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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 11, 1974, Lethbridge, Alberta The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Midland Doheriy WESTERN 4 90 AND 8 00 Mlon Cdn Seed 3 40 Mbany Mm 1 21 A Pfd 59 50 Yukon 8 50 LINE STOCKS Mta East Gas A 1200 3P Gas Pfd 63 00 3renda Nat Gas 18 50 Nat Gas 14 62 ;dn Ex Metro 5 87V4 Jdn Metro A Pfd 64 00 ;dn Ind Gas and C Gas 12 ;dn Long and C B Pfd 23 50 Trans 10 50 ;dn Can Pipe 33 )ome Can A Pfd 62 75 Can B Pfd 36 50 "ort Can Pipe War 4 80 3iant Trans 24 00 Gibraltar Trans Wts 3 90 3t Plains 3t Cdn Oil 79 _ytton Mm tobte Oils 14 North Continental Cdn Warner 28vi 3ancdn Explor 35 Norse 1 47 3 30 3lace 67 Varden 56 Hanger Oil Scurry Ram 21 25 16 20 Lornex 9 50 Northair Mines 3 75 14 'otal 14 Standard 2 20 Jnited Copper 9 65 Vest Vest Brew 2 95 Indus 14 1 55 Veres Vquitame )C Sugar A Pfd JoCk 1450 Pete 70 Plains Pete .22 Pond Explor 94 ;dn Pac Inv A Pfd ;om Cap Corp Jarlmg O Keefe A Pfd ;arlmg O Keefe B Pfd 235 2375 2925 8 Intl Res 84" MUTUAL FUNDS All Cdn Compound 6 36 6 91 All Cdn Dividend 6 72 7 31 All Cdn Ventures 3 50 3 80 'rowsnest Grow F 4 52 4 97 arhng O Keefe alcon Copper and M Trust 1175 Special 2 42 Cdn Invest F 4 87 5 34 Collect Mutual 5 08 5 57 Inter 1344 ilobal Com Leverage 318 ome A omc Venture 5 57 Corp Investors 6 26 6 88 ud Bay Co ud Bay Oil ud Bay A Pfd ugh Russell Pfd usky Oil usky Oil B Pfd usky D War usky E 44 5000 5525 2025 39 600 Invest S F 4.88 5 25 Dreyfus Fund US 1025 11 34 Grt Pacific 4 55 4 97 Grpd Income Shares 301 3 32 Grow Equity 731 8 03 Invest Grow F 11 86 1296 Invest Mutual 5 65 617 Mutual Accum 5 93 6 52 ys of Canada iter Prov Pipe iter Prov Steel aiser Res oblaw C Pfd lagnasonics acific Pete ac West Air e-Ben Oilfield a t flier 650 1525 425 2575 550 3300 750 Grow F 314 346 Nat Resources 4 85 5 33 NW Cdn 5 20 5 71 NW Growth 4 36 4 79 Prin Growth 4 38 4 81 Prov Mutual 7 34 8 03 Royfund 671 6 98 Temple Grow 7 35 8 06 United Accum 4 46 4 90 Universal Sav 7 89 8 68 oya' Trust 4 75 6 32 Vanguard 5 77 6 32 Monday, February 11, 1f74 TUB LeTHBRIDQE HERALD 19 Prices on TSE slightly higher Arctic oil pipeline work slowed by warm weather COLD FOOT, Alaska (AP) Warm weather, of all things, has slowed work at this trans-Alaska oil pipeline base camp Temperatures in the tens, Newfoundland sets mineral value record Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Com Lake CochenOur Craigmont Dickenson Mines Denison Mines D Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Mantimes Giant Y K Granduc Holhnger Hudson Bay Hydra Ex Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen RL Malartic GF Martm McNeely Maclntyre Mela Midnm Intern Mogul Nu West Homes New Athona New Calumet Noranda Norlhgate Noriex Pine Point Placer Dev Pax Exp Quebec Man Radiore Rio Algorn Roman Corp Shemtt Gordon Steep Sunmngdate Corp A Texroont United Canso WesJern Mines WH Copper Mines Wright Hargrcavcs VWflroy Wmdlall Yefloufcotte Bear Zernnac Abitfbl Alcan Algoma Sleefl Aloo Ind Agra Jnfl SS1J Tel Brascan BCTefl Forest 1 Sugar A Valley ind Ind O'Keefe 1 Cellulose Power Credit Gas Pfd Industries Marconi Vickers Bathurst Gas Seagrams Textile Stores Pete 61 Mobile Cdn Oil Sands Motors Lakes Paper On Cda Sid Walker Erie Oil Nickel Pipe Grp A Infl Accept Douglas A A Ferg Bioed Corp A B Cent Corp Co CDA Sears Canada A Grp A Mta Pipe Can Pipe CartnOc Gas Oil Sisooe Mfg 19 12V4 20.25 2750 1550 925 375, 562V, 650 22 87% 220 975 1750 350 16 62V4 1525 15.25 3337Vi 1725 3925 23 B7'A 9.87 Vi 12 8714 3962V4 687V4 4900 2400 32.87 Vi 17 537% 3987V4 29.50 3600 21.25 8-50 1675 1775 460 5.25 1000 355 575 12.00 1600 3000 2175 2100 7.25 1375 8.25 1500 1937'i 775 1150 31 37'4 ST. JOHN'S, Nfld. (CP) Newfoundland's mineral in- dustry reports a record value for 1973 of million, about 27 per cent above 1972 returns and almost million higher than the value record set in 1970. The province reported producing half of Canada's iron ore last year and the red ore was 86 per cent of the provincial output. The balance was fluorspar and pyrophyllite, an ore used in the manufacture of ceramics. Smaller amounts of silver, gold, copper, lead, zinc and other minerals made up the remainder. The fluorspar mines at St. Lawrence on the south coast are the only such operative Study aimed at reducing crop loss FARGO, N.D. scientists at North Dakota State University say they are continuing studies aimed at reducing wheat crop loss inflicted by the fungi tan spot and leaf blotch. In damp growing seasons the fungi cause crop losses of 13 per cent in major spring wheats and dunims. Plant pathologist R. M. Hosford said that as persistant resistance is bred into future commercial wheats, average yields in wet years should increase to bumper crops as well as reduce the number of infected spores. mines in Canada and have been contributing to the mining industry since 1929. And the industry plans to in- crease production A new million mine was opened last October and is expected to produce 500 tons of ore daily by 1976, possibly doubling production in later years. Several significant deposits of other minerals have been discovered during the last three years, both on the island and in Labrador. The discoveries of copper, lead, zinc, silver, tungsten, gypsum and fluorspar indicate renewed growth in pro- duction in the next several years. Mines minister Leo Barry said the million in returns from mining last year showed the value of the industry to the province "but unfortunately, the government is not getting the revenue it should" and has appointed a royal commission to study the matter. The minister would not dis- close how much of the mineral value was paid in royalties to the province but the 1972-73 estimates said the government expected to receive million. He said the commission will look into the methods the province currently uses to collect revenues in the form of taxes and royalties and will compare rate structures with those of other provinces. J-M HAS RECORD SALES DENVER (AP) Johns- ManviHe has reported record sales of million last year and net income of million, or a share The diversified manufacturing and property developing firm said sales were up per cent from million in 1972. 4875 3362'i 1675 13 800 6.50 Deadline for livestock loss claims.March 30 combined with a shortage of snow, have deterred construc- tion of a road of snow paral- lelling the future pipeline. Crews at the Arctic Circle camp, 100 air miles north of the Yukon River, are constructing the road on an ice bridge across the Yukon, (t will run to the Brooks Range. "We need 30-to SO-below weather to do this kind of work said Mort Schierhorn, project manager "The colder weather makes the snow freeze up faster and harder when we pack it down Eight hundred heavily laden trucks are scheduled to cross the bridge with construction equipment before April, making drops at five road camps. More than million in con- struction equipment is already here. The snow- covered rigs have been sitting idle since ,1969 while a legal battle was being fought over the pipeline. PACKED WITH ICE Crews are building the 75- foot-wide ice bridge by pumping water from the river onto the surface of the natural ice until a five-foot-thick bridge is made. They compact the snow road and let it freeze rock hard This provides a smooth roadway until spring and does not disturb the environment. The ice road melts during spring breakup and the workers remove whatever trees and brush have been used to build up low spots Streams that cross the road wiU flow unhindered in the spring, say pipeline spokesmen. Cold Foot got its name from the 75-below temperatures often experienced here during the winter, and warm weather wasn't one of the problems Schierhorn expected to face. During the warm spell, he said, instead of the water freezing nightly, it took three days to solidify, delaying the job. A bulldozer fell through the ice further complicating the job. But it was recovered and is running again. The camps here will be used as bases for building the per- manent all-weather secondary road from Prudhoe Bay to the Yukon. That road is already complete from Fairbanks to the Yukon. From the permanent road, crews will construct the oil pipeline from the Prudhoe Bay oil fields south. They work bard, but many of them clear a week after taxes. They are racing to beat the warm road-melting temperatures of spring. New terminal Under construction at Ste. Scholastique, Que., 34 miles northwest of Montreal, is the mam terminal for the new Mon- treal international airport, Canada's first designed for the jumbo-jet era. The first terminal pro- vides for rapid-transit communter facilities, although it will be served in the opening stage by a superbus system. Gold price soars to record high LONDON (AP) Gold soared to record levels on European markets today. Dealers blamed fears for the values of paper money amid mounting indications that central banks may soon increase the official price of gold Gold traded at an ounce in London and an ounce in Zurich. The price at Friday's close in London was ZURICH (AP) The price of gold soared to an all-time high of an ounce today on the Zurich market in the wake of mounting indications that central banks in Western Europe may soon increase the official price. Opening prices on the Zurich bullion market, the world's biggest, were bid and offered, up from Friday. The previous record price in Zurich was Jan. 25. The bullish weekend trend was touched off by reports from Johannesburg, the mining centre for the West's gold, that a consortium of West European countries, including France, Italy and perhaps West Germany, might begin buying at a price related to the free market price. The trend picked up because of an interview published today in which French Finance Minister Valery Giscardd d'Estaing said he expected an increase in the official price of gold this year. The dual price system for gold, with an official price set by government central banks and a free market price for trading by private persons and firms, was terminated last November but governments have continued to buy at the official price at that time, an ounce. TORONTO (CP) Prices on the Toronto stock market remained fractionally higher in active mid-morning trading today. The industrial index, consid- ered the main indicator of market trend, was up .07 to 212.09, golds 3.33 to 596.14 and base metals 1.64 to 108.71. Western oils fell .29 to 257.45. Volume by 11 a.m was 2.41 million shares, up from 1.86 million at the same time Fri- day. Advances outnumbered de- clines 213 to 191 with 135 issues unchanged. Merchandising, bank, beverage and industrial mining stocks were among sectors of the market recording gains while communication, paper and forest, pipeline and steel is- sues declined, Texasgulf rose Vz to Dome Pete Vz to Royal Bank V2 to Canada Per- manent to and Toronto Dominion Bank to Husky Oil fell to IU International to Southam Press to Moore to and Inco V8 to East Malartic Mines gained to Tara 1 to and Agnico-Eagle Vg to Ranger Oil was off 2 to and Bonanza International 50 cents to Canada Southern gained to Market trends MONTREAL (CP) Heavy trading highlighted morning activity on the Montreal Stock Exchange today as prices remained mixed Volume at 11 00 a m was shares, compared with shares at the same time Friday Analysts said the high volume was due to activity among gold issues mainly speculatives Papers fell 1 16 to 129 05 utilities 62 to 139 67 and banks 24 to 274 91 while industrials rose 12 to 237 24 and the composite 03 to 22190 Husky Oil fell '2 to Texaco Canada 'A to Vj and Oofasco to while Royal Bank rose to and Pancanadian Petroleum to V2 Among speculative issues, Chibex Ltd fell three cents to 81 trading 102 900 shares VANCOUVER (CP) Prices were up at the close Friday m heavy trading on the Vancouver Stock Exchange Volume was 4 232 226 shares Most active industrial issue was lonarc unchanged at on a volume of 7 000 shares Computrex rose 05 to 50 on a volume of 7000 shares. Great National Land was unchanged at 95 on a turnover of 4500 shares. Daon Developments rose 75 to on a volume of shares Four Seasons traded unchanged at 65 and Captain International dropped 03 to 61 Most active mine issue was Colt down a cent at 66 on a volume of 274-465 shares Cop-Ex dropped 02 to 49 on a volume of 259 750 shares Dolly Varden was down a cent at 54 on a volume of 150 850 shares A vino was up five cents at 55 on a volume of 112 450 shares Northair was unchanged at 70 and Consolidates Fortune Channel rose 04 to 36 Vargas was the leading oil trader down 02 at 24 on a volume of shares Seneca Developments rose 02 to 54 on a volume of shares Vargas Warrants rose 02 to 09 on a volume of 17 000 shares Freehold was unchanged at 70 on a volume of 15 300 shares, August Petroleum dropped 03 to 70 and Five-Star was unchanged at 06 WtW YORK (AP) The stock market encountered some more Monday blues today The noon Dow Jones average of 30 industrials was down 7 43 at 812 97 and declining issues outpaced gamers by more than seven to four in light trading on the New York Stock Exchange The widely watched Dow seemed to be repeating its pattern of last week when it dropped 22 4 Monday Benguet Consolidated was the NV'SE volume leader Benguet shares after a pending distribution were also activeK traded up Hi at The NYSE s noon composite in dex of all its listed common stocks was down 034 at 4909" At the American Stock Exchange the market-value index dipped 0 27 to 9452 Other NYSE issues on the active list including several silver-mining stocks Callahan Mining was up at Hi. Hecla Mining added 1% to S33H and Sunshine Mining rose 1'i to Prices of silver and other precious metals rose sharply in world markets Unionamenca Inc a Los Angeles financial-services company, traded at unchanged m heavy turnover Winnipeg grain WINNIPEG Flax and rapeseed traded actively with limit or near-limit gains at mid-session on the Winnipeg Commodity Exchange today Flax advanced the maximum 30 cents in nearby May futures while Vancouver and Thunder Bay Rapeseed both recorded some earns of 20 cents was moderately active with slightl) higher prices Volume of trade Friday was 384 000 bushels of flax 1.933 COD of rapeseed and 1.016 000 of rye Mid-session prices Flax Mai 30 higher II 89A. July 28 higher 1136B OcL 24 higher 10 85. Nov 12 higher 10 52B Rapeseed Vancouver March higher 7 66A June higher 7 3134A Sept 15 higher 6 87B. >ov 20 higher M5-.B Rapeseed Thunder Bav Mav 20 higher 7 35. Juh 20 higher 6 8BB. Oct unchanged 6 228. Nov unchanged 622B Mav higher 359SA. Juh higher 317HB. Oct, 1 higher 2 S8B Dec unchanged 277B Ilie company offered to buy up to 1 million of its shares at a share Chrysler Corp was up 's at The company as expected reported lower earnings for the fourth quarter of last vear Among Canadian issues on the NYSE Mclnvtre gained 258 to and Hudson Bav to Massev Ferguson dropped ln and Alcan 's to Canadian Pacific was unchanged at International Nickel at and Hiram Walker at On the American exchange Preston advanced to while Scurrj Rainbow dropped 3n to and Canadian Marconi to JS'i Livestock Calgary CALGARY (CP) Keceipts to 11 a m Monday from the Calgary public stockyards totalled about 60 head mostly cows Trade was active and steady Cows Dl and 2 33 50 to 34 50 D3 32 to 33 50 EM 27 to 31 50 There were insufficient feeder cattle and calves on offer to establish quota- tions Fort Macleod FORT MACLEOD On offer by Fort Macleod Auction Market last week were 1 034 head of cattle and caltes All classes of slaughter cattle sold steadv with last week close Good heaw feeder steers and heifers met with only fair demand and sold somewhat lower than last -week Calves on offer of plainer quality were selling steady SLAUGHTER CATTLE Al and A2 steers 51 to 52.50. A3 and A4 steers 4850 to 5050 Al and A2 heifers 43 50 to 44 50 A3 and A4 heifers 42 to 43 50. Dl and D2 cows 33 to 35 03 and D4 cows 25 to 32 good bologna bulls 38 to 41 STACKERS AND FEEDERS Prices reflected increased feed costs and unstable fat market Good heavy feeder steers (850 to I 000 50 to 52 30 good heavy feeder heifers (700 to 800 pounds) 40 to 44 Medium quahtv heifer calves 38 to 45 with one package of good red w bite face -heifers to 47 50 Good steer calves (450 to 550 pounds I with Char-cross 59 80 heavier calves 50 to 53 Good heifer calves (450 to 550 pounds 142 to 45 with Char-cross to 48 I Canadian Freightways I Limited Appointment Canadian Freightways Limited are pleased to announce the appoint- ment of Timothy C. Mat- lock as Sates Representa- tive for Lethbridge and area. Tim was born in Vulcan and raised in Lethbridge where he took all of his schooling. Tim is looking forward to meeting our Canadian Freightways Limited cus- tomers in Southern Al- berta. 2400 1650 630 9.25 4012H 16.25 5000 Woodwards A West Cdn Seed Zenati Bee BANKS Cdn Imperial Montreal Nova Scotia Royal ToTOTrto-Ooro 2025 2075 3-00 260 29.25 19 3800 35.50 3662% New York AJDT TST 17 37 Beiti Sleefl 3875 etec ?500 AVERAGES HmJustrlals 211 94 dcwn OS General GOIds 594 23 op 1 42 Base MeWls JOS 99 wp 1 92 im Western Oils 257 10 64 3.297.000 WlOTVJgfcTnsry YORK AVERAGES 811 25 down 9 14 FUrte 181 79 down 88 Texas 09 Texas 261 67 down 1 99 Wix 7700000 EDMONTON Helmut Entrap, farmers' advocate for Alberta and chairman of the livestock disaster indemnity program, has announced that the deadline for acceptance of retroactive livestock disaster loss and predator loss claims is March 90. This deadline applies to all retro-active claims for losses that took place between Jan- nary and December 31, 1973. When the program was announced towards the end of last year, it was made retro- active to January 1, 1972 for ali proven cases. The deadline for acceptance of livestock disaster and predator loss claims does not apply to losses that occurred after December 31, 1973. The program was initiated to lighten the financial harden of farmers who had suffered disastrous losses to their livestock herds or flocks through a natural disaster and to reduce the financial losses caused by predators. The first part of the program covers disastrous losses to livestock or poultry which arise from such things as floods, bush fires, blizzards at calving time, poisonings and any other cause that could be described as "an act of God." The second part of the program deals with cattle and sheep losses caused by wild animal predaUon Like the first part of the program, the assistance is based on 80 per cent of the animals slaughter value or normal market-value for commercial breeding purposes at the time of the loss Registered Retirement Savings Plan 'B' Now at INTEREST vlWH PLAN "A" SELF ADMINISTERED NOMINAL FEES Out of Respect to the late Gordon F. Leno Our Warehouse Will Be Closed Tuesday, February 12 From 8 a.m. to 1 p.m. BAALIM WHOLESALE LTD. ;