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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 2, 1973, Lethbridge, Alberta Friday, February 2, 1973 - THE LETHBRIDGE HERALD - 19 FOOD PRICES Market lower at mid-session TORONTO (CP) - Prices on the Toronto stock market slipped moderately lower in moderate mid-morning trading today. The industrial index, considered a major indicator of market trends, was off .53 to 222.37 and western oils .88 to 284.87. Golds were up .58 to 221.79 and base metals .09 to 98.08. Volume by 11 a.m. was 819,-000 shares compared with 745,-000 traded by the same time Thursday. Among sectors of the market recording losses were bank, merchandising, paper and forest and utility stocks while beverage, oil refining, real estate and trust and loan issues were higher. Declines held a slim lead over advances, 136 to 129, while 198 issues remained unchanged. Niagara Wire B slipped % to $28Vi, First City Financial Yz to $2iy4, Canadian Industrial Oil and Gas % to $10]/4, Curtiss-Wright four cents to 84 cents and Hardee Farms five cents to $1.15. Toronto Star B rose Yz to $65%, Rapid Data Yz to $12%, Gold futures WINNIPEG (CP) - Gold futures, U.S funds per ounce, Winnipeg Commodity Exchange: Apr 73 - 67.60B; Jly 73 - 63.70; Oct 73 - 69.50; Jan 74- 70.54B. Wednesday's volume: 10 contracts. Beef futures WINNIPEG (CP) - Live beef futures close Thursday. Mar - 41.75A; May - 42.25A; Jly - 41.00A; Sep - 40.00A. Wednesday's volume: Six contracts. Whormock A % to $20%, Budd Automotive % to $18Vi and In-dal Canada % to $15]/4. Tara Exploration dropped % to $16 while Kerr Addison increased Vi to $11%. MARKET LOWER MONTREAL (CP) - All sectors except banks declined in heavy trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 530,600 shares, compared with 536,900 at the same time Thursday. Papers dropped .62 to 112.72, utilities .62 to 1G0.50, the composite .45 to 233.39 and industrials .45 to 247.69 while banks gamed .01 to 271.78. On the Montreal Stock Ex-change, Sherwin-Williams gained 2Vz to $22%, Toronto Dominion .% to $33% and Fran-cana % to $12% while Pacific Petroleum dropped % to $41%. On the Canadian Stock Exchange, New Insco Mines dropped 33 cents to $1.57 on 243,900 shares. PRICES DIP NEW YORK (AP) - Prices were broadly lower in the stock market today for the second session in a row. Trading was active. The noon Dow Jones average of 30 industrials was down 1.81 to 983.97, and losing issues outnumbered gainers by more than two to one on the New York Stock Exchange. At noon the New York Stock Exchange Index was down .16 to 61.88. On the New York exchange, fractional losses were shown by Genstar at 17%, Granby Mining at 19%, International Nickel at 32% and Walker Gooderham at 51%. Dome firmed Y& to 80%. On the American, Scurry Rainbow added % at 18% while Brascan lost Vs at 20. ests buy hopper grain cars New York stocks (Supplied By Richardson Securities of Canada) Amr. T&T Anaconda Beth. Steel Chrysler Comsat Dupont Gen Motors Gulf Int Harvester Kenn. Copper Mont Ward 51.25 Sears 20.37V3 X-Ron 57.12V2 Texas Gulf 34.25 Texas Co. 55.50 Wix Corp 172.00 Woolworth 75.37Vi Westlnghouse 26.62'A U.S. Steel 32 25 2^50 TORONTO AVERAGES 112.75 20 Golds 222.81 Up 1.60 94.37'/a 10 Base Met 97.84 off .15 120.75 15 W Oils 285.43 off .32 39.87V2 Volume 1,342,000 26.162V2NEW YORK AVERAGES 39.62V2 30 Indust 983.97 off 1.81 30.62Vj 20 Rails 204.19 off 1.24 15 Utilities 113.75 oil .95 65 Stocks 311.37 off .95 23.871/j 20 Indust 222.12 off .78 Volume 8,870,000 WESTBURNE DRILLING EXPERIENCED RIG PERSONNEL REQUIRED Join the largest drilling company in Canada! We will b� starting up Tigs in the Yukon, Alberta and British Columbia. Apply to: Personnel Manager, Westburne Drilling Ltd., 1332 Calgary House, 550 6th Avenue, S.W., Calgary, Alberta. T2P OS2 Telephone: (403) 266-8701 Going up The food section of the Consumer Price index stood at 147.1 at the end of December 1972, up 10.7 from January 1972. Increased prices for pork, bief, vegetables and fruit has consumers howling over food prices so loud that a House of Commons committee is getting organized to try to pin down responsibilities. Poor weather in 1972 was also a contributing factor in the rise. The index is based on 1961 prices equalling 100. Wain prices Miscellaneous quotations Winnipeg Grain WINNIPEG (CP) - Oilseeds continued to recover strongly in moderate trading at mid-session today on the Winnipeg Commodity Exchange a f t er three days of falling prices. Some flax futures closed up at the 10-cent trading limit above previous close levels, while rape-seed prices claimed as much as GYz cents. Rye was strong, oats was up fractionally and barley was mixed. Thursday's volume of trade was 668,000 bushels of flax, 3, 496,000 of rapeseed and 1,102, 000 of rye. Mid-session prices:- Plax: May 10 higher 4.92 %A; July 8 Yz higher 4.64 Vz; Oct. 8 higher 4.47 %B; Nov. 10 higher 4.32B. Rapeseed Vancouver: March 6 ',4 higher 3.97B; June 6 % higher 3.79 %; Sep. 3 Yz higher 3X9 Vz; Nov. 6 Vi higher 3.45 Vi. Rapeseed Thunder Bay: May 6 % higher 3.52 *AA; July 5 y4 higher 3.44 VzB; Oct. 1 % lower 3.34B; Nov. not open. Grain quotes Thursday (basis Lakehead): High Low Flax May 483V2 474% mVi July 457 451 456 Oct 439% 439 439% Nov 422 419 422 Rapeseed Vancouver Mar 394^ 391% 391% Jan 374lA 373 373 Sep - - 366 Nov - - 339 Rapeseed Thunder Bay May 346% 345% 345% OTTAWA (CP) - Canadian National Railways and CP Rail should consider buying the 2,-000 hopper-type grain cars given them last year by the Liberal government, Otto Lang federal minister responsible for the Canadian Wheat Board, said Thursday. The cars were bought last year for $48 million to assure western grain movements to Vancouver, Mr. Lang told the Commons. The gift came at a time when there were "differences of view" about whether the railways could carry all the grain with their old-style boxcars if elevator companies extended operations to seven from six days a week. "The dispute on the issue obviously is an ongoing one," Mr. Lang said. "At the time it may be resolved I think it would be appropriate for the railways to take over the equipment." Prairie New Democrats brought the issue up in the Commons following disclosure in the House estimates committee Wednesday that the government-purchased cars, when fully loaded, could travel on only July Oct - Nov - Oats May 116% Jly 115 Oct 106% Dec - Barley May 152 Jly 1517s Oct 147 Dec �- Rye May 173V'2 Jly 163% Oct 154% Dec - 115V4 114 105% 149% 149" a 145% 168% 159 154% 339'A 335% 335y2 116% 114% 105% 100% 149% 149% 145% 150 168y4 161% 154% 155% ROYAL INSURANCE CALGARY Frederick J. King, A.I.I.C. John D. Mason, F.I.I.C. Robert H. Barlow, AI.I.A. Mr. D. B. Martin, F.I.A., F.C.I.I., General Manager for Canada/President, announces the appointment of Mr. F. J. King to be Manager of the Calgary Branch of Royal Insurance Group (including the Western-British America Assurance Companies), succeeding Mr. John D. Macon with effect from March 1, 1973. AAr. King began his career with The London & Lancashire Insurance Company Limited at Vancouver in 193 9. Following service in Saskatoon, Ca gary and Edmonton Mr. King became Resident Assistant Manager, Edmonton, in 1964, and transferred to Calgary in 1972. Mr. Mason Joined the Casualty Deportment of Royal Insurance Company Limited at Montreal in 1926, and became Joint Casually Superintendent at Head Office in 1944. He was appointed Assistant Branch Manager at Calgary in 1945, and Branch Manager in 1946. Mr. Mason will retire on March 1, 1973 after 47 years of service with Royal Insurance Group, The retirement of Mr. Robert H. Barlow Is also announced. Mr. Barow was employed by The Liverpool & London & Globe Insurance Company Limited in 1925. After serving in Calgary he became Resident Inspector ond, later, Region al Superintendent at Edmonton. He was appointed Assistant Branch Manager at Calgary in 1955, and retired on January 1, 1973 after 48 years with the group. *** Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE (11:00 a.m. Quotes) (11:00 a.m. Quotes) (11:00 a.m. Quotes) WESTERN OILS AND MINES Alta East Gas Almlnex Asamera Ashland BP Canada Brenda Mines Can South Ex Gas Homestd Ind Gas Long Is Super Oils Cdn Cdn Cdn Cdn Cdn Oil Charter Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Min Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Spooner Total Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES 10.50 7.00 13.00 15.75 20.25 4.80 6.90 4.15 9.65 10.25 .35 57.50 4.00 17.00 4B.50 9.40 .31 4.85 9.00 35.00 9.70 3.40 2.36 1.50 7.60 22.00 18.00 15.62'/i 1.48 .30'/? .74 .52 33.62V3 18.75 14.87V? .69 8.85 1.50 9.75 6.15 Co Oil A Pfd Cygnus A Cygnus B Falcon Copper F and M Trust Genstar Home A Home B Hud Bay Hud Bay Hud Bay Hugh Russell Husky Oil Husky B Pfd Husky D War Husky E War Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd Magnaaonlcs Pacific Pete Pac West Air Rainier Royal Trust St. Maurice. Cap Sandwell Teledyne West Cdn Seed Westfield Min Weston A Pfd White Yukon 7.75 7.75 13.87','j 7.87V2 17.75 41.25 38.50 19.75 51.87V2 60.00 45.00 21.62'/2 42.75 7.50 9.05 13.00 16.50 2.25 30.75 16.75 41.37V2 10.25 4.75 51.00 1.30 4.75 4.75 6.121/2 1.55 64.00 14.50 Sav PIPE LINE STOCKS Acres Ltd Aquitalne BC Sugar Pfd Block Bros Brinco Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrlok Ind Crowsnest Ind 17.871/2 23.75 15.50 3.10 5.621/j 27.25 33.00 26.871/2 4.30 26.00 Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gad Metro A Tr Cda Pipe Tr Cda A Pfd Tr Cdn B Pfd Tr Cda War WC Trans WC Trans Wts MUTUAL FUNDS 17.00 73.25 22.50 13.00 11.62V2 25.00 13.00 5.00 68.00 41.87V2 77.25 41.75 10.50 23.37V2 5.00 Col Mutual Cmmw Inter Cmmw Lev Cmmw Vent Corp Invest Corp Inv St F Dreyfus F Gr Pacific Gr In Shares Gr Equity Invest Gr F Invest Mutual Mutual Ac Mut Gr Fund Nat Res N.W. Cdn N.W. Gr Principal Gr Royfund Temp Gr United Ac Universal Univest Vanguard CALGARY Acroll Barons Oil North Contin West Warner VANCOUVER MINES Afton Atlas Ex Bath Norse Croydon Dankoe Davenport Dolly Varden Equitorial Res Lornex Primer Pyramid Silver Stand Valley Copper 7.04 15.57 4.21 8.44 6.44 5.57 US 12.42 5.03 4.3K 9.20 13.04 6.09 6.33 4.25 8.23 5.78 5.71 5.13 7.13 8.90 5.63 8.42 6.24 7.80 All Cdn Com All Cdn Divld AH Cdn Vent Amr Gr F AGF Special Cdn Invest F 8.42 9.20 9.15 10.00 4.41 4.82 6.28 6.89 3.34 5.32 5.84 INDUSTRIALS Capt Inter Col Brewing Hys Canada Key Ind OILS Albany oils Plains Pete Stamp Int'l Re Western Ex 7.73 17.04 4.63 9.27 7.07 6.12 13.61 5.50 4.77 10.10 13.26 6.66 7.02 4.68 8.99 6.35 6.27 5.63 7.42 9.73 6.19 9.25 6.85 8.55 .87 .02 .02 .38 7.60 .53 .85 .07 .60 .62 .28 .18 8.00 .33 .23 .77 10.00 half the railway tracks in western Canada. BIG QUESTION Mr. Lang said that was one of the "searching questions" that must be resolved through grain industry government discussions on the future of the grain-handling and transportation system. In the meantime, "the hopper cars are going into service on those lines where they can be used to greatest advantage." At another point, Mr. Lang told Lome Nystrom (NDP - Yorkton-Melville) that maintenance and repair cost on the new cars are being oaid, temporarily, by the railways. Final costs and arrangements between the government and railways were being "further discussed in connection with a final agreement." The government's objective continued to be that "no additional profit accrue to the railways through the use . of the cars." The cars, built by National Steel Car Co. Ltd., Hamilton, Ont: Marine Industries Ltd., Sorel. Que.; and Hawker Rid-, dley Canada Ltd., Trenton, N.S., Livestock report 3.20 3.25 4.35 .35 1.27 .38 .76 .07 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11:00 r.m. Quotes) (11:00 a.m. Quotes) {11:00 a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Brunswick Can. N.W. Land Canada Tung. Casslar Central F'at. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denlson Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger Hudson Bay Hydra Ex. Iron Bay Iso Jollet Quebec Kerr Addison Key Anacon Labrador Lake Shore Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Mldrim Mogul Nu West Homes New Athona New Calumet W. Horse Copper Noranda Northgate M-S .21 1.36 .61 2.55 .32 16.25 4.C0 9.30 1.83 13.25 1.30 1.33 6.55 3.4S .09 .33 6.40 2.15 30.50 .06 .49 79.00 .29 .71 2.25 2.70 68.50 .31 .41 7.90 3.40 44.00 23.121/2 .17 3.95 2.65 .25 11.621/2 .22 42.25 2.97 .60 .73 .051/2 44.00 .11 .12 14.12V2 9.00 .101/2 .27 3.85 46.25 5.80 Norlex Osisko Pine Point Placer Dev. P.C. Exp. Quebec Man Rayrock Radiore Sherrltf Gordon Steep Rock Tek Corp. Texmont Upper Canada Western Mines Wright Hargreave.-Willroy Windfall Yellowknife Bear Zenmac INDUSTRIALS H.371/2 24.12V2 14.00 _____ Ind 12.25 Atlantic Sugar Agra Ind Bell Tel Trac .27 .22 27.62V2 48.00 3.00 .12 1.01 .37 16.00 2.05 4.35 .29 2.67 2.72 .90 1.15 .O8V2 3.65 .071/2 Abilibi Alcan Algoma Atco Steel Brazil B.C.Tel Burns B.C. Forest B.C. Sugar Bow Val Ind CAE Ind Cdn Brew Chemceil Col Cell Coron Credit C.W.N. Gas Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Cable Pfd 6.50 13.25 44.25 20.00 57.25 19.25 30.25 21.00 47.121/2 10.75 5.87V2 4.25 1.70 1.70 11.00 15.25 4.95 14.00 36.00 16.62V2 28.50 14.371/2 10.00 40.00 32.75 19.25 9.871/2 15.25 48.371/2 28.00 17.50 Glendale Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur & Erie Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentlde Kelly Doug A Loeb Loblaw A Met Stores Massey Ferg McMillan Bloet! Moore Corp Molsons A Molsons B North & Cent Power Corp Price Co Rothmons St. Law Corp Simpson's Simp Sears Steel of Cda Selkirk A Texrco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Gas Union Oil Versalile Mfg Wesfeel Union Carb Weston's B Woodward's A West Cdn Seed Zenith Elec BANKS Cdn Imp Montreal Nova Scotia Royal Tor-Dom 12.50 9.65 75.121/j 22.00 37.75 22.00 4.25 32.75 51.00 47.00 30.25 32.75 27.75 11.67V2 21.62V2 19.62Y2 11.00 17.00 8.00 5.50 5.871/2 25.00 20.25 24.75 51.00 29.121/j 29.00 11.62V2 13.00 15.371/2 17.00 19.00 29.50 49.75 35.371/s' 14.00 66.25 20.50 23.75 41.871/a 12.62V2 20.25 6.75 29.00 18.00 18.12V2 29.121/2 6.25 2.70 Calgary livestock CALGARY (CP) - Receipts to 11 a.m. at the Calgary public stockyards show sales of 750 head, mostly replacement cattle and stock calves. Trade was strong and active. There were ins u f f i c ient slaughter steers or heifers on offer to establish quotations. A few cows and bulls sold steady. Steers Al and 2 39 to 40, A3 38 to 39. Heifers Al and 2 35.50 to 36.50, A3 34 to 35.25. Cows Dl and 2 25.50 to 27, D3 24 to Hog prices EDMONTON (CP) - Aver-erage prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board: Edmonton: 42.80, average Thursday 42.74. Red Deer: 42.85, average Thursday 42.90. Calgary: 42.80, a v e r a ge Thursday 42.67. Lethbridge: Nil, average Thursday 42.76. Lloydminster: Nil, average Thursday 42.69. Fort Macleod: Nil, average Thursday 42.65. Total hogs sold to 11 a.m. 911, total hogs sold Thursday 6,231, average 42.74. Total sows sold 87, average 27.70. 25, D4 20.50 to 23.75. Good bulls 29 to 32. Replacement cattle and stock calves met a keen demand at strong prices. The majority of the replacement steers were in the 567 - 750 pound range and heifers were in the 550 - 700 pound range. Stock steer calves weighed from 450 to 550 pounds. Good feeder steers over 750 pounds 38 to 43.50., 576 to 750 pounds 46 to 51 with sales to 52.90. Good feeder heifers 550 and up 34 to 38.50 with sales to 40. Good stock and feeder cows 23 to 29. Good stock steer calves 300 to 400 pounds 50 to 58, 400 to 575 pounds 47 to 53 with sales to 56.75. Good stock heifer calves 300 to 400 pounds 40 to 47, 400 to 550 pounls 37 to 44 with sales to 45.20. . Hogs sold fob Calgary to 11 a.m. average base price 42.80. carry about r,000 bushels more than the 2,000-bushel capacity boxcars. Original cost was to be $42 million, but an extra $6 million was added on in federal sales tax and the cost of delivery to CP Rail and CNR. With average use, the cars would carry an estimated 150 million bushels of grain a year. About 1,000 of the salmon brown-canary yellow cars are currently in service. The remaining 1,000 should be delivered by the end of the month. The two railway companies, each of which will receive 1,-000 cars, have agreed to maintain their existing boxcar fleets in addition to the new hopper cars. TOWN AND COUNTRY MEMORIALS LTD. T. E. (Ed) CHURCH Mr. Arthur Waldner, President of Town and Country Memorials Ltd., would like to announce the appointment of Mr. T. E. (Ed) Church as Southern Alberta Sales Representative. This appointment is part of the expansion of Town and Country Memorials Ltd., an Alberta company renowned for distinctive) granite and marble monuments. The company is well known for the "Shape Carve" designs and its high quality of guaranteed workmanship. Ed can be reached at Box 1 87, Lethbridge or phone) 328-6331 at no obligation. ** FOREMAN - PRODUCTION WORKERS -KKDUSTRIAt ENGINEER Major manufacturer of Mobile Homes Is presently Interviewing applicants for the above positions. Experience in one or more phases of production in this industry a definite asset. Please apply in writing to: MODULINE INDUSTRIES ALBERTA LIMITED RED DEER INDUSTRIAL AIRPORT P.O. BOX 5000 RED DEER, ALBERTA TN4-5LG Named Salesman of the Month Beny Chevrolet Oldsmobile is pleased to announce that Louis Larock has achieved the honor of "SALESMAN OF THE MONTH' for January, 1973. Louis has had a wealth of experience in the sales field in the automobile industry. He welcomes his many friends and customers to come in and sec the new 1973 cars and trucks. As an e x p erienced transportation expert his advice to you is - Deal with Beny - You'll BENYfit. FARMERS & MERCHANTS TRUST is pleased to announce that its common shares are now listed on the Stock Exchanges of MONTREAL AND TORONTO FMR on the bid-asked board designates Farmers & Merchants Trust Company's new listing on the Toronto Stock Exchange. Reading the first day ticker tape with the president of the Alberta-based trust company, Donald A. Ross of Calgary (right) are Clifford Low of Doherty McCuaig investment firm, and Lester Lowe, vice-president in charge of new listings for the Toronto Stock Exchange. ;