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Lethbridge Herald Newspaper Archives

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The Lethbridge Herald (Newspaper) - January 4, 1974, Lethbridge, Alberta Gold stocks drop, other issues up TORONTO (CP) Golds issues declined sharply but other sectors of the Toronto stock market were higher in active mid-morning trading today. The gold index was off 12.1 to 446.20. in response to a drop in the price of bullion. The industrial- index, con- sidered the major indicator of market trend, was up .78 to 216.70, base met- als .64 to 100.01 and western oils 2.46 to 257.7S. Volume by 11 a.m. was 1.16 million shares, compared with 1.21 million at the same time Thursday. Advances outnumbered declines 182 to 110 with 144 issues unchanged. Merchandising, oil refining, pipeline and construction and material issues were among sectors of the market recording gains while bank, chemical, food processing and real estate stocks were lower. TransCanada PipeLines rose to Bow Valley 1 to Monarch Investments to Hudson's Bay Oil and Gas to and Cominco V, to Denison Mines was up 1'A to Placer to and Sherritt Gordon V, to Scurry-Rainbow was up to United Canso to and Clarcan 50 cents to Among golds, Camflo fell to Pamour to and Agnico-Eagle to MONTREAL (CP) Prices were generally higher in light trading on the Montreal stock market today. Volume on the Montreal Stock Ex- change at 11 a.m. was shares, compared with shares at the same time Thursday. Industrials rose 1.31 to 241.35, the composite .95 to 224.69, utilities .49 to 140.50, and papers .30 to 135.16. Banks fell .70 to 272.22. Dominion Stores rose Vi to Distillers Corp.-Seagrams Ltd. to Canadian Imperial Bank of Commerce 'A to and Hudson's Bay Company to while Bank of Montreal fell to Among speculative issues. Gold Hawk Mines .fell seven cents to 50 cents on a volume of shares. Winnipeg grain WINNIPEG (CP) Good buyer interest sparked a recovery in Van- couver rapeseed at midsession today on the Winnipeg Commodity Exchange and pushed prices up as much as 13% cents. Rye continued a shade below previous close levels in less active trading. The rest of the market was quiet and prices unchanged except for nearby Thunder Bay rapeseed, which was bid up four cents. Thursday's volume of trade was 1000 bushels of flax, of rapeseed, 1.520.000 of rye and no oats or barley. Mid-session prices: Flax: May unchanged 10.35; July. Oct. and Nov. not open. Rapeseed Vancouver: Jan. .13% higher 6.42A: March 7% higher 6.26B- June higher Sept. 2 higher B.12B. Rapeseed Thunder Bay: May 4 higher 6.09B: July 4 higher 6.01B: Oct. unchanged 5.80B: Nov. unchanged 5.70B. Oats: May unchanged 1.56B: July un- changed 1.47'iB. Barley: May and July not open. Hye: May "z lower 3.47A; July 1 lower :i.38A: Nov. not open. WINNIPEG (CP) Grain quotes Thursday basis Lakehead. High Low Flax May 1043 1025 Close Oct _ Nov _ Rapeseed Vancouver Jan 643'A 630 Mar 637 Jun 627 610' Sep Rapeseed Thunder Bay May Jly Oct Nov _ Oats May Jly' Barley May Jly' Rye May 353% 346V4 Jly Nov 1035 980 883 868 628V4 610 610 605 597 580 570 156 147 230 339 310 Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Fri- day was up 1-25 at 7-25. Pound sterling was down 24-25 at 17-20. In New York, the Canadian dollar was down 1-25 at 18-25. Pound sterling was down 1 1-20 at QoJd prices LONDON (AP) Closing gold prices in U.S. dollars an ounce- London 119.25 Paris 117.22 Frankfurt 119.25 Zurich 119.50 Hong Kong 117.28 Dustbane Products Announcement BORIS EVANOFF Dustbane Products announce the appointement of Mr. Boris Evanoff as Technical Service Representative-Southern Alberta. Mr. Evanoff will assume the posi- tion Immediately, and will be lo- cated in tethbridfle. He joins our company following approx- imately 12 years of related ser- vice in the industrial and in- stitutional maintenance fields. This background will enable him to be of immediate assistance to our present and future cus- tomers in the district VANCOUVER HERALD IS Vancouver Stock Exchange Share Tradiiu 60 Fertilizer supply good; prices up 1 1 AM. Trust 26.62V: WESTERN 5.50 AND 4.10 Ltd 7.87V, Afton Cdn Seed 4.50 Albany Min 1.1 6 A Pfd Yukon 9.62V: LINE STOCKS Alta East Gas A 11.37V, BP Gas Pfd 70.00 Brenda Nat Gas 19.50 Can Nat Gas 9.75 Cdn Ex Metro 6.00 Cdn Metro A Pfd 64.00 Cdn Ind Gas Oil and C Gas 11.00 Cdn Long 21.00 Can Pipe 33.00 Cdn Can A Pfd 61.25 Dome Can B Pfd 38.00 Can War 5.25 Fort Trans 21.62V, Giant Trans Wts 3.45 Gibraltar Gt Gt Cdn Oil .64 Lochiel Oils .04 Lytton Continental .01 V, Noble Warner 27 North Cdn 6 37 Pancdn Pete Pan Explor .38 Bath Norse .97 1 .95 Pinnacle Place .31 Dolly Varden .29 Ponder Ranger Res .14V, Lornex 10.50 Scurry .12 Stand 1.68 Total Pete Ulster -United 1.52 Copper 9.35 INDUSTRIALS Cblum Brew 2.85 West Pete West Industries .12 Wardair 1 55 INDUSTRIES Acres Pete .80 Plains Pete .21 Aquitaine BC Sugar A Pfd Block 13.50 Explor 75 Stamp Intl Res. .89 MUTUAL FUNDS Cdn Pac Inv A Pfd Com Cap Corp Carling O'Keefe A Pfd Carling O'Keefe B 2.35 22.75 Cdn Compound 6.71 7.29 All Cdn Div 7.08 7.70 All Cdn Ventures 3.44 3.74 Amer Grow F 5.23 5.75 Crestbrook Ind Crowsnest Ind Falcon 25.00 Special 2.67 Cdn Invest F 5.03 5.51 Collect Mutual 5.39 5.92 F and M Inter 13.42 14.75 Genstar Global Com Unit Leverage 3.22 3.54 Com Venture 5.45 5.99 Home Investors 6.36 6.99 Home B Hud Bay Co Hud Bay 18.37% Invest S F 4.94 5.43 Dreyfus Fund US 11.29 12.37 Grt Pacific 4.45 4.86 Hud Bay A Pfd Hugh Russell C Pfd Husky 53.00 Income 3.06 3.36 Grow Equity 9.15 10.06 Invest Grow F 11.7912.88 Husky B Mutual 5.65 6.18 Husky D Accum 6.12 6.73 Husky E Grow F 3.18 3.50 Hys of Resources 4.89 5.37 Inter Prov Cdn 5.38 5.91 Inter Prov Growth 4.63 Kaiser Growth 4 36 4.76 Loblaw C Pfd Magnasonics Pacific 5.87V, 6.71 6.99 Templeton Growth 7.34 8.04 United Accum 4.70 5.16 Pacific West Savings 7.93 8.72 Pa-Ben 5 6.03 6.63 Rainier 2 5.87 6.43 Down for the year Volume off the Vancouver Stock Exchange was down for every month in 1973 .from the 1972 levels. The busiest trading month was August when over 60 million shares changed hands. ______ Sharp U.S. dollar rise levels off on world markets Toronto mines, industrials LONDON (AP) The United States dollar levelled off on European foreign ex- change markets today after its sharp rise earlier the week. The U.S. currency was frac- tionally lower in London, Paris and Zurich. It was slightly higher in Frankfurt. Dealers said markets were relatively quiet and that a technical correction in the dollar's steep rise of the last few days had been expected. The dollar rose Thursday to some of its highest levels in Europe in the 11 months since the U.S. currency was devalued in February, 1973. The spurt was attributed largely to rising world oil prices which are expected to hurt the economies of Europe and Japan more than the United States. In London today, the dollar lost a quarter of a cent. The pound was quoted at NEW SHAHEEN MOVE CORK, Ireland (AP) Sha- heen National Resources Inc. ot New York said 'yesterday it plans to build a million oil refinery and petrochemical centre at Bantry in southwest Ireland. Michael Boland, a lawyer for the company, said the refinery would produce barrels daily for ship- ment to the eastern U.S. seaboard. Canada and Europe. The centre would take two years to build. In Frankfurt, the dollar rose to 2.7712 from 2.7640 marks. Gold prices declined. The metal had been rising on ru- mors that Arab states would demand some payments for oil in gold. In London, gold dropped an ounce today to Trade on markets to open ear Her TORONTO (CP) Spokes- man for the Toronto and Mon- treal stock exchanges said Thursday they will open an hour earlier on 9 a.m. instead of 10 offset the Sunday switch to daylight time by the United States. The decision was made to enable the Toronto and Montreal exchanges to open at the same time as the New York exchange, they said. The two exchanges will con- tinue to close at p.m. and some floor traders said Thurs- day they were unhappy with the prospect of working the extra hour. One trader, who asked not to be identified, said there is considerable unrest among the 450 traders and suggested there was a possibility of a walkout over the issue. OTTAWA (CP) Adequate fertilizer supplies will be available in the spring "unless transportation difficulties and phosphate import delays Agriculture Minister Eugene Whelan said in a report tabled in the Com- mons Thursday. However, prices would be higher. Mr. Whelan's report said western farmers can be assured of a 25-per-cent increase in supply over last year the second consecutive syear manufacturers have been asked to meet such an increase. The assurances came from fertilizer manufacturers, he said. Eastern farmers' demands are expected to increase by five per cent, said the report. Eastern manufacturers had pledged to increase domestic supplies to ward off possible shortages prompted by a significant reduction in some imported fertilizers and the production decrease of one large phosphate fertilizer producer because of en- vironmental factors. In the west, transportation problems are expected to create some isolated shor- tages, said the report. Also, some farmers using nitrogen fertilizers might have to "switch to an alternative form. Fertilizer prices will be higher, but for the first time in four or five years Canadian prices will be lower than in the United States, said the report. Manufacturers have said higher prices result from higher costs of raw materials almost double in some cases increased transpor- tation, labor and financing costs and a pressure within the industry to earn a reasonable return on investments. Mr. Whelan said he has urg- ed the fertilizer industry to consider. developing deposits of low-grade rock phosphate present in areas of British Columbia, Ontario and Quebec. Mr. Whelan recommended that farmers make wider use of soil tests to determine the most efficient use of fer- tilizer. Farmers face bright prospects CHARLOTTETOWN (CP) In 1974 Canadian farmers face their brightest prospects in more than 20 years, Federal Agriculture Minister Eugene Whelan told the Prince Edward Island Federation of Agriculture Thursday night. "Canadian farmers were put through the wringer in the last 20 years due to rising costs of production and prices that wouldn't keep he said. QUALITY DENTURE CLINIC EDDY DIETRICH Certified Dentil Mechanic Capitol Furniture Bldg. PHONE: 328-7684 I'm interested hi a free trial of the Philips 96 dictating system. I understand there is no obligation. NAME ADDRESS CITY PROVINCE LOOKER OFFICE EQUIPMENT 250-13th St. N. Lethbridge, Alberta 3 months Beef futures WINNIPEG (CP) Live beef futures close Thursday. Jan 48.80: Mar 53.00B- Mav 53.50: Jly 52.00B. Wednesday's volume: Two contracts. OoW futures Jan 74 I2I.2DB: Apr 74 126 SO' Jly 74 I30.30B; Ocl 74 133.808: Jan 75 136.SOB voHime: 117 contracts. Supplied by Richardson Securities of Canada 11A.M. QUOTES 49-25 MiNccs Burns 14.50 Acme 10V, Bc Forest 19-50 SateAsb.. BC Sugar A 20.75 Akaitcho 1 51 Bow lnd ALBERTA COMPREHENSIVE COMMUNITY SERVICES Bralorne 170 Cable Broulan 58 CAE Ind Bethlehem 151214 Carling p'Keefe 3.65 Bovis 180 Chemcell 5.62V: Brunswick 5.37V, Cellulose 6.75 Can. NW Land 8 Calgary Power 23.75 Canada Tung. OF GOVERNORS Cassiar 9 viv, SWN Gas pfd 10-50 Centra Pat 85 Cdn Industries Chirno 1 03 Cdn Marconi 3.50 cSnwest If0 Cdn Vickers 13.25 Cons. Rambler 285 You Live In Any One The Following Provincial Districts? Coin Lake J7 gPR 16.50 Cochenour 1 03 Cominco 34.75 Craigmont 6.37V, Cons Bathurst 28.50 Dickenson Mines 4.55 1S-50 Denison Mines 52 00 Dist Seagrams Pincher Creek 4. Bow Valley D'Eldona 40 Dom Bridge 36.00 Dome Mines 158.00 West 5. Taber-Warner D scovprv MIHPR 1 n9 Uum i exilic iasl0Ma7artic e Dom Stores 12.62% East Sullivan 2'40 Borne Pete Macleod e. Cardston Falconbridge 63.50 29.37V, Frobex 24 Glendale Mobile Little Bow First Maritimes .60 Grt Cdn Oil Sands 10.00' Giant Y K 1325 General Motors Granduc 355 Qrt Lakes RaPer Hollinger Gulf Oil Cda 32.50 Hudson Bay 27.37V: Hydra Ex 30 Hawker Sid Iron Bay 3.80 Hiram Walker YOU INTERESTED IN DIRECTING AND IMPROVING SERVICES AND ISO 1 g0 Huron Erie 31.12V: Joliet Quebec .21 Imperial Oil 40.00 Kerr Addison 1250 rnasca FOR THE MENTALLY RETARDED? Key Anacon 28% ckel Labrador 4050 nl Lake Shore 3.90 A ;-7S Langis Silver .06 u Intern I 18.25 Madsen R.L. 1 93 'ndust AcceP' 17-75 Malartic G.F. 1 16 Kaps I45 Martin McNeely 34 A 5.12% Maclntyre 5450 Laurentide 8.SO Mela 15 Loeb are being received for membership on the Board of Governors from the above six provincial electorial districts to establish a new system of service delivery for the mentally retarded citizens of Southwestern Alberta. Midrim Loblaw A Intern Mooul s'75 Metropolitan Nu West Homes 325 Mass New Athona 17 McMillan Bloed 33.12% New Calumet [24 SI25 Noranda 5100 Mo sons A Northgate 5 00 Mo.lsons B 22.00 Norle? 25 Nachurs 13.62% Pine Point 31 12% North Cent make policy dicisions which will provide a continuous and compre- Placer Dev. service for all mentally retarded citizens who are in need. Pax Exp. 1 15 Pnce Co 15.62% Quebec Man 13 Rothmans enable the mentally retarded to live as full and normal lives Rayrock I'D Shell CDA 18.25 Radiore '28 Simpsons their own community as possible. Rio Algom Simps Sears Roman9 Corp. 1400 Steel Canada Sherritt Gordon 15 00 Selklrk A Steep Rock Texaco 43.00 TekCorp. 350 Traders GrpA Texmont 18 Trans Mtn p'Pe United Canso 2275 9an P'pe Western Mine? 3.10 Union Carbide be genuinely interested in improving and normalizing services WH Copper Mines 325 Union Gas 10.00 Wright Hargreaves programs for the retarded. Previous involvement with the Willroy 115 United Siscoe 6.00 Windfall '12 Versatile Mfg handicapped, other social services or voluntary organiza- YeHowkmfe Bear 550 Westeel 19.50 Zenmae 08 Westons would be preferable although not necessary. Woodwards A 18 h INDUSTRIALS West Cdn Seed Abltlbl 13.00 Zenith Elec 2 Alcan 39.75 Algoma Steel 20.25 BANKS Atco Ind A 15.50 Cdn Imperial Jannock 5.75 Montreal 19 Agra Ind 10.12% Nova Scotia 3600 Bell Tel 40.25 Royal MUST BE RECEIVED Brascan 16.87% Torbnto-Dom JANUARY 15th, 1974 New must be prepared to attend regular monthly meetings in (Supplied by Richardson Securities of Canada) Amr. TST 51.25 Woolworth Upon consenting to serve, nominee's name, address, telephone number and pertinent background information should be Anaconda 28.50 Westinghouse Elec. TO; Beth. Steel 33.75 Gen. Tel. Elec. Chrysler Comsat 40.25 TORONTO Dupont 168.25 20 Industrials 216.45 up General Motors 47.12% 20 Golds 446.11 down Gulf 10 Base Metals 99.32 down .05 Int. Harvester 27.62% 15 Western Oils 254.00 up DIRECTOR Kenn. Copper 47.87% volume Montgomery Ward 20.75 NEW YORK AVERAGES 20 Industrials 873.38 down ASSOCIATION FOR THE MENTALLY RETARDED I Exxon 98 75 20 Rails 199 24 down 3 I Texas Gulf 15 Utilities 93.91 up" .06 Texas Co. 3175 65 Stocks 279.90 down 5th South Wix Corporation 14.37% Volume ;