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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 22, 1974, Lethbridge, Alberta Market prices advance in active TSE trading 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 .33 to 218.98 and golds 6.93 to 567.52. Base metals fell .09 to 105.63 and western oils .91 to 261.42. Volume by 11 a.m. was 1.38 million shares, up from 1.13 million at the same time Thursday. MONTREAL (CP) Prices moved generally higher in moderate trading on the Montreal Stock Exchange today' Volume at a.m. was shares, compared with at the same time Thursday. Banks rose .97 to 283.72, utilities .56 to 144.98, the composite .43 to 227.09 and industrials .30 to 241.82 while papers fell .31 to 132.09. Alcan rose to Royal Trust 'A to Dofasco Vt to and Power Corp. V4 to while International Nickel fell Vt to Among speculative issues, Probe Mines rose 10 cents to 85 cents, trading shares. VANCOUVER (CP) Prices wen down Thursday in heavy trading on the Vancouver Stock Exchange. Volume at the close was shares. On the industrials board, Jolty Jumper fell .02 to on a turnover ol shares. Newmark Resource! was at on shares, Pace Industries rose .05 to .86 on shares, Cornat Industries rose .15 U on shares, EDP Industrie! was down .01 at .18 and Lancer was al .55. Most active issue in the mines was Northair, down .25 to on shares. Consolidated Fortune Channel was down .014 at .81 on shares. Dolly Vardon was down .03 to .57 or shares, Whipsaw was at .65 or shares, Cass Consolidated was up .08 to .30 and A vino was down .02 tt .71. Vargas Warrants led trading in the oils and were up half a cent at .02 on z volume of shares. Alaska Kenai was up .25 to .85 on shares Seneca Developments was down .02 al on shares, Freehold was al on shares and Vargas was down .01 to .20. Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Friday from the Calgary public stockyards totalled about 225 head, about equally divided between slaughter and replacement cattle. Trade was moderately active. Slaughter steers sold in line with Thursday's closing prices. There were no heifers on offer. Cows sold steady. Steers Al 2 and 3 4647. Cows Dl and 2 32-33, D3 30.50-32, D4 25-30.50. Replacement cattle and stock calves were in short supply and of mixed quality. Prices were generally steady quality considered. Good feeder steers 40-47.75 depending on weight. Good feeder heifers more than 550 pounds 35-40. A few good stock steers calves more than 400 pounds 42-51. Hogs f.o.b. Calgary to 11 a.m. average base price 47.6. Hog prices EDMONTON (CP) Average prices to 11 a.m. Friday provided by the Alberta Hog Producers Marketing Board. Thursday prices in brackets: Edmonton: 47.15 Calgary: Nil Red Deer: Nil Uoydminster: Nil Lethbridge: Nil Fort Macleod: Nil Hogs sold to 11 a.m. 367, total sold Thursday 8.112, average 47.21. Sows average 33.35. ARCHITECTURAL DRAFTSMAN Require senior draftsman at least 5 years exper- ience in architectural office. Excellent salary range. NIXON ft DROWNING ARCHITECTS 913A BAKER STREET CRANBROOK, B.C. Advances outnumbered de- clines 164 to 131 with 217 issues unchanged. Communication, trust and loan, bank and chemical stocks were among sectors of the market to advance, while steel, beverage, pipeline and industrial mining groups declined. Peel-Elder rose 1% to ?12V2, Canadian Cablesystems 1 to Canadian tire A 1 to Market trends NEW YORK (AP) The stock market greeted the news of another prime rate decrease with a broad advance today. At mid-day advancing issues outdistanced declines by two to one on the New York Stock Exchange. The Dow Jones average of 30 industrials was up 1.25 at 848.09, despite marked weakness in some blue-chip issues. Brokers attributed much of the market's buoyancy to the swiftness with which a prime rate decrease to 8% per cent from nine per cent spread to major banks across the U.S. early today. The NYSE volume leader was H. F. Ahmanson, parent company of California's Home Savings and Loan. The stock rose to On the American Stock Exchange, the market-value index was up 0.17 at 95.62. Other NYSE stocks on the active list included several airline issues posting fractional gains. UAL was up 'A at Western Airlines gained to and Braniff was up Vt at Crown Life to and Noranda A to Texasgulf fell 1 to Cominco to Distillers Corp. to Inco to and Stelco Vt to Bethlehem Copper was up to Kerr Addison Vz to Vz and Gibraltar to Placer lost to Great Canadian Oil Sands slipped to and Pan Ocean to Alminex gained V4 to The Dow's advance would have been several points greater had it not been for Kastman Kodak, and General Electric, down at The best-known institutional favorites also lagged behind the over- all market rise. IBM slid 3V4 to and Xerox was off at Gold stocks were strong. Homestake Mining climbed 1% to and Giant Yellowknife on the Amex rose Vi to The Amex's most active stock was Geon Industries, which slid 3 to before trading was halted pending an announcement. The NYSE noon index of all its listed common stocks was up 0.06 at 50.64. Among Canadians on the NYSE, Dome Mines gained 3 to Alcan to and Massey-Ferguson to Mclntyre dropped to Hiram Walker to International Nickel to and Canadian Pacific Vi to Seagrams was unchanged at and Hudson Bay at Chicago markets CHICAGO (AP) Limit advances were posted again in some commodity futures Thursday. Silver, copper, coffee, sugar and cotton rose to new levels on- world markets. Live cattle futures fell the limit early on the Chicago Mercantile Exchange, but recovered before the close. It was the third straight limit loss. Pork bellies, down the limit for the second day, also recovered somewhat, while live hogs fell about a hundredweight Shell egg futures gained nearly 200 points. Old-crop wheat futures fell the limit of 20 cents a bushel, but came off the bottom on the close of the Board of Trade. Com, oats, soybeans, meal and oil also closed mostly lower. Plentiful supplies of cattle and hogs again influenced sellers of these futures. Pork bellies reflected the weakness in hogs and the huge supply of hogs at major markets. The gain in egg futures followed a government report showing fewer laying hens last month. Wheat futures traded about six cents higher early, then came under profit taking. Then, some talk developed that a large shipment of wheat was being made from Minneapolis to replenish Chicago stocks and old-crop wheat came under heavy selling, with the March and May options falling to limits. Corn, oats and commodities in the soybean complex also declined. One soy oil option fell the limit of 100 points. Grain close: Wheat: Mar 6.14; May 5.90; Jul5.41; Sep 5.37; Dec 5.37. Corn: Mar 3.21; May Jul 6.30-4; Sep 3.24; Dec 3.02; Mar 3.04. Oats: Mar 1.68; May Jul Sep 1.74; Dec Winnipeg grain WINNIPEG (CP) The entire market turned weak on active selling pressure and profit taking at mid- session on the Winnipeg Commodity Exchange today. Rye continued its downward trend but was joined by oilseeds which bad opened strong. Buyers left the market and continued selling activity and hedging contributed to the weakness. Flax was about two cents lower with rapeseed ranging up to 10 cents below previous close levels and rye down about seven cents. The volume of trade Thursday was bushels of rye, of flax and of rapeseed. Mid-session prices: Fiax: May 2 lower 12.20; July i lower 11.81A; Oct. unchanged 11.18A; Nov. not open. Rapeseed Vancouver: March 6% lower 7.51B; June 10 lower 7.16B; Sept. 1% lower 6.96A; Nov. 1 lower 6.41A. Rapeseed Thunder Bay: May 8 lower 7.18B; July 7 lower 6.97A; Oct. and Nov. not open. Rye: May 7 lower 3.35HB; July 5% lower 3.2SA; Oct. 2 lower 3.18A; Dec. not open. Currencies MONTREAL (CP) Friday's mid- day foreign exchange selling rates supplied by the Bank of Montreal: Australia dollar 1.4625 Bermnda dollar 1.02 China renminbi .4900 Denmark kroner .1600 France franc financial .2010 Germany mark .3695 Italy lira commercial .001550 Japan yen .003495 Mexico peso .9790 Spain peseta .0170 Switzerland franc .3190 United States dollar .9750 United Kingdom pound 2.26 U S.S.R ruble 1JSZ3 Quotations in Canadian funds. Dividends Corp.. 35 cents, U.S. funds. March U. record Feb. 22. Trns Mootahi Pipe lot Co. Ud.. 30 cents. March 31, record March 5. Grain quotes Thursday basis Lakehead: Flax May 1229 1219 Jly 1190'A 1182 Oct 1123 1118 Nov Rapeseed Vancouver Mar 781 757% Jun 752 726 Sep Nov Rapeseed Thunder Bay 1222 1182 1118 1080 757te 726 697V4 642 May Jly Oct Nov Rye iiy" Oct Dec 752 730 726 704" 726 704 650 360 342% 346% 330% 34JU. 23IPH 320 305 Gold futures WINNIPEG (CP) Gold futures, U.S. funds, Winnipeg Commodity Exchange close Thursday. Apr 74-160.80; Jly 74-167.25B; Oct 74-174.00B; Jan 75-180.20B; Apr 75-185.00B. Wednesday's volume: 273 contracts. Beef futures WINNIPEG (CP) Live beef futures close Thursday. Mar-49.00A: May-53.40A: Jly-52.00: Sep-53.20A. Wednesday's volume: no contracts. MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 340 at 10.97 1-5. Pound sterling was up 2 19-100. In New York, the Canadian dollar was op 3-90 at 22-25. Pound sterling was up 2 24 at 2-5. Retirement Savings Plan 'B' Now at HIGH INTEREST PLAN "A" SELF ADMINISTERED NOMINAL FEES Fnii FARMERS ft MBNNMITS TRUST 301 THi SL S, LethbrMgo _______ Phone 328-SMt Hyou are unable to got to our office during regular buojnooi noun pleaae oaU and we win arrange a time to diecun the opening of a plan for you. NVvw HDIJilCM 32M181 3Z74345 OTTAWA Meet at the Stud from p.m. Monday to Friday a> Price includes tuition, books and material required Mail applications early school limited Phone 329-3212 LoctiMM Mflo South of McMafly School ;