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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 12, 1974, Lethbridge, Alberta Market prices mixed in active TSE trade The Herald Tuttday, February LETHBRIDGE HERALD-19 Business TORONTO (CP) Prices on the Toronto stock market turned mixed in active mid- morning trading today. The industrial index, consid- ered the main indicator of market trend, was up .28 to 211.78. Golds were off 16.5 to 567.61, base metals .13 to 108.07 and western oils 2.00 to 253.18. Volume by lla.m. was 2.01 million shares compared with 2.41 million at the same time Monday. MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange today. Volume at a.m was shares, compared with at the same time yesterday Industrials fell .85 to 23608, the composite .41 to 221.19 and papers .10 to 128.01 while banks rose .87 to and utilities .47 to 140.20. Imperial Oil fell to International Nickel to and Husky Oil to while Chrysler Corp rose Vz to and Qominco to Among speculative issues, Chibex Ltd. fell 28 cents to trading shares. Chicago markets CHICAGO (AP) Corn and soybean oil futures advanced the limit on the board of trade Monday, but profit- taking cut corn prices before the close while oil futures remained at the top. Wheat, soybean and oats futures rose to near limits, then retreated in the-closing minutes. Soybean meal gained at a ton. Opening buying in the soybean market was largely a carry-over from Fnday when soybean oil advanced the limit. After a time, there was some limited trade in all soybean oil options. There was an unconfirmed report again that Russia still was seeking feed grains for her expanded livestock herds and this was a strong buying factor in corn and oats futures. Wheat: Mar 5.92; May 5.65; Jul 5.02; Sep 4 95; Dec 4.93. Corn- Mar 3.07; May 3.11; Jul Sep 3 07; Dec. 2.80; Mar 2.85. Oats: Mar May Jul 1 70. Sep Dec. 1.72% The Chicago Board of Trade, the New York Commodity Exchange, and the New York cocoa, coffee and sugar exchanges are closed today for Lincoln's Birthday. Stock exchanges are open. Currencies MONTREAL (CP) Tuesday's mid-day foreign exchange nominal selling rates supplied by the Bank of Montreal: Australia dollar 1.475 Betmuda "dollar 1.02 China renminbi .4910 France franc financial 1980 Germany mark .3650 Italy lira commercial .001540 Japan yen .003350 Mexico peso .0805 Spain peseta .0175 Switzerland franc .3100 United States dollar .9820 United Kingdom pound 2.22 U.S.S.R. ruble 1.3395 Quotations in Canadian Funds. Declines outnumbered ad- vances 198 to 132 with 198 issues unchanged. Trust and loan, commu- nication, merchandising and bank stocks were among sec- tors of the market to advance while real estate, industrial mining, oil refining and bever- age issues were.lower. IAC rose to Moore Vz to Noranda A to and Bell Canada Vt to Market trends VANCOUVER (CP) Prices were" mixed Monday in heavy trading on the Vancouver stock exchange. Volume at the close was shares. On the industrials board. Block Brothers was unchanged at 70 on shares. Newmark Resources was up .05 at on shares. Captain International fell .01 to .60 on shares. Tokar Ltd. was unchanged at on Jolly Jumper was down .10 at and Hobrough was unchanged at Most active issue in the mines was Dolly Vardon. up .03 at .57 on shares. Northair fell .10 to on shares. Avino was down .01 at .54 on shares. Barrier Reef was up .10 at on shares. Consolidated Fortune Channel was unchanged at .36 and Arcadia was up .02 at .50. Galveston led trading in the oils, up .05 at on shares. Freehold was up 05 at on shares. Rose Pass rose .05 to .45 on 21.500 shares. Vargas was down half a cent at .23Vz on shares. Western Explorations was unchanged at .07 and Vargas Warrants were down .02 at .77. NEW YORK (AP) The stock market lost more ground today but appeared to be steadying after Monday's sharp decline. Declining issues outnumbered Canadian Cellulose fell to Pacific Pete ft to Oil A to Steint- ron to and Koffier Stores to Campbell Red Lake was off 2 to 183, Sigma to and Quebec Sturgeon to United Siscoe was up to Scurry-Rainbow was down 1 to Great Canadian Oil Sands to and Chieftain Vz to Siebens gained to Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited gamers by more than two to one at mid-day on the 'New York Stock Exchange. But the Dow Jones 'industrial average was down only 2.74 at 801.16 at noon after a decline of more than four points earlier. British Petroleum was the NYSE's most active stock, down at in trading that included a transaction and several smaller blocks. The NYSE composite index of all its listed common stocks was down 0.19 at 48.38. On the American Stock Exchange, the market-value index was off at 92.53. Other NYSE stocks being traded actively included Exxon, down Hi at trading at new 1973-74 lows, and Phillips Petroleum, off 1% at A. T. and T.. up Vt at was one of the few active issues posting a gain. The Amex volume leader was Giant Yellow-knife, down at in what brokers described as profit-taking after some recent steep gains. Among Canadians on the New York exchange, Dome Mines lost to Mclntyre 1 to International Nickel to Seagrams Vt to and Hiram Walker W. tottlVi. Alcan gained Vfe to Canadian Pacific to and Hudson Bay to Massey-Ferguson was unchanged at Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Tuesday from the Calgary public stockyards totalled about head, mostly butcher steers and cows. Trade was slow on steers and heifers and active on cows and bulls. All classes of butcher steers and heifers met an indifferent demand selling about lower. Butcher cows sold with a good demand at SO cents or more higher with grain fed heifery kinds to Bulls sold fully steady. -Steers Al and 2 48 to 49.70, A3 46.50 to 48, A4 44.50 to 46.50. Heifers A3 41 to 42.50, A4 38 to 41. Cows Dl and D2 33.50 to 35, D3 32 to 33.50. D4 27 to 32. Good bulls 40 to 43. A few heavy feeder steers sold about steady from 43 to 46. Hogs fob Calgary to 11 a.m. average basrprice 47.05. Calgary 47.05 Lethbridge Nil Lloydminster nil Fort Macleod Nil Grande Prairie Nil Fairview Nil Total hogs sold 329, total hogs sold Monday average 47.23. Sows average 34.05. Winnipeg grain Hog prices EDMONTON (CP) Average prices to 11 a.m. Tuesday provided by the Alberta Hog Producers Marketing Board with Monday average in brackets: Edmonton 47.30 Red Deer: 47.15 Tax tips For further information, call the District Taxation Office. If yon live in a toll area, ask your long distance operator for ZENITH 0-4000 and your call will be placed without charge. Q. Are child care expenses deductible for all children regardless of their age or is the age of the child important at all? A. Yes. Expenses are deductible for children who are under age 14 at any time during the year or, if the child is 14 or over, he must have been dependent upon his parents because of physical or mental infirmity. Q. What kind of expenses are deductible? A. Deductible expenses include costs of baby-sitting and day nursery care, and up to per child per week for lodging paid at boarding schools and camps. If child care expenses are to be deductible, they must be for care in Canada: furthermore, payments for such items as clothing, transportation, education or medical care are not considered to be child care expenses. Q. Must I keep receipts for child care expenses? A. Yes. Deductions claimed for child care expenses most be supported by receipts. The name and address of the person to whom you make payments for child care most be provided on all receipts. Except for an organization such as a day nursery, the Social Insurance Number of the recipient must also be included on the receipt. Yon will not be required to attach these receipts to your return but you most keep them in toe event the Department wishes to inspect them. Q. How much may be deducted for child care expenses and does it matter to whom the payments are made? A. A taxpayer may deduct the amount actually spent on child care provided it does not exceed the least of: per child, or for the family, or of the taxpayer's earned income for the year. There are two further requirements regarding the person to whom child care payments are made. First, child care expenses are not deductible if they are paid to a person claimed as a dependant for tax purposes by either of the parents, or to a person under 21 who is related to either parent by blood, marriage o% adoption. Secondly, any allowable deduction for child care expenses must be supported by a receipt which indicates the name, address and Social Insurance Number of the person to whom payments were made. Q. Can a father deduct babysitting fees from his income? A. Child care expenses can be deducted by the father if, during the year, be was single, widowed, divorced or separated by a written agreement. He may also make the deduction if the mother is incapable of caring for herself or the children or if she in confined for 14 days or more to bed, hospital, wheelchair, mental hospital or prison. The father's deduction is limited toflS per week for each chad up to 160 per week. The same limitations of per child or per year for the whole family also apply in this case. Q. When the father and mother both work, can either of them claim the child care expenses? A. No. When both parents work only the mother can claim the child care expenses. Q. Can a mother hire her older child as a baby sitter? A. The rule is that a mother cannot claim the amounts paid to a person who is under age 21, and related to her or her husband by blood, marriage or adoption, or if the person is claimed as a dependant WINNIPEG (CP) All commodities turned slightly lower in an extremely dull trade at mid-session on the Winnipeg Commodity Exchange today. The quiet session reflected partially the closing of United States markets to mark the bjtthday of former president Abraham Lincoln. Flax declined as much as 18 cents with a lack of buyer interest while rapeseed worked steadily lower in a mild exchange of business. Volume of trade Mon bushels of rye, I rapeseed and of flax Mid-session prices: Flax: May 18 lower 11.7W lower 11.30A; Oct. 7 lowe Nov. not open. Rapeseed Vancouver: Mi lower 7.SOB; June 15 lower 7 JOB; Sept 7 lower 6.85A; Nov. not open Rapeseed Thunder Bay: lower 6.2ZB: July 10% higher Oct. unchanged 6.22B: Nov. unchanged 6.2ZB Rye: May 2% lower July 5% higher 3.14% Oct. and Dec. not open. WINNIPEG (CP) Grain quotes Monday basis Lakehead: High Low Flax May 1189 1184 Jly 1140 1135 Oct Nov Rapete'.d Vaacoover Mar 767% 764 Sep Nov Rapefeed Under Bay May Jly Oct Nov Rye May Jly Oct Dec WESTERN 4.90 AND 7.37Vi Afton Cdn Seed 3.35 Albany Min 1.23 A Pfd 59.12% Yukon 8.62V. Ashland LINE STOCKS Alta East Gat A 12.12% BP Gas Pfd 63.00 Brenda Nat Gas 18.50 Can Nat Gas 9.75 Cdn Ex Metor 5.87V, Cdn Metro A Pfd 64.00 Cdn Ind Gas and C Gas 12.25 Cdn Long and C B Pfd 22.25 Trans 10.50 Cdn Can 33.50 Dome Can A Pfd 62.75 Can B Pfd 36.25 Fort Can Pipe War 4.90 Giant Trans 23.87% Gibraltar Trans Wts 4.00 Gt Gt Cdn Oil .71 Lochiel Oils .15 Lytton Cont'l .02% Noble Warner .30 North Cdn Pancdn Explor .34 Pan Norse 1.35 3.60 .62 pface Varden .58 Res .18 9.50 Scurry Mines 3.70 .14 Spooner Total .14 Silver standard 2.22 Ulster Copper 9.75 United West Brew 3.05 W. Indus .14 1.51 INDUSTRIES Acres Pete .68 Pete .21 BC Sugar A Pfd Block Explor .90 Stamp Intl Res .80 Cdn Pac Inv A FUNDS Com Cap Corp Carling O'Keefe A Pfd Carling O'Keefe B Pfd Crestbrook 23.62% 29.00 Cdn Compound 6.26 6.80 All Cdn Dividend 6.63 7.21 All Cdn Ventures 3.47 3.77 Amer Grow F 4.41 4.85 Crowsnest Special 2.36 Falcon Copper P and M 62% Invest F 4.85 5.31 Collect Mutual 5.08 5.51 inter 13.40 13.40 Global Com Leverage 3.14 3.14 Home A Home Venture 5.56 5.56 Corp Invest 6.23 6.85 Hud Bay Co-Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil Husky B Pfd Husky D War Husky E War Hys of Canada Inter Prov 44.50 50.00 54.75 19.37% 39.62% 5.37% 8.50 3.15 Invest S F 4.72 5.19 Dreyfus Fund US 10.14 11.11 art-Pacific 4.55 4.97 Grpd Income 3.01 3.31 Grow Equity 7.24 7.96 Invest Grow F 11.84 12.94 Invest Mutual 5.63 6.15 Mutual Accum 5.93 6.51 Mutual Grow F 3.13 3.45 Nat Resources 4.82 5.50 Inter Prov Steel Kaiser Cdn 5.18 5.69 NW Growth 4.29 4.71 Loblaw c Grow 4.35 4.78 Magnasonics Pacific Mutual 7.34 8.03 Royfund 6.70 6.97 Pac West Growth 7.34 8.04 Pe-Ben Oilfield Rainier Accum 4.32 4.80 Univer Savings 7.87 8.65 Royal 5.73 6.29 5.65 6.19 Toronto mines, industrials 313V. Beef futures WINNIPEG (CP) futures close Monday. Mar 53.00; May 54.25A: Jly 54.60A: Sept 54 ION Friday's volume: No contracts. WINNIPEG (CP) GoM Mores. US. funds. Winnipeg Exchange dose Mobby. Apr 74 -154 30: Jhr 74 74 166 W; Jan 75 172.00B: Apr 75 17R.OOB. Friday's TOtane: SOS contracts. MONTREAL