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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 9, 1975, Lethbridge, Alberta Thursday, January 9, 1975 THE LETimi UiC'R IUWA1.D 19 Herald Business Toronto market prices mixed in light trading Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Dohcrty Limited WESTERN OILS AND MINES Afton Mines Albany Oil Alia East Gas Alrnmex Asamera Ashland Oil BP Canada Brenda Mines Cda South Cdn Cx Gas Cdn Homestead Cdn Ind Gas Oil Cdn Long !s Cdn Super Chiellan Dev Dome Peto Dynasty Nufori Res Giant Mascot Gibraltar Mines Gfanisle Gl Cdn Oil S Lochlcl-Ex Lytton Min North Cdn Oil Numac Oil Gas Pancdn Pele Pan Ocean Petrol Paloma Place Gas Ponder Ranger Oil Scurry Rain Seibens Spooner Total Pete Ulsler Pete United Canso West Pete West Decalta MISCELLANEOUS INDUSTRIALS Acres Lid Aquitame BC Sugar C Pld Block Bros Canbra Fouds "Cdn Pac Inv A Pfd Cdn Pacific Inv Carling O'Keele A Pld Carling O'Keete B Pfd Comm Cap Corp Crestbrook Ind Crowsnest lud Fafcon Copper F M Trust Co Genstar Home Oil A Home Oil B Hud Bay Co Hud Bay Oil Hud Bay Oil A Pfd Hugh Russeli C Pfd Husky Oil Husky Oil B Pfd Husky Oil E War Interprov Pipe War Interprov Steel Kaiser Res Kaiser Res War Loblaw Co C Ptd Magnasonics Pacific Pete Pe-Ben Oilfield Serv Royal Trust .24 Sandwell 4.70 Teleciyne 4.30 Traders Group Pfd 7.50 Trimac 6.00 Weslfield Min 9.25 Weston A Pfd 3.15 Whitepass Yukon 1.72 PIPELINE STOCKS 2.03 Alta Gas Trk A 2.43 Alta Gas Trk Pfd 6.25 Alta Nat Gas .09 Gaz Metro 24.00 Gas Metro A Pfd 4.55 Inland Nat Gas N C Gas N C Gas B Pfd .13 Trans-Cda Pipe .54 Trans-Cda A Pfd 3.95 Trans-Cda B Pld i 11.25 Trans-Cda War 5.87W WC Trans .85 WC Trans War 1.20 2.75 CALGARY 10.50 Barons Oil 9.00 N. Continental 7.37Vi Western Warner 1.10 VANCOUVER .57 MINES .21 Bathurst Norsemines .45 Cima Resources Dankoe 12.00 Davenport 5.75 Lornex .17 Norlhair Mines 4.50 Primer .42 Pyramid Silver Standard 2.40 Valley Copper 3.30 Key Industries Wardair OILS 5.12V? August Petroleum 14.75 Plains Pete 1 i 50 Stampede Int'l Res 3.25 MUTUAL FUNDS 3.40 All Cdn. Compound 2475 All Cdn. Dividend 12.50 All Cdn. Ventures 17.00 Amer Growth Fund 19.00 A.G.F. Special 1.46 Cdn. Invest Fund 2.50 Eaton Commonwealth 16.50 Eaton Leverage 6.25 Eaton Int'l Venture 4.QO Corp. Investors 15 50 Corp Invest Stock Fund Dreyfus Fund U.S. 17.00 Grouped In Shares 12.75 Growth Equity 20.00 invest Growth Fund 29.00 Investors Mutual 52.00 Mutual Accumulating 13 Nat. Resources 28.75 N.W. Cdn. 4.20 N.W. Growth 2.25 Principal Growth Royfund 5.00 Templelon Growth United Accumulative 21 25 Universal Savings 1 40 Vanguard 14.87VJ 2.05 3.75 3.70 3.50 .56 45.00 5.75 11.12'A 50.00 15.00 5.00 50.00 7.50 9.50 17.00 9.00 49.50 28.50 .60 19.00 1.82 .04 V: .01 .15 1.06 .42 2.16 .55 3.95 1.85 .11 .06 1.26 5.25 .07 1.25 .13 .09 .64 4.79 5.11 2.03 3.52 1.80 3.89 11.08 2.17 4.19 4.86 3.53 8.33 2.40 4.56 9.42 4.53 4.97 3.36 4.04 3.37 3.01 4.96 6.33 3.49 6.52 3.70 TORONTO (CP) Prices on the Toronto stock market turned mixed in mid-morning trading Thursday after nine straight gains. Volume was light. Industrial shares, which had recorded some of their strong- est gains in three months on Wednesday, were slightly lower. The industrial index was off .19 to 164.53. Golds gained 3.37 to 391.82, base metals .50 to 59.46 and western oils .22 to 128.85. Advances outnumbered de- clines 129 to vyith 124 issues unchanged. Volume by 11 a.m. was 000 shares, down from at the same time Wednesday. Alcan fell to Falconbridge Nickel to Stelco A to Bow Valley to and Brascan A Vs to Phillips Cables rose IVa to Indal Canada Vfe to Home Oil A to Zellers to and Westcoast Transmission to Dome Mines gained Va to Dickenson Vj to and Camflo Vi lo Agnico- Eagle lost VH to Numac was up to JlOft, Total Pete 15 cents to and Pan Ocean to United Canso dropped to and Ranger 'A to Market trends MONTHEAL (CP) Prices liifjlitr in tight trading on Hie Montreal Stock Exchange Thursday. Hanks ruse 1.05 to 222.12, industrials 0.54 to HJ6.15, the composite 0.43 to 164.39 and papers 0.09 lo 99.52 while utilities fell 0.21 to 127.13. Imperial Oil to and Bison Petroleum 'H to while Uruscan A full to 11% and CP Ltd. to Wft. cunt to 33 cents on a volume of shares traded. VANCOUVER (CP) Prices were volume was shares. In tlu: industrials, EDP Industrials Farmers should decide grain-handling changes REG1NA (CP) Prairie farmers should decide among themselves what changes they want made in the grain- handling system, Canadian Wlieat Board Commissioner R. L. Kristjanson said Wednesday. Speaking to the annual meeting of the Palliser Wheat Growers Association, Mr. Kristjanson said when a varie- ty of proposals is put forward, it is hard to know what the consensus is. "I would therefore like to suggest that much more emphasis has to be placed on dialogue between farm organizations so that some kind of consensus emerges as to the changes farmers want. "If this could be achieved, our job of implementing those march forward together with a much greater degree of con- he said. Mr. Kristjanson said there is a mood of gloom about the Winnipeg grain WINNIPEG (CP) Futures prices slipped in light activity through mid session Thursday alter a strong open on the Winnipeg Commodity Ex- change. Most prices were at or near Wednesday's closing quotes. Wednesday's volume of trade was 239.000 bushels of feed wheat, Earnings Toronto mines, industrials {Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bouis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochcnour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic Easi Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger A Hudson Bay MSS A Hydra Ex. Irpn Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langrs Silver Madsen Malartic G.F. Martin McNeely Maclntyre Meta Midrim Intern Mogul NuWest Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Sunningdale Tek Corp. A 1 ex mo m United Canso Western Mines VVH Copper Mines Wright Hargreaves Willroy Windfall Yellowknile Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Agra Ind Bell Tei Brascan A Forest Sugar Valley Ind Ind Power Foods Cellulose O'Keefe Credit Gas Ptd Ind Marconi Vickers Bathurst Gas Seagrams Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid Walker A Erie Oil A A Nickel Pipe Grp A Infl Ltd Douglas A A Fcrg Bloed Corp A B Cent Corp Co CDA Sears Can A A Grp A Mtn Pipe Can Pipe Carbide Gas Oil Siscog Mfg A 26.1 Imperial Scolia Dom 48.00 9.25 11.00 10.50 6.87'A 22.25 2.40 4.90 2.32 3.75 1.55 8.00 1700 2.85 12.25 9.12VS 26.12VS 24.25 14.50 19.00 18.75 7.12'A 16.12'A 19.75 1.60 5.75 35.00 25.00 4.40 37.75 24.87 'A 23.75 21.37VS 13.00 6.00 18.25 1.20 4.50 7.50 2.80 5.62VS 11.25 15.25 40.25 15.25 14.00 7.1214 9.62'A 2.55 8.25 13.50 12.25 7.12'A 26.87 VS 11.50 28.00 11.50 9.75 14.25 7.87'A 8.00 2.65 '4.95 21.50 20.50 18.62'A 23.00 35.87 Vi 27.50 34.00 By THE CANADIAN' PRESS Headway Curp. Ltd., year ended Aug. 31: 1974, 45 cents a share; 1973, 47 cents. M. I.och Ltd., 39 weeks ended Oct. 26: 1974, 66 cents a share; 1973, 29'cents. Niagara Structural Steel Co. Ltd., year ended Aug. 31: 1974, SI.80 a share; cents. (iranby Mining Co. Ltd., year ended Sept. 30: 1974. S5.31 a share- 1973, 53.82. Granislc .Copper .Ltd., .year ended Sept. 30: a share- 1973. Great National Land and In- vestment Corp. Ltd., six months ended Oct. 31: 1974, 10 cents a share; 1973. 9.6 cents. Interprovineial Steel and Pipe Corp. Ltd., three months ended Nov. 30- 1974, 51.20 a share; 1973 63 cents. National Sea Products Ltd., three months ended Nov. 30: loss, S1.05 a share; 1973, profit, 67.5 cents. Baton Broadcasting Inc., three months ended Nov. 30: 1974, 18.3 cenls a share; cents. Hardec Farms International Ltd., 24 weeks ended Nov. 16: 1974, nine cents a share; 1973, six cents. International Harvester Co. of Canada Ltd., year ended Oct. 31: 1974, no per share figures available; 1973, Parkland Beef Industries Ltd., year ended June 30: 1974, loss, 3.88 cenls a share; profit, 56.13. J.M. Schneider Ltd., year ended Oct. 26: 1974, 51.21 a share; 1973, 51.04. of oats. of barley, of rye, of flax and of rapeseed There was oo trading in cor- n. MID-SESSION PRICES: lower July uncha Oct. one lower 7.37A. Vancouver rapeseed: Jan. lower 8.20; Mar. one higher 8.12B; June one higher 8.01B; Sept. higher 7.71A. Flax: May lower 10.05A; Oct. (wo lower 9.4HA: July not open. Feed wheat: May six higher 3.83B; July and Oct. not open. Corn: Mar., May and open. Oats: May 2% higher July one higher 1.85B. Rye: May un- changed July' one lower Oct. not open. Grain quotes Wednesday basis Lakehead: Hiijh Low Close Flax May 1015 1005'A 1006% trading Wednesday. Volume was shares. In the industrials, Canadian Jaycline was up 51 at Venture Proper- ties rose .04 at .28; Jolly Jumper un- changed at .12; Newmark up .10 to .70: lonarc unchanged at ,13 and First City unchanged at 56.75. In the mines, Geo Dyne up .12 to down .15 at 53.30; Consolidated Beau- mont up .Ol'.i al .26 and QC Explora- tion up .02 al .22 In Ihe oils, Rand A up .03 at .77; Payette up one cent to .15; Bison Petroleum up .40 to 56.05; Sei.eca down one cent at .79; Coynex rose .15 at'51 and Stampede dropped one cent at .66. On the curb exchange, volume was Wheat board ends feed i WINNIPEG (CP) The Canadian Wheat Board Wednesday withdrew from the domestic feed grains market as a supplier of wheat and barley. It will continue to nan said the step was taken because suf- ficient supplies of feed wheat the private trade meet the needs of Canadian livestock producers. "We really had planned to get out earlier but a combina- tion of last yeaf's trans- portation problems and the late crop delayed the he said. "We now feel the domestic world's outlook and many leading financial experts seem to believe that a major recession, if not a depression, is rapidly developing. Because of the influx of oil and grain money, western Canada is being insulated from the slump "but this won't last very long if world economic conditions continue lo worsen." While western Canada could do little about world-wide problems, "knowing this doesn't mean we should stop making the changes which strengthen our industry in the future." Mr. Kristjanson said with the lessons learned about the precarious balance in world food supplies, there is a good chance that a new inter- national wheat agreement will be negotiated in the next years. provisions will be "con- siderably more meaningful than those contained in the aborted arrangement negotiated in Geneva in 1967 and it is also possible that such an agreement will con- and barley now are available situation is stable enough that tam Prov'sions for a world r Jly 965 Oct Kapesoeil Thunder Bay May Jly Oct 963 Mar Jun Spt Hyc May Jly Oct Barley 826 820 300% 809 296 Vt '2 Del May Jly Corn basis Feed May Oct .16; Swim Lake unchanged at Geur down .03 at .40; Mundec Mines dropped .01 Vi at .25 and Consolidated Monarch rose .06 at .25. NEW YORK (AP) The stock market declined slightly Thursday, but showed signs of steadying after some early selling. early going, was down only 1.17 at 634.23 by noon. Gainers trailed losers by about a 54 margin on the New York Stock Exchange. On the American Stock Exchange, the market value index gained .06 to 64.98. The NYSE's composite index of more than common stocks was off .06 at 37.10. Among Canadian issues on the NYSE, Dome Mines was up to Campbell Red Lake to and national Nickel remained unchanged at. we can concentrate on export of wheat and barley. Farmers delivering these the higher export prices." to the private grain trade to meet Canadian requirements. The board, a crown agency, is the sole export marketing grains to the board expect, authority for wheat, oats and and are entitled, to receive barley. It also had control over inter provincial sales of feed grains until the federal government put these on the open market last year. The spokesman said the board only remained in the domestic market at the time because there were insuf- ficient supplies in the hands of gram reserve' gold price ChlCagO new small car series DETROIT (AP) Despite PALLISER DISTILLERS APPOINTMENT 376 375 378 Livestock Dividends THE CANADIAN 1'RESS Corporation dividends Monday, quarterly unless otherwise noted. Crown Cork anil Seal Co. Ltd., 75 cents, Feb. 14, record Jan. 14. Hand Chemical Industries Ltd., five cents: pfd., five cents, plus five cents participation, both payable Feb. I, record Jan. 8. Currencies MONTREAL (CP) Thursday's mid day foreign exchange selling rates supplied by the Bank of Montreal: Bermuda dollar 1.0100 France franc .2275 Germany mark .4175 Hungary forint .0414 Italy lira .001560 Japan yen .003330 Mexico peso .0805 CALGARY (CP) Receipts to 11 a.m. Thursday from the Calgary public stockyards totalled about head, mostly slaughter steers and heifers. Trade was moderate on all classes except heifers where trade was strong. Al. 2 heifers sold to higher on light receipts of cows. Bulls sold steady. Steers Al, 2- 43 to 44, A3 41 to43, heifers Al, 2 :ifi.50 to A3 34.50 to 36.50. Cows Dl, 2 18 to 19.50, D3 16 to.lH, 13 to 16. Good bulls 19 to 21. There were insufficient feeder cattle or stock calves to establish a market. No hogs sold. HOQ EDMONTON (CP) Prices to 11 CHICAGO (AP) oil and soybean futures fell allowable limits for the second straight session on the Board of Trade Wednesday. Soybean meal futures eased a ton and corn futures were down 3 cents a bushel. Wheat gained about 5 cents and oats prices were mixed at the close. The fall of soybean and oil futures prices was largely a continuation of a weakness that had set in early Tuesday. There were several brief intervals when some trade was held in each pit, but in the closing minutes prices returned lo the low points again. The selling was attributed to weakness at the cash level, export sales of competing oils, increased tenders for delivery against the outgo- ing January contracts and higher slocks of oil, compared to last year at this time. The early weakness in the soybean complex tended to influence lower prices for wheat, corn and oats. Wheat was down '12 cents a bushel at one time, corn 8 cents and oats 4 cents. Late in the session, some new buying developed in the three pits and as shorts were forced to cover prices rose. The buying in wheat was influenced, to a degree, by a report of new export business. Gold futures were up sharply on the opening after London gold reportedly sold at above the previous close. Prices moved in a fairly narrow range and in light trade into the close, when PARIS (AP) France today revalued its gold reserves to, an ounce from anj ounce. I The change was primarily ai bookkeeping operation and gave! France a quick paper profit of I more than billion. The new price is close to the the drastic slump in U.S. auto prevailing free market rate. sales, General Motors plans to The finance ministry said the' introduce a series of new tons of gold held by the small cars within the next Bank of France had been reval- three years, says a Detroit ued to billion from newspaper. billion. The Detroit News reported Gold dealers here said they Wednesday that sources expected the revaluation to within GM say the firm will verse the recent downward bring out a small Chevrolet slide in the free price of gold cheaper in price than the Vega and continue to strengthen the for 1976. franc. The newspaper also said the company will push ahead with plans to design a new family of compact cars and a smaller version of its standard-size cars for 1977. GM's long-awaited small Cadillac conies out this spring. E. H. Kott The appointment, of H. Kott as Western Manager, 1'allisL-r Distillers Limited, has been an- nounced by J. W. Almond, Vice President and Genera! Manager. Mr. has been as- sociated with i h e beverage alcohol industry in Alberta for many years, is now responsible for marketing ihe full line of Palliser products throughout Western Canada. He is located at Ihe company's Calgary office. Gold price 2> citatvon iJt iysfcn: Avenue South, L 329-44! ta iJervices 1003 4th Avenue South, Lethbriclge Telephone 329-4426 rocessincj United Kingdom pound 2.3200 U.S.S.R. ruble 1.3254 Quotations in Canadian funds. New York (Supplied by Richardson Securities of Canada) Arm. 1ST Woolworth Anaconda 14 Weslinghouse Elec 10 75 Beth Steel U.S. Steel 3925 Chrysler Gen Tel Elec 18.50 Comsat 29.50 TORONTO AVERAGES Dupont 94.25 20 Industrials 164.89 up .17 General Motors 35.12V; 20 Golds 387.34 down .75 Gulf 18.25 10 Base Metais 59.55 up .59 Int Harvester 15 Western Oils 129.99 up 1.36 Kcnn Coppqr 35 87'A Volume 783.000 Montgomery Ward 14.62% NEW YORK AVERAGES Sears 50 87Vj 20 Industrials 634.23 down 1 17 Exxon 66.00 20 Rails 147.53 up .90 Texas Gulf 2400 15 Utilitios 74.70 down 22 Texas Co 22.75 65 Stocks ?07.35 NO Wix Corporation Volume LONDON (AP) Wednesday clos- ing metals bid-ask in pounds sterling a metric ton; silver in pence a troy ounce: 519-519.5; futures futures Lead-spot 228-228.5; futures 212- 212.5 3.10-331; futures 302.5-303 180-180.5: 3 months 185.4-186 Gold futures WINNIPEG (CP) Gold futures, U.S. funds, Winnipeg Commodity Ex- change: 400-OUNCE CONTRACTS: Jan 75 176.85A; Apr 75 179.70; Jly 75 183.50: Oct 75 188.50A; Jan 76 194.00B. Tuesday's volume: 738 contracts. IOO-OUNCE CONTRACTS: rch 75 178.00U; May 75 182.00; Aug 75 187.00A; Nov 75 190.00B: Fob 76 Tuesday's volume: 286 contracts. LONDON (AP) Closing gold prices Wednesday in U.S. dollars an ounce: I-ondon 178.00 Paris 186.33 Frankfurt -178.59 Zurich 178.00 Hong Kong 172.20 Beirut 5.650 a kilo. Beef futures WINNIPEG (CP) Live beef futures close Thursday. Jan. 45.90A; March 47.00A: May 46.00. Tuesday's volume: Eight contracts. Calgary: 49.35 Lethbridge: No sales Fort Macleod: No sales Hogs sold to 11 a.m. 430. Hogs sold Wednesday average 49.59. Sows average 30.40. Dollar value I, (CP) U.S. dollar in terms of Canadian funds at noon Thursday was up 1-50 at S0.99 16-25. Pound sterling was down 1-100 at In New York, the Canadian dollar was down 1-50 at 925. Pound sterl- ing was down 120 at 19-20. At the close, soybeans were 15 to 20 cents a bushel lower Jan. 6.70, wheat I to 5 higher March 4.23, corn 1 to lower March 3.39 and oats Vz lower to Grain quotations Wednesday: Wheat: Mar4.23; May 120; Jul 3.96; Sep 4.01; Dec 4.10. Corn: Mar 3.39; May 3.41: Jul Scp 3.20; Dec Mar 2.93. Oats: Mar I.64ta; May Jul Sep 1.50; Dec 1.58. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Thursday: 3 CW Red Spring wheat 5.32W; No. 1 feed barley I feed oats to climb LONDON (AP) The price of gold jumped again on Eu- ropean markets today. Gold traded in London at an ounce, up from Wednes- day's close. Earlier trading in Zurich, the other main Eu- market, was at up Wednesday's closing prices were higher in Zurich and higher in London than Tues- day's. Dealers said buying from Europe and the Middle East was responsible for the ad- vances, but as usual refused to identify their customers. Your Chance to Save! PREPAY YOUR TAXES All p'ayments of Property and Business Taxes made in January or February (not exceeding the 1974 Taxes) will be allowed interest at the rate of 8% W ill PER ANNUM From the date of payment to June 30, 1975 REMEMBER The earlier you pay the more you save on your 1975 Taxes. City of Lethbridge Specialists in all types of Engines ENGINE REBUILDING CYLINDER BORING AND RESLEEVING CRANKSHAFT REGRINDING WISCONSIN ENGINE Sales- and Service; Centre CUSTOM ENGINE PARTS LTD. 1605 3rd Avtnut South Phone 328-8181 ;