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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 6, 1973, Lethbridge, Alberta Tuesday, February 6, 1973 - THE LETHBRIDGE HERALD - 15 TSE prices higher in active trading TORONTO (CP) - Prices on1 the Toronto stock market were moderately higher in active mid-morning trading today. The industrial index, considered a major indicator of market trends, was up .35 to 221.88, golds 1.46 to 223.65 and base metals .63 to 98.77. Western oils were off .95 to 283.87. By 11 a.m. was 882,000 shares compared with 692,000 traded by the same time Monday. Steel, beverage and general manufacturing stocks were among sectors of the market recording gains while chemical, food processing, pipeline and construction and material issues were lower. Advances outnumbered declines 132 to 119 while 208 issues remained unchanged. Texas Gulf rose Vz to $21%, Russel Hugh A % to $12%, Bad Boy % to $18, Consumers' G-as % to $17% and Inco % to $327/8. Niagara Wire slipped 1 to $28, Southam Press % to $30, BP Canada % to $20, Dome Pete % to $47 and Venpower five cents to $1.15.  Placer climbed 1 to $50 while Gibraltar dropped V% to $10Vs. Combined volume on the Mon treal and Canadian stock exchanges at 11 a.m. was 656,000 shares, compared with 787,600 at the same time Monday. Industrials gained .43 to 247.16, the composite .27 to 232.67, banks .26 to 268.60 and papers .19 to 112.48 while utili ties dropped .19 to 160.31. On the Montreal Stock Exchange, Noranda gained lYa to $47]/4, St. Lawrence Cement 1 to $52 and International Nickel % to $33y8 while Credit Foncier dropped % to $104y8. On the Canadian Stock Ek change, New Insco Mines gaired 10 cents to $1.66 on 110,-700" shares. MONTREAL (CP) - All sectors except utilities advanced in heavy trading on the Montreal stock market today. livestock Calgary livestock CALGARY (CP) - Receipts to 11 a.m. from the Calgary public stockyards show sales of 700 head, mostly steers. Trade was active. Slaughter steers sold steady with sales to 40.30. There was a good export demand for fleshy steers weighing 1,000 to 1,100 pounds for further finishing. Heifers were 50 cents lower. Cows sold steady. Good grain-fed bulls were $1 higher. Steers Al and 2 39 to 40.20, A3 38 to 39. Heifers Al and 2 35 to 35.60, A3 34.50 to 35. Cows Dl and 2 25.25 to 27, D3 24 to 25, D4 20.50 to 23.75. Good bulls 30 to "33.50 with odd 3ale higher. Replacement cattle were mostly heavy, fleshy two - way steers weighing 950 to 1,100 pounds and selling steady. Replacement heifers were scarce. Grain price review NEW YORK (AP) - The stock market was slightly ahead today in moderately active trading as uncertainty over economic Phase 3, interest rates, and the fate of the dollar in Europe plagued investors. The noon Dow Jones average of 30 industrials was up 2.49 at 980.89. However, declining issues edged out advancing issues 611 to 583 on the New York Stock Exchange. On the American, Canadian Javelin dipped V* while Canadian Marconi added Vt, Other Canadians were quiet. Hog prices EDMONTON (CP) - Average prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board: Edmonton: 44.25, average Monday 44.50. Red Deer: 44.05, average Monday 44.09. Calgary: 44.00, average Monday 44.10. Fort Macleod: Nil, average Monday 44.00. Lethbridge: Nil, average Monday 44.40. Winnipeg Grain WINNIPEG (CP) - Rape-seed prices posted strong advances in a mixed volume of trade today at mid - session on the Winnipeg Commodity Exchange. Flax prices were up the limit of 10 cents. Rapeseed prices were as much as six cents above previous close levels in a good exporter and commission house trade. Oats and barley were fractionally lower while rye declined slightly. Volume of trade Monday was 627,000 bushels of flax, 2,758,000 of rapeseed and 781,000 of rye. MID-SESSION PRICES: Flax: May 10 higher 5.12&B; July 10 higher 4.85B; Oct. 10 higher 4.69%B; Nov. 10 higher 4.52B. Rapeseed Vancouver: March 1 higher 4.08B; June 6 higher 3.93B; Sep. 3V2 higher 3.89B; Nov. unchanged 3.58yzA. Rapeseed Thunder Bay: May 4 higher 3.64A; July 2 higher 3.59A; Oct. V2 higher 3.48%; Nov. unchanged 3.40A. Oats: May % lower I.23V4A; July % lower 1.21V6A; Oct. m lower 1.15B; Dec. not open. Barley: May % lower 1.52%; July Vs lower 1.53A; Oct. % lower 1.48; Dec. not open. � Rye: May 3% lower 1.697/8A; July 4 lower 1.63A; Oct. lower 1.57A; Dec. not open. Grain quotes Monday (basis Lakehead): High Low Flax May - - Jly - �- Oct - - Nov - - - Rapeseed Vancouver Mar 411% 404% 407 Jun 393 388 398 Sep 386 385V2 385%. Nov 359 358 358& Rapeseed Thunder Bay Close 502% 476 459% 442 Beef futures WINNIPEG (CP)-Live beef futures close Monday. Mar - 41.85B; May - 42.35B; Jly - 41.00A; Sep - 40.00A. Friday's volume: 24 contracts May 364 Jly 359V4 Oct 353 Nov - Oals May 123% Jlv 121V4 Oct 116% Dec - Barley May 154 , Jly ' Oct Dec Rye May Jly Oct Dec 154 1791/4 171% 165 360 354% 348 121 118% 115 152V4 153 173% 166% 1611/4 360 357 343 340 123% 12iy4 116% 100% 153% 153% 148% 150 173% 167 I6IV4 155V4 Tax return tips For further Information, call the District Taxation Office. If you live in a toll area, ask your long-distance operator for Zenith 0-4000 and your call will be placed without charge. Q. How will the average taxpayer be affected by recent changes in the tax laws? To be more specific, how has the law changed regarding the types of income which will now be taxed, and will the taxpayer also get the benefit of deductions from income which were not allowed in the past? A. Perhaps the most significant change in tax legislation provides for the introduction of a tax on capital gains. Other types of income which are taxed as of January 1, 1972, include Unemployment Insurance benefits, Adult Training Allowances, Research grants, Scholarships or fellowships in excess of $500, payments which an employer contributes on an employee's behalf to a public medical care plan and payments from an income maintenance plan to which an employer has contributed. Q. What about changes in allowable deductions from income? A. With regard to deductions from income, the personal exemption has been raised to $1,500 from $1,000 for single persons, and to $2,850 from $2,-000 for married persons. In ad- dition, all taxpayers age 65 and over will receive a special exemption of $1,000. Q. Are there any new deductions which will affect certain groups of taxpayers? A. Many taxpayers will be interested in new legislation which allows a deduction from income for child care expenses, the cost of moving from one job location to another and an employment expense deduction of up to $150 per year. It might also be well to note that changes have been made regarding the limitations contained in the Income Tax Act for charitable donations and for contributions to a Registered Pension Plan or a Registered Retirement Savings Plan. Formerly, a taxpayer could deduct charitable donations from his income to the extent that such donations did not exceed 10 per cent of his net income for the year. For 1972 and subsequent years, the 10 per cent limitation was increased to 20 per cent of net income. With regard to Registered Pens i 0 n Plans, the maximum deductible contribution was raised from $1,500 to $2,500 and fiom $2,500 to $4,000 (or 20 per cent of earned income) for Registered Retirement Savings Plans. Q. I have not received a T4 slip from one of my employers. Should I file my tax return without it? A. It is your responsibility to file your income tax return on or before April 30 each year. However, before filing your return without a necessary information slip you should make every endeavour to obtain it. Ask your employer for a T4 slip. If you do not receive a reply before the deadline for filing, then in order to avoid being penalized for filing lr�ie, send your return with the income and deductions from this employer estimated. Do not leave this income out when calculating your total income, and attach a note to your return explaining that you do not have the T4 slip and giving the name and address of your employer and, if you have one, your employee number. Unfortunately, the assessment of your return will be delayed pending verification of the amounts estimated by you. Q. My wife and I are the same age and this year we qualify for age exemption. On my tax form do I claim $1,000 age exemption for my wife as well as $1,000 for myself? A. No. The fact that your wife is entitled to claim the $1,000 age exemption if she files her own tax return does not affect the amount you can claim as married exemption. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) LAST EID OR SALE (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. Cassiar Central Pat. Chirno Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines-Donalda Discovery Mines East Malartic East Sullivan Falcon bridge Frobex First Marltimes Giant Y.K. Granduc Holllnger .21 1.37 .63 2.55 .34 16.75 4.00 9.50 1.05 13.25 1.21 1.36 6.55 3.40 .11 .42 6.30 2.32 29.37V2 .05 (11:00 a.m. Quotes) Pine Point 27.75 Placer Dev. 50.75 P.C. Exp. 2.80 Quebec Man .11 Rayrock 1.05 Radlore .37 Rio Algom 20.12Vj Roman Corp. 7.10 Sherritt Gordon 15.75 Steep Rock 2.00 Tek Corp. 4.40 Texmont .30 Upper Canada 2.75 Western Mines 2.61 Wright Hargreaves .93 Willroy 1.15 Windfall Yellowknife Bear Glendale Grt Cdn Oil Gen Motors Gr Lakes Pr Gulf Oil Cda Greyhound Hawker Sid Hur & Erie Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept ,08'/i Kaps 3.80 Laurentlde Zenmac INDUSTRIALS Abltibl Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel 68.37V2 Brazil Trac .301/2 B.C. Tel .39 Burns 7.90 B.C. Forest 3.40 B.C. Sugar 44.00 Bow Val Ind 80.50 .32 .72 2.34 2.66 Hudson Bay M-S 22.62V2 CAE Ind Hydra Ex. Iron Bay Iso Joliet Quebec Key Anacon Labrador Lake Shore Langls Sliver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrlm Intern Mogul Nu West Homes Mew Athona New Calumet Noranda NorthgatB Norlex Osisko Cdn Brew Chemcell Col Cell Calgary Power Coron Credit C.W.N. Gas Pfd Cdn Irfd 04Vi Cdn Marconi .60 Cdn Vickers Chrysler C.P.R. Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge .lO'/j Domtar .28 Dom Textile 47.00 Dom Stores 5.65 Dome Pete .28 Dofasco .22 Cable .17 3.90 2.71 .25 .22 42.50 2.90 .75 .10 44.00 .10 .12 13.50 9.50 .08 Kell Doug A Loeb 11.50 Loblaw A 24'.62>/2 Met Stores 14.12'A Massey Ferg 11.75 McMillan Bloe 6.371/2 Moore Corp 12.75 Molsons A 44.12Vi Molsons B 19.75 North Cent 56.50 Power Corp 18.50 Price Co 28.37'/i Rothmans 20.87V2 St Law Corp 48.75 Shell CDA 10.87'/! Simpson's �.l2'/j Simp Sears 4.20 Steel of Cda 2.50 Selkirk A 28.75 Texaco 1.75 Traders Grp A 11.12Vi Trns Mtn Pp 16.00 Trans Cda Pp 4.85 Union Gas 13.87'/2 Union Oil 36.75 Versatile Mfg 16.75 Westeel 27.25 Union Carb 19.12V2 Weston's B 17.50 Woodward's A 40.50 West Cdn Seed 32.75 Zenith Elec 19.12V2 BANKS 9.75 Cdn Imp 15.50 Montreal 47.50 Nova Scotia 28.75 Royal 17.62V2 Tor-Dom 12.50 9.65 76.00 21.50 37.75 21.62'/a I 4.15 33.12V2 51.37V4 I 47.00 30.00 33.37V2 29.50 12.87'/3 I 22.50 19.75 10.62VJ I 12.50 8.00 5.00 6.I2V2 I 25.00 20.37V2 I 27.62V2 I 50.75 30.00 29.00 11.50 12.75 15.371/2 I 17.371/j 19.00 58.00 29.75 50.50 34.25 14.50 66.50 20.00 23.12V2 41.62V2 12.25 20.50 6.50 28.75 18.00 18.25 30.25 6.00 2.65 30.871/2 ] 20.37V: 35.87V2 I 34.25 33.25 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE (11:00 a.m. Quotes) WESTERN OILS AND MINES Alta East 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 Granisle Gt Plains Gt Cdn Oil S Lochiel Lylton Mln Noble Mines North Cdn Oil Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Selbens Spooner Total Pete Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES (11:00 r.m. Quotesl 111-.00 a.m. Quotes) Crowsnest Ind Cygnus A 10.12V2 Cygnus B 6.85 Falcon Copper 13.00 F and M Trust 15.87V2 Genstar 20.37V2 Home A 5.05 Home B 6.75 Hud Bay Oil 4.30 Hud Bay Oil 9.45 Hud Bay A Pfd 10.371/2 Hugh Russell .35 Husky Oil 57.50 Husky B Pfd 4.00 Husky D War 16.871/2 Husky E War 47.00 Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd Magnasonlcs Pacific Pete Pac West Air Rainier Inc Royal Trust St. Maurice Cap Sandwell Teledyne 17.37V2 West Cdn Seed 15.371/2' Westfleld Min 1.45 Weston A Pfd .31 White Yukon .77. .57 34.25 19.00 15.00 .68 8.60 1.22 26.00 7.75 7.75 14.00 8.25 Cdn. Coll Com Com Com In Fd Mul Inter Lev Vent 5.30 5.i 7.01 7.70 I 15.37 16.98 4.17 4.58 8.35 9.18 6.40 7.03 9.40 .31 4.60 10.00 35.25 9.60 3.60 2.48 1.46 7.30 22.00 17 62i<2 Corp Invest Vl 50 Corp In St Fd 5.54 6.1 aa'so Drey Fd U.S. 12.36 13.55 19121/2 G^at Pacific 5.01 5.47 ti'87i/, Gr In Shares 4.32 4.75 60 00 Gr Equity 9.15 10.05 In Gr Fund 12.95 14.16 Invest Mut 6.05 6.61 Mut Accum 6.33 6.96 | Mut Gr Fd Nat Res N.W. Cdn. N.W. Growth Prln Growth 50.50 22.00 42.75 7.90 8.90 12.75 16.00 30.62./2 16.75 Temp Growth United Accum 4.75 52.75 1.20 4.70 4.90 4.27 8.24 5.74 5.67 5.11 7.09 8.65 5.59 8.38 6.21 7.78 PIPE LINE STOCKS Unlver Sav 10.00 Un|vest Vanguard CALGARY Acroll Barons Oil North Cent 6.12V2 west Warner UM VANCOUVER 14.75 Aft on MINES Acres Ltd Aqultalne BC Sugar Pfd Block Bros Brlnco Cdn Brew A Cdn Brew B Cdn Pacific Crestbrook Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans IO.121/2 Gaz Metro 6.30 Gaz Metro A Trans Cda Pips Tr Cda Pipe A Tr Cda B Pfd Atlas Explor ll-\Yh Bathurst Norse Croyden 22.00 Dankoe 12.75 Davenport H.621/2 Dolly Varden 25.00 Equitorlal Res. 13.00 Lornex 4-85 primer 68.50 pyramid 41.75 Silver Std. 76.371/2 Valley Copper 42.00 10.00 23.00 4.95 Inv 17.871/2 Tr Cda War 29.121/2 WC Trans 15.50 WC Trans Wts 3.05 MUTUAL FUNDS 5.871/4 All Cdn Com 8.41 9.19 29.00 All Cdn D1V 33.12V�i All Cdn Ven 27.00 Amr. Gr Fd 5.25 A.G.F. Special INDUSTRIALS Capt. Inter Columbia Brew Hys Canada Key Indust OILS 9.14 9.99 Albany Oils 4.37 4.78 Plains Pete 6.23 6.84 Stampede Int. Res. 3.31 West Explor 4.70 I 9.01 6.31 6.23 5.62 7.38 9.45 6.14 9.21 i 6*. 62 8.53 I .83 .021/2 I .02 .30 7.80 .53 .82 .07 .65 .62 .28i/i I .18 8.25 .311/2 I .21 .75 9.90 3.00 3.25 4.55 .33 1.29 .36 .80 .07 New York stocks (Supplied By Richardson Securities of Canada) Amr. T end T Anaconda Beth. Steel Chrysler Dupont Gen. Motors Comsat Gulf ,nt. Harvester Kenn iCoppej' Mont Ward 51.50 Sears 24.50 Std. Oil of N.J, 26.75 Texas Gudf 36.75 Texas Co. 171.50 Wlx Corp. 75.621/j Woolworth 55.12V2 Westlnghouse 26.62V2 U.S. Steel 32.75 Gen Tele Elec BJ.25 TORONTO AVERAGES 112.75 20 Golds 223.60 up 1.41 93.25 10 Base Mets 98.69 up .55 121.87'A 15 West Oils 285.77 up .95 40.25 Volume 1,478,000 23.00 NEW YORK AVERAGES 26.12'/! 30 Indust 980.89 up 2.69 39.12V2 20 Ralls 204.16 up .78 30M 15 Utilities 113.62 up .04 65 Stocks 310.72 up .7a If you worked in1972, you'll get aT4 income tax slip from your employer covering your earnings. If you received Unemployment Insurance benefits in1972, you'll also receive aTMJ sup fromUIC 1. When your T4U arrives in the mail, please keep it Just like the familiar T4, it must be attached to your federal income tax return. Tax withheld on your T4U is applicable to your total tax payment due. 2. If you haven't received your T4U. please don't telephone. If possible, visit your local Unemployment Insurance Canada office, Canada Manpower Centre or Canada Post Office and Jill out and mail the card we designed for this purpose. Soon after you will receive your duplicate T4U. Unemployment Insurance Assurance-chomage Canada Canada 23.37V* 20 Indust 222.75 up l^JVoIum. 7,400,000 ;