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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 26, 1974, Lethbridge, Alberta Higher market prices feature active trade TORONTO (CP) Prices on the Toronto stock market were moderately higher in fairly active mid-morning trading today. The industrial index, consid- ered the main indicator of market trend, rose .51 to 221.97, golds 6.61 to 556.93, base metals 1.43 to 106.06 and western oils .75 to 261.97. Volume by 11 a.m. was 1.77 million shares, up from 1.27 MONTREAL (CP) All sectors moved higher in light trading on the Montreal Stock Exchange today. Volume at 11.00 a.m. was shares, compared with at the same time Monday. Banks rose 2.88 to 290.52, the composite .64 to 229.69, papers 45 to 133.67, industrials .40 to 244.08 and utilities .38 to 146.72. Moore Corp. rose to Distillers Corp.-Seagrams Ltd. to Chicago markets CHICAGO (AP) Domestic commodity futures advanced sharply on United States exchanges Monday. international prices forged ahead, silver futures again posted limit gains. Copper was up the limit. Strong advances were listed in cocoa and frozen orange juice futures. Wool and copper prices were uneven. Sugar futures fell the limit at one time under largely profit taking on recent gains. On the Board of Trade, wheat, soybeans, corn, oats, soybean oil and meal posted limit advances Pork bellies gamed 50 to 150 points on the Chicago Mercantile Exchange, while live-cattle and live-hog futures were irregular and shell eggs rose about 150 points. WORLD SUGAR OFF World sugar contracts came under profit-taking in New York and at the close there were more than 200 unfilled sell orders Some early buying in farm commodity futures was influenced by strong buying in other world futures. However, cash soybean oil again was strong and these futures quickly touched the limit. Gram close: Wheat: Mar 6.35, May 6.27, Jul5.73, Sep Dec. Corn- Mar May Jul 3 48V4; Sep 3 41; Dec 3 Mar 3.24 Oats: Mar 1 73V4, May 1.79V4; Jul Sep 1.81; Dec Winnipeg grain WINNIPEG (CP) Rye futures trimmed earlier losses and worked slightly lower by mid-session on the Winnipeg Commodity Exchange today Flax prices also tapered off somewhat in an unsettled trade while rapeseed traded briskly at good gains. Volume of trade Monday was bushels of flax, of rapeseed and of rye. Mid-session prices- Flax: May 3 higher 12.34A; July 4 higher 11.90A; Oct. 5 higher 11.33A; Nov. unchanged 10.82B. Rapeseed Vancouver: March 8% higher 8.06A; June 9% higher 7.50A; Sept. 5 higher 7.23A; Nov. unchanged 6.70B. Rapeseed Thunder Bay: May 6 higher 7.56A: July 5 higher 7.30A; Oct. unchanged 6.95B: Nov. unchanged 670B Rye- May 2 lower 3.58; July Hi lower Oct. unchanged 3.20B; Dec unchanged 3.05B. Grain quotes Monday basis Lakehead: High Low Close Flax May 1232 1220 1231 Jly 1186 1175 1186 Oct 1131 1124 1128 Nov 10.82 Rapeseed Vancouver Mar 797% 797V4 797% million at the same time Mon- day. Advances more than doubled declines, 210 to 103, with 201 issues unchanged. Merchandising, construc- tion and material, real estate and communication sectors of the market were higher while oil refining, paper and forest and utility groups declined. Canadian Tire A rose 1 to Moore to Micro- Anglo-Canadian Pulp and Paper to and Simpsons Ltd. to while Dome Petroleums fell to Among speculative issues, Royal Agassiz Mines Ltd. rose four cents to on a volume of shares traded. VANCOUVER (CP) Prices were down in heavy trading on the Vancouver Stock Exchange Monday. Total volume at the close was shares. In the industrials, Newmark Resources led trading, up .04 at on shares. Jolly -Jumper slumped .05 at .95 on shares Alcan B rose .15 at on shares. Cornat Industries was unchanged at on shares. Pace Industries was down .08 at .82 and PWA dropped 25 at In the mines, Davenport jumped 29 at on a turnover of shares. Consolidated Fortune Channel slumped .12 at .53 on shares Dolly Varden was down .10 at .49 on shares. Northair was down .20 at on shares. Sliver Standard was up .15 at and Copper Giant was up .02 at .25. In the oils, Alaska Kenai dropped at .38 trading shares. Payette River was down .01 at .63 on shares. Seneca Developments was down .13 at on shares. Freehold was unchanged at on shares Vargas Warrants was down .01% at .01 and Princess was up .03 at .25. systems to Cadillac Development to and Husky Oil to Sigma Mines increased IVz to Agnico-Eagle to and Pamour to United Canso was up to Siebens to and Peyto Oils to Union Gas dropped to Cominco to Reed Shaw Osier A to Tara Exploration to and Sherritt Gordon to NEW YORK (AP) The stock market remained in a stalemate today. The noon Dow Jones average of 30 industrials was down 2.27 at 849 11. But gainers held a narrow lead over losers on the New York Stock Exchange Brokers said investors seemed to have found little in President Nixon's comments at a news conference Monday night to prompt them either to sell or to buy. Keebler Co. was most active, down Other NYSE issues traded actively included Farah Manufacturing, up to after a 2Vi-point rise Monday. Boeing was up Vt at General Dynamics climbed to and United Aircraft added at The Amex volume leader was Den- Tal-Ez, up V-. at after a plunge Monday. The NYSE noon index dipped 0.04 to 5083 On the American Stock Exchange, the noon market-value index was down 0.16 at 95.98. Among Canadians on the NYSE, Dome Mines gained to Seagrams to Alcan to and International Nickel to Massey-Ferguson dropped to Mclntyre Vt to and Hudson Bay to Canadian Pacific was unchanged at On the American exchange, Scurry Rainbow advanced to and Neonex to Livestock Calgary 751 Jun Sep Nov Rapeseed Thunder Ba> 745 750V. 719 670 CALGARY (CP) Receipts to 11 a.m. Tuesday from the Calgary public stockyards totalled head, practically all slaughter cattle with the bulk being steers. Trade was dull on steers and heifers and moderately active on cows. Slaughter steers sold to lower. Heifers were lower, with odd sale to 20, Cows were steady for quality offered. Steers, Al, A2: 45.25 to 46.40. A3: 44 to 45. A4: 41 to 43.75. Heifers, Al. A2: 40 to 41.40. A3: 38 to 40. A4: 36 to 38. Cows, Dl, D2: 32 to 33. D3: 30.50 to 32. D4: 25 to 30. There were insufficient replacement cattle or stock calves on offer to establish quotations. Hogs fob to 11 a m.: 46.55. Lsthbrldgs There were no cattle sales Monday due to the weekly sale of weaner feeder hogs- Monday hogs. All classes of weaner and feeder hogs meeting good demand. Prices 50% to higher in spots. to 25.25. Light feeders under 100 lbs.-24V U.S. dollar in terms of Canadian funds at noon today was down 3-50 at 10.97 3-10. Pound sterling was up 97-100 New York, the Canadian dollar was op 340 at 77-100. Pound sterling was Bp 13-20 at SZ31 3-20. OoM futures WINNIPEG