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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 18, 1974, Lethbridge, Alberta TSE prices up in active trade TORONTO (CP) Prices on the Toronto stock market were moderately higher in active mid-morning trading today. The industrial index, consid- ered the main indicator of market trend, rose .44 to 215.27, golds .67 to 548.11, base metals .26 to 108.62 and western oils .38 to 256.73. Volume by 11 a.m. was 1.15 million shares, down from 1.82 million at the same time Fri- day- Advances outnumbered de- clines 178 to 107 with 176 issues unchanged. chemical, industrial mining and real estate stocks, were among sectors of the market to advance while oil refining, beverage, trust and loan and communication issues were lower. Northern Electric rose to Aquitaine to Alliance Building to J10V4, G and H Steel to and Toronto Dominion Bank Vt to D. H. Howden fell to 14.90, R. L. Grain to Royal Bank to and Moore ft to Bankeno was up to Bethlehem Vt to and Rio Algom V4 to Tara Exploration lost Vz to and Northgate V4 to Total Pete increased to while Ranger Canada was off 1V4 to trends MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange today. Volume at a.m was shares, compared with shares at the same time Friday. Industrials rose .24 to 239.52, the composite .14 to 224.32 and utilities .11 to 141 82 while banks fell S3 to 278.74 and papers .18 to 132.49. Northern Electric rose 1V4 to Vt, Massey-Ferguson to I17V4 and Husky Oil Vt to while IAC Ltd. fell 'A to and Royal Bank Vt to J36V4. Among speculative issues, Probe Mines rose one cent to 67 cents trading shares. VANCOUVER (CP) Heavy trading on mining issues highlighted a busy day on the Vancouver stock exchange Friday. Final volume at the close was snares. In the industrials, Jolly Jumper was most active, up .10 at J1.10 on shares EDP Industries was down .02 at .19 after trading shares, Northern Central Gas was unchanged at on a turnover of shares, Newmark Resources was up 02 at on shares, Bank of B.C. Trust units were up .25 at and Mercuria was unchanged at .47. In the mines, Charta was up .02 at .27 after trading shares. Consolidated Fortune Channel was down .03 at .61 on a turnover of shares, Dolly Vardon rose .11 to .68 on 330 250 shares, Northair was up .30 at on shares, Geo-Dyne rose a cent to .28 and Benson rose .08 to .36. Williams Gold was active among oils issues, closing unchanged at .20 on 39 000 shares Payette River was up .03 at 70 on shares, Vargas Warrants felHi cent to 04% as shares were traded, Vargas was down 02 at .20 on a turnover of shares, Alaska Kenai was unchanged at .90 and Freehold was up 02 at The final volume made Friday tor second-highest trading day thus far i 1974. Highest was Feb. 1, whei shares changed hands Th- exchange's trading record was set on April 10, 1972, when shares were traded. NEW YORK (AP) All United States stock exchanges and commodity markets are closed today for the Washington's Birthday holiday. Livestock Calgary CALGARY (CP) Receipts to 11 a.m Monday from the Calgary public stockyards totalled about 90 bead, all cows and replacements. Trade was dull. There were no slaughter steers or heifers on offer. Cows sold around 50 cents to lower, quality and condition considered. Cows Dl and 2 32.50-33.50, D3 31- 32.50, D4 27-30.50. Replacements were mostly stock calves selling steady for quality. There vrere insufficient replacement cattle on offer to establish quotations. Good feeder heifers more than 400 pounds 38-40.50. Hogs f.o.b. Calgary to 11 a.m. average base price 47.50. Preliminary slaughter figures week ended Feb. 16: Alberta bogs beef Canada hogs beef Winnipeg grain WINNIPEG (CP) Trading continued extremely light with some strength showing in rye at mid-session of the Winnipeg Commodity Exchange today. Through mid-session only two positions May flax and May rye had opened and activity in all other positions was limited to a few bids and offers. At mid-session flax was slightly higher, rapeseed basically unchanged. Friday's volume of trade was bushels of flax. 94.000 of rye and of rapeseed. Midsession prices: Flax: May 2% higher 11.69A; July unchanged 1L2JH4B; Oct. and Nov. not open. Rapeseed Vancouver: March 2 lower 7.43B: June V. higher 7.17B: Sept. unchanged 6.75V4B: Nov. not open. Rapeseed Thunder Bay: May unchanged 7.13B: July unchanged 7.01B: Oct. unchanged 6.19B: Nov. not open. Rye: May higher July 3V, higher 3.33B: Oct. 7 higher STB: Dec. unchanged 2.80B. Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted. Brascan Ud.. class B. cents, f S funds. April 30. record March 31; pld 50. March 29. record March 14. Canata Malting Co. Ud.. dass A. 35 rents, class B. cents: both payable March 15. record Feb. 15 dark Oil and Corp.. 12'i cents, increase of 2' i cents. U.S. funds. March 25. record March 7. Hog prices EDMONTON (CP) Average prices to 11 a.m. Monday provided by the Alberta Hog Producers Marketing Board. Friday average in brackets: Edmonton: 48.15 Calgary: 47.50 Red Deer: 47.40 Total bogs sold to 11 a.m. Total sold Friday average 47.77. Price of sows 33.30. Currsjiclss MONTREAL (CP) Monday's mid- day foreign exchange selling rates supplied by the Bank of Montreal: Australia dollar 1.465 Bermuda dollar 1.02 China renminbr W10 Denmark kroner .1590 France franc financial .1980 Germany mark .3630 Italy lira commercial .001530 Japan yen .003370 Mexico peso .0790 Spain peseta .0170 Switzerland-franc .3110 United States dollar .9770 United Kingdom pound 2.24 U.S S.R. ruble 1.2523 Quotations in Canadian funds. Registered Retirement Savings Plan 'B' Now at INTEREST SAVMGS No MnimstritiM Chirm PLAN "A" SELF ADMINISTERED NOMINAL FEES Fm 9M TVi St. St LettibtNlaja Phone nt-SS4t If you tmaMatogst to our to the opening of a pton for you. The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doberty Limited WESTERN 5.75 AND Alton 6.87% Albany Sd Proc 3.50 Minerals 1.45 A Pfd 59.12% Ashland Oil Alta East Yukon 8.50 PIPE LINE STOCKS BP Gas Line A Brenda Gas Line Pfd 63.00 Can Nat Gas 17.87% Cdn Exp Nat Gas 9.50 Cdn Metro 6.00 Cdn Ind Metro A Pfd 64.00 Cdn Long Island and C Gas 12.37% N and C Gas B Pfd 23.75 Cdn Superior Dome Pipe 33.12% Tr-Can Pipe A Pfd 60.50 Dynasty Fort Pipe B PW 36.12% Tr-Can Pipe War 5.00 Giant Transmission 24.25 Gibraltar Trans Wts 4.30 Great .70 Gt Cdn Oil Oils .15 Lochiel Continental .03 Lytton Minerals Noble Warner .29 VANCOUVER North Cdn Explor .34 Pancdn Norse 1.39 Pan 3.75 .67 Varden .77 Place Res .16 10.00 Ranger Mines 4.70 Scurry -11 -12% Standard 2-30 Total Copper 10.87% Ulster Unit Bew 2.90 WC Industries .16 Western 1.55 Pete .68 Acres Pete .19% Explor .95 BC Sug A Pfd Block Brothers Cdn Pac Inv A 3.85 Intl Res .88 MUTUAL FUNDS All Cdn Compound 6.37 6.92 Com Cap Corp Carting O'Keefe A Pfd Carling O'Keefe B Pfd Crestbrook For Ind 24.12% 28.37V4 Cdn Dividend 6.73 7.32 All Cdn Ventures 3.49 3.79 Amer Grow F 4.50 4.95 AGF Special 2.42 Crowsnest Indus Falconbridge Cop F and M Trust 12.87% Invest F 4.88 5.35 Collect Mutual 5.05 5.55 Common Inter 13.64 13.64 Leverage 3.16 3.16 Glob Com Venture 5-64 5.64 Home Oil Investors 6.28 6.90 Home Oil B Invest S F 4.84 5.32 Hud Bay Pacific 4.52 6.94 Hud Bay Income Shares 3.03 3.33 Hud Bay Oil A Equity 7.22 7.93 Hugh Rus C Grow F 11.8312.93 Husky Mutual 5.62 6.15 Husky Oil B Accum 5.96 6.58 Husky Oil D Grow F 3.17 3.49 Husky Oil E Resources 4.89 5.39 Hys of Canada Int Pro Pipe War Int Pro 6.00 Cdn 5.28 5.90 NW Growth 4.41 4.85 Pnnc Grow 4.48 4.91 Kaiser Mutual 7.33 8.02 LoMaw C Pfd Magnasonics Pacific 6.70 6.98 Temple Grow 7.41 8.12 Unit Accum 4.49 4.93 Pac West Savings 7.95 8.75 Pe-Ben Oilfield 5.74 6.31 Royal 5.82 6.38 Toronto mines, industrials (Supplied fcy Rktardsm Securities of Cwwto) LONDON (AP) Closing metals bid-ask in pounds sterling a metric ton; silver in pence a troy ounce: 982-983; futures 9M- 969 Tin-Spot futures 3J80- Lead-Spot 278.5-279: futures 284- 284.5 Zinc-Spot 591-594: futures 553-554 Silver-Spot 236-237; 3 months 246 3- 246.5 Gold LONDON (AP) Monday's closing gold prices in U.S. dollars an ounce: London-1JO.O Paris-153.35 Frankfort-150.11 Zurich-151.00 Hong Kong-145.41 a kilo. MINES Acme Advocate Asb, Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Oickenson Mines Denison Mines Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger Hudson Bay Hydra Ex. Iron Bay Iso Jotiet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R U Malartic G.F. Msrtin McNsdy Madntyre MONTREAL (CP) VS. dollar in terms of Canadian lands at noon today was down 140 at 1MO. Pound sterling was op 34 at IS31 IMS. Markets in New York were ckned doe to Washington's BfrlMay, Midrim Intern Mogul NU West Homes New Atftona New Calumet Noranda Northgate Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock RaOtore Rto Algom Roman Corp. Sherrrtt Gordon Sleep Bock .13Vi 1.25 2.55 2.41 .82 15.50 1.72 575 8.50 3.65 10.75 1.22 1.16 4.75 3.00 .32 2.43 6.12V4 9.87W 52.00 171.00 1.71 9.25 2.91 61.75 .31 .75 21.25 3.45 42.25 .66 3.90 107 -26'A 15.00 .38 40.50 7.25 3.20 2.95 .62 S2JSO .23'A .16 10.50 11.00 .38 .40 49.00 XI BCTel Bums BC Forest BC Sugar A Bow Valley Ind Cable CAE Ind Caning O'Keefe Chemcell Cdn Cellulose Calgary Power Coron Credit CWN Gas Pfd Cdn Industries Cdn Marconi Cdn Vlckers CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Gtonaate Mobile Grt Cdn OH General Motors Grt Lakes Paper Gulf Oil-Cda Greyhound Hawker Sid Hiram Walker Huron Erie Imperial Oil Imasca Inl Nickel bit Pipe Inv Group A lUlntl Indus! Accept Kaps Kelly Douglas A Corp. A 24.25 1.60 .31 1.37 .35 36.25 13.75 1.96 4.80 WH Copper Wfflroy Wtnfltall Zenmac 355 3.70 3.00 1.71 5.00 .12 Loeb LobtawA Metropolitan Massey Ferg McMillan Bloed Moore Corp MotsonsA Molsons B NacJiuis Norlfs Cent Power Corp Price Co Pevto Rothmans ShescOA Simpsons Simp Sears ,SW0! Canada 55wkSffk A Texaco Traders Grp A Trans Mm pjpe Trans Can Pllpe Union GSTvQoe Union Oas VenetfleMlg INDUSTRIALS AbfcW Alwm 34.50 Algoma Steel 2425 Alco Una 17.50 6.37% Agra tni Bell Tel 41 25 Brascan A Woodwards A West Cdn Seed Zenith Sec BANKS Cdn ItTrpotitf Notra Scotia Royal Toromo-Oom York TORONTO AVERAGES 20 21561 up .79 20 Golds 548.67 up 1.23 Securities Caasei) 10 Base MWMfe 108.15 down .21 IS Western Oils 256 73 up .38 Voteme 1.613.000 Monday, February 11, LtTHBRIDOE HERALD-17 I Gov't hog, dairy industry aid welcomed by Unifarm EDMONTON (CP) The announcement of a million temporary production incentive program for the hog and dairy industry in Alberta by the provincial government indicates the need for long- term national policies to stabilize agricultural production, Dobson Lea of Unifarm, said Saturday. Mr. Lea, in a news release, said the Alberta program is designed to contribute toward reduction of increased feed costs faced by hog and dairy producers. It is expected to increase net returns to hog producers by an average of for every 100 pounds and by an average of for each 100 pounds of milk to dairy producers. Mr. Lea said the program is commendable and will help pork and milk producers "to some extent" but that producers of other livestock and livestock products also are experiencing serious losses. "Unless there is immediate joint federal-provincial action to establish a climate that will enable producers of all commodities to stabilize the various sectors of the primary agricultural industry shortages will occur to the detriment of most consumers." Electronic bookkeeping The security manager at Allen, Harvey and Ross Ltd., a London firm of bill brokers, organizes the movement of securities resulting from deals entered on the television diary. Closed-circuit tele- vision systems are now commonplace at most high-security printing works. Kaiser Illegal salmon fishing to be aired by experts Plumbing warrants date set materials 49.50 13.62% 18.87% 20.75 26.75 17.75 9.75 3.70 5.62% 6.12% 23.50 2.20 10.50 18.12% 3.50 16.75 15.62% 34.50 27.00 17.12% 42.00 40.75 24.75 10.37% 14.00 39.25 30.87% 7.12% 10.12% 48.75 24.00 33.12% 17.50 5.12% 50.50 27.25 39.62% 29.62% 21.25 8.25 17.12% 17.75 4.50 5.50 10.50 355 6.12% 13.00 17.37% 30.75 2ZSO 21.75 7.75 1237% 10.62% 14.87% 8.75 13.50 19.2S 7.87% 12.00 3250 1362% 4600 1487% 15.62% 33.12% 1B.75 9.00 1350 9.87% 650 2000 2062% 21 62% 350 Z60 2950 20.00 3875 3662% 3800 New York Times Service NEW YORK Illegal fishing for Atlantic salmon in Canada has reached epidemic proportions, says, the International Atlantic Salmon Association, and on Tuesday at Montreal's Windsor Hotel experts from Canada's federal and provincial governments, private salmon conservation groups and sport and commercial fishing interests will meet for three days in an effort to deal with the problem. Canada's salmon fishing regulations almost defy description in their complexity, but, in general, sport fishermen are allowed to take two fish a day with a fly. In Quebec, one can sell a legal rod-and-line salmon, in some other provinces one cannot. The recently completed laws on salmon fishing in Canada fill in two languages a 350-page book. In the last few years, primarily as a result of restrictions on commercial fishing for salmon off portions of the Canadian coast, runs of ENGINEERED HOMES LIMITED salmon increased in many rivers and this was nailed with delight by those who had fought for such regulations. The additional fish and inflated prices were an irresistible combination to many poachers, however, for at to a pound for fresh salmon, a man could make a month's wages in a night's illegal activity with net, spear, gaff, grappling hook or dynamite. In a Feb. 1 address to the Miramichi Salmon Association, the association president, Jack T. H. Fenety, observed: "The sale and purchase of Atlantic salmon is a complex problem. So long as it is legal to commercially fish for salmon in Newfoundland, La: -lor and Nova Scotia, the problem of poaching and that of sale and purchase will continue to flourish in New Brunswick and Quebec. to increase QUEBEC (CP) A spokesman for the Plumbing and Heating Institute of Canada said during the weekend that builders will experience a 10-to-15-per-cent increase in the cost of plumbing and heating materials, as well as delays in deliveries, ranging from a few weeks to six months. The spokesman told a news conference the higher prices and delays are due to shortages of raw materials, particularly oil derivatives. VANCOUVER (CP) Kaiser Resources Ltd. has set March 4 as the record date for issuing warrants to the company's public shareholders, it was announced here by Edgar F. Kaiser, Jr., president and chief executive officer. The warrants will entitle public shareholders of record March 4 to purchase one new share at for each share held. The warrants will be transferable and will expire December 31, 1976. The company said the warrants are expected to be listed on the Vancouver. Toronto and Montreal Stock Exchanges. ________ (Initial Amount) Decreaemg Convertible Term Ineuranca) It wouM pay yen to compare We any ether term plan. MONTHLY Plan) Age 21-SK.41 Age 35-S10.0f Age 25-S8.70 Age 40-415.74 Age 30-tMS KEN BELSHER OCCIDENTAL LIFE Mr. G I Vice- President of Engineered Homes is pleased to announce flie ap- poinitneni o! Joe Gnffm as Calgary Ogden Area Manager. Mr. Gnffm joined Engineered Homes as a sales representative al IcflMwdge 1969 and soon became 9 maNion dollar salesman wrtti ihe company. Duong 1972 he was appointed manager 01 the Calgary area rural borne sales, a responsibility he will continue stong with new position. Let us show you how to defer your income tax. Do you want to pay less income tax for 1973? Of course you do! Then why not take a few moments to drop in and talk about Registered Retirement Savings Plans. Here's how they work. Upder the present income tax regulations you are entitled to set aside a tax deferrable amount for your retirement years. This amount is 20% of your earned income up to maximum of for people who already participate in a com- pany pension plan and up to for self-employed people. These tax deferrals, together with any income and capital gains they earn, don't become taxable until you withdraw them; and if you wait until you retire, chances are your tax rate will be lower than it is now. So if you defer on income tax to- day you'll build a nest egg for tomorrow. We can help you chart your R.R.S.P. program. Don't let this opportunity slip by. Your plan must be registered before the end of February to qualify for your 1973 tax deferral. Drop in and see us soon. ROYALBANK serving Alberta ;