other sources of revenue, such as a car wash or automo- tive accessories sales, to pick up the slack. City business firms rapped REGINA (CP) City business establishments have been criticized for their "apathetic approach" towards the Canadian Western Agribition held here in November. A letter from the Canadian Chianina Association in Calgary, presented to city council, said the association "could not believe that many eating establishments and most stores were closed on the Monday of Agribition week. "It's about time the city of Regina shaped up in its at- titude towards Agribition and towards many people who visit your city during that the letter said. 1003 4th Avenue South, Lethbridge Telephone 328-4426 recessing 'erviccs grain ports shipped 20 million bushels of grain in November, compared with 21 million last November. Merger off TORONTO (CP) Brinco Ltd. and Rio Algom Mines Ltd. have announced that the proposed merger between the two companies will not take place. MELROE BOBCAT WORLD S MOST POPULAR SKID STEER LOADER Skid-steer Loader That "Puts It All Together" When the Melroe Bobcat was matched m performance tesis against thirteen other skid-steer loader makes, here's what happened Bobcat led the field, with clear superiority in nm pull, cycle time, practical load capacity, safety and mobility under full load That's the kind of performance you d expect from Amfin- ca's number one skid-steer loader, but it's ]ust part of the Bobcat story- Bobcat is famous for versatility One Bobcat, one operator and a group attachments can replace several costly, one-job machines and their operators The patented which allows the Bobcat operator to change attachments in less than a minute, is still the fastest, most effective quick-attach system around Put a Bobcat to the test Call us for a free demonstra- tion today While we're on your pbsite. we'll explain new, flexible financing that makes it easier than ever to own a Bobcat America's number one skid-steer loader BOBC C J EQUIPMENT Sales Service Rentals 1410 2nd An. S. -PhOM 327-2922 ;