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Lethbridge Herald Newspaper Archives

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Lethbridge Herald (Newspaper) - February 13, 1973, Lethbridge, Alberta Tuesday, February 13, 1973 - THE LETHBRIDGE HERALD - ZX Market advances in active trade TORONTO (CP) - Prices on the Toronto stock market moved sharply higher in extremely active mid-morning trading today. The industrial index, considered a major indicator of market trend, was up 2.52 to 227.14, gold 1.66 to 217.76, base metals 1.55 to 100.90 and western oils 2.64 to 287.69. Volume by 11 a.m. was 1,314,-000 shares compared with 732,-000 shares traded by the same time Monday. Bank, beverage, steel and industrial mining stocks were among sectors of the markets showing pains while construction and material and utility stocks were the only sectors showing declines. Advances outnumbered declines 203 to 87 while 189 issues remained unchanged. Falconbridge Nickel rose 2 to $69, Chrysler Corp. 1% to $40, Elecfcrohome VA to $19, No-randa Mines lVa to $48y4 and Macmillan Bloedel 1 to $30. General Distributors fell IVi to $81%, Leigh Instruments, % to $10 and Abitdto. Paper % to $11. Rio Algom advanced V/b ot $2iy8, Gibraltar % to $ll7/s and Preston Mines Vi to $10y2. Mat-tagami lost Vi to $36. xtartger Oil was up to $35Vb and Chieftain Vi too $17. Canada Southern Pete was down 30 cents to $6.10. Miscellaneous quotations Vancouver, Calgary, Montreal (11:00 a.m. Quotes) WESTERN OILS AND MINES Alta East Gas Almlnox Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil 10.25 Trust 2Vi to 50, Hollinger IV2 to ?46y2 and Royal Trust IVi to $54% w'hfte Andres Wines dropped VA to $48%. On the Canadian Stock Exchange, New Insco Mines gained seven cents to $1.40 on 78,700 stares. MONTREAL (CP) - All sectors gained in moderate trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 558,000 shares, compared with 408,100 at the same time Monday. Industrials gained 3.31 to 252.44, banks 2.S8 to 277.57, the composite 2.79 to 237.71, papers 1.41 to 116.74 and utilities .91 to $54 whie Andres Wines 162.77. On the Montreal Stock Exchange, Falconbridge Nickel gained 2Vi to $68%, National Trust 2% to $683/4, National NEW YORK (AP) - The stock market raced upward today on news of United States dollar devaluation, then pulled back as profit takers moved in. The noon Dow Jones average of 30 industrial stocks was ahead 7.90 to 999.47, after having been up more than 21 points in the first 30 minutes of trading. Advances outpaced declines by 1,070 to 316 on the New York Stock Exchange. The 9.24 million shares which changed hands in 1d3 how? ai �ar the opening bell represented the NYSE's heaviest iirst-hour volume in history. Among Canadians, Mclntyre was up 3 at $49%, Distillers Seagrams % at $46%, Alcan Vi at $25%, Inco % at $33% and Genstar Vs at $17s/8. Dome Mines dropped % to $77%, Hudson Bay 'Mining % at $23 and Walker Gooderham % to $50%. On the American exchange, Brascan advanced % to $20%, Canadian Javelin Vi to $7% and Preston % to $10%. By Gene Fawcette POLY-COWS miry and beef cattle. producing greatly-reduced amounts op saturated fats in milk anp meat, are getting closer. a sp- ally-coated and treated feed has been reported successful in avoiding the usual saturating effects.., ...THOUGH SUCH POLYUNSATURATED MILK. VOW HAS ANOBJCCTlONABliFIAVOR, SCIENTISTS BELIEVE WIS CAH BE OVERCOME.' Neiv firm to locate in 'Hat CALGARY (CP) - Alberta Gas Trunk Line Co. Ltd. and Allarco Developments Ltd. announced Monday formation of a new company to build a methanol manufacturing plant in Medicine Hat'. Plans for the $18.7 million plant were origionated last year by Allarco but Alberta Gas Trunk now becomes an equal partner. The plant is too produce 600 tons of methanol a day from natural gas with construction beginning in April and produc tion in Au Met Stores 25.25 Massey Ferg 15.75 McMillan Bloe 11.37'A Moore Corp 6.50 Molsons A 12.12V2 Molsons B 44.00 North & Cent 20.12Vi Power Corp 57.50 Price Co 18.75 Rothmans 31.25 St. Law Corp 21.75 Shell CDA 46.25 Simpson's 10.87V2 simp Sears 5.871/2 steel of Cda 28.00 Selkirk A 2.45 Texaco 4.25 Traders Grp A 1.85 Trans Mtn Pp Pfd 11.00 Trans Cda Pp 16.62Vi Union .Gas 4.65 Union Oil 13.62V2 Versatlfe Mfg 38.87V2 Westeel 17.87Vj Union Carb 28.62'/i Weston's B 19.00 Woodward's A 17.50 West Cdn seed 41.12V4 Zenith Elec 33.50 BANKS 19.62'/a Cdn Imp 9.25 Montreal 15.50 Nova Scotia 47.75 Royal 26.00 Tor-Dom Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Val Ind CAE Ind Cdn Brew Calgary Power Col Cell 11.12'A Chemcell .25 Ccron Credit C.W.N. Gas Cdn Ind Cdn Marconi Cdn Vlckers Chrysler C.P.R. Comlnco ,10'/2 Cons Bath .13V2 Cons Gas 13.75 Dlst Seagrams 9.75 Dom Bridge .12 Domtar .24 Dom Textile 3.50 Dom Stores 47.12Vi Dome Pete 5.65 Dofasco 18.05 12.50 9.20 74.00 20.25 >�.S0 21.75 4.10 32.75 50.50 47.121/2 30.75 33.50 29.37V2 12.00 23.62