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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 2, 1975, Lethbridge, Alberta Thursday, January 2, 1975 THE LETHBRIPQE HERALD 19 The Herald yuiet muiiinauonai at joins crisis TORONTO (CP) Prices Trading was halted at (CP) One of Canada. The sale is expected groups and Aston Martin, biggest oil firm, and a on the Toronto stock market open in shares of Burmah Oil were moderately higher in Co., at the request of the corn-quiet mid morning trading pany. The stock last traded at Thursday. biggest mul- to provide Burmah with about manufacturer of luxury cars holding in Shell, tinational firms, the large million in cash. which now has collapsed but Several times, it has failec Burmah Oil Company, has Burmah will also give the may be revived by a group of in attempts to take over oi joined a growing queue of government a 51-per-cent Arab investors. companies in the The industrial index, wide- In industrials, Inco A was up ly-based indicator of market to Alcan lk to Calgary, facing financial stake in its shareholdings in Burmah's crisis came at a States because anti-trus crises and has been forced to two important North Sea oil time when it was in sight of authorities have looked trend, was up .73 to 157.48 and Stelco A to Dohertv to the government for fields, the Ninian and the achieving its ambition of be- disfavor on its BP western oils .23 to 112.67. Telegraph Vi to Vi and assistance. Thistle. The government aims coming one of the world's top Last year, however, Golds continued to decline, Churs International to with the index of 4.80 to 367.04 Dominion Stores fell to after losing about 43 points and BP Canada VB to during the previous two sessions. The base metal Camflo Mines lost OILS Sandwll 3.75 AND MINES Tuledyno 3.75 Alton Mines 2.75 Traders Grp Pld 9.62'A Albany, Oil .16 Trimac 3.40 Alia East Gas 4.65 Westlield Minerals -39 Alminex 4.20 Weslon A Pld 42.00 Asamera 6.75 Whilepass Yukon .to take a 51-percent holding all oil companies. mah finally succeeded in mak riUthmaR'nknfFWHnrnow North Sea operations when For the last 20 years, the ing its U.S. breakthrough and the Bank of England now necessary legislation can Glasgow-based firm has been buying Signal Oil and Gas, a nave woriteu oui an bg enacted but Burmah primarily an investment trust big independent oil firm, ant, S L becomes the first company to with z 22-per-cent stake in gaining a bigger stake in index was down .29 to 57.26. East Malartic 30 cents Volume by 11 a.m. was to and Agnico-Eagle Oil 5.50 PIPELINE STOCKS BP Canada Alta Gas A 10.75 Brenda Mines 2.90 Alta Gas Pfd 000 shares, down from to Campbell Red Lake at the same time Tuesday, rose 1 to and United Siscoe The market was closed 10 cents to Wednesday, New Year's Day. Houston Oils gained Southern 1.64 Alta Nat Gas 15.00 Cdn Export Gas 1.75 Gaz Metro 4.85 Cdn Homestead 2.25 Gas Melro A Pld 49.00 Cdn Ind Gas 5 Inland Nat Gas 7.00 Cdn Long Island .08 N C Gas 8.75 Cdn Superior 20.25 N 8 C B Pld in return for a claim announcement I I JL. against Burmah's stakes in that it was suffering a severe {fOlCl ffVrCltlOTlS Britain's two b.ggest tradi setback casme as a J uroiiDS iii i n -i Advances outnumbered de- cents to and Dev 4.25 Tr-Cda Pipe p shock to most Britons who clines 98 to 55 with 87 issues Southern three cents to unchanged. Ranger dropped to Pete 17.50 Tr-Cda A Pfd 46.1 2V, Dynasty 6.50 Tr-Cda B Pfd 28.75 Nu ort Res .10 Tr-Cda Pipe War bank will hold Bur- have come to regard it as one 1 F? mail's stakes in British of the country's "safest" com- ant Mascot .57 West Trans and Shell. Tran- braltar Mines 4.15 West Trans War 1.50 Granlsle and Trading But coming on top of similar NEW YORK (AP) Gold higher, then came in for Market Cdn Oil worth about ?437 troubles in a growing list of prices on states com. pressure. Gold trading on Explor .85 r v Lytton Minerals 1 06 discretionary other large firms, the Burmah modity markets and Euro- commodities exchange MONTREAL (CP) Prices moved On the curb exchange volume Cdn Oil 2JO Acro" to sell them and hold statement was doubly trau- pean bunjon markets fell for future delivery, but higher in light trading on the Montreal 41B.G50 shares. Envoy Resources was Stock Exchange Thursday. up .02 at .12 on 52.000 shares. Abaca Volume at 1 p.m. was shares Resources was up .04 at .39 on compared with shares at the shares. Host Ventures was up .02 at Oil 9 00 Barons Oil .04 PanCdnPete, Continental .0114 Pan Oman Western Warner .15 rdn uotidn Petrol 1.06 resulting profit if matic. steeply today, amid early holder of a January contrac necessary. Those other companies in- signs [hat Amerjcans were can take possession of the In addition, Burmah has an- elude British Leyland, remaining reluctant to buy the bullion at any time. same time Tuesday. on shares. Bali Explorations 17 Bathurst Norsemines it is negotiating with Britain's major automobile precious metal contracts, for quantities Industrials rose 1.59 to 158.69, the unchanged at .26 on shares. Con-composite 1.31 to 156.76, utilities .83 to solidated Monarch was unchanged at 120.52 and banks .26 to 211.55 while .11 on shares. Claymore '.45 S'm? Resources 40 Ranger Oil 13.25 Scurry Rain 12.00 Davenport Industrial Gas and manufacturer and biggest "Right now, .things are gold weighing 32.151 troy Oil to sell the British firm's porter, Alfred Herbert .ne rather said a ounces or one papers fell .34 to 96.87. down .01 at .20 on 19.000 shares. International Nickel A rose 4 fin Lornex 3.65 Ipooner Northair Mines 1.66 To al Pete 4.10 Primer .11 subsidiary, Great largest machine tool maker, spokesman at Bache and Co. 's apiece, fell to an ounce Plains Development Co. of Ferranti, leading electronic main- office in New York. about lower than S21V Molson A to Alcan to Dofasco to and Bank of NEW YORK {AP) _ Stock Pele A2'A are very few domestic close. A spokesman said Montreal to while Fraser A fell continued to gain sharplv Thursday, 1% boosted by a flow of funds into the Among speculative issues. Silver market, brokers said. Stack Mines fell five cents to 83 cents The Dow Jones average of 30 in-on a volume of shares. dustrials gained 11.26 to 627.50 at led Canso 6.25 Westcoast Pete 2.20