Lethbridge Herald (Newspaper) - February 5, 1973, Lethbridge, Alberta
Monday, Februory 3, 1973 - THE LETHBRIDGE HERALD - 13 Stock prices dip in light trading Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig Limited) LAST BID OR SALE 10.00 6.85 13.25 14.00 20.25 4.85 6.80 4.15 9.55 TORONTO (CP) - Prices on the Toronto stock market were lower in light mid-morning trading today. The industrial index, considered a major indicator of market trends, was off .48 to 221.28 and western oils 1.16 to 285.19. Golds were up .12 to 222.05 and base metals .13 to 97.94. Volume by 11 a.m. was 692,-000 shares compared with 819,-000 traded by the same time Friday. Communication, merchandising, steel and real estate stocks were among sectors of the market showing losses while chemical, food processing, oil refining and trust and loan issues were higher. Advances held a slight lead over declines, 119 to 114, while 186 issues remained unchanged. BP Canada fell % to $20, No-randa Mines % to $46, Microsystems Vt to $13, Pennington's % to $10y4 and Slater Walker V-i to $16%. Bow Valley rose % to $48%, Quebec Telephone Vi to $177/8, Allarco Vi to $7]/4, Teledyne 25 cents to $4.90 and Bombardier A V.% to $6%. Gibraltar slipped Vs to $10>/s while United Siscoe increased 15 cents to $5.10. HEAVY TRADE MONTREAL (CP) - Most sectors declined in heavy trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 787,600 shares, compared with 530,600 at the same time Friday. Utilities dropped .47 to 160.13, banks .30 to 269.14 and the composite .13 to 232.67 while papers gained .29 to 113.00 and industrials remained unchanged. On the Montreal Stock Ex-change, Dominion Bridge gained Vz to $33'/4 and Moffat % Grain prices Winnipeg Grain to $14V'2 while Dome Petroleum dropped to 1% to $47 and Steel Canada l'/8 to $34. On the Canadian Stock Exchange, New Insco Mines dropped two cents to $1.74 on 174,540 shares. DJA AHEAD NEW YORK (AP) - Prices advanced cautiously in slow trading Monday on the stock exchange as gaining issues outdistanced the losers. The noon Dow Jones average of 30 industrials' was ahead 0.38 to 981.19. Earlier in the day the Dow had been up 2.86 to 983.67. Advancing issues were 639, to 588 losers. WINNIPEG (CP) - Prices for most commodities continued to rise in moderate trading at mid - session today on the Winnipeg Com m o d i ty Exchange. Flax and some Vancouver rapeseed futures were up to the 10 - cent trading limit, and Thunder Bay rapeseed was up as much as eight cents. Feed grains were up slightly. Activity was concentrated in the nearby futures, with the most deferred months of all commodities still not open. Friday's volume of trade was 1,776,000 bushels of flax, 3,408,000 of rapeseed and 892,-000 of rye. MID-SESSION PRICES: Flax: May 10 higher 5.02M-B; July 10 higher 4.76B; Oct. 10 higher 4.59%B; Nov. 10 higher 4.42B. Rapeseed Vancouver: March 7Vi higher 4.08A; June 10 higher 3.93B; Sep. 10 higher 3.86B; Nov. 3 higher 3.52B. Rapeseed Thunder Bay: May 8 higher 3.62A; July 7 higher 3.65'/4A; Oct. 6% higher 3.49',i>A; Nov. V* higher 3.36'/2B. Oats: May 2 higher 1.22%B; July V/s higher 1.19V4B; Oct. unchanged 1.10B; Dec. not open. Barley: May % higher 1.52%; July l'/a higher 1.53>4A; Oct. Vz higher 1.48>/2A; Dec. not open. Rye: May 2% higher 1.77%; July 2�/8 higher 1.69%B; Oct. 2V* higher 1.63VsB; Dec. not open. Peking buys hefty order of cotton WASHINGTON (AP) - A| hefty Peking order for American cotton has spurred U.S. prospects for a substantial jump in United States-China trade beyond previous forecasts for this year. Laurel C. Meade, the agriculture departments general sales manager, said he has confirmation from a Texas firm- the Plains Cotton Co-operative Association - of a 400,000 bale| cotton sale to the Chinese. The transaction, estimated here at $78 million, tops total U.S. exports to China in 1972 of about $60 million. Together with Boeing's sale of its 707 jetliners to Peking and other items, U.S. specialists | now figure American exports to China in 1973 could climb to between $300 million and $400 million. This is well above the $200 million two-way trade total for 1973 suggested by State Secretary William P. Rogers in mid-January. In 1971, U.S.-Chinese commerce amounted to only $5 million. (11:00 a.m. Quotes) WESTERN OILS AND MINES Alfa Easl Gas Almlnex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granlsle Gt Plains Gt Cdn Oil S Lochlel Lytton Mln Noble Mines North Cdn Oils Numac Pancnn Pele Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Selbens Spooner Total Pete Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aaultalne BC Sugar Pfd Block Bros Brlnco Cnn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Tnd (11:00 a.m. Quotes) Crowsnest Ind 26.00 Cygnus A Cygnus B Falcon Copper F and M Trust Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd 10.37V2 Hugh Russell .35 Husky Oil 57.12V2 Husky Oil B Pfd 42.75 4.00 Husky D War 7.70 Husky .. War 8.60 Inter Prov Pipe 12.75 (11:00 a.m. Quotes) Col Mutual 7.02 7.71 7.75 Cmnw Inter 15.3? 16.91 7.75 Cmnw Lev 4.16 4.57 13.87Vi Cmnw Vent 8.35 9.18 8.12V2 Corp Invest 6.42 7.04 17.75 Corp Invest St F 5.56 6.10 41.12'/2 Dreyfus F U.S. 12.37 13.56 36.50 Great Pacific 5.03 5.50 19.50 Gr In Shares 4.34 4.77 51.50 Gr Equity 9.18 10.09 60.12'/2 Invest Gr F 12.99 14.20 46.50 Invest Mutual 21.75 Mutual Ac 17.00 48.00 9.40 .31 4.75 9.75 35.00 9.70 3.60 2.35 1.50 7.40 22.00 18.00 15.75 1.46 .31 .73 52 Mutual Gr Nat Res N W Cdn N W Gr Inter Prov Steel 16.37V2 Princ pal Gr Kaiser Res Loblaw C Pfd Pacific Pete Pac West Air Rainier Royal Trust St. Maurice Cap Sandwell Teledyne West Cdn Seed Westfleld Mln Weston A Pfd White Ydkon PIPE LINE STOCKS Alta Gas A Alia Gas Pfd 34.371/2 Alta Nat Gas 18.75 N and C Gas 14.871/2 Inland Nat Gas .67 N and C B Pfd 8.90 Pacific Trans 1.20 Gaz Metro 10.00 6.40 18.00 Unlvest Vanguard CALGARY Acroll Barons Oil 6.07 6.6) 6.35 6.98 4.25 4.68 8.23 8.99 5.74 6.31 5.68 6.24 5.13 5.63 7.09 7.38 8.69 9.50 5.60 6.15 8.37 9.20 6.20' 6.81 7.7B 8.53 , 55 Royt'und 3�-6m United �Ac ^01j3s7'/2 Universal Sav 4.75 51,25 1.25 4.75 North Continental 6.121/2 West Warner 1.50 VANCOUVER *2-00 MINES 14.621/2 Afton CKS Atlas EJiplor 17.00 Bath Norse 73.25 croyden 22.00 Dankce 11.62V2 Davenport 12.87V2 Dclly Varden 24.75 Equitorlal Res 13.00 Lornex 4.95 Primer Trans Cda Pipe 41.871/2 Pyramid Tr Cda A Pfd 78.00 Silver Standard Tr Cda B pfd 41.75 Valley Copper Tr Cda War 10.12W INDUSTRIALS WC Trans 23.12V2 Capt Inter 28.621/2 WC Trans Wts 5.00 Columbia Brew 15.50 MUTUAL FUNDS Hys Canada 3.00 All Cdn Com 8.37 9.15 Key Indur; 5.621/2 All Cdn Dlvld 9.10 9.95 OILS 28.12V2 All Cdn Vent 4.38 4.79 Albany Oils 1.28 33.121/2 Amr Gr F 6.24 6.85 Plains Pete .37 26.75 AGF Special 3.33 Stampede Intl Res .82 4.60 Cdn Invest F 5.30 5.81 West Explor .07 .85 .02 .02 .36 8.00 .53 .85 .05 .70 .63 .28 .1? 8.25 .31 .23 .76 10.00 3.00 3.25 4.40 .33 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11:00 a.m. Quotes) (11:00 f.m. Quotes) (11:00 a.m. Quotes) Controversial Project Miss! Falls Dam and Control Structure 7 Churchill South Indian Lake Settlement Kettle Generating Station Diversion Channel Notigi Control Structure and Future Power Site [Nelson Lake Thompson Kelsey Generating Station Hog prices EDMONTON (CP) ~ Aver-age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board: Edmonton: 43.10 av e rage Friday. 42.98. Red Deer: 43.00 average Friday 43.04. Calgary: Nil average Friday 42.97. Lethbridge: Nil average Friday nil. Lloydminster: Nil average Friday nil. ANNOUNCEMENT Power project Plans for harnessing the vast hydroelectric potential of the Nelson River in northern Manitoba has in recent years become the subject of one of the province's most intense political debates. Residents of South Indian Lake, a small nativi. community gbout 500 miles north of Winnipeg have initiated legal action to prevent the public utility from proceeding with plans to raise the level of the lake nearby. _ er town on proceeds shutdown schedule CFCN share values MINES Pine Point 27.50 Glendale 12.50 Acme .20 Placer Dev. 46.75 Grt Cdn Oil 9.75 Advocate Asb. 1.36 P.C. Exp. 2.95 Aka'tcho .'2 Quebec Man .11 Gen Motors 76.50 Bralorne 2.5S Rayrock 1.01 Grt Lakes Ppr 22.00 Brn.'lan .'.3 Radiore .37 Gulf oil Cda 37.75 Bethlehem 16.37'/j Rio Algom 20.00 Greyhound 21.50 Brunswick -MONTHLY PREMIUMS - (P.A.C. Plan) Age 21-$8.49 Age 35-$10.06 Age 25-$8.70 Age 40-SI5.74 Age 30-58.95 Age 45-$23.93 KEN BELSHER OCCIDENTAL LIFE of CALIFORNIA 439A-HOLIDAY VILLAGE Phone 328-0944, Ret. 328-0994 ership of the Cancarb venture has been transferred to Northwest," Dr. Gordon Robinson, Cantex president, said in a telephone interview from his Houston office. The decision to sell the plant, which now is under construction, was not made because of financial problems, he said. "While we encountered some difficulties with the Cancarb plant, they were primarily of an administrative and procedural nature." Plans for the $5.6 million plant, which will be capable of producing 40 million pounds of thermal carbon blocks annually when it becomes operational, were announced April 4, 1972. Construction began June 1, but the work has fallen behind schedule. Instead of spring, as originally scheduled, construction is expected to be completed in June or July. Dr. Robinson said he did not anticipate any problems regarding to the transfer of a $933,000 federal industrial incentive grant awarded Cantex for the Cancarb project. "That grant is being transferred from Cantex to Cancarb and should pass to the new own- ers more or less automatical ly." Roy Archibald, vice-president of Northwest, said the company is taking over the contract which Cantex negotiated with the city for the supply of nat-1' urol gas - the basic raw ma terial for the Cancarb operation. When the plant becomes operational, it is expected to employ about 40 people, said Mr. Archibald. Neither Northwest nor Cantex would disclose the purchase price. THIS NOTICE IS TO ADVISE THAT CITY REALTY & INSURANCE and KEY REALTY & INSURANCE REAL ESTATE ADS CLASSIFIED ADVERTISING, WERE INCORRECT SATURDAY, FEBRUARY 3 Key Realty listings were omitted entirely and City Realty listings had the Key Realty heading and the advertisement was separated; the bottom portion of the ad appearing at the top. We regret any inconvenience we have caused these companies and their sales staffs, and their customers. The correct advertisements appear in Section 1 "City Property For Sale" in Classified today, Monday, February 5, 1973. We also wish to advise that City Realty and Ins. are the only real estate firm that have a contest of the type mentioned in their advertisement, and this contest is exclusive to City Realty and Insurance. Dollar Value MONTREAL (CP) - U.S. dollar in terms of Canadian funds at noon today was up 1-22 at $1.00 1-32. Pound sterling down at $2.'38%. In New York, the Canadian dollar was down 1-32 at $0.99 29-32. Pound sterling down % at $2.38 J/8. Calgary livestock (No sale held today due to weekend blizzard conditions.) Reitman's Are Interviewing for Assistant Manager We are looking for -ambitious applicants to assume responsibility for store management or assistant management. Applicants must have had several years' experience in women's fashion retailing. Must be a self-starter, -ambitious and interested in getting ahead in a retail career. Salary based on experience and qualifications .Apply in. person to: Mrs. Klaus, College Mall Phone 328-7011 to arrange for an appointment for February 6th or 7th.