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Lethbridge Herald Newspaper Archives

- Page 23

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Lethbridge Herald, The (Newspaper) - February 28, 1974, Lethbridge, Alberta Active trading TSE market prices drop TORONTO (CP) Prices on the Toronto stock market moved sharply lower in active mid-morning trading today. The industrial index, consid- ered the main indicator of market trend, was off .75 to 223.00, golds 14.2 to 265.70. Volume by 11 a.m. was 1.76 million shares, up from 1.70 million at the same time Wednesday. Declines outnumbered ad- vances 190 to 160 with 182 MONTREAL (CP) Prices were generally lower in light trading on the Montreal Stock Exchange today. Volume at a.m. was shares, compared with shares at the same time Wednesday. Banks fell 1.30 to 288.40, the composite .53 to 230.80, papers .12 to 132 56 and industrials 58 to 245 81 while utilities rose .02 to 147.23 Alcan Aluminum Ltd. fell to Aquitaine Co. Vi to Dome Petroleum Ltd. Vfe to and Consolidated Bathurst Ltd. to while Banque D'Epargne rose to Among speculative issues, Joubi Mines Corp. dropped one cent to 49 cents on a volume of shares traded. VANCOUVER (CP) Prices were up in heavy trading on the Vancouver Stock Exchange Wednesday Volume at the close was shares. In the industrials, Newmark Resources led trading, up .09 at on shares. Jolly Jumper was up .10 at on shares. Mercuria was unchanged at .45 on shares EDP Industries was down 01 at .17 on shares. Bank of B C trust units were up .12V2 at and Alcan B was down .10 at In the mines, Consolidated Coast silver was, up .04 at .41 on shares. Brendan Ltd. was up .08 at .78 on shares. Northair was up .20 at on shares. Whipsaw was up .03 at .69 on shares. Davenport was down .04 at .89 and Avino was up .03 at .70 In the oils, Seneca Developments was up 13 at on shares Payette River was up .01 at .63 on shares. Freehold was unchanged at on shares. Alaska Kenai was down .04 at .46 on shares Princess was unchanged at .21 and Cop-Ex was unchanged at .55. NEW YORK (AP) Stock prices sagged today as traders took profits. The noon Dow Jones average of 30 industrial stocks was down 618 at 857.24, and gainers led losers by three to two in light trading on the New York Stock Exchange. issues unchanged. Pipeline, steel, industrial mining and bank stocks were among sectors of the market recording declines while com- munication, trust and loan, general manufacturing and beverage groups gained. Kaiser Resources fell to Algoma Central to Bank of Nova Scotia to Alcan to and Consolidated Bathurst to Market trends Walter Kidde was the most active NYSE issue, down at A block of the issue changed hands at On the American Stock Exchange, the market-value index was off 0.01 at 9736 Other NYSE issues included U.S. Steel, off 1 at Kennecott Copper dipped to Southern Railway was off Vi at and Chessie System lost to International Paper was up Vs at and UAL up Vs at Kerr Addison was off to East Malartic to and United Keno to Skye Resources slipped to The Herald- Thursday, February 28, 1974 THE LETHBRIDQE HERALD Business Canadian dollar reaches highest level in 16 years Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Thursday from the Calgary public stockyards totalled about 400 head, mostly slaughter steers and cows. Trade was moderately active. Slaughter steers sold fully steady. Heifers sold steady. Cows were mainly in the lower grades with all grades selling steady. Bulls sold steady. Steers Al and 2 4445.40, A3 43-44, A4 41-43. Heifers Al and 2 40.50-41.60, A3 38-40, A4 36-38. Cows Dl and 2 31.90-33, D3 30-31.50, D4 25-30. Good bulls 37-41. There were insufficient replacement cattle or stock calves on offer to establish a market. Hogs f.o.b. Calgary to 11 a.m. average base price 45.70. Winnipeg grain WINNIPEG