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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 12, 1975, Lethbridge, Alberta Wtdntldiy, February 12, 1975 THE LETHBRIDGE HERALD 27 Letter asks gov't to review aid to cattle producers EDMONTON (CP) The 'National Farmers Union cir- culated an open letter to Government negotiates huge loan VICTORIA (CP) The British Columbia government announced Tuesday its second million petro dollar loan. Last December, B.C. Hydro completed the first million with an unnamed Arab country. That loan was negotiated by first Boston Corp. Premier Dave Barrett Tuesday would only confirm that the latest loan was negotiated by White Weld, an international bank with of- fices in New York, London and various European capitals. He said it was not the first time B.C. had dealt with White Weld. Tuesday's announcement brings Hydro borrowings over the last months to million. Of that total million has now been obtained from Arab countries. As with the previous loan, the latest borrowing is com- pletely in Canadian funds with million maturing in 1984 and the other million a year later. The interest rate is 8% per cent and the bonds will sell at a price of to yield 8.70 per cent. Oil sands prof it up TORONTO (CP) Great Canadian Oil Sands Ltd. reports a 1974 profit before ex- traordinary gain of on revenues of This compares to a loss of on revenues of in 1973. Including the extraordinary gain, profit for .1974 was The extraordinary gain results from a reduction in income taxes. Results for the fourth quarter before extraordinary gain showed a loss of caused chiefly by the new tax measures in the November federal budget and by the retirement of certain equipment that added million to costs. Revenue up TEHERAN (AP) Iranian oil revenues quadrupled to close to billion in 1974, the chairman of the National Ira- nian Oil Co., Manuchehr Eghbal, announced in com- pany's annual report publish- ed today. In 1974, Iran produced about 350 million cubic metres of per cent more than in exported about 312 million cubic metres, of which only 24.3 million cubic metres were direct exports by the Iranian Oil Co. Crews load wheat on big tanker VANCOUVER (CP) The Amoco Cairo, the largest tanker ever to enter Van- couver harbor, began to load a 4.8 million bushel shipment of wheat Tuesday. The wheat is a gift of the Canadian government to Bangladesh. It is estimated the- cargo, which will weigh nearly long tons, will take a month to load. The Herald Business Light mid-session trade TSE lower price trend continues MLAs in the Alberta legislature Tuesday reviewing the union's four point proposal for assistance to Alberta cattle producers. The letter detailed aid ex- tended by the province of Quebec to its beef producers and requested the Alberta government reconsider its re- jection of the NFU proposals. Bill Dascavitch, the union's Alberta regional co or- dinator, said the action was prompted by pressure from members who are ex- pressing concern over the lack of success by the provincial government in developing promised markets for cattle. He said farmers were en- couraged by provincial incen- tive programs in 1972-73 to ex- pand cattle production and were told by provincial government representatives "you grow them and we'll sell them." Mr. Dascavitch said current prices to the farmer for plain and finished cattle are roughly half of their cost of production and many farmers are liquidating their herds at sacrifice prices. Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS AND MINES Alton Mines Albany Oil Alta East Gas Alminex Asamera Ashland Oil BP Canada Brenda Mines Cda South Cdn Ex Gas Cdn Homestead Cdn Ind Gas Oil Cdn Long Is Cdn Super Chlehan Dev Dome Pete Dynasty Nufort Res Giant Mascot Gibraltar Mines Granisle Gt Cdn Oil S Lochiel Ex Lytton Min North B.C. warns. natural gas producers VANCOUVER (CP) -The British Columbia government has sent letters to some natural gas producers in the province, warning them they must improve their perfor- mance or face drastic action by the government, Resources Minister Bob Williams said Tuesday. Mr. Williams indicated the drastic action could be a government takeover of com- panies that refuse to produce available natural gas in hopes of acquiring huge profits later. Speaking in a brief inter- view on CBC television, the minister said the NDP government will have "no fear and no regrets" in acting against multi national cor- porations in order to ensure a good supply of natural gas for B.C. customers and for ex- port. He did not specify which companies have received the government letters or which he thinks are refusing to produce as much gas as they :h Cdn Oil Numac Oil Pancdn Pete Pan Ocean Petrol Paloma Place Gas Ponder Ranger Oil Scurry Rain Seibens Spooner Total Pete Ulster Pete United Canso West Pete West Oecalla MISCELLANEOUS INDUSTRIALS Acres' Ltd Aquitaine BC Sugar C Pfd Block Bros Canbra Foods Cdn Pac Inv A Pld Cdn Pacific Inv Carting O'Keefe A Pfd Darling O'Keefe 8 Pfd Comni Cap Corp Crestbrook Ind Crowsnest Ind Falcon Copper F M Trust Co Genstar Home Oil A Home Oil B Hud Bay Co Hud Bay Oil Hud Bay A Pld Hugh Russell Husky Oil Husky Oil B Pfd Husky Oft E War Interprov Pipe Interproy Steel Kaiser Res Kaiser Res War Loblaw Co C Pfd Magnasonics Pacific Pete Pe-Ben Oilfield Serv 3.80, .33 5.50 10.75 10.50 3.25 2.14 2.65 3.45 7.1214 .14 29.50 6.3714 25.50 8.00 .13 .67 4.65 12.50 7.87'A 1.15 1.12 4.30 10.25 9.12VS .63 .25 .45 20.00 13.75 8.50 .25 5.75 .63 8.00 3.85 4.50 6.8714 17.6214 12.25 3.10 3.25 29.50 14.75 19.00 22.00 2.10 3.90 22.00 5.00 17.75 22.75 21.50 15.6215 24.75 31.00 57.00 16.3714 33.50 4.65 2.06 16.00 6.87V. 3.95 27.00 1.75 3.70 Royal Trust Sandwell Teledyne Traders Grp Pld Trimac Wostfleld Min Weslon A Pld White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gas Metro .A Pfd Inland Nat Gas NSCGas N C Gas B Pfd Trans-Cda Pipe Trans-Cda A Pld Trans-Cda 8 Pld Trans-Cda War WC Trans WC Trans War CALGARY Acroll Barons .Oil N. Continental Western Warner VANCOUVER MINES Bathurs! Norsemines Cima Resources Dankoe Davenport Lornex Northalr Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS August Petroleum Plains Pete Stampede Int'l Resources MUTUAL FUNDS All Cdn. Compound All Cdn. Dividend All Cdn. Ventures American Growth Fund A.G.F. Special Cdn. Investment Fund Eaton Commonwealth Eaton Leverage Eaton Int'l Venture Corp. Investors Corp Investors Stock Fund Oreylus Fund U.S. Grouped Income Shares Growth Equity Investors Growth Fund Investors'Mutual Mutual Accumulating Nat. Resources N.W. Cdn. N.W. Growth' Principal Growth Royfund Templeton Growth United Accumulative Universal Savings Vanguard 24.00' 6100 4.70 10.75 5.00 1.10 50.00 12.50 56.00 15.75 6.00 50.00 12.00 11.25 20.00 11.25 61.25 32.25 1.00 22.62U 2.55 .33 .05 .02 .15 1.22 .51 2.40 .77 4.85 .13 1.23 6.25 .06 1.50 -18V4 '.11 .70 5.08 5.43 2.18 3.79 5.37 4.21 12.35 2.83 2.62 5.33 3.99 8.86 2.51 5.24 10.48 4.98 5.08 3.55 4.47 3.77 2.67 5.17 7.23 3.8? 7.04 4.18 Toronto mines, industrials (Supplied by Richardson Securities of Canada) WANTED Aggressive Male or Female to manage small Real Estate Company. Must have experience. APPLY TO BOX 141, HERALD REALTY BOX 584 GRANDE PRANK. ALBERTA 5329004 T1V IT WON'T LAST acres of Prime Farm Land available In the Beautiful PEACE RIVER COUNTRY. Also suitable for large cattle operation. NOW! UNIFIED INSURANCE AGENCIES LTD. MEAL ESTATE DEPARTMENT PHONE -1.403-532-9004 or Wrilt Box 584, GRANDE PRAIRIE, Acme Advocate Asb. Akaitcho Braiorne Broulan Bethlehem Bovis Brunswick Can. NW Land Tung. Cassiar Central Pat. Chimo Coriwest Cons. Rambler Coin Lake Cochenour Craigmont Dlckenson Mines Oenison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Marltlmes Giant Y.K. Granduc Holllnger A Hudson Bay MiS A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr. Addjson' Key Anacbri' Labrador Lake Shore Langis Silver Madsen R.L. Malarlic Q.F. Martin McNeely Maclntyre Mela Midrim Intern Moi NuWest Homes New Athona New Calumet Noranda Northgate Norton Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radfore Rio Algom Roman Corp. Sherrltt Gordon Steep Rock Sunningdale Tek Corp. A. Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Wlndlall Yellowknlle Bear Zenmac INDUSTRIALS Abltibl Alcan Atgoms Steel Atco Ind Agra Ind Bell Tel Brascan A BCTel Mogul I Home Forest Sugar Valley Ind Ind Power Foods Cellulose 3.20 O'Keele Chemcell Gas Pld Ind Marconi VIckers 8.00 Bathurst Gas Seagrams Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil .62 Hawker Sid Walker A Erie Oil A A Nickel Pipe .14 Grp A Int'l Ltd .1114 Douglas A Laurentide A .14 Ferg McMill Blond Corp A B Cent Corp Co 11.87 CDA 1.01 Sears Steel Can A A Grp A Mtn Pipe 1.60 Can Pipe Union Carbide Gas Oil Slscoe Mfg A Imperial Scotia Dom 10.25 14.50 21.3714 12.6214 13.00 7.00 24.75 3.25 7.00 2.32 3.80 8.25 18.75 3.30 13.75 10.3714 16.1214. 27.25 24.50 35.00 20.00 18.75 6.50 17.50 25.25 24.25 1.55 7.75 36.1214 16.00 28.50 14.75 5.00 40.00 24.75 26.75 28.25 22.87'A 14.1214 6.75 10.75 19.50 6.00 2.11 5.25 8.25 3.15 14.00 14.75 23.50 43.75 17.6214 16.75 8.1214 11.00 3.70 9.00 13.25 10.50 15.00 8.25 10.6214 27.50 13.25 3I.EO 10.25 11.25 1B.50 8.75 8.25 3.75 6.8714 25.50 22.00 21.75 39.75 30.50 39.00 TORONTO (CP) Prices on the Toronto stock market declined moderately in light midmorning trading Wednesday, continuing the trend of the three previous days. The industrial index was off .61 to 179.56 and base metals .IB to 66.40. The gold index rose .62 to 403.93 and western oils .38 to 156.78. Elks Stores fell to Falconbridge Nickel V4 to Noranda A Vz to Harding Carpets C to and Imperial Oil A to Winnipeg grain WINNIPEG (CP) Oilseeds posted major gains through mid-session Wednesday in moderate activity on the Winnipeg Commodity Exchange. Flax was up as much as 20 cents a bushel, hut most other commodities only moved marginally in either direc- tion. Tuesday's volume of trade was 000 bushels of feed wheat, of oats, of barley, of rye, of flax, of rapeseed and nil of corn. Mid-session prices: Thunder Bay rapeseed: May 8V4 higher G.86B: July unchanged: Oct. and Nov. not bpen. Vancouver rapessed: Mar. 10 higher Sept. 11 hipher 6.86A; Nov. nine higher 6.75A. Flax: May 14 higher g.SOB; July 20 higher 8.44B; Oct. 18 higher 8.2EB; Nov. not open. Feed wheat: May 1% higher July and Oct. not open. Mar. Ve lower 3.50A; May and July not open. Barley: May ft higher 2.7014; July and Oct. not open. Oats: May 'A higher July unchanged 1.B014B; Oct. not open. Rye: May higher'2.66'AA; July 1% higher 2.G33.'4A; Oct. not open'. Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Wednesday at the Calgary public stockyards totalled head, mostly good-quality, slaughter steers. Trade was moderately active on steers and heifers and active to strong on cows and bulls. Steers sold 25 cents 59.50 cents lower. Heifers sold 50 to 75 cents lower. Cows met a broad local demand, selling higher for quality. Steers, Al, A2: 33.50-35.10, A3: 32-33. Heifers, Al. A2: 32.50-34. A3: 31-32.50. Cows, Dl, D2: 21.50-23.50. D3: 20-21.50. D4: 18-20. Bulls, good: 1B-21. There were insufficient feeder cattle on offer to establish a market. Bowater Corp. rose 90 cents to MacMillan Bloedel Vi to and Bow Valley to Westlield Minerals lost 10 cents to Consolidated Marbenor seven cents to 45 cents and East Malartic five cents to Cochenour Willans gained nine cents to and United Sisco five cents to Asamera was up Vt to United Canso to and Nu- mac to MONTREAL (CP) Prices were mixed in moderate trading Wednesday on the Montreal Slock Exchange. Papers were up 0.65 at 104.14 and utilities 0.09 at 13B.30, but banks lost 0.83 to 247.08. industrials 0.40 to 182.93 and the composite 0.34 to 180.88. Chrysler tacked on to and Royal Bank H to but Toronto Dominion losl to Husky Oil H to and Imperial Oil A to Among speculative issues, Guspe Quebec was up five cents to on turnover of shares. VANCOUVER (CP) Trading was light and prices up at the opening Wednesday of the Vancouver Stock Ex- change. Early volume was shares. In the Industrials, Austin Investments was unchanged at .37. In the mines, Anglo Bomarc was up .05 at .85. In the oils, Seneca Developments down .04 at Curb exchange volume was shares. Mark V was down .10 at NEW YORK (AP) The stock market turned all early dull session into a broad-based advance Wednesday, despite the Lincoln's Birtllday holiday. Al noon, the Dow Jones average of 30 industrials hail climbed 2.90 to 710.50, reversing losses of more than two points in the opening hour. Gainers built a three-to-two edge over losers on the New York Stock Exchange. The NYSE's composite index of all listed common slocks gained 0.32 at 42.09. Among Canadian Issues on the NYSE. Dome Mines was up to Campbell Red Lake Alcan Vi lo and Canadian Pacific lo International Nickel was down 'A to Massey Ferguson was unchanged at GET TICKETS NOW! Next Draw February 23rd Fourth Early Biro Draw WINNING NUMBERS Fun Seekers trip for two to Hawaii A573411 Wins automobile A525089 Wins Cash Prize LOCAL ORGANIZATIONS BANKS TRUST COMPANIES CREDIT UNIONS TREASURY BRANCHES 1975 JBUX can gam Watch this space for important news on how you can save for your own home-. and save on your income tax too. Very shortly, Royal Trust will announce a new plan that can make life a lot better for you. will be called a Registered Home Ownership Savings Plan. And we want you to know about it first. If you don't already own a home (within the meaning of the legislation applicable to such this new plan allow you to put away so much each year towards buying one. Your contribution will be deductible from your taxable income. And when you take it out to buy that dream home, you still will not pay taxes on it. Sound wonderful? It is. It's a once-in-a-lifetime opportunity from Canada's largest trust company and national Real Estate Company. New York (SipfrflH by Richardson Securities of Cinada) Amr. T T 49.50 Woolworth 13.37'A Anaconda 15.50 Weslinahouse Elec 11.62V4 Beth Stwl 29.75 US. Stoel 47.37V4 Chrysler Gen Tel Elec 21.50 Comut 32.75 TORONTO AVERAGES Dupont 97.00 20 Industrials 179.81 down .36 OeiwulMoton 36.25 20 'Golds 40S.83 up 2.50 Gulf 10 Base Metals 66.22 down .34 Inl HcrvMWr 13.37V, 15 Western oils 156.73 up .33 Copper Volume Monljomwy Wlrd 18.25 NEW YORK AVERAGES 20 Industrials 710.50 up 2.89 Exxon 72.75 20 Rails 159.45 up. 14 Texas Gull 27.00 15 Utilities 80.77 up .15 Texas Co 25.00 65 Slocks 228.84 up 1.02 Wlx CorporaHon 11.1214 Volume I I I I I Please send me further information on your Registered Home Ownership Savings Plan without any obligation on my part. Name___________________________ Address_________________________ Tetephone- Register Home Ovvnershp Savings Plan Royal Trust 740 4th Avt. South, Ltthbridgt, Albtrta 328-5516 I I I I I ;