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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 13, 1973, Lethbridge, Alberta Deadline for rapeseed ballot return extended OTTAWA Deadline for returning ballots in a cross-country poll of rapeseed producers has been extended to Jan. the Commons has been told. Otto minister respon- sible for the Wheat told Alf Cleave the deadline had been extended from Dec. 16 to accommodate late returns. The poll is to determine what kind of marketing system rapeseed producers want. They are being asked whether they want to retain the present open market system or whether they want to market rapeseed through the wheat board. About producers are eligible and a change would require a 60-per-cent ma- jority. Grain companies to cut country elevator operation Herald Staff Writer EDMONTON The con- tinued operation of country elevators has finally reached a says A. M. Run- ciman. president of United Gram Growers. In response to a question at the annual Unifarm Mr. Runciman said the problem of continuing opera- tion of hundreds of country elevators is starting to show through after coping with increased costs for years. He said the problem started emerging in 1958 and even ear- ly companies considered abandonment of elevators as a solution. The last abandonment of an elevator by UGG was in 1962 when 120 miles of rail line was pulled out oi operation. Since that the company has looked at spiraling operational costs through other eyes. Greatly increased amounts ol gram handled through country elevators since 1962 saved manv facilities because the per bushel cost of opera- tion was reduced. But now. with stored sur- pluses it appears as though Canada can't keep up high grain quantities. This means the grain- handling companies will have to try to retain good elevator maintaining delivery points that have an assured amount of grain for the future. PHASED OUT As delivery points become they will be phased out and the company will ex- pand to nearby centres to con- solidate their operations. This is essential because the farmers are paying the bill he said. The more economically successful the operation of the the better it will be for the farmers. During the past few UGG has constructed eight modern elevators in western Canada at strategic delivery points to assure continued ser- vice for farmers. Sask. offers to co-operate on oil price REGINA If the federal government wants Saskatchewan oil to be sold in Canada at less than its inter- national the Saskatchewan government will says Premier Allan Blakeney. Provincial co-operation would be forthcoming long as this is not done at the expense of the Saskatchewan taxpayer without full compensating benefits to Saskatchewan in sure that the tax- payers of Saskatchewan would be prepared to con- tribute to a national policy of keeping energy prices down all across Canada if Saskatchewan received con- crete and effective help in furthering our policies of es- tablishing secondary of stabilizing farm The premier made the remarks in a speech prepared for delivery on a province- wide radio and television hookup. In his the premier described the Oil and Gas Conservation Bill his govern- ment introduced in the provin- cial legislature Monday. The he would con- serve oil for future Saskatchewan give the people of the province the benefit of higher oil prices and encourage further development of Saskatchewan petroleum resources. Your Business Associates Will Be Staying At The 3 jfflotei B.C. Color Telephones See You Reeerve 423-4438 KING CHRYSLER DODGE LTD. 3rd Ave. and llth St. S. 1 M Our Christmas Present to you... our Service Dept. For a Limited Time Only We offer to you of OFF Regular Retail Pirts and Labor Prices on Engine Tune-Ups Brake Relines Front End Wheel Balance and Shock Replacement Available by Appointment Phone 320-9271 KING CHRYSLER DODGE LTD. 3rd Ave. and llth Si S. The Herald- Business Stocks Miscellaneous Montreal by McQuaig 11 A.M. QUOTES WESTERN OILS AND MINES Afton Mines 6.05 Albany Oil .67 Alminex 6.75 Asamera 11.75 Ashland Alta East Gas 6.00 BP Canada 12.00 Brenda Mines 6.50 Can South 4.15 Cdn Ex Gas 3.35 Cdn Homestd 6.05 Cdn Ind Gas Oil Cdn Long Is .13 Chleftan 9.55 Cdn Super 56.25 Dome Pete 37.75 Dynasty 9.25 Fort Reliance .19 Giant Mascot 2.02 Gibraltar Mines 10.25 Granisle 9.25 Gt Plains 27 25 Gt Cdn Oil S 9.35 LOChiel 2.25 Lytton Mm 1.01 Noble Mines .72 North Cdn Oils 5.35 Numac 15.00 Pancdn Pete 12 25 Pan Ocean 15.25 Petrol 1.70 Pinnacle Place Gas .45 Ponder .57 Ranger Oil 29 00 Scurry Rain 19.25 Seibens 14.00 Spooner .30 Total Pete 5.80 Ulster 1 31 United Canso 18.75 West Pete 5 West Decalta 6.45 MISCELLANEOUS INDUSTRIES Acres Ltd 10.50 Aquitaine BC Sugar A Pfd 13.25 Block Bros 3.40 Cdn Pac Inv A Pfd 30.50 Com Cap Corp 2.40 Carlmg O'Keefe A Pfd Carling O'Keefe B Pfd 28.75 Crestbrook Ind 8 00 Crowsnest Ind Falcon Copper F and M Trust 4.55 Genstar 15.25 Global Com Unit 41.50 Home A Home B 45 00 Hud Bay Co Hud Bay Oil 45.00 Hud Bay A Pfd 51.00 Hugh Russell 46.00 Husky Oil 19.00 Husky B Pfd 41 50 Husky D War 5 95 Husky E War 8.35 Hys of Canada 3.00 Inter Prov Pipe 6.25 Inter Prov Steel 13.00 Kaiser Res 4.00 Loblaw C Pfd 27.00 Magnasonics Jo.00 Pacific Pete 32.37'A Pac West Air 7.25 Pe-Ben Oilfield Ser 6.50 Rainier Inc Royal Trust Sandwell Teledyne Trlmac West Cdn Seed Westfield Mln Weston A Pfd White Yukon 26.00 4.50 4.25 7.00 4.50 1.05 60.00 8.50 PIPE LINE STOCKS Alta Gas A Alta Gas Pfd 69.25 Alta Nat Gas 18.50 Inland Nat Gas 9.00 Gaz Metro 5.00 Gaz Metro A Pfd N and C Gas N and C B Pfd 21.25 Pacific Trans Trans Can Pipe 31.75 Trans Can A Pfd 58 Tr Can B Pfd 39.00 Tr Can Pipe War 4.50 WC Trans 21.00 WC Trans Wts 3.40 CALGARY Acroll .50 Barons Oils N Continent West Warner 33 VANCOUVER MINES Atlas Explor .28 Bath Norse 76 Dankoe 2.10 Davenport .30 Dolly Varden .18 Equitonal Res .11 Lornex 8.55 Primer .11 Pyramid 12 Silv Stand 1.23 Valley Copper 2.80 INDUSTRIALS Colum Brew 8.40 Key Indust .15 Wardair 1 65 OILS Plains Pete 21 Pond Explor .65 Stamp Intl Res 67 MUTUAL FUNDS All Cdn Compound 634 689 All Cdn Dividend 6.66 7.24 All Cdn Ventures 3.28 3.57 Amer Grow F 5.00 5.49 AGF Special 2 51 Cdn Investment F 4 81 5 27 Collect Mutual 516 567 Com Inter 13.10 14.40 Com Leverage 3.12 3.42 Com Venture 555 6.10 Corp Investors 6 04 6.64 Corp Invest S F 4 81 5 29 Dreyfus Fund US 10 16 11.13 Grt Pacific 4.44 4.85 Grpd Income 2 96 3.26 Grow Equity 6 79 7 46 Invest Grow F 11 57 1264 Invest Mutual 5 57 6.09 Mut Accum 5.72 6.29 Mut Grow F 3.07 3.37 Nat Resources 4.62 5 08 NW Cdn 501 5.51 NW Growth 4 35 4 78 Prm Grow 4 22 4.64 Royfund 6.47 6.74 Temple Grow 7.15 7.84 Unit Accum 458 '5.03 Univer Savings 7 58 8 34 Univest 5 90 6.48 Vanguard 5.70 6.05 Toronto industrials by Richardson Securities of nninca Acme Advocate Asb Akaltcho Bralorne Bovls Brunswick Can NW Lend Canada Tung Casslar Central Pat Chlmo Conwest Cons Rambler Coin Lake Dlckenson Mines Denlson Mines D'Eldona Dome Mines Discovery Mines East Malartlc East Sullivan Falconbridge Frobex Granduc Hollmger Hud Bay M S Hydra Ex Iron Bay Joliet Quebec Kerr Addlson Key Anacon Labrador Lake Sho.-s Langls Silver Madsen R L Malartlc G F Martin McNeely Maclntyre Meta Mldrlm Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev Pax Exp Quebec Man Rayrock Radlore RIO Algom Roman Corp Sherritl Gordon Steep Rock Tek Corp Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Wlllroy Windfall Yellowknlfe Bear Zenmac INDUSTRIALS Abitlbl Alcan Algoma Steel Atco Ind Bell Tel Brazilian Trac BCTel Burns 1.25 1.16 1.40 .39 14.00 1 80 5.10 6.75 2.65 9.80 .60 .91 3.65 2.51 .65 6.35 3.20 46.00 .33 137.00 .85 4.25 se'.so 21 .51 9.75 3.35 42.00 2450 .25 3.65 .26 40.50 2.65 .04 1.35 .80 46.75 .13 8.40 .24 4.40 .28 21.00 1.17 .95 .24 31.75 11.50 1.70 3.00 .18 276 2.70 .95 1.03 .10 4.55 11.00 19.00 40 51.50 14.00 BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Carling O'Keefe Cdn Cellulose Cal Power Coron Credit CWN Gas Pfd Cdn Indus Cdn Marconi Ctin Vickers Chrysler CPR Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors 18.25 19.00 13.50 370 4.75 22.50 2.25 10.00 1700 3 15 14.25 15.75 32.00 25.00 1550 41.00 36.00 8.50 12.00 Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Huron Erie imperial Oil Imasca Int Nickel Int Pipe inv Grp A IU Intern'l Indust Accept Kaps Kelly Doug A Laurentide Loeb Loblaw A Metropolitan Mass Ferguson McMH Bleed 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 Westons Woodwards A West Cdn Seed Zenith Elec Cdn Imperial Montreal Nova Scotia Royal Toronto-Dom BANKS 5.75 9.35 48.75 21.75 31.50 4.75 50.75 30.50 28.25 30.75 21.00 7.62 17.50 17.00 4.80 5.00 9.00 3.70 5.75 11.25 49.75 31.00 22.00 2200 1025 9.75 13.75 13.25 17.50 8.00 1075 12.25 42.25 14.50 14 31 75 1525 9.00 13.50 4.95 5.75 16.50 18.50 4.50 2.40 26.00 34.00 New York by Richardson Securities of Arm T a T Anaconda Beth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Mont Ward Sears Exxon Texas Gulf Texas Co WOOlworth 24.25 westingnouse Elec 29.00 U.S. Steel 32.00 16.00 Gen Tel Elec 24.25 39.25 TORONTO AVERAGES 150.00 20 Industrials 203.58 down 1.38 49.00 20 Golds 372.63 up 19.60 20.50 10 Base Metals 89.16 down 40 25.00 15 Western Oils 24504 down 1 87 Volume NEW YORK AVERAGES 83.00 20 industrials 807.58 down 3.14 89.25 20 Rails 171.11 down 1.08 29.00 15 Utilities 86.84 down .99 27.50 65 Slocks 253.93 down 1 44 11 1 Gold stocks pace market price rise TORONTO Gold issues rose sharply as the Toronto stock market moved higher in moderate mid-morn- ing trading today The gold index rose 13.4 to 366.43 and the industrial considered the major indicator ol market trends. .30 to 205.26 Base metals Tell .58 88.98 and western oils .92 to 245.99. Volume by 11 am. was 534.000 shares compared with 752.000 at the same time Wednesday. Declines outnumbered advances 159 111 with 164 issues unchanged construction and material and industrial mining stocks were among sectors of the market recording advances while real pjper and pipeline and trust loan issues were lower Canadian Tire A rose l'i to Alcan '2 to Texasgulf to and Shell to SIT'i Consumers Distributing fell 1'i to Andres Wines to i. Magnasonic Canada li to Mer- cantile Bank U to and Home Oil A Tara Exploration lost 'i to J12V Chemalloy 19 cents to 60 and Western Mines eight cents to 77 Among gold mining issues Dome Mines rose 8'h to Campbell Red Lake 1 't to and Pamour 10 cents to Ranger Oil was off 1 to and United Canso to Total Pete mirej.sed 10 cents to 85 MONTREAL in all .sectors but banks fell in light trading on the Montreal stock market today Combined volume on the Montreal and Canadian stock exchanges at 11 a m was 292.000 compared with 275.700 shares at the same time Papers fell 1 37 to 123.19. industrials 26 Lo 232 27 utilities .20 to and the composite 10 to 215 62 while banks rose 1 30 to 256 17 Winnipeg grain WINNIPEG Hax and rye prices worked higher in a good volume Irjde at mid-session todav on the Winnipeg Commodity Exchange. Rjpeieed remained relatively dropping Iractionallv m some Van- couver futures in an unsettled trade Odls nnd barlev were unchanged and active Wednesday's trading volume was 000 bushels ol I lax no oats 5 000 of barlex i.427.000 of rapeseed and 2 ol pncc.s Dec ti higher 10 BOB. I liighvi 1020 July and Ocl nol open Kdpeseed Vancouver Jan 1 lower March unchanged 047A. June .t'i lowei H39'i Sepl 1 lower b 32A Hapeseed Thunder Bay Dec un- changed 6 04B May unchanged b 15B Juh unchanged 5 91'jB. Ocl uncliang cd 5 75B Oats Dei not open. MJV unchanged I JuK unchanged I Barlev Dec. not open MJV un- changed 2 45'M. July nol open Dec higher 3 Mav 3 highci 30 July 4' i higher 3 19 Grain quotes Wcdncsddav basi- Uikchead High Low Close Flax Dec 1074 MJJ 1019 1011 1019 .Jlv' 1002 Ocl 900 Rapeseed Vancouver Jan 658 658 Mar 653 640 647 Jun 645 643 Sep 633 Rapeseed Thunder Bay Dec 604 594 604 Mav 615 615 591 'j Ocl 575 Oats Dec 155 156 147'j Barley Dec 246'i Jlj 230 Rye Dec 32.1' i 315' i .118 Mav 335 327 Jlv 323'- 313 i 315'j Currencies MONTREAL Thursday's mid-day foreign exchange nominal selling rates supplied by the bank of Montreal Australia dollar 1 50 China renminbi 5075 Denmark kroner 1660 France franc financial .2185 Germany mark .3840 Italy lira commercial .001680 Japan yen .OSSSiO Mexico peso .0810 Switzerland franc 3180 United States dollar 1 0030 United Kingdom pound 2.34 U.S.S R. ruble 1.4039 Quotations in Canadian funds. Mountain Pipe Line Co to Westcoast Transmission i to and Powei Corp i to i w Dominion rose 's to S34 On the Canadian Sloc Cuvier Mines rose 29 cents to 59 on a volume of 23.600 shares. down in moderate trading at the close ul ihp Vancouver Stock Exchange Wednesday. Final volume was 2.463.- 790 shares in indUbtridis. ED al .21 yn a turnover of 5.500 shares Hlock Brothers dropped .10 at 40 on Mercuru was at 46 on 3.- 000 share.1-. Capla'n International was down 04 al 61 o.i 3000 shares Com- puli ex was at 40 and Speculalnrs Fund al SI In the mines. Cutlass was up 07 al S2 42 on 226.400 shares Norlhdir was up IS at 76 on 217.500 shares Barrier Heef up .05 at on 85.600 slures Silver Standard down 10 al SI 21 on 30.100 shares Mdkaoo wras at .0712 and Cop Ex Mining was at 46' i In the August Pe 70 trading 38.112 shares Chapparall was unchanged at O8'i on 21.000 shares Seneca Developments was up 03 at SI 10 on 18.100 shares Galveston was unchanged at SI 25 on 3.800 shares. Stampede was at 67 and was at 24 NEW YORK Slock prices opened then turned lower nearer noon todav as a small technical rallv was overcome anahsls said. At noon. Ihe Dow Jones average of 30 industrials was down 61 at 810 12 It had been up more than 5 points earlier Declining NYSE issues overcame ad- vances with a narrow bul grovung margin 598 to 574 al noon Investors do nol realize the devastating effect the energy crisis will have on the economy in general and corporate earnings in particular said Lucien Hooper of E F Hutlonand Co The Canadian government had an- nounced its intention to take over large amounts of land for oil development. Canadian issues on Ihe New York ex- change were higher Mclnlyre was up- 2' 2 at Dome Mines Vi to and International Nickel 'i to S31. Al- can to and Canadian Pacific lo S16's. Distillers Seagrams was down to S417h. Hudson Bay LJ to and Massev Ferguson lo S19 Thursday 9 Exchange. Trans to o and e Toronto-Exchange. 59 on a rices were t the close Exchange vas 2.463.-E dew. .01 shares it S3 40 on t 46 on 3.-lonal was res Com-tnrs Fund up 07 al ihdir was s Barrier on 85.600 down 10 Mdkaoo nd Cop Ex um was at 1973 THE LETHBRIDQC HERALD Stock Eiclaife November 1973 _ _ ts was A 1 100 AII indexes down The industrial index on the Montreal Stock Ex- change finished the month of November at 238.39. a drop of 30.49. Utilities finished the month at 140.25- from 149.14 and banks fell 25.20 to finish the month at 266.48. Papers closed the month at 130.38 from a drop of 28.12. Metals LONDON lAPi Closing metals bid-ask in sterling a metric ton silver in pence a ounce 1.018-1.030 futures 867- Tm-spol 2.610-2 620 futures 2 510- 2.515 Lcad-spol 254-255 futures 255 5-256 720-7TO. lulures 659-660 Silvcr-131 8. 3 months 136-136 1 Dollar value MONTREAL U S dollar in lerms of Canadian funds al noon was down 3-50 al 99 24-25 Pound sterling was up 1-100 al 31 71- 100 In New the Canadian dollar was up 3-50 al 00 1-25 Pound sterling was up 1-20 at 2 31 4-5 Hog prices Livestock Calgary CALGARY Receipts to a.m. Thursday from the Calgary public stockyards totalled 650 mostly slaughter cattle. Trade was active Slaughter steers sold steady with odd sales to 40 Heifers were steady Cows sold fully steady Bulls were steady. 44.50-4580. A3. 42-44. A2 40.25-41.50 39-40. 37-38.50. D2- 32 50-33 80 D3- 31-32 25. D4- 23-30 50 good- 39-42 Replacement cattle were practically all shortkeep steers weighing 850-950 selling steady. There were no good stock calves on offer. Good feeder steers more than 850 Gold futures WINNIPEG Gold prices S funds. V-iniupeg Commodity c hange .Ian 74 105 90B. Apr 74 110.00. 74 112 75A. Oct74 115 60B. Jan 75 11820. Tuesday's volume- 62 contracts EDMONTON Average prices to 11 a.m Thursday provided by the Alberta Hog Producers Marketing Board with Wednesday's average in brackets. Nil Red Deer 51.65 Calgary 51 60 Nil Nil Grande Nil Total hogs sold Wednesday average 52.17. Sows average 37 00 Dividends Dividends ate quarterly unless otherwise noted. Aiuir.isiiin .Co. .of .Canada tour per cent first pfd 25 cents March I. record Feb 1 Canadian Corporate Management class A. 25 cents an increase of live cents Class an increase of both payable .Ijn 15. record Dec 31 Canadian .Manoir .Industries lour an increase of one Dec 28. record Dec. 19 Standard Broadcasting 10 cents. .Ian record Dec 21 Earnings By THE CANADIAN PRESS Crush International year ended Oct. 31 1973. 76 cents a share 1972 634 000. 63 cents Federal Industries three months- Qct 22 renls a share nine cents Markel Financial Holdings nine months ended Sepl 30. 1973. hh cents -A share 1972. 78 i ents Niagara Structural Steel Co. ended Aug 31 profit. 50 cents a share. 1972 000 loss. 65 cents FRIDAY Is Seafood Day at The Lethbrldge CREAMY BOSTON-STYLE CLAM CHOWDER Succulent Chunks ol Cod Breaded and deep O 1 fl fried to perfection I V DOZEN PLUMP CHOICE SHRIMP Butterflied breaded and deep n fried A. Vz DOZEN PLUMP CHOICE OYSTERS With crisp breaded n coating dt. SEAFOOD COMBHUTIOH PLATE with deep fried Shrimp and oysters SEAFOOD DINNERS served with chowder trench fries cole slaw and our own special Seafood Sauce of course. the tovcrige ol your li Included. Open till 10 p.m. LETHBRIDGE HOTEL RESTAURANT Corner of 2nd Ave. and 5th St. S. 329-4644 Chicago markets CHICAGO Grain quotations Wednesday Wheat- Dec Mar May 5 Jul 4 Sep 4 41 Corn- Dec Mar May 2 Jul 2 Sep Dec. Mar Oats. Dec Mar May 1 Jul Sep 1.39. Beef futures WINNIPEG Live beef lutures close Wednesdav. .I.m 4h 75B. Mar 49.10B. May 50 SOB. .llv 50 5513 ax s volume Eight contracts roccssng OC 1003 4th Avenue Lethbridge Telephone 328-4426 recessing services Green Island White ft even sounds refreshing. GREEN ISLAND WHITE RUM BLANC A blend of tfujinesl Canadian and Imported While Rums Melange dc rhvms blancs canadirm it imporitj dt la meilleure aualile' tin vol. INTERNATIONAL DfSTII.l.KRS or CANADA l.FrilRRinr-F AIRFR1A Now available throughout Alberta. ;