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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 17, 1974, Lethbridge, Alberta 24 THE LETHBRIDGE HERALD Tuesday, December 17, 1974 TSE gold stocks up; others drop TORONTO (CP) Gold shares on the Toronto stock market continued to gain strongly in response to higher bullion prices, but other prices were lower in moderate midmorning trading Tuesday. The gold index was up to 403.42 after gaining almost 16 points Monday. .Base metals edged up .04 to 55.67. The industrial index, wide- lybased indicator of market trend, was off .38 to 152.59 and western oils 1.40 to 114.97. Among gold shares, Dome up 3% to Camflo to Dickenson to and Pamour Vz to In industrials, Westeel- Rosco lost 1V2 to Home Oil A to Noranda A Vz to Imperial Oil A to and Abitibi to Molson A rose to Nowsco Well V4 to and Canadian Imperial Bank to Cassiar was down 20 cents to Pango 10 cents to 85 cents and Gibraltar five cents to Ranger dropped to and Pan Ocean Vi to Nu- mac increased to The Herald Business Swiss money market action Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited Market trends MONTREAL (CP) Prices were generally lower in light trading on the Montreal Stock Exchange Tuesday. Utilities fell 0.80 to 118.73, in- dustrials 0.73 to 154.52, the composite 0.65 to 152 54 and papers 0.45 to 99.62 while banks rose 0.15 to 201.86. Union Carbide fell to Noranda Mines A to Banque Provinciale du Canada to and Imperial Oil A to S22V to Chicago markets CHICAGO (AP) Most of the ma- jar commodity futures trended lower on major United States exchanges Monday There were some limit declines caused mainly by an underlying concern about the U.S. economy, usage of world commodities, declining prices and problems of international currencies. Sugar futures fell again in New York, reflecting concern that con- sumers might cut short purchases. Copper prices also trended lower as in- dustrial usuage again showed a drop. Cotton fell some 50 points. Corn futures fell the limit of 10 cents a bushel in one contract, but others were down almost as much. Wheat and soybeans fell about 13 cents a bushel and oats were 4 cents lower. Commodities on the Mercantile Ex- change also fell back as grains gave away late in the session. Live cattle futures closed down 95 cents as did live hogs. Pork bellies lost 70 points and shell eggs dropped 50 points. At the close on the board of trade. soybeans were 8VZ to 13 cents a bushel lower. Jan. 7.45; Chicago wheat was 7 to lower, Dec. 4.55; corn was to 10 lower. Dec. 3.53; and oats were unchanged at 4 lower, Dec. 1.83Vz. Grain quotations Monday: Wheat: Dec 4.55; Mar 4.67; May 4.66: Jul 4.27; Sep 4.39: Dec 4.42. Dec 3.53: Mar 3.58'.i: May Jul 3.55: Sep 3.35. Oats: Dec Mar 1.78; May 1.76; Jul 1.71; Sep 1.66; Dec 1.68. WESTERN Co C AND Afton Albany O.lfield Alta East Vi BP Brenda Cda A Cdn Ex Cdn Cdn Ind Gas Gas Trk Cdn Long Gas Trk Cdn Nat Chieftan Dome Metro A Nat Nufort C Giant C Gas B Gibraltar A Gt Cdn Oil B Lochiel Lytton North Cdn Trans Numac Pancdn Pan Place Ranger Scurry Total Ulster United West West Acres BC Sugar C Cdn. Block Cdn Canbra Cdn Cdn Pac Inv A Growth Cdn Pacific Carling O'Keefe A Invest Carling O'Keefe B Com Cap Crestbrook Int'l Crowsnest Falcon Invest Stock F M Trust Fund In Home Oil Home Oil Growth Hud Bay Hud Bay Hud Bay Oil A Hugh Husky 37' Husky Oil B Husky Oil E Interprov Pipe Interprov Kaiser Kaiser Res Toronto mines, industrials (Supplied by Richardson Securities of Winnipeg grain WINNIPEG tCPi Activity lapered off by mid session Tuesday on-lhe Winnipeg Commodity Ex- change, with prices continuing to show small losses The exception was rye, which was spread between one cent a bushel higher arid 10 lower. Mid session prices: Thunder Bay rapeseed- May un- changed 8 32. Dec July and Oc't not open Vancouver Rapeseed' Jan two lower 8 49'2B. Mar two lower June lower 8.31'2A. Sept. not open. Flax Dec unchanged 10.67B: May II) lower 1047A. July four lower 10 ISA. (Jet not npen. Feed wheat- Dec. :'i lower May one lower 3 78A: July and Oct. not open Beef futures WINNIPEG (CP) Live beef futures close Monday. .Ian OOA. Friday's volume- No contracts. Dollar value MONTREAL (CP> U.S. dollar in terms of Canadian funds at noon Tues- day was up 3-50 at S0.98 22-25 Pound sterling was up II-25 at 22-25. In New York, the Canadian dollar was down .1-50 at SI.01 13-100. Pound sterling was up 1-10 at 3-10. Feed prices WINNIPEG (CP) Wheat Board domestic feed grain prices Monday.: 3CW red spring wheat No. 1 feed barley 2.92'z: No. I feed oats 1 93'4. Corn: Dec.. Mar.. May and July not open. Barley: Dec lower May two lower 2.93A; July two lower 2.91A. Oats: Dec. unchanged May one lower 1.85A; July not open. Rye. Dec. higher 2.93A; May "2 higher 307: July one higher 3.03A: Oct. B'-z lower 2.96A. Livestock Calgary Metals LONDON (API Monday closing metals in pound sterling jjer metric ton: silver in pence per troy ounce. Copper: Spot 538-539: futures 556- 556.5. Tin: Spot futures 3.050. Lead: Spot 229-229.5: futures 215.5- 216. CALGARY (CP) Receipts to 11 a.m Tuesday at the Calgary public stockyards totalled 1.175 head, mostly slaughter cows and steers with a few feeder cattle and stock calves Slaughter steers sold higher but met a narrow 'demand from local buyers. No slaughter heifers were on offer All classes of cows traded lower. Good bulls were higher with odd sales to Steers. Al. A2: 48-49.80. A3: 46-48. A4- 43-36 Cows. Dl. D2: 20-22. D3 17- 20 D4 13-17. Bulls, good: 20-23 There were insufficient feeder cattle and stork calves sold early to establish quotations. Hogs fob to 11 a m.- 51 85 Hog prices EDMONTON iCP) Prices to 11 a.m Tuesday provided by the Alberta Hog Producers Marketing Board. Mon- day's prices in brackets: Edmonton: 51.85 Calgary: 51 85 Lethbridge- Nil Fort Marleod- Nil (52.85) Hogs sold to 11 a.m 522. Hogs sold Monday. 8.682. average 53.09. Sows average 31.05 Gold futures WINNIPEG (CP) Gold futures. U.S. funds. Winnipeg Commodity Ex- change close Monday. 400-ounce contracts: Jan 75 184.60A; April 75 189.80B. July 75 194.50B; Oct 75 199.80A: Jan 76 204.50B. Friday's volume: 600 contracts. 100-ounce contracts: Feb 75 187.50: May 75 193.40; Aug 75 197.40B. Nov 75 201.50B; Feb 76 206.50B. Friday's volume: 247 contracts. MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritirnes Giant Y.K. Granduc Hollinger A Hudson Bay A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen Ft.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim Intern Mogul NuWest Homes Mew Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Sunningdale Tek Corp A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknife Bear Zenmac INDUSTRIALS Abitibi Alcan Algotna Steel Atco Ind Agra Ind Bell Tel Brascan A BC Tsl Forest Sugar Valley Ind Ind Power Foods Cellulose 2.16 O'Keefe Chemcell Credit Gas Pfd Ind Marconi Vickers Bathurst Gas .22 Seagrams Dom Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid .52 Walker A Erie Oil A A Nickel Pipe Grp A Int'l Ltd Douglas A A Ferg Bloed Corp A B Cent Corp Co CDA Sears Can A A Grp A Mtn Pipe Can Pipe Carbide Gas 08 Oil Siscoe Mfg A 18 37 Imperial 44 Scotia Tor Dom 7.50 10.25 19.25 9.75 9.75 7.00 20.75 2.35 3.80 1.77 3.15 1.55 8.25 16.25 2.55 12.00 7.75 13.12'xi 23.25 14.25 17.00 19.50 6.50 20.37-4 1.80 5.00 31.82V4 15.00 24.00 18.25 10.50 5.25 8.62V4 17.50 5.00 1.12 4.50 6.25 2.00 4.95 10.75 12.62V4 22.25 40.75 12.25 13.25 6.37V, 7.50 2.20 9.00 11.50 6.25 8.87V4 23.62 Vi 10.37% 25.50 10.50 8.50 13.75 7.00 8.00 2.20 5.12'xi 21.50 18.25 16.75 20.75 11.25 34.00 24.62% 31.00 IT PAYS TO LEASE _ Laaaing fraat your working capital Leasing rtlUble tranaportatlon at low coat. You juat ilgn a contract and pay ONE regular monthly fee. Your can Include maintenance, licence and Inauranca coverage. Contact tOftl! KOMISNINKOV, Laaalng and Ineurance Oapt. BENY CHEVROLET OLDSMOBILE LEASING AND INSURANCE DIVISION 2nd Ave. and 8th Street S.' Phone 328-1101 New York (Supplied bv Richardson Securities of Canada) NEW Amr. T Beth V, General Int Kenn Montgomery Texas Texas Wlx Woolworth Westinghouse Elec 8.25 U.S. Steel 36.75 Gen Tel Elec TORONTO AVERAGES 20 Industrials 152.78 down .19 20 Golds 401.66 up 19.60 10 Base Metals 55.26 down .37 15 Western Oils 114.02 down 2.35 Volume NEW YORK AVERAGES' 20 Industrials 590.26 up 3.44 20 Rails 139.12 up .81 15 Utilities 67.54 up .41 65 Stocks 192.71 up 1.13 Volume 7.570.000 Dollar sinks while gold price rises LONDON (AP) The dollar sank against major European currencies today as the price of gold soared. In Zurich, the dollar hit a new low against the Swiss franc. The action came after President Ford and French President Valery Giscard d'Estaing agreed in Martini- que that governments could adopt gold prices ranging more than an ounce rather than the official rate of 142.22 an ounce in inter- government trading. The decision was endorsed today by the European Common Market executive commission as a useful ele- Auto body shops given rate hike VANCOUVER (CP) The Insurance Corporation of British Columbia is increasing the amount it pays body shops for materials as well as for labor, an ICBC spokesman said Monday. Al Hunter, also confirmed that hourly rates would be increased to from for body shops. ICBC has been talking to individual body shops and proposed a six month contract from January to June, 1975, with negotiations after July. Materials allowances are also increased, said Mr. Hunter. Previously, body shop owners were paid an Work cutback BOISE, Idaho (AP) Boise Cascade Corp. said Monday it is shutting down many of its Pacific northwest wood products manufacturing plants because of a depressed market. President John B. Fery said the affected plants will begin holiday shutdowns starting Friday and extending through at least Jan. 1. Included will be at least five plants in Idaho, employing 800 persons. MATCHES SPRINTER The leatherback turtle is be- lieved capable of swimming as fast as an athlete sprinting the 100-yard dash. hour for materials in addition to the rate. The new rate will be but will be calculated only on hours of repair time but the old rate was on total time. On paint jobs, the rate has been increased to an hour from with no change in the basis of calculations. It means that on a paint job a shop will get a total of an hour under the new rate while under the old rate they were paid an hour. ment toward reorganizing the international monetary system. Freeing the value of govern- ment gold would more than quadruple the value of reserves in industrial countries hard hit by the rise in oil prices, and would great- ly enhance their credit position. A rise in gold prices usually pushes the dollar down. The American currency slipped back as the metal rose. In London, gold soared at the opening to an ounce from Monday's hectic trading. Later profit takers forced the price down and it was set at an ounce at the morning fix- ing. The dollar dropped to 2.3325 to the pound in London, down from Monday's 2.3310. In early trading in Zurich, the dollar was quoted at 2.5888 Swiss francs, a fraction below the previous low of 2.59 francs Nov. 18. Gold jumped over- night to an ounce from still below the high of also registered Nov. 18. In Frankfurt, the dollar bought 2.4375 West German marks compared with 2.4525 marks Monday. The dollar lost almost three centimes against the French franc, falling to 4.5150 francs from Monday's 4.5425 francs. The pound sterling dropped to 6.0331 from 6.08533 at Mon- day's close while the French franc slipped to 0.5709 from 0.5720. Lethbridge Co. opens office in Edmonton EDMONTON (CP) Oliver Industrial Supplies, a Lethbridge based agricultural and industrial supplier, has opened an office and warehouse here. The warehouse, which holds ?1 million worth of stock, is operated by a staff of 14 and specializes in a variety of supplies for agriculture and industry. The company also has branches in Calgary, Regina and Saskatoon. One-lime Carbon Sets ami Mi Gony Bunks Business Forms OUR-HIGH SPEED, ROU FED BUSINESS FORMS PRESS IS AT YOUR SERVICE IN LETHBRIDGE Attention Alberta Employers! New Regulations Governing The Employment of Young Persons 15 Years And Under The Age of 18 Years. Young persons employed between 9 p.m. and 12 midnight in business establishments such as service stations, grocery stores, food outlets, restaurants, motels and hotels MUST BE under the supervision of one or more adults. BUT, CANNOT BE EMPLOYED IN THESE BUSINESSES BETWEEN 12 MIDNIGHT AND 6 A.M. Young persons CAN BE EMPLOYED between 12 midnight and 6 a.m. in establishments such as hospitals, manufacturing plants, refineries, pulp mills and nursing homes. BUT, MUST BE SUPERVISED BY ONE OR MORE ADULTS AND HAVE THE WRITTEN PERMISSION OF THEIR PARENTS OR GUARDIAN FOR EMPLOYMENT. FOR FURTHER INFORMATION CALL 328-4471 xllbcrfa (MANPOWER LABOUR LABOUR STANDARDS BRANCH ;