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Lethbridge Herald Newspaper Archives

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Lethbridge Herald {Newspaper} - 1974-01-10,Lethbridge, Alberta The Merdld*Thurad^. imHmt 10.1t74-THI UTHMHDttl HUALO--» Business Stocks Miscellaneous Vancouver, Calgary, Montreal iSvpfilM by Doherty, McQiulg LM.) WESTERN OILS Decline in gold pricefe keeps market lower Slight increase in living costs    . The Consumer Price Index increased .9 to the December level of 156.4, up from 155.5 in November, based on a 1961 level of 100. Statistics Canada reported Thursday. The increase in the cost of living was due to slight increases in housing, clothing and restaurant food in December. Pork, soybean prices affect economic scene TORONTO (CP) - Frozen pork bellies and soyttean meal may seem to have little to do witta stock markets, but prices for these and other com-nxHlities have had an enormous impact on the world economic scene. Wills, BicUe and Co. Ltd. says in a recent market letter that the combination of low margins and volatile price movements has acted as a magnet in drawing eager speculators away from sometimes lethar^c stock markets to the ever-swinging commodity martlets. At thé end of 1972, the value of all commodity contracts traded was $257 billion compared with the $180 bUU<Hi value of common stocks trad* ed on all U.S. stock exchanges.    ' Commodity trading Is conducted in minimum units or Qontract sizes on extremely low margins. For example, one trading unit of wheat is 5,000 bushels having a total value of $25,000, but all that is required to buy it is a margin or down payment of $2,^. Two groups tfade in commodities^ commercial interests and individual traders who hope to capitalize on price movements but have no KAISER CANCELS CONTRACTS ON WIRE, CABLE PRODUCTS NEW YORK (AP) - Kaiser Aluminum and Chemical Corp. announced Wednesday it was cancelling contracts to deliver aluntoimn'iPiFe and cable products because of the oiergy shortage. The Oakland, Canf., based company said it was declaring a "force majeure” ii^ause of “the serious shortage of natural gas needed to operate the rod generator at its Tacoma, Wash.^ works.” The compfitfSr said this condition was likely to continue until the gas availability was at the 100-per-cent supply point and that the lost production would not be recoverable. IT PAYS TO LEASE! •    iMtlna frM« your worfcing MpHMl •    Lftvlnf pro¥MM nHtMt traiwpMlalltn «I low co«t •    Ychi liNt >lgn ■ contrael and puf ONI ngular nwMltlf * Y«w ,    and liaurano« Contact lORIS KOHEIHENKOV. Laaalnfl and loauraiwa Dapi. BENY AUTOMOTIVE ENTERPRISES LTD. 2nd Ava., Sth ST. S. — PHONE 321-1101 ,.r CORRECTIONI In th* Man'» Waar Advcrtlaamant which appeared on page 9 of tha Wadnaaday, January 8, Lathbridga Harald, tha following itam ahould hava raad: Boys' Long-Wear Corduroy Pants D. Large selection of 100% Cotton Cords in medium & fine wales. Styled with two front & two hip pockets, all-round belt loops. Popular flare leg styling. Sizes; 8-16. EACH 7.97 CORRECTION! ALL END ROLLS of CARPETS In Our Wadnesday, Jin. 9lh Ad should have been priced by the square yard. Wi fv|ril iiy iiKORVNitiici this nty iMvi caitid Mr dttoMrsI CIÄIP • • and CARPETS Sn • Stti SlTMl South    niom 327-«S7t interest in the products. Any member of the public can trade tbrou^ a commodity broker. Wills, Bickle says that for the last SO years the prices of most commodities were relatively stable, but in 1972 there was a “virtual explosi<m on the upside.” At the height of the speculative excitement last July and August, prices had risen as much as 400 per cent in less than eight mmths, representing actual gains of up- to 4,000 per cent for individual traders. Wills, Bickle calls this “the greatest speculative binge in history which so far Is surpassing by a wide margin the excesses of 1925-29. One effect of all this on North American economies is that exceptionally strong agricultural exports to Japan and Ehirope have moved the U.S. balance of payments into a surplus positicm for the first time since 1972. Two dollar devaluations liave -helped commodities especially desirable in Europe where inflation is much more severe than here. Wills, Bickle says. “tn recent months the U.S. dollar has put on an extremely strong performance. Tlier« is every indication that an influx of foreign funds into presently undervalued North American equity markets will develop, as international money managers seek to escape from European currencies and the Japanese yen." Extensive changes in act planned REGINA (CP) — Federal and provincial officials have recommended extensive changes in the Agricultural Stabilization Act so that there will be more price supports for farm products, the annual meeting of the Saskatchewan Federation of Agriculture was told Wednesday night. W. Esmond Jarvis, assistant deputy minister in the federal agriculture department, said the recommendations of the officials result from a September meeting of federal and provincial agriculture ministers but the two levels of governments are not yet committed to the proposals. Under the act, the federal government has to maintain prices of certain named commodities at 80 per cent of the average price over the previous 10 years. The act also gives the federal government the power to give price supports to other commodities. Mr. Jarvis said the proposed changes would make it man* jdatory to have price supports in more commodities—although he refrained from naming the specific products—and would replace the 10-y«ar reference period with a shorter period. Set record CALGARY (CP)-'n»acity of Calgary had a record construction year in 1S73, the city's planning department said Wednesday. Development permits totalling $242 million were imied daring the year, up $ia million from lf72. AND MIKES Aflôn MIftat    7.00 Albany OU    -71 Alminix    7.12‘A Atamart    14.2S Ashland Oil AI» Ea«t oat BP Canada    11.SO Bronda Minos    .T.l2Vi Can Souuwrn    4.95 Cdn Gas    3.30 Cdn Homo»t«a<J    6.7S CdnlnitG«    i-75 Cdn Long Island    .18 Ctiioltin    1O.S0 Cdn Supafiof    57,50 Dom* F%o    38.00 Dynasty    9.14W Fort Roiianca    M eiant Mucot    Ï 31 Gibraltar Minos    11.25 Gfanlst» .    S-50 Great Plains    27.G0 Ql Cdn Oil Sds    10.12'/t Lochlel Ekp    £.70 LyUon Uinaral*    1.08 Now Mlnat    .81 North Cdn Oils    S.62'A Mumac    1S.37W Pancdn Pata-    13.00 Pan Ocean    16.S2V1 Petrol . ■    1.70 Plnnacla Place Gas    .43 PondM    .55 Ranger OU    45.S0 Scurry Rainbow .    £1.76 Salbena    17.00 Spooner    36 Total Pete    7.00 Ulster Pate    -1.31 United Canso    22.62’A WC Pete    5.75 Western Decalta    7.12'A MISCELLANEOUS INDUSTRIES Acres Ltd    11.00 Aquitaine    2S.37V4 BC Sugar A Ptd    14.12V4 Block Brothers    3-40 Cdn Pac Inv A Pfd    33.25 Com Cap Corp    2.50 Carling O’Keefe A Pfd    23.75 Carlino O’Keefe B Pfd    28.25 Creit Forest Ind    8.75 Crows Indus    È8.00 Falconcrldse Cop    11-25 F and M Trust Co    5.12W Genslar    1$.75 Glob Com Units    40.00 Home Oil A    SO.OO Home Oil B    4S.1ZW Hudson Bay Co    17.37'ji Hudson Bay Oil    47.00 Hud Bay Oil A Pfd    SO.OO Hugh ftua C Pfd    51.00 Husky Oil    22-6i’A. Husky on B l»ld    39.00 Husky Oil D War    7.12>4 Husky Oil E war    0-M'A Hys of Canada    ■ 3.50 Int Pro Pipe War    6.75 Int pro Steal    13.12M Kaiser Resources    4.2s Loblaw C Pfd    25.00 Magnasonics    5.75 PaSfic Pete    31.7S Pac West Airlines    B.OO Pe-Ben Oilfield Serv    . 6.50 Rainier Ine    3.87'A ' fioyal Trust ,    26.00 Teledyna Trlmac Ltd West Cdn Sd Proc Westfield Min Weston A Pid White Yukon PIPE LINE STOCKS AHa Gas Un* A Alla Gbs Lina Ptd Alta Ntt Gas Inland Nal Gas Gaz Metro Gaz Metro A Pfd North Cam Gas North Cent B Pid Pac Gas Trans Tr Canada Pipe Tr Can Pipe A Pfd Tr Can Pipe B Ptd tr Can Pipe War WC Transmission WC Trans WIS CALGARY Acroll . Barons Oils M Continental West Warner VAI^COUVER MINES Atlas Explor Bath Norse Oankoe . Davenport -Dolly Varden Equltorlal Res Lornex Primer Pyramid ' SItv Standard Vailey Copper    ^ .    industrials Colum Brew Key Industries Wardair OILS August Pete PleTns Pete Pond Explor Stamp InB Res MUTUAL f All Cdn Compound All Cdn Dividend All Cdn Ventures Amer Grow F AGF Special Cdn Invest' F Collect Mutual Com Inter Com Leverage Com Venture Corp Investors Corp Invest 8 F Dre^s Fund US Qrt Pacific Grpd income Grov* Equity Invest Grow F Invest Mutual Mutual Aecum Mutual Grow F Nat Resources NW Cdn NW Growth Prin Grow Provident Mutual Royfund Temple Grow United Accumul Univer Sav Univest Vanguard    , 5.50 4.10 5.25 4.40 1.14 S#12'A 9.25 10.75 «8.00 19.75 9.37’A e.25 85.50 10.75 21.» 10.62’A 93.50 63-00 38.00 5.25 22.00 3.45 .67 .04 ,01’A .34 .33’^ 1-00 2.00 .32 .34 .15 9.50 -10 ■ .13 1.65 8.90 2.95 -16 1.55 .71 .20'A .60 .78 3S 6.33 G.88 6.69 7.29 3.39 3.66 4.B1 5.20 2,53 4.88 5.36 s.oe 5-5B 12,94 14.22 3.04 3.34 6.23 ; 5-75 6.21 6,62 4.84 5.32 10.ST 11.58 ,4.56 4,98 £.99 3.29 7.13 7.84 11.89 13.00 6.72 6.25 6.10 6.71 3,16 3.48 4.77 5-24 5.31 5.84 4.46 4,89 4.3S 5.77 7.30 8,08 e.66 6,93 7.07 7.75 4.49 4.83 7.B0 8-58 5,79 6.37 9.89 6,45 ' *’■    ’    '    '.    - I ' Í    It' Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES , Burns Acme ,11 8C Fareat Advocate Ash. 1.26 BC Sugar A Akaiicho 1.70 Bow Valley Ind Bralorne 1.84 Cable Broulan .62 CAE ind BetMeham 14.25 Carling O’Keefe Bovix' 1.80 CheR)ceil Brunswick 5.00 Cdn Ceiluloaa Can, NW Land 7.75 Cal Power Canada Tung. 3.05 Corort Credll Caaaiar »,60 CWN Gas Pfd Carlrai' Pat. ,96 Cdn Indus Chime 1.00 Cdn Marconi Conwast 4.S5 Cdn Vickers Con», flamblor 2,68 Ch^ler Coin Uke .18'/t Cochenour 1.01 Comlnco Craig mont 6-12’/4 Cons Bain DicKanson Mines s.oo Cons Qas Dani'aon Minea 40.50 DIst Seagrams D'Eidona .38 Dom Bridge Dome MinAs 166.00 Domtar Diicovery Minea Eaat Malartic 1-01 Donn Textll* 5.50 Dom Stores Eatt Sullivan Falconbrid^ 2,45 60.00 Dome Pete Dofaaco , Frotwx .23 Olen Mobile Firal Mariumaa . .86 Qrt Cdn Oil Giant Y.K. 15.25 General Motors Qranduc 3.60 ■ Qrt Lakea Paper Honingar 45.00 Gulf Oil Cda Hudaon Bay M&S 25.50 GreyHound Hydra Ex. .38 Ha«ker Sid Iron 9ay 3.75 Hiram Walker lao , 1.85 Huron Erie Joliet QuftbM .21 Imperial Oil Kerr Addiaon 12-75 Imaaca Key Anacon Labrador .Ï8 Int Nickel 42,00 int Pipe Uke Shora 4.50 inv Grp A Langla Silver .OS III International Madaen R.L. 2.21 Indust Accept Malartic G.F. r,23 Kaps Marlin McNeaiy .35 Kelly Doug A Maclntyr« 53.50 Laurentide Meta ,13'/i Loeb Midrim .15» LoDlaw A ■ intern Mogul 8.37‘A Metropolitan Nu West Homos 8.50 Masaey Ferg New Athona -19 McMillan Bloed New Calumet ,28W Moore Corp Noranda 49.00 Molsons A Northgate S.25 Molsons B Noffe* ,27 Machurs Pine Point 31.00 Nortr^ Cent Placer [lev. 22.87VÍ Povter Corp Pa* Exp. 1,25 Price Co Quebec Man AZ'/i Rothnnans flayrock 1.10 Shell CDA Rad lore .29 Simpsons Rio Aigorn 33,5Q Simp Sears Roman Corp. 12.7S Steel Canada Sherritt Gordon 14.37'A Selkirk A Steep Rock 1,90 Texaco Tek Corp. Texmont ■ 3.40 .21 Traders Grp A Trans M)n Pipe United Canso 22.75 Trans Can Pipe Weslern Mines 3.00 Union Carbide WH Copper Mines ■ 3,00 Union Gas WrighI Hargreavea 2.30 Union Oil WHIroy . 1.16 United Siscoe Windfall .14 Versatile Mtg Yellowknife Bear SM'A Wesleel Zenmac .07'^ Weilons industrials woodwards A West Cdn Seed Tt>R()NTU (L'P) - UoM shamijiuC-ii-rcd IIh’ siwfu'sl dcrliiKS as prices oa Ilk' 'ruiuatu ^tiK'k niarfcel ranaincd lowor in iiiodcriiic mid-morning Irydlnji «xlay. The iukl indt'x wan olf H.6 to 477.0S lutliiwine u I'urihvr drop in tlw price of liold in Kurupv. The industrial indCK, cünsidrri'ij ihi’ main Indicator ol in^irkcl Irond. rvll .45 to    bace incluís :l\ tu iKi.iiu and wusiern oils .15 til S7.fH. Volumt' by 11 a.m. was 8H7.0W sliiiix's. <mnpiirvd with l.li millliH al Hie saim- «Jiiif Wcdne.sda,v. |}iH■llnp.^ uulnuinbored advances by iitiiHil Iwu lu one. 2W to 100. with 16Í isKui’.s unchanf;«!. Itank. rominunication. mcr-rhamllsinti and cbcmicai slocks were amiKiK soi'lurs «Í the market recordiBg losses while conülruction and mutot'ial. oil rohning. pipeline and real I’slule KliK-ks were higher. Aiming Kolds. t'aitipboli Hed take Ifll T tu Caintlo ' 1 to tltrU and I’amiiur ' > to SF-i. Molsun -A was off ■. to 122’». ('iimlncu I (u    Kalconbridge NU-kel = 110 *60'». Biltmore 65 cents to and Itunk of Montreal --ii to Kii> Aljftim slipped -'i to and Turu ■'* tu fi:t. Cireat Canndian Oil Sands» dnipped ‘ i to f II)' a and United Canso ' I tu t22"i. Nifriinilii A rose -'k to $49'», Sli'inbeip's A 'a lu ÍÜO.' Cambridge U-EisehdWs (0 ill). Inco '» to $S5'a ;i1hI Stflni l<i «9'». , Ifan^er increased 2‘.i to t44~'i and Su4kts ‘ j 111 $17. MONTREAL (CH* — t^rices in all set-lurs but papers moved lower in light trading on the Montreal stock market today.'    , Volume (HI the Montreal Stock Eit-cliange al 11 a.m. was 43t,400 shares, compared with 436.700 shares at the .same time Wedneiiday. Banks fell 4.01 to 261.7*. the eom-posite .71 to 21S.83. industrials .36 to 2.15.11. and utilities .35 to 138.15 white papers rose .0« to 125.88. Kraser Companies fell I‘2 to $20‘^. Koval Bank •« to »3S‘'i, Falconbridge Nickel -‘1 to »60' I. and Canadian I'afiiif Ltd. 'I to    while Intcrpmvlni'ial Pipe Line row “1 to $■¿0= 1. Amuhf speculative issues. Gold Hawk Wncs fell two ccnts to 52 cents on a voluttie of 81.#00 shares. VANCOUVER (CPI - Prices were dowti in light trading at the Vancouver Stock Exchange close Wednesday. Volume was t.863,S51-' In the industrials. Hobrough was at Í1.2S on 49,100 shares. EDP was down .05 at .20 on B.7S0 shares. Captain International was down -01 at -S3 on 4,000 shares. Speculators Fund was at Í1.05 on 3.500 shares. Computrex was up .01 at .45. In the mines, Copper Giant was down .01 at .13 on 16Z.S00 shares. Northalr was down .07 at *1.55 on ll3.t00 shares. Green Eagle was at .22 on 4S,SOO shares. Cutlass was down .22 at Sl.16 on 42.900 shares. Northair warrants were at .57. Silver Standard was down .08 at *1.66. . In the oils, Chapparal was down one-hatf cent at .09 on 17,500 shares. Whistler was at .20 on 10,000 shares. Monterey A was down .lOat .32 on 9,500 shares. Princess was at .37 on 7,500 shares. Williams Gold was at .17. Stampfe was down .07 at .80. . NEW yOKK (AP) - After sconng major losses in the previous two (rading icssions. stock priees moved (iiH'anl IIh’ plus side lwta.v. hdp^ bv a staiemont b^' the Saudi Arabian oil ministiT. broker!! isaid. Ilrokers said stuelui. which opened Idwrr liiday. began aoing up after Situili Arabian Oil Mimster Sheik Alimad /aki Yamani voiced his cHunlrv's com'erh about Ihe effccts of hijiher oil prices on the world's tHimiKnies.    ' .Vt noon, the Dow Junes average of JO induslrials was up 4.23 to H9.C!. I)eclint'.s hi'ld a slight lead over gainers on IlK' New York Stock Exchange. The |h)U' lost 26.99 Wednesday and more tlian i!> puinis Tuesday. Hiiikcrs said the declines were based iKi loar.i of diHiiKUK- disasters in Kurupe and .lapan because of tbelr de-IH'nilencc on imported oil. (In the American exchange, Ciarlt-(ir:ivi'lv was the volume leader, down % 10 m. 'riK> Aiiit'X litarket-valuc index was (kwn .(* ul On llie NVSK. Exxon kwt I', lu (iuir '1 to 123'I. and Atlantic Itichlicld to *»"., Texaco gained -‘h to *29‘ 1 and Stan-dard.Oil ol California '> to *32-‘» hUlslnian Kodak was up ' 1 to *104' j aiMl Kirsi i'iational City Corp. up •' 1 to ■ R«' 1 l>isnov.gained I-i lo tS#"'« and lUM 5’i 10 *233’i-Aniung Canadians on the New York c^chall^e. IXjiiic Mines dropped 8 to (Iti.'), McIntyre l‘z to tKi'i. Hiram Walker l-'h to *50. Canadian I'aclfic lo *16'I., Intcrnatiunal Nickel ‘1. to iiir»'«. and Massev-Kerguson 'i lo »16" I S<-agrams gained ' 1 to *42 ■>, Hudson H;ix was un' hanKt'd at *27. {')n (he .American exchange. Scurry Itainbow slipped -V to *22 while liraKcan Was uni lianK«! al *16'*. UvMtoek BANKS ...... Jannock 5.62’.i Cdn Imperial Agra Ind Bell Tel 10.00 Montreal 40,50 Nova Scotia Braican A 16.00 Royal BC T*l 49.00 TorontO'Dom CALGARY (Cl*i - Receipts to 11 a.m. Thur^y from the Calgary public .stockyards totalled 1.050 head, mostly Hteerx and cows. Trade was active. Slaughier steers sold steady. Heifers were 50 75 «Mils lower. COWS were mostly in the lower grades, selling *1 lower. Bulls sold steady. Steers, Al. A2- 49.5ftiO.«. A3; 4849.25. A4 : 44.47,50. . Heifers. Al, A2: 4S44.20. A3:.41.50-«75. A4: 39^1. Cows. I>1. D2 : 34-36. D3; 31.50-33,50. r>l; 27-31. Bulls, good: 4345.50. . Keplaeemeit catUe were sbortfceep ,>itcer.<: weif^ing more than 900 pounds and heifers more than 800 pounds, selling steady. There were no stock calve.i on offer. Good.feeder steers more than B5« pounds: 45-52. Good feeder heifers more tlian 750 pounds: 40^4. Hogs f.o.b. to 11 a.m.. 4S.35. H09 prIcM KDMONTON- ICI'I - Average prices to 11 a.m. Thursday provided by the Alberla Hog Producers Marketing Board with Wednesday average in brackets-    . Edmonton: 49 30 ( 49,381. Red IJcer: 49.40 ( 49 521. Calgary: 49 36 ( 50,261. Lethbridge Nil (49.381. Lloydmmsler. Nil 149.05). r Kon Macleod; Nil (49.801.' . (Jrandc Prairie. Nil l4B.97t. . Total hog.'i sold to 11 a.m. 280, total Wcdneiiday 4.920. average 49.56. I*rices of sow,“! 35.10, Wliinip«« grain ■    WINNIPEG (CPI - Trading activity was up at mid-session on tlie Winnipeg Commodily Exchange, but priees dropped slightly (rcHn the open in some commodities. ‘ Flax was as much as one cent a bushel lower than Wednesday's close, Rapeseed continued lo climb — 18 cenU aushel January Vancouver under stnmg buyer demattd, ' Rye ranged between si:i cents and IDi'i cents higher in an active market. : Wednesday's volume of trade: flax 316,000 bushds. rapeseed 3,602,000, rye 2.076.000. and there was no trade on oats or barley,    , ■    Mid-session prices:    ' Flax: May unchanged 10,60: July 1 lower 9.85; Oct. 2‘.i higher 9.08teA. Rapeseed Vancouver; Jan. 1»higher 6.89; March 15 higher «.8»; June lOH'j higher 6.44=‘:tB; S^t 1 hi|^er 6J7A'. Rapeseed Thunder Bay: May 9 higher 6.34: July unchanged 6.20B; Oct. and Nov, not open. Oats; May unchanged 1.5SB; July un-changedl.47'4B. Barley: May unchanged 2.45'-kB; July unchanged 2.30B. Rye: May 10'/j higher 3.76^i; July 8“ I higher J.62'‘iB; Nov. 61 higher 3.46B, Grain quotes Wednesday basis Lakehead: Hiih Low Close Fllü Mav 1079»'j loss 1060 JI.V 1006 S8S 986 Oct — 806 Nov _ _ - 875 ' Rapeued Vancouver Jan G9» ess 071 Mar 674^'j 654 S54 -Juh 855 633'.4! 6S4 Sep 640 S2S Raw«eeä Thaader Bay ezfi May 639'■= 625 £25 Jiy — — . «20 Oct — — 600 Nov — — 585 Oats May — — 1S6 JLv — — 147'4 Bariev May — Jiy' — — Z30 Rye May 385 365 366'.a JI.V 3Î0>.'! 354 354 Nov — — 340 Chicago markata 14.12VÌ 19.00 20.50 2T.M'Á 13.7S B.37’A 3.60 4,90 #.75 23.62’A 2.2s 10.00 1S,iS 3.70 15.00 is.ea'A 15.50 3Î.S0 25.25 16.50 41.50 36.00 21.00 9.00 12.25 3B-7S 28,«2Vi B.Z5 10,12'/i 48,12’/i 24.25 32.37'^ 17,«2'/i 5.00 49.00 31.00 3».a7'A 25.00 35.37'/i 20-75 7.75 17.25 16.50 4.70 5.00 8.62>A 4.00 5.00 10.50 16.fi2'.4 30.50 49.50 22-25 21.60 13.12'A 10.87'A 10.25 14.25 13.25 18.50 7.50 11.25 29.00 13.50 43.50 1S.37’A 1S.12’/i 33.25 16.50 9,ft7'/4 13.37'^ B.1?M 6.25 18.12'A 19.00 19.25 4.25 2,60 27.37’/i 18.25 36.00 35.25 35.62’4 Qold prleaa LONDON (API — Closing gold prices in U.S. dollars an ounce: LoMion-m.25 P*rU-ll8.83 Zurlch~125.50 Hmg Kong-m.1« Belrni—3,978 a kilo Dollar valua MONTRHAL (CP) ~ U.S. dollar in terms of Canadian funds at noon Thursday was up 3-SO al *0.99 3-60. Pound sterling was down 17-10 at |2,2I 4-5. In New Y'ork. tlic Canadian dollar was down H-50 at *1.00 1920. Pound sterling wa.sdown 117-20 at I8.2Í 9-10. ■amlnga CHICAGO I AP) - Heavy liquidation accompanied : ,by stop-loss selling produced limit declines in some commodity futures on the major exchanges Wednesday. , On the board ot trade, wheat futures fell 20 cents a bushel, soybeans 20 cents, soybean meal *10 a ton, soybean oil 100 points or one cent a pound, and .oats six cents a bushel ~ all limit declines. Curranclaa MONTREAL (CP) — Thursday s mid-day foreign exchai^e nominal selling rates supplied by the Bank of Montreal:    , Australia dollar 1.4» Bermuda dollar 1,02 China renminbi .5000 Denma’r* kroner ,1545 France franc financial .1000 . Germany mark .3600 Italy lira commercial .001630 Japan yen ,003360 Mexico peso .0805 .■^in peseta .0177 Switzerland franc .2990 United States dollar .9930 United Klnedom pound i.25 U.S.S.R. ruble 1.J395 ' Quotations in Canadian funds. Corn was ust a «tuarterof a cent off the Ifrcent limit buf then recovered. Porft-belly futures surged to limits higher, then closed with a limit toss of 150 points on the Chicago Mercantile Exchange. Live cattle, live hogs and shell eggs advanced. Cotton futures were down the limit of *10 a bale, and silver near the limit lower, while cocoa eased 21» points and copper futures closed almost as much lower. Wool futures fell back as much as 6.5 cents. World sugar was up about 50 points. Grain dose: • Wheat: Mar 5.67: May 5.47, Jul 4,71Sep 4.68; Dec 4.71'■i. Corn: May 2.77^4; May 2.80; Jul 2,82':: Sep Z.75>'i: Dec 2.SS; Mar 2.61. Oats: Mar 1.45; May 1.47'/j; Jul 1.45; Sep 1.46. NAMED CHAIRMAN TORONTO (CP) - Edmund C. Bovey has been named chairman of the board and chief executive officer of Northern and Central Gas Corp. Ltd. C. Spencer dark, chairman since 1966, becomes vice-chairman. I\etv York (SapplM ky RicbardMa Secarlties «f Caaada) Amr. T»T    4*.*7'A    Wootworih    17.25 AnacfMdi    27.75    Wwiingho«« Etoc.    24.87 W BM), StMl    33.50    U.S. St«;»l ChrvtMr    1St7Vi    0«n, Tel, El«c.    24.87'/i SSSk    37«7Vi    TORONTO AVERAGES oSpSSt    1«0,37H    S Oenwai Motor*    46.7S    20 OoW* 484,43 1S.2S Gulf    23,37'^    TO ia»M«j;l»».Mup.15 int. Harveiter    24.50    f S W«t*rn Oili^57 »4 «Own ,35 Kenn. Copper    4a.12’A    Votum* 1,284,000 MontfloriS^Ward    20,25    NEW YOflK AVERA06S S«tr$    81.82'^    20 lm)utrrl«la »38.4^ up 1.89 Exxon    ' #1,37'A    20 Rtil» 188.2« ,47 T««» Gulf    33,50    15 LBin»»92.»^ .07 T«aa Co.    2» 25    «5 Stock» 287.8# up .1« Wix Corporrtion    13 50    Volum* 9.750,000 TNB CANADIAN PRESS Bott Valley ladastrles Ltd., six months ended Nov. 30; 1B73, *I,OSJ,000. 16 cents a share; 1972, *8«,oao, 13 cents. ■' B.C. .Sugar .Refiaery .Ltd., year ended Sept. 30: m?3. *5.940.8411. *2.40 a .ihare: 1072. *4,550.1». *1.S3. Grey Gwise Cara, Ltd., live cents, semi-annual, Feb. 9, record Feb, 15. Gllf Oil Corp., 37'A cents, U.S. funds, March 7, record Feb. g, Laidlaw TrunporUtioB Lid., seven cents; seven per cent pfd., series a, 17'/(t cents; five per centpfd., series B, 1214, cents, alt payable F'eb. 15, record Feb. 1. Northweilen .Ulillties .Ltd., four per centpfd., *I.OD, Feb. 1. record Jan, Lochlel .-Exploralions ..Ltd., nine months ended Oct. 31: 1373. *46,000, .# rents a shae; 1972, *45,000. .8 cents ,I..M. .Schneider .Ltd., .year ended Ocl, 27: 1973, *2,708.000. *1.04 a share, 1S72. *2,0007,000, 93 cenU. Traaiocean .Dll .Inc., .seven months ended Oct. .11: 1073, *2,482,040, 20 cents a share; 1972, *2.6il,685, 21 cents DIvldahda By THE CANADIAN PRESS Dividends arc quarterly unless otherwise noted, Caiada Permanent laeome Investmeiiti, trust units, si* cents, initial since listing, Feb. 21. record Jan. 31; trust units, six cents, March 21, record Feb. 2*. Canadian Utilities Ltd., 14'^ cenL*;, March I. record Feb. 15. Kcwanee Oil <.o-, ]2 cents, U.S. funds, March II. record Feb. 22, Quaker Oats Co,, 19 cents, U.S. funds, April JO. record March 12, Tele-Capital I4d„ class A, six cent,«!, Keb. 15. rccord Jan. 31, Baaf ffuturaa WINNirEO (CPi - Live be*l futures close Wednesday. J«n4975A: Mar54.50A; May55BB; ,Ily 54 OON Tuesday's volume: Nine conlracts. QoM futuraa WINNlPMi (CP) - fiold futures, t'fi Funds. Winnipett Commodity Ex-rhiinfte close WedncsdAV. ,lan 74 - 124 50A, Apr 74 - I ».SOB: Jtv 74 - IM «OB. ()CI 74 - 13* SOB; ■Ian 75 - 14.1nOA Tuesdav s vnluine- .154 eontracfs Your Business Associates Will Be Staying At The . . . F«mla B.C. • Color TV* DD* Ttl^phonM See You There/ ll*Mrvo 433-4498 ^i^atctiron ^^roecseing    sterns jC^imiled 1003 4th Avtnvi Lithbridgt T«i«phMM »M4M «iòato    »Svrviccs Colleaux& Mills Chartered Accountants TABER, ALBERTA are pleas«<] to Announce th« admission to p«rtn«rthip of Mr. Ray Masuda, Charter^ Accountant ÉI N L V !' L là) - Ü Ü ! V L c-n ;