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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 16, 1974, Lethbridge, Alberta Monday, December 16, 1974 THE LETHBRIDGt HERALD 23 The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS AND MINES Alton 2 40 Alminex 4 30 Alta East Gas 4 35 Asamera 7 00 Ashland Oil 600 BP Canada 8 75 Brenda Mines f 2 50 Ccta South 1 80 Cdn Ex Gas 1 90 Cdn Homestead 2 45 Cdn Ind Gas Oil 5 12'z Cdn Lona Is 09 Cdn Super 22 25 Chieftan Dev 4 60 Dome Pe'e 17 50 Dynasty 6 00 Nufort Res 10 Giant Mascot 43 Gibraltar 4 20 Granisle 11 ?5 Gt Cdn Oil S 4 90 Lochiel Ex 85 Lylton Mm 1 00 North Cdn Oil 2 90 Nurridc CM! 1012'? Pancdn Pete 8 00 Pan Ocean 6 50 Petrol 1 12 Paloma 70 Place Gas 16' 2 Ponder 46 Ranger Oil 14 75 Scurry Ram 1225 Seibens 562'? Spoonp' 13 Total Pete 4 05 Ulster Pete 39 United Canso 7 00 West Pete 2 40 West Decalta 305 MISCELLANEOUS INDUSTRIES Acres Ltd 4 85 Aqtutaine 1387'z BC Sugar C Ptd 11 50 Bros 330 Cdtibn Foods 240 Odn Pac Inv A PId 23 75 Cdn Pac Inv 11 87 v? Carling O Keete A Ptd 1562'. Carlinq O Keefe B Pfd 17 25 Comm Cjp Corp 1 40 Crestbrook Ind 2 30 Crowsnest Ind 1637'? Falcon Copper 600 F S, M Trust 4 00 Genstar 14 75 Home Oil A 1P 50 Home Oil 8 1800 Hud Co II 37'2 Hud Bav Ol 18 50 Hud Oil A Pfd 2775 Hugh Russell C PId 4900 Husky Oil 11 62 Husky Oil B PId 3000 "osky Oil E Weir 3 70 Interprov Piue War 1 65 Intorprov Steel Pips 1075 Kaiser RPS 4 25 Kaiser Res War 1 73 Loblaw Co C Pfd 21 50 Maunasonics 95 Pacitc Pete 1437 z Pe-Ben Oilfield Serv Royal Trust Sandwell Teledyne Traders Grp Pfd Tnmac Westtield Mm Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gas Metro A Pfd Inland Nat Gas N C Gas N C Gas B Pfd Trans-Cda Pipe Trans-Cda Pipe A Pfd Trans-Cda Pipe B Pfd Trans-Cda War Westcoast Trans WC Trans War CALGARY Acroll Barons Oil N Continental Western Warner VANCOUVER MINES Bathurst Norsemmes Cima Resources Dankoe Davenport Lornex Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key industries Wardair OILS August Petroleum Plains Pete Stampede Int I 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 I Venture Corp Investors Corp Invest Stock Fund Dreyfus Fund U S Grouped In Shares Growth Equity Invest Growth Fund Investors Mutual Mutual Accumulating Nat Resources N W Cdn N W Growth Principal Growth Royfund Templeton Growth United Accum Universal Savings Vanguard 205 21 00 360 360 350 35 4500 5 62 Vi 9 5350 1450 495 5000 7 37 800 1600 900 5000 2800 45 18 37 Vi 1 65 26 04 01 11 80 35 200 58 400 1 71 09 05 88 375 07 1 35 10 08 52 480 489 200 353 1 75 365 1085 234 408 468 349 794 705 4 47 895 432 477 336 386 322 296 505 608 335 605 358 o mines, industrials I Supplied by Richardson Securities ot Canada) MINES Acme 06 Advocate Asb 1 00 Akaitcho 1 60 Bralorne 1 30 Broulan 31 Bethlehem 900 Bovis 85 Buinswick 360 Can NW Land 2 27 Canada Tung 240 Cassiar 2 80 Central Pat 70 Chimo 78 Conwest 2 05 Cons Rambler 1 52 Com Lake 13 Cochenour 98 Craigmont 3 05 Dickenson Mines 7 50 Denison Mines 35 25 DEIdona 21 Dome Minos 44 75 Discnveiy Mines 210 East Malartic 325 East Sullivan 1 43 Falconbridge ?3 25 10 First Maritirnes 35 Giant Y K 1050 Granduc 85 Hollmger A 2250 Hudson Bay A 1300 Hydra Ex 50 Iron Bay 3 90 Iso 61 Joliet Quebec 16'2 Kerr Addison 9 25 Key Anacon 17 Labrador 2250 Lake Shore 365 Madsen R L 46 Malartic G F 97 Marttn McNeely 25 Maclntyre 3012' Meta 08 Midrim 07 Intern Mogul 1 95 NuWest Momes 4 75 New Athona 18 New Cnlumpt 11 Noranda 28 75 Northgate 2 75 Norlex 15 Pine Pom' 2" Placer Dev 1450 Pax Exp 1 01 Quebec Man 14 Rayrock 77 Radiore IG Rio Algom 2075 Roman Corp 8 50 Sherntt Gordon 4 55 Sleep Rock 83 Sunnmgdale 300 Tek Corp A 1 90 Texmont 16 United Canso 7 25 Western Mines 1 75 WH Copper Mines 1 35 Wright Hargreaves 1 35 Wilfroy 1 52 Windfall 08''! Yellowkmfe Bear 1 60 Zenmac 05 INDUSTRIALS Abitibi 912'- Alfcan 1850 Algoma Steel 23 50 Atco Ind 1050 Agra Ind 4 30 Belli el 4437'? Brascan A 962'? BC Te' 46 75 Burns 7 62Vz BC Forest 1050 BC Sugar 1900 Bow Valley Ind 1000 Cable CAE Ind 7 00 Cal Power 20 50 Canbra Foods 2 30 Can Cellulose 3 85 Carling O Keefe 1 92 Chemcell 3 20 Coron Credit 1 55 CWN Gas Pfd 8 Cdn Ind 1650 Cdn Marconi 2 70 Cdn Vickers 1200 Chrysler 8 12'z CPR 1312'; Commco 22 Cons Bathurst 2362'? Cons Gas 1425 Dist Seagrams 31 00 Dom Bridge 1700 Domtar 1950 Dom Textile 6 75 Dorn Stores 15 12'? Dome Pete 17 75 Dofasco 2012V? Glen Mobile 1 56 Grt Cdn Oil 4 90 Gen Motors 31 50 Grt Lakes Paper 1500 Gulf Oil 2275 Greyhound 11 62'? Hawker Sid 400 Hiram Walker A 3500 Huron Erie 24 12V? Imperial Oil A 2237'A Imasca A 2325 Int Nickel Int Pipe 1062'z Inv Grp A 525 IU Int I 900 IAC Ltd 1750 Jannock 5 00 Kaps 1 27 Kel Douglas 4 50 Laurent'de 6 25 Loeb 2 05 I oblaw A 4 95 Metropolitan 1075 Massey Ferg 12 75 McMill Bloed 2275 Moore Corp 40 50 Molsons A 1275 Molsons B 1300 Nachurs 662'? North Cent 787'z Peyto 2 30 Power Corp 812': Price Co 1300 Rothmans 925 Shell CDA 11 87'? Simpsons 587'i Simp Sears 8 87V? Steel Can A 23 62'2 Selkirk A 1050 Texaco 25 25 Trad Grp A 1037V; Trans Mtn Pipe 8 75 Trans Can Pipe 9 00 Union Carbide 14 00 Union Gas 7 12'2 Union Oil 8 00 United Siscoe 2 15 Versatile Mfg 4 90 Westeel 19 75 Westons Woodwards A 1675 BANKS Can Imperial 20 50 Montreal 11 Nova Scotia 34 50 Royal 25 00 Tor Dom 31 00 Prices on TSE decline slightly TORONTO (CP) Prices on the Toronto stock market were fractionally lower in moderate mid-morning trading Monday. The industrial index, wide- ly-based indicator of market trend, was off .25 to 153.46 and western oils .85 to 118.16. Golds rose 12.9 to 379.01 and base metals .47 to 56.99. Sifton Properties fell to Inco A Vz to Bow Valley to Labatt A 'A to and Interprovincial Pipe Line to Slater-Walker rose Vi to Toronto Dominion Bank to Western Broad- casting A V4 to Walker- Gooderham A to and Abitibi to Placer was up to Kerr Addison A 'A to and Pamour to Western Mines lost 30 cents to and Roman to Great Canadian Oil Sands slipped Vz to and Western Decalta five cents to United Canso gained to Market trends MONTREAL (CP) Prices were lower in light trading on the Montreal Stock Exchange Monday Utilities fell 0 27 to 119 33, the com- posite 0 08 to 153 48 and industrials 0 04 to 155 58 while papers rose 0 30 to 99 52 and banks 0 08 to 202 55 Massev Ferguson fell 'A to Bank of Montreal to Canadian Pacific to and International Nickel A to Walker A rose to and Distillers Corp Sea grams to Among speculative issues, Bison Petroleums rose 50 cents to 75 after trading 14.700 shares VANCOUVER (CP) Prices were down in moderate trading on the Van- couver Stock Exchange today Early volume was 519 810 shares In the industrials, lonarc was down 01 at 20 In the mines, Charta was up 01 Vz at 15Vz In the oils, Freehold was un- changed at 35 Curb volume was Tapin was up 11 at 35 NEW YORK (AP) Stocks remain- ed in a trendless state Monday The Dow Jones average at noon was off 70 at 592 07, as advances held a narrow 569-to-520 lead over declines on the New York stock exchange Trading was moderate following an early ses- sion burst On the American Stock Exchange, the market-value index at noon was off 12 at 59 99 Viking General, down "s to was the most active stock The NYSE broad based index of all its listed common stocks dropped 05 to 3534 Among Canadian issues on the NYSE. Dome Mines was up to Campbell Red Lake 1J4 to and Massey Ferguson 38 to Hudson Bay fell 'z to and Inter- national while Cana dian Pacific remained unchanged at Winnipeg grain WINNIPEG (CP) Oilseeds posted substantial gains through mid session Monday in moderate activity on the Winnipeg Comrnotiy exchange Although flax was up as much as 26 cents a bushel, barlev, feed wheat, oats and rve moved only marginally in either direction Friday's volume of trade was bushels of flax. of oats 000 of barley. of rye. of flax 1 of rapeseed and nil of corn Mid session prices Thunder Bay rapeseed Dec seven higher 8 30A May 7'A higher 8 44'zB. July unchanged 8 20B Oct unchanged 784B Vancouver rapeseed Jan 9V2 higher 869, Mar lOVz June 11 higher 8 45B, Sept 5% higher 8 ISVzB Flax Dec 26 higher 10 76B, May 20 higher 10 70 July five higher 10 25B, Oct inactive Feed wheat Dec one higher 3 90A. May 9V4 higher 3 July and Oct inactive Corn Dec unchanged 3 90B, Mar unchanged 3 May and July mac- tive Barley Dec unchanged 293VzA. May Vt lower 2 July unchanged 295A Oats Dec one higher 1 94A May Vz higher 1 87V2 July one lower 1 83A Rye Dec one lower 293 VzB, May unchanged 3 08B. July V2 lower 3 04V2, Oct inactive Livestock Calgary CALGARY (CP) Receipts to 11 a m Monday from the Calgary public totalled about 450 head mostly slaughter cows with a few feeder cattle and calves. slaughter heifers or steers were sold to 11 a m There was a good local demand on other grades with active trading on cows which sold 50 cents higher with sales to 23 10 C ow> Dl 2 21 to 23 D3 18 to 21 D4 14 to 18 There were too few feeder cattle told to establish a market Hogs base price 52 95 to b3 Fort Macleod FORT MACLEOD On offer by Fort Macleod Auction Market last week were 1 561 head of cattle There were 873 head of cattle sold at the regular Tuesday sale Fat steers were easier than last week heifers remained fully steady Cows were up to on all classes All classes of stockers and feeders met with good demand SLAUGHTER CLASSES Al and A2 steers 47 50 to 48 80, Al and A2 heifers 41 to 42 25, Dl and D2 tows 23 to 26, D3 cows 19 to 22, D4 cows 14 to 18, good bologna bulls 18 to 20 STOCKERS AND FEEDERS Good yearling grass steers 700 to 900 pounds 42 to 46 good yearling grass heifers 675 to 800 pounds 34 to 38 Light kinds of both steers and heifers sold approximately 00 C W T less than these prices Good stock cows bred Charolais and Sirnmental sold for to each On Wednesday the Special Stock Cow and Bred Heifers Bred Exotic featured 361 head Top quality bred heifers ?350 to good cows to Bulk of the support on the bred heifers came from packer orders with only one third of the cattle sold going as replacements With the quality of cattle that were on offer it seemed rather tragic that these cattle were slaughtered There were 350 head of calves sold Thursday Top quality steer calves 400 to 575 pounds 40 to 44 20 top quality heifer calves 400 to 525 pounds 28 to 32 Extreme pressure on medium and plain quality calves saw prices to under above quotes Straight black calves also under pressure C ran brook CRANBROOK. BC The final Community Auctions Sales Ltd co- operative Cranbrook Sales Point event last week sold 204 head of mixed cattle at a total of 81 It brought tallies apparently, pending final check, of return from 1974 sales of head to plunging from 1973's tally of 6 plus for only a slightly higher volume Best buyer value was fat cows ready for slaughter at 18 to 21 cents a pound, many individually bought for slaughter and butchering here for deep freezes Highest price" were for the handful of good heavy yearling steers up to 42 cents Good heavy steer calves sold 37 5 to 40 cents lighter 34 to 38, good heavy heifers 29 5 to 33. and good lighter heifers 26 to 29 Yearling heifers went at 31 to 33 5 light feeder cows 21 to 23, and baloney bulls 14 to 16 cents Hog prices EDMONTON (CP) Prices to 11 a m Monday provided by the Alberta Hog Producers Marketing Board Fndav s prices in brackets Edmonton 52 90 (54 57) Calgary 5295 (5356) v Red Deer 5290 (5357) Hogs sold to 11 a m 1 008 Hogs sold Friday 2.331. Average 5400 Sows average 31.00 Unemployment Labor Force Mid-November Seasonally Adjusted 5.5% Actual 5.1% 600 Out of Work 493.OOO 400 Thousand Workers 2001 Mil I I I I I I I I I I I J FMAMJ JASOND 4% or Labor Force Unemployment increases Unemployment in Canada rose once more in November, primarily because of a drop in full-time employment of women, Statistics Canada reports. The Nov- ember rate was 5.5 per cent on a seasonally adjusted rate compared to 5.4 per cent in October. The actual unemployment counting those with seasonal or 5.1 per cent of the in the labor force. (CP Newsmap) No agreement reached in sugar price talks Coffee price may rise PUERTO ORDAZ, Venezuela (AP) The five Central American countries and Panama agreed Saturday to hold part of their coffee crops off the world market to try to drive up prices. Oil-rich Venezuela agreed to back the countries financially. A statement signed at the end of a two-day summit meeting here called for limiting the supply of coffee to obtain "just prices." The national leaders did not say how much will be withheld but said their finance ministers will meet in Guatemala Tues- day to work out ar- rangements. Unofficial sources said Venezuela, which expects to have oil revenues this year of billion, will provide about million to finance the scheme Coffee prices have been fall- ing on world commodity mar- kets in recent months. BRUSSELS (Reuter) Eu- ropean Common Market and Commonwealth sugar negotiators were unable to agree Sunday on pricing terms for the supply of 1.4 million metric tons of sugar a year to the community, main- ly Britain. The price mechanism is the key element in the proposed long-term sugar accord but the weekend negotiating ses- sion ended without a settlement. Common Market farm com- missioner Pierre Lardinois told reporters after the meeting that the Com- monwealth countries want a fixed price for the whole quan- tity, while the community is offering a minimum guaran- teed price But under the community proposal the Commonwealth producers would be able to negotiate higher prices with individual market importers so long as market conditions remained favorable, he said Informed sources said the price sought by the Com- Auto production cost leveling off DETROIT (AP) General Motors says the cost of raw materials used in its automobiles is finally leveling off An indicator of material costs rose 42 per cent between August, 1973, and August, 1974, but it has hardly risen at all in the last three months, said GM Chairman Thomas Murphy Murphy said he believes in- flation has been tamed "I don't mean that it will suddenly go down to zero, but it is coming down, and it will continue to come down. I think that is going to give peo- ple some assurance that will bring them back into a buying frame of mind." GM, the largest United States automobile manufac- turer, has a heavy 80-day supply of cars on hand, and Murphy said that a price rollback was possible to draw more customers into the showrooms. "We are not going to overlook any possibility that might stimulate the he said Rising materials costs, along with higher wages, have caused prices of U.S. autos to jump an average of about 000 since August, 1973 Prices are one of the key factors in the current sales slump. SCHOLARLY STEVEDORES LONDON (CP) Free Latin lessons for retired dockers are offered by the principal of a fee-paying school recently opened in east London. School head Phyllis Wallbank says older persons can take lessons free provided they teach the children, many of whowi are handicapped, about life in earlier decades. monwealth producers for the duration of the agreement is based on a figure of about to a metric ton for raw sugar The community offer was a ton The Brussels negotiations have been complicated by the fact that the Commonwealth countries are also dealing separately with the British government over special terms for 1975, which is ex- pected to be a year of con- siderable sugar shortage The Common Market has given Britain the opportunity of negotiating higher prices than the rest of the communi- ty in order to secure its short- term supplies Any price agreed between the Com- monwealth producers and Bri- tain would have an impact on their negotiations with the community ANNOUNCEMENT LINDA MAXWELL Mr Dan Neufeld, Sales Manager of Astro Realty Ltd is pleased to an- nounce that Linda has joined the friendly staff of Astro. Whether you are buying or selling real estate, give Linda a call at 329-4224 or 328-7748 She will be happy to as- sist you ASTRO REALTY INSURANCE LTD. Phone 328-7748 Westminster Mall 100 000 LIFE INSURANCE I W W p W W (initiilAmount) Level Term Option (20 Year decreaung Convertible Term Insurance) ANNUAL PREMIUMS Age 20-155.00 Age 35-228-00 Age 25-160.00 Age 40-321.00 Age 30-167.00 Age 45-475.00 KEN BELSHER OCCIDENTAL LIFE of California 439A HOLIDAY VILLAGE Phone 328-0944; 328-0994 New York (Supplied by Richardson Securities of Canada) Amr T T 43 75 Woolworth 8 25 Anaconda Westmghouse Elec 850 Beth Steel 24 67 Vt U S Steel 37 00 Chrysler 825 Gen Tel Elec 1637V? Comsat 28 62W TORONTO AVERAGbS Dupont 8750 20 Industrials 153 61 down 10 General Motors 20 Golds 378 68 up 12 60 Gulf 1725 10 Base Metals 5638 down 14 Inl Harvester 1875 IS Western Oils 11909 up 08 Kenn Copper 3600 Volume Montgomery Ward 14 12V; NEW YORK AVERAGES Soars 20 Industrials 592 07 down 70 Exxon 6225 20 Rails 13923 up 04 Texas Gulf 2737VJ 15 Utilities 67 86 down 03 Texas Co 2200 65 Stocks 193 24 down 12 Wix Coiporation 850 Volume Have You Considered the Profitability and Efficiencies of the NEW RICHFIELD CENTRE? These Progressive Companies Have! Woodwards Scott National Paper Transmission Supplies Ltd. Pitney-Bowes Ltd. Dustbane Products SPACE Is Still Available! Phone 328-1705 Lethbridge or 253-7155 Calgary (24 Hours) ;