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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 1, 1974, Lethbridge, Alberta TSE prices dip in active trade TORONTO (CP) Prices on the Toronto stock-market were moderately lower in active mid-morning trading today. The industrial index, consid- ered the main indicator of market trend, fell .72 to 214.26 and western oils .75 to 271.17. Golds rose 2.67 to 519.22 and base metals .53 to 104.85. Volume by 11 a.m. was 1.22 million shares, down from 1.59 million at the same time tThursday. Advances outnumbered de- clines 143 to 130 with 186 issues unchanged. Beverage, industrial mining, oil refining and general manufacturing sectors of the market were among those to decline while merchandising, paper and forest, trust and loan and con- struction and material groups gained. Texasgulf fell 1V4 to General Motors 1 to JSOVa, Im- perial Oil 7s to Alcan to and Canadian Corporate Management A Vz to Domtar rose to Magna International to Du Pont to Dominion Textile to and Hudson's Bay Oil and Gas to Denison Mines was up to United Canso to and Camflo to Dickenson Mines lost to and Placer to Ranger Canada was up to and Total Pete to United Canso slipped to and Skye to MONTREAL (CP) Prices in all sectors but papers fell in light trading on the Montreal Stock Exchange today Volume at a.m. was shares, compared with shares at the same time Thursday. Banks fell 1.61 to 272 62, industrials 1 20 to 240.12. the composite 1.00 to 224 15. and utilities 04 to 141.81 while papers rose 1 80 to 132 43. Chrysler Corp fell to Canadian Imperial Bank of Commerce to S28'2. Distillers Corp.-Seagrams to and Imperial Oil to while Fal'-onbndge Nickel rose to Among speculative issues, Kiena Gold Mines rose 50 cents to 80 on 20.500 shares traded VANCOUVER (CP) Prices were up Thursday in heavy trading on the Vancouver stock exchange. Volume at the close was shares. On the industrials board, Jolly Jumper was at on a volume of 20.550 shares. Pace Industries was at .70 on shares. lonarc rose .05 to .90 on shares. Mercuria fell .01 to .37 on shares. Woodwards was up .75 at and Captain International was at .65. In the mines, Consolidated Standard fell .01 to .21 on shares. 'Northair rose .05 to on shares. Geo-Dyne rose .02 to .34 on shares. Gold River fell .22 to .92 on shares. Brendon Ltd. was down .02 at .58 and Giant Ventures was up .01 at ..23. Seneca development led the oils at on a turnover of shares. Princess was at .26 on shares. Alaska Ke'nai was up 09 at on shares. Chapparal was at .09 on shares. Stampede fell 08 to .84 and Freehold was up .05 at NEW YORK (AP) The stock market moved lower today, continuing the downward drift of many recent sessions. The Dow Jones average of 30 industrials at 11.30a.m. was off 9.84 at 84571 Declines led advances on the New York Stock Exchange by 2 to 1. "The market is just following through on the decline of said one analyst. On Thursdav. the Dow fell nearly 7 points. There's some disappointment, after all the talk on a lifting of the Arab oil embargo, that there's been no con- tn mation from the Arabs." the analyst added. Also affecting the market, brokers said, was the government report that unemployment rose in January. Inflation and worries over an economic slowdown were also impairing the market, they added NYSE prices included Uniroyal, off to Mountain Fuel Supply, down 3'-j to American Motors, off to Fairchild Camera, off FA to and Chrysler, off It to Canadian issues were mixed on the NYSE. .Canadian Pacific was unchanged at Distillers Seagrams off at Dome Mines 1 higher at Hudson Bay down at Mclntyre up 1% at International Nickel down at and Massey Ferguson down at Livestock Calgary CALGARY (CPi- Receipts to 11 a.m. Fridav from the Calgary public stockyards today totalled 100 head, practically all cows. Trade was active. There were insufficient higher-grade steers on offer to establish quotations. No slaughter heifers were on offer. Cows sold fully steady to strong, quality considered, with odd sales to Cows. Dl. D2: 32.50-34. 03' 30.50-32. D4. 24-30.50. There were insufficient replacement cattle on offer to establish a market, other than for a few stock cows sold 29- 35. Hogs f.ob. to 11 am. 48.25. Chicago markets CHICAGO (AP) Silver futures resumed their advance, but not all commodity futures on major United States Exchanges shared this strength Thursday. Most farm commodities on the Board of Trade closed higher, but Chicago Mercantile Exchange commodities were mostly weak. Soybeans gained 11 cents, soybean meal a ton and soy oil about 85 points. Oats and com closed one to three cents higher, while wheat prices were mixed. Cattle and live hog futures along with pork bellies closed mostly lower while shell eggs were irregular. Grain close: Wheat: Mar 5.63: May 5.40: Jul 4.88: Sep 4.86: Dec 4.85. Corn: Mar Jul 3.06: Sep 2.98: Dec 2.73: Mar 2.75V.. Oats: Mar May 1.70H. Jul 1.66. Sep 1.68: Dec 1.6 Wlnnlpag grain WINNIPEG (CPl Good buyer interest continued at mid-session of the Winnipeg Commodity Exchange with pnces holding steady Thui-sday's volume of trade was 972.000 bushels of rye. 246.000 of flax and 2.225.000 of ragcsccd There was no trading in oats or barley. Mid-session prices. Flax May 30 higher 11.60: July 30 higher 10.86: Oct and Nov. not open Hapcseed Vancouver Jan not open. March 30 higher 7.W. June 20 higher 7 TO. Sept not open Kapew-ed Thunder May 19 7 00. July. Ort and Nov." not Hog prlcos EDMONTON (CP) Average Srices Friday provided by the Alberta og Producers Marketing Board. Edmonton: 48.94. Calgary: 48.88. Red Deer. 4886. Lethbndge. 47.69. Lloydminster. 48.10. Fort Macleod: 47.60 Total hogs sold to 11 a.m. 130, total sold Thursday 6.013. Average 48.62. Price of sows 35 80 Bat! futures WINNIPEG (CP) Live beef futures close Thursday. Mar 54.20A: May 5S.OOA: Jly 5S.20A: Sep 53.95N. Wednesday's volume: No contracts. Gold futures WINNIPEG (CP) Gold futures, U.S. funds. Winnipeg commodity exchange close Thursday. Jan 74 131.75A: Apr 74 132.85: Jly 74 137.75G: Oct 74 -144.40: Jan 75 150.60A. Wednesday's volume: 156 contracts. Gold prlcos LONDON (AP) Thursday's closing gold prices in U.S. dollars an ounce: London Paris Frankfurt Zurich JO Hong Kong Beirtu a kilo. Hye May unchanged 3 5fl. July ttmrr 338V Ort and not cpcn WINNIPEG Grain quotes Thursday basis lakebead High tarn One Fin Mar 1130 1190 Jlv N66 Ort 101S Jiov 1005 Jan 760 760 Mar 743 727 743 Jon m Canadian By THE CANADIAN PHKSS Dividends are quarterly unless rtlicrwise ntflod Alcm Atmrtwrni Ud., 25 cents. VS fends, March 11. record Fet> 91; pfd 41 cents. Ajm! IS. record o pcsp (W5 Lead-Spffl Itftores 575 S- 276 7mr- Spot 705-708. Jjrtuws Silver -Spot J7S7-1S02 3 months 187 S OS toe-, S5 cente. US. funds. JrxTOwse of 2'i cents. Mardi ft. record Feb 13 Cmttn General hwectroeM W., 70 cent', Mardi 15. record Feb. 20 CoMMiim Co. IM., !0 cents. Feb 28. record Feb. 14. The Herald Friday, February THE LiTHMIDOI HERALD 19 Business Stocks Miscellaneous Vancouver, Calgary, Midland Doherty WESTERN OILS AND MINES Mton Mines Mbany Oil ilminex Camera Ashland Oil Mta East Gas 3P Canada Srenda Mines ;an Southern 2dn Exp Gas ;dn Homestead Sdn Ind Gas Ddn Long Island Ihfeftan ;dn Superior Some Pete Dynasty :ort Reliance Slant Mascot Gibraltar .72 7.50 13.25 11.87% 7.12% 14.12% 7.75 6.37% 3.45 7.00 9.87% .21 11.87% 59.50 43.00 10.00 .29 2.54 5.75 Teledyne 4.65 Trimac 7.50 West Cdn Sd Pro 3.40 Westfield Minerals 1.25 Weston A Pfd White Yukon 8.50 PIPE LINE STOCKS Alia Gas Line A 12.25 Alta Gas Line Pfd 64.00 Alta Nat Gas 18.50 Inland Nat Gas 10.00 Gaz Metro 6.00 Gaz Metro A Pfd 66.00 N and C Gas N and C Gas B Pfd 23 62% Pac Gas Trans 10.37% Tr-Can Pipe 34.25 Tr-Can Pipe A Pfd 63.50 Tr-Can Pipe B Pfd 36.50 Tr-Can Pipe War 6.12% WC Trans 24.00 WC Trans Wts 4.10 Sranisle areat Anvyvll 7ft 3t Cdn Oil Sds .ochie! Exp .ytton Minerals Joble Mines Jorth Cdn 11.00 2.70 -1.69 1.09 t O Barons Oils .09 N Continental .02% West Warner .27% VANCOUVER MINES Jumac 'ancdn Pete 'an 12.50 Explor .35 Bath Norse 1.33 Dankoe 2.60 'etrol 'innacle 'lace Gas .22 .47 .55 Dolly Varden .43 Equitorial Res .20 danger Oil ;curry Rainbow Jeibens Spooner rotai Pete Jlster Pete Jnited Canso WC Pete Vest Decalta 23.25 19.00 .43 7.25 1.33 24.00 6.87% 9.75 Northalr Mines 4.05 Primer .17 Pyramid .14 Silv Standard 2.20 Valley Copper 9.75 INDUSTRIALS Colum Brew 2.95 Key Indus -11 Wardair 1-55 OILS INDUSTRIES tores Ltd Vquitaine 3C Sugar A Pfd Slock Brothers Jdn Pac Inv A Pfd Jom Cap Corp darling O'Keefe A Pfd darling O'Keefe B Pfd Jrest For Ind ;rowsnest Indus :alconbridge Cop and M Trust Co Senstar 3lob Com Units tome Oil A tome Oil 6 lud Bay Co lud Bay Oil lud Bay Oil A Pfd lugh RuS C Pfd lusky Oil lusky Oil B Pfd tusky Oil 0 War lusky Oil E War Jys of Canada nt Pro Pipe War nt Pro Steel Caiser Resources oblaw C Pfd riagnasonics 'acific Pete >ac West Airlines 'e-Ben Oilfield Serv lainier inc loyal 28.00 14.25 3.75 33.25 2.45 23.62% 28.75 8.12% 26.50 12.00 5.00 16.37% 39.00 54.50 51.00 17.00 45.00 50.00 53.50 21.87% 39.62% 6.75 9.87% 3.20 7.12V4 14.87% 4.85 25.50 5.50 34.00' 7.75 6.37V4 3.75 Pete -82 Plains Pete -22 Pond Explor .80 Stamp Intl Res .85 MUTUAL FUNDS All Cdn Compound 6.56 7.13 All Cdn Dividend 6.93 7.53 All Cdn Ventures 3.54 3.85 Amer Grow Fund 4.80 5.27 AGF Special ?-58 Cdn Invest F 4.92 5.39 Collect Mutual i'.28 5.71 Com Inter 1i 51 13.51 Com Leverage 3.k2 3.22 Com Venture 5.62 5.62 Corp Investors 6.27 6.39 Corp Invest S F 4.92 5.41 Dreyfus Fund US 10.72 11.75 Grt Pacific 4.53 4.95 Grpd Income 3.04 3.35 Growth Equity 7.33 8.05 Invest Grow F 11.9713.09 Invest Mutual 5.73 6.26 Mutual Accum 5.92 6.51 Mutual Grow F 3.19 3.51 Nat Resources 4.91 5.40 NW Cdn 5.27 5.79 NW Growth 4.50 4.94 Principal Growth 4.44 4.88 Provident Mutual 7.40 8.09 Royfund 6-64 6.91 Templeton Grow 7.32 8.02 United Accum 4.62 5.08 Univer Savings 7.99 8.79 Univest 5.72 6.28 Vanguard 5.94 6.51 Toronto.mines, industrials (Supplied by Richardson Securities of Canada) Advocate Forest Sugar A Valley Ind Ind O'Keefe Can. NW Cellulose Canada Power Credit Central Gas Pfd Industries Marconi Cons. Vickers Coin Dickenson Bathurst Denison Gas Seagrams Dome Bridge Discovery East Textile East Stores Pete First Mobile Giant Cdn Oil Sands Motors Lakes Paper Hudson Bay Oil Cda Hydra Iron Sid walker Joiiet Erie Kerr Oil Key Nickel Lake Pipe Langis Group A Madsen Malartic Accept Martin Douglas A tide Intern A Nu West New Ferg New Btoed Corp A B Pine New Placer Cent Pax Corp Quebec Co Rio Roman Sears Snerfitt Canada Susp A Tefc Corp. Grp A Mtn Wpe Can Pipe Western Carbide WH Copper Mines VlfrlnYll Gas wrigrai naToreaves 70 vfW Untied Stscoe Mfg Yetlowkrtne A Can Seed EJec Algoma Atoo 9nd Imperial Agra Scotia Brwcan 51.50 14.25 19.50 20.25 29.62V4 14.75 8.37% 4.15 5.62% 23.00 1.62% 10.00 16.00 3.70 17.00 16.00 15.87% 34.12% 2800 17.00 42.00 39.00 23.37% 10.37% 12.75 42.87% 31.00 7.37% 10.75 50.00 24.00 33.00 17.75 5.25 50.62% 28.25 40.25 29.37% 36.50 21.25 8.37% 17.62% 17.25 4.65 5.25 10.12% 3.70 5.00 11.87% 17.37% 51.62% 50.00 21.75 21.75 8.00 12.25 10.25 14.37% 14.87% 19.25 7.87% 30.75 1390 51.25 14 87% 1500 34.25 16.62% 9.25 13.62% 7.75 6.62% 21.50 19.62% 21.00 3.35 265 26.25 20.09 3612% 3600 New York (SappHed by Richardson Securities of Canada iVnr ArwoorxJa Beth. Steel ChrysflW Ouporrt Motors Gtff Harvester Kwm. Coppw Wortgomory Ward Sears Exxon Gtffl Co. Corporation 5050 2550 3262% 16.12% 158 75 5087% 2350 2562% 40 62% 2225 85.50 34.12% 28.75 Wocrtworrh Etoc US. SleBI 2275 3962% Qcn 2562% TORONTO AVERAGES 210 Industrials 214 39 down .59 GoKSs 51584 flown 71 10 JMaiaJs 104.SS up 58 15 Western ORs 11 Volume NEW YORK AVERAGES ?0 Industrials S44 69 down 1145 20 Rate 18492 <5own 2S9 15 Utilises 93 30 up 09 65 Stocks 268.62 3 06 Volume 7.530.000 Nuclear-power blimp proposed This is an artist's conception of a nuclear- powered blimp capable of carrying freight or huge numbers of passengers, 'which is reportedly under development in the Soviet Union. The dirigible would have a freight payload of 180 tons, a passenger capacity of and a cruising speed of 190 miles per hour, according to the 1973-74 edition of Jane's Freight Containers. The drawing is superimposed on an aerial photograph of Moscow. North Sea oil9 gas development Bonn offers Norway financial deal OSLO, Norway West Germany has offered financial aid and technological and industrial cooperation in exchange for participation in Norway's oil and gas development in the North Sea. The approach, made at government level, includes a proposal for joint ventures on a 50-50 basis for exploration and production as well as establishment of joint petrochemical industries in western and eventually northern Norway. The offer also indicated a German order Economy outlook for B.C. bright VICTORIA (CP) The British Columbia economy has just finished its best year ever and 1974 will not see a downturn in business, Premier Dave Barret said Thursday. Oil, gas sale nets 7 million EDMONTON (CP) The Alberta- government has auctioned off 178 petroleum and natural gas reservations for Pacific Petroleums .Ltd. paid more than for the two highest-priced parcels of crown lands put up for drilling in the sale. Both parcels were in the foothills of Southern Alberta near established gas fields. Pacific Petroleums paid for 640 acres adjacent to the Ricinus gas field, 85 miles northwest of Calgary, and for a 640-acre parcel east of the Strachan gas field and about 20 miles northeast of the first parcel. "My best advice is we will not suffer a downturn in B.C. in he told a news conference. "Despite all the yelling and hollering and screaming by business and opposition spokesmen, we have just finished the best year in economic terms that this province has ever experienced." There's been a major increase in the number of jobs and a decrease in unemployment while the growth rate of the gross provincial product stands at its highest level in more than a decade, he said. "More people have more money to spend in the province than at any other time in its history." Last month unemployment was 6.2 per cent, a year ago it was 8.1 per cent. The gross provincial product value of all goods and services produced in B.C. rose to an estimated billion in 1973, a 16-per-cent rise over the previous year, government statistics showed. for ships in Norway and co- operation in shipping. Ingvald Uiveset, minister for industry, described the offer as "interesting." He added that Norway has received many other interesting offers of similar character lately. But this is the first one to be made at government level. It is known that Brasima and Petrobras of Brazil approached Norway last autumn for co-operation. A large international oil company, whose name has not been disclosed, had offered to construct at its own cost a petrochemical plant with an annual capacity of about tons a year to secure its own needs for semi- products, from the heavy petrochemical industry. There have also been Japanese, as well as discreet Arab, feelers to get a foothold on the Norwegian North Sea shelf. At present the main capital invested there is American, but European oil companies or groups are likewise eager to come in as partners or concession holders. Oil interests are queuing up like suitors for a share in Norwegian oil development. CANADIAN BROADCASTING CORPORATION APPOINTMENT Franchise available Lethbndge McLeod area from owner. Excellent, opportunity to participate in Canada's fast- est growing franchiscd camp- ground chain. Enquiries to box BARRY A. STEWART Mr. VV. Porth, Director for the Province of Alberta, is pleased to announce the appointment of Mr. Barry A. Stewart as Manager, Public Relations for the Alberta Region. Mr. Ste- wart comes to Edmonton from Ottawa where he was Super- visor of Publicity Services for the CBC's Ottawa Area. Prior to joining the Corpora- tion 14 years ago, he worked for the Ottawa Recreation and Parks Department and then as Community Recreation Co- ordinator with the Ottawa Board of Education. Mr. Stewart, bom and edu- cated in Ottawa, is married with four sons, and has been active as an actor, singer and teacher of childrens' theatre and served as dramatic director with the Ottawa Little Thea- tre and the Orpheus Operatic Society of Ottawa. He is an active member of the Canadian Public Relations Society. NOTICII The Council of the County of Letiibridge No. 26 is considering changing the "zoning" on Sections 19, 20 and 21, Township 8. Range 20, W4M, and the N.E. of Section 24, Township 8, Range 21, W4M, from "country to "rural A meeting to discuss this proposal will be held in the McNally School auditorium, Tuesday, February 5, 1974 at p.m. Registered Retirement Savings Plan (B' Now at HIGH INTEREST No MftiiristntiM CtarfM PLAN "A" SELF ADMINISTERED NOMINAL FEES BTMRIERS i lERGMNTS TRUSlI I III 30t7lnSt.S.HHiUmHn Phorw32S-5548 OUTSTANDING BUSINESS OPPORTUNITY talir Rapid expansion of new market provides an out- standing opportunity to cash in on a growing business in an exciting and highly profitable industry. International company now manufacturing and successfully marketing proven anti-shoplifting devices for lease to an unlimited and waiting market Negoti- ations with national chain stores make it imperative we appoint a satesJservJce dealer for Lethbridge and Southern Alberta immediately. Parent company will supply ail basic electronic com- ponents of multi-purpose crime prevention systems at no cost to dealer as well as providing the financing and training necessary. Appointee requirements include a secured Investment, the ability to start immediately on a full time basis, and a management back- ground. Write for confidential information, giving full name, address, business home phone. Mr. B. A. PJckefl 754 PomN Strwi Vancouver, S.C. 2M-4101 ;