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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 17, 1975, Lethbridge, Alberta -The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Dbberty Limited WESTERN OILS AND MINES Alton Mines Albany Oil Alia East Gas Alminex Asamera Ashland Oil BP Canada Brenda Mines Cda South Cdn Ex Gas Cdn Homestead Cdn Ind Gas Oil Cdn Long Is. 6.00 5.75 7.37'A 3.20 2.23 2.85 3.50 7.62 V, .14 Pacilic Pete Pe-Ben Oilfield Serv Royal Trust Sandwell Teledyne Traders Grp Pld -Trimac Westlield Min Weslon Ptd White Yukon PIPELINE STOCKS Alia Gas Trk A Alia Gas Trk Pld Alta Nat Gas Gaz Metro Monday, February 17, 1975 THE LETHBRIDGE HERALD 27 Light mid-session trade Prices on TSE lower TORONTO (CP) Prices on the Toronto stock market were slightly lower in light midmorning trading Monday. The widely-based industrial index was oft .29 to 184.89, after gaining during the three previous trading days. The gold index dropped 3.66 to 433.02, base metals .30 to 68.16 and western oils .64 to 163.58. Declines outnumbered ad- vances 97 to 89 with 157 issues unchanged. Volume by 11 a.m. was 000 shares, down from at the same time Friday. Cominco fell 1 to Stelco A to Fields Stores Vt to J13W, Imperial Oil A to and Moore Vt to Royal Trust A rose Vz to Bank of Montreal Vs tq Mercantile Bank Vt to and Bell Canada Vs to Dickenson lost to Pamour to and East Malartic 20 cents to Dome Mines gained Vt to and Lost River 20 cents to Rangers was down to while Total Pete rose Vt to Dome Peie Dynasty Nutort Res Giant Mascot Gibraltar Mines Granisle Gt Cdn Oil S Lochiel Ex Lytton Min North Cdn Oil Numac Pancdn Pete Pan Ocean Petrol Paloma Place Gas Scurry Rain Seibens Spooner Total Pete Ulster Pete United Canso West Pete West Decalta MISCELLANEOUS INDUSTRIALS Acres Ltd Aquitaine BC Sugar C Pfd Block Bros Canbra Foods Cdn Pac Inv A Ptd Cdn Pacilic Inv 26.87 V, 8.50 .12 .65 4.40 12.50 1.10 1.12 4.50 12.00 11.00 9.25 1.34 .65 .45 21.00 14.00 8.50 .24 .70 7.87V4 3.70 4.90 6.50 18.25 12.00 3.05 3.10 30.00 15.25 )ap Co Crestbrook Ind Crowsnest Ind Falcon Copper F S- M Trust Co Genstar Home Oil A Home Oil B Hud Bay Co Hud Bay Oil Hud Bay Oil A Pld Hugh Russell Husky Oil Husky Oil B Pld Husky Oil E War Interprov Pipe Interprov Steel Kaiser Res Kaiser Res War Loblaw Co C Pld Magnasonics 2.15 3.60 26.00 6.25 4.65 18.25 23.25 22.50 16.25 25.75 31.00 56.00 16.25 33.50 5.00 2.15 16.50 7.25 4.45 26.3714 1.75 N 5 C Gas NSC Gas B Pld Trans-Cda Pipe Trans-Cda A Pld Trans-Cda B Ptd Trans-Cda War WC Trans WC Trans War CALGARY Barons Oil N. Continenlal West Warner VANCOUVER MINES Bathurst Norsemlnes Cima Resources Dankoe Davenport Lornex Northair Mines Primer Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS Augusl Petroleum Plains Pete Stampede Int'l Res 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 Dreyfus 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 Templetor, Growth vanguard 12.87V4 56.00 16.25 6.1214 50.00 11.3714 21.25 63.50 33.00 1.04 23.00 2.80 '02 -15 1.18 .60 2.35 .66 .07 1.22 6.30 5.15 5.50 2.21 4.32 12.55 2.89 2.6B 5.40 4.04 9.15 5.55 5.36 10.70 5.06 5.15 13.86 4.56 3.84 3.59 6.04 7.34 3.95 7.15 4.31 WHEAT FOR BANGLADESH Earnings Market MONTHEAL (CP1 Prices headed lower at noon Monday on the Montreal Stock Exchange. Banks were Uie only advancing sec- tor, up O.Oti at Industrials mov- ed down 0.52 to 188.46, the composite 0.40 to 185.71, utilities 0.20 to 140.40 and papers 0.09 to 106.47. Volume at a.m. was shares, compared with shares Friday. Canadian Javelin lost 'k to Moore Corp. Vt to and Alcan 'A to while Asbestos Mining added Vt to S17'A and Pan Ocean Oil Vi to SSVt. Among speculative issues. Silver Stack lost five cents to 70 cents on volume of shares. NEW YORK (API All domestic U.S. markets are closed today for Washington's birthday. Livestock Tanker sails Wednesday with record grain cargo VANCOUVER World records for the largest, grain cargo ever to be loaded into one ship will be set by the Liberian tanker Amoco Cairo at the Port of Vancouver. She arrived on her maiden voyage on Feb. 10 and expects to sail on Wednesday. Built in Japan for American Oil Co. at an approximate cost of million, she received an estimated 4.8 million bushels of grain bound for Bangladesh. The grain is a gift from Canada under the Canadian Economic Develop- ment (CEDA) program. The previous record in the Port of Vancouver was set in May of 1967 when the British 'MS Sigsilver loaded million bushels bound for Karachi. According to Port Manager F. J. N. Spoke, only minimal alterations in normal harbour operation had to be instituted to accommodate the craft. He stated that two harbour anchorage berths were assigned the Amoco Cairo because of her phenominal size. The Amoco Cairo, with a length of 9161eet and a beam of 175 feet, drew 49 feet of water when fully loaded, ac- cording to Mr. Spoke. Special buoys had to be placed in the harbour traffic lane to warn other ships of her protruding length while sh'e was in one of three loading berths. Resource study B.C. rp i i 1 OrOfltO mines, industrials (Supplied by Richardson Securities of Canada) Acme Advocate Asb. Akaitcho Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Casslar Chimo Con west Cons, Rambler Coin Lake Cochehour Craigmont Dickenson Mines Denison Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant V.K. Granduc Hollinger A Hudson Bay A Hydra Ex. Iron, Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Macfsen R.L Malartic 5.F. Martin McNeely Maclntyre Mela Midrim Intern Mogul Nu'AesI Homes New Athona Noranda Northqate Norlex Pine 'Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Sunntngdale Tek Corp. A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknlfe Bear Zenmac 1.40 1.80 1.25 .39 9.50 1.26 3.75 3.50 3.15 4.60 .19 1.21 3.65 46.00 .28 52.25 1.95 3.80 1.75 28.50 -13Vi .38 11.50 1.12 .63 4.80 1.07 Bow Valley Ind Cable CAE Ind Calgary Power Carling O'Keefe Cdn Marconi Cdn Vickers Chrysler CPR cons Gas 25.25 3.10 7.00 2.16 3.70 8.00 3.40 14.00 10.25 16.50 24.00 16.12V4 Domtar Dorn Textile Dolasco Glen Mob Homes Ql Cdn Oil Sds Gen Motors Gt Lakes Paper Gulf Oil Cda Greyhound Lines Hawker Sid Hiram Walker A Huron Erie Imp Oil A 20.75' 17.75 26.50 25.75 1.45 7.25 37.75 16.50 29.75 15.50 4.90 B.C. (CP) Resource specialists are studying a remote valley near here in what could become a blueprint for resource development. Jhe federal and provincial governments are involved, along with MacMillan Bloedel Ltd., the. giant forest company which eventually will log the valley. Object of the intense scrutiny is the 75-square-mile Nahmint Valley, about 13 miles southwest of. this Van- couver Island city. The watershed includes the River and a five- milelong lake where there is excellent fishing. Purpose of the study is to collect all possible informa- tion on the valley's resources so that the final logging plan will do the least possible Int Pipe 24.00 3.95 .12 V20 .28 Vt 42.00 .11 .11 3.25 7.12VS .22 31.75 4.55 .15 29.50 14.50 1.60 .15 1.00 13.00 6.25 1.02 3.95 2.80 .18 7.75 1.73 1.60 1.50 1.63 IAC Jannock Kaps Kelly Doug A Laurentide Metro Stores Massey Ferg McMillan Bloedell Moore Corp Mblsons A Molsons B Nachurs North S Cent Peyto Power Corp. .Price Co 27.6214 29.00 24.12V4 14.00 19.12V4 2.20 4.95 8.25 3.35 6.37V4 14.50 15.25 23.75 46.75 Simpson's Simp Sears Steel of Can A Selkirk A Texaco Trad Group A Tr Mtn Pipe Tr Can Pipe Union Carbide Union Gas Union .Oil United Siscoe Versatile Mlg 7.87'A 11.37V4 3.80 9.12V4 13.50 8.25 10.50 28.00 12.50 32.75 12.25 10.75 18.75 '8.25 8.50 4.15 7.25 Data are being collected on soils, geology, climate and hy- drology and an inventory is being made of timber, fish, wildlife and potential recrea- tional areas. "All the work now has been says study co- ordinator Brian Nyberg of the British Columbia Forest Ser- "We hope to have the plan- ning part done in March when all the agencies involved will get together and make recom- mendations on where the camp sites should be and things like that." In addition to the forest service, agencies involved include the fish and wildlife branch, Environment Canada, the department of mines and agriculture and the University of B.C. forestry faculty. Decision to undertake the study, which began last spring, came after a group of Vancouver Island residents wrote to the provincial government. Mr. Nyberg says June 30 is the deadline for forest service approval of MacMillan Bloe- del's development plan for the valley. He says he hopes the com- pany will agree to logging re- straints in certain areas of the watershed which the study has found to be critical for wildlife or recreation poten- tial. If the development plan is approved, a start on construc- tion of a logging road into the valley will proobably be made in late summer or early fall and will take several years to complete. will be a popular fishing area because it contains large rain- bow trout. There already is a fishing lodge on floats and several squatters' cabins, but the only access is by foot, boat or air- craft. Mr. Nyberg says MacMillan Bloedel, which has harvesting rights to trees in the valley, has co-operated throughout the study and has provided helicopter flying time to the researchers. Grant Ainscough, the com- pany's chief forester, says it recognizes that Nahmint Lake could become a significant recreational area when logg- ing road access is completed. "There are several ex- cellent natural recreational areas around the lake, par- ticularly at the beach.and river mouth at the head of the he says. "Under our land-use policy, these high value areas will be protected and if suitable ar- rangements can be made with government, they can be developed and managed for public use." Darnings set new mark Woodwards A Abitibi Alcan Algoma Steel Atco Ind Agra Ind Bell Tel Brascan A B.C. Tel Burns B.C. Forest B.C. Sugar 10.12V4 21.25 28.25 46.75 12.62W 54.50 11.00 14.50 22.62V; BANKS Cdn Imperial Montreal Nova Scotia Royal Tor-Do in TORONTO AVERAGES 20 Industrials 184.71 down .47 20 Golds 428.54 down 8.14 10 Base Metals 68.10 down .36 15 Western Oils 164.09 down .13 Volume 795.000 26.25 14.87'A 40.25 39.00 _ CurrOnCIM MONTHEAL mid day foreign exchange selling rates supplied by the Bank of Montreal: Australia dollar Bermuda dollar 1.0100 Czechoslovakia crown .1900 China renminbi .5630 Italy lira .001610 Japan yen .003470 Mexico peso .MIS guilder .4170 Spain .peseta .0111 Sweden kronor .2350 Germany mark .43fiO Hungnry forint .0411 Unite U.S.S.R. ruble 1.3545 Quotations in Canadian funds. LONDON (CP) Although economic difficulties cut the world car market by more than 15 per cent last year, Britain's motor exports earn- ed a record million The Society of Motor Manu- facturers and Trades (SMMT) said earnings overseas in 1974 were 19 per cent up on the pre- vious year. Against the in- dustry's performance, motor imports into Britain rose only three per cent to million, which means the country's ex- ports exceeded imports by more than billion. Of last year's British motor exports, cars accounted for 6418 million and commercial vehicles topped million for the first time, with the rest being made up of com- .pouents, parts and accessories and tractors, heavy off-road vehicles, containers and in- dustrial engines The SMMT said the biggest growth area continues to be the export of components, parts and accessories. The high rate of British ve- hicle sales to other countries is continuing this year with several big orders. Leyland has won major contracts to supply buses to Venezuela and trucks to Iran; Ford is providing an initial batch of 100 transit buses for the French police and in the first three weeks of this year orders worth nearly 46 million have been placed for industrial diesel engines built by Rolls-Royce Motors. THE CANADIAN ended Dec. 31: 1974, FOTt MSCiSOtl Copper Corp. Ltd., cents a share; 1973, 6.5 Dec. 31: 1974, FORT MACLEOD On offer bj 1973, Mines Ltd., year ended Fort Macleod Auction Market las Automotive Co. of 31: 1974, 85 cents a wec'k were 28I) caltle- year ended Dec. 31: 1973, 73 cents. Slaughter steers and heifers sold a share; Porcupine Mines Ltd., under last week, while cows were ended Dec. 31: 1974 stronger. Stacker and feeder weight. Industries Ltd., nine cents a share; 1973, 40.7 sold lme week's prices. Dec. 31: 1974, 08 SLAUGHTER With a total deadweight capacity of long 1973, 97 cents. Carma Developers year ended Dec. 30: 1974, a Corp., year ended Oct. 31: A! and A2 sleers ('.MO 1.160 1974, profit, four cents a share- 33 to 35; Al and A2 heifers (850 1973, loss, four cents to pounds) 31 to 33; Bl and B2 she took on Quaker Oats Co., six months heifers 28 to 29: Dl and D2 cows 21 to tons of grain in her 19 cargo tanks. No year ended Dec. 31: 1974, a 1973, Dec. 31: 1974, 991 000 US 23-50; D3 and D4 cows 15 19-funds, 67 cents a share; STOCKERS AND FEEDERS 92 cents. steers 875 to pounds 32 to were experienced during Business Inc., three months ended M; to 30 450 lo loading despite the Amoco Cairo's deep draw, stated the Port Manager. Tide levels were computed as an Ltd., six months ended Dec. 31: 1974, S213.000, 16 cents a share; 1973, Falconbridge Nickel Mines Ltd., 12 months ended Dec. 31: 28: 1974, 21 6 cents a 25JO to heifers share; 1973, 34.1 cents. lo Pountls 21-5I) to St. Lawrence Cement Co., year At Hi-way 52 239 head sold last week, ended Dec. 31: 1974, 000 25 a A1 and A2 slecrs W to pounds share- 1973 152 000 58 33-25 to 3S'> pounds 31; Al part of the de a share; Group Ltd., 12 months and A2 heifers 30 to 32. operations so that length difficulties in loading the General Bakeries Ltd., nine months ended Jan. 4: 1975, 73 cents Dec. 31: 1974, a share; 1973, CalUai'V The Investors Group Ltd., year evenly could be 1974, 45 Dec. 31: 1974, a CALGARY (CP) Receipts to 11 The tanker has a Hussel Ltd., year ended 1973. a.m.: Monday at the Calgary public speed of. 15Vz knots and 1974, a Canadian Shares Ltd., year stockyards totalled 170 head, mostly sumes an estimated 101 tons of fuel oil per day. Because Indal Canada Ltd., year ended Dec. 31: 1974, a Dec. 31: 1974, loss, 59 slaughter cows of average quality, cents a share; 1973, profit, Trade was active and met a broad 7 cen'ts. demand. her length, she will have to Sections Ltd., nine months There were insufficient slaughter load her cargo into Mines Ltd., nine months Dec. 31: 1974, a steers or heifers on offer to establish ships 50 miles off shore from the. Bangladesh port of 30: 1974, .5 cents a share; 1973, no comparable figures available. Kerr Addison Mines Ltd., 1973. 87 cents. quotations. All classes of cows sold ful-Westburne .International .In- Iy steady. Bulls were fully steady, dustries Ltd., eight-per-cent pfd. Cows. Dl. D2: 22-24. D3: 20.50-22. Dec. 31: 1974, no A, 50 cents, April 1, record D4: 18-20.50. "The port is fully capable of handling a ship of that size providing the cargo is figure available; 1973, Management a.nd Holdings Ltd., year ended Dec. 14. Bulls, good: 18.50-21.75. There were insufficient feeder cattle HOO DMCfiS on offer to test the market. P" Hogs f.o.b. to 11 a.m.: 53.05. and readily available 47 cents a share; (CP) Prices to 11 she is stated Mr. 48 cents. The Molson Companies Ltd., Monday provided by the Alberta usllio Hog Producers Marketing Board. Fri- WOIIOI VolUV She received tons of grain in each cargo tank ended Dec. 3.1: 1974, a share; 1973, prices in brackets. MONTREAL (CP) U.S. dollar in CaZrv 53 05 (53 39. fads aj.us ot.jyi. (jay was up QQ pountj the Saskatchewan and Patch Industries Ltd., Deer: 53.25 (53.15) _________ sterU was MKM Wheat Pool loading berths at the port. The Amoco .Cairo was chartered by suiu 10 11 a.m. nogs soiu ,n Ncw y k lh Canadi d _. Fnday average 53.51. Sows was off 7-50 at 7-10. Pound priCeS average 35.55. ing was up 11-100 at Agencies Ltd. of Vancouver, and Powell Lester Grain Shipping Ltd. of Vancouver were the agents for the busliel street prices Friday quoted by Country Elevator Association. Flax 1CW 8.25; 2CW 8.20; 3CW 6.75; RYE 2CW 2.12; 3CW 2.07; 000 LIFE INSURANCE WWpWV (Inltlil Amount) dian. Wheat Board. Captain Ross stated that Ergo ty 1.70. RAPESEED -ICanada 6.42; 2Canada 6.17; Tarm Option Port of Vancouver can expect a great many more large ships after a completed Feed Grains basis 43 cents CWT Thunder Bay freight rate." WHEAT 3CWRS Sutility PREMIUMS 20-155.00 35-228-00 Ag. 35-160.00 Age 40-321.00 1 U 30-187.00 Age 45-475.00 pansion of their facilities Vanterm and Lynnterm. "The port is more likely OATS Ifeed 1.44; 2feed 1.39; BARLEY Ifeed 2.25; 2feed 2.21. Canadian wheat board selling prices basis Thunder KEN BELSHER OCCIDENTAL LIFE J- see an increase in size of ships in the near fu'are, especially those designr to carry Sutility OATS -Ifeed 1.8254; 2feed 1.79'A; BARLEY Ifeed 2.70; 2feed California llWl ffA 43BA HOLIDAY VILLAGE FJ W Phorw 321-0944; RH. 328-0994 liquid and siil-d cargo, he claimed. A world record 4.8 million bushels of grain is now being loaded onto a new Liberian tanker, the Amoco Cairo, Sale 130.000 Down Payment First the Port of Vancouver. I-. ship, 916 feet long and 175 wide, is also the largest to berth in the port. Built Japan for million and ed by American Oil Co., Amoco Cairo will approximately tons t grain, the product of .'C'jA acres or the output of square miles of farm _ sq. ft., sprinklered, rail, service, dock height, drive-in CONTINUE immediately! Alberta shipments of 111- jl Street South, Lethbridge Call 328-1705 (24 commodities included 3.1 lion tons of grain, 2.8 1 f A A tons of coal and 2.3 tons of sulphur in 1974, CNR MBAL BrTATB CO. LTD Have You Considered the Profitability and Efficiencies of the NEW RICHFIELD CENTRE? These Progressive Companies Havel Woodwards Scott National Paper Tranimiiiion Supplies Ltd. Pilnty-Bowet Ltd. Dustbano Irrigation Ltd. Century Sales Service Ltd. Bergman's Floor SPACE Is Still Available! Phone 328-1705 Lethbridge or 253-7155 Calgary RICHFIELD ;