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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 10, 1975, Lethbridge, Alberta -The January 10, 1975 THE LETHBITOGE HICRALO 19 Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherly Limited WESTERN AND Oilfield Alton 12 Vj Albany Alberta East Grp BP A Brcnda Cdn Ex Gas Trk 1 37 'A Cdn Gas Trk Cdn Ind Gas 3 7 Nai Cdn Long 37 'A Cdn Metro A Chieltan Nat Dome C a C Gas 8 Giant Gibraltar Pipe A 'A Pipe B Gt Cdn Oil Lochrel Lytton Trans North Cdn Numac Pancdn Pan Place 1 Ranger Scurry Tola! Ulster United Canso Weslcoast Silver 1 70 West Acres Aquitaine BC Sugar C Petroleum Plains .08 Block Bros Canbra Int'! Res MUTUAL Cdn Pac Inv A Cdn. Cdn Pacific Inv Carlmg O'Keefe A Cdn. Dividend All Cdn. 2 05 Carling O'Keefe B Pfd Comrn Cap Growth Fund A.G.F. 1.83 Cresibrook Investment Crowsnesi Falcon 7 F S M Trust Int'l Home Oil 7 Invest Stock Home Oil Fund Hud Bay 12 In Hud Bay 62 Hud Bay Oil A Growth Hugh Husky Oil Husky Oil B Accumulating Nal. 3.41 Husky Oil E 1 Interprov. Pipe Interprov gg Kaiser Kaiser Res Loblaw Co C1 Canadian trade links damaged by politicians West oil stocks pace market rally TORONTO (CP) The To- ronto stock market continued its brisk rally Friday with western oil shares again leading a sharp advance in ac- tive mid-morning trading. Western oils were up 6.53 to 140.59 and the industrial index 1.91 to 168.89. Both indexes, closed higher the 10 previous sessions, and Friday's ad- vance had the added stimulus of a broad rise on the New York market. Base metals were up .30 to 60.67 while golds fell 1.86 to 384.98. Home Oil A rose 1% to Fairview 1 to Dome Pete 1 to Acres to and Du Pont to Siebens Oil and Gas gained to Ranger 1 to and Canadian Homestead 40 cents to Denison Mines was up 1 to Placer to and Rio Algom Mines to Fittings fell lYz to Maclaren Power A to Agnico-Eagle Mines to and Camflo to Market trends Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES BC Forest Advocate Sugar Akaitcho Valley Ind Cable Ind Power Bovis Foods Can Cellulose Can. NW Land Canada O'Keefe Chemcell Credit Central Gas Ptd Ind Con west Cons. Marconi Cnd Vickers Coin Lake CPR Dickenson Mines Denison Mines D'Eldona Dome W 42.50 .26 Bathurst Cons Gas Dist Seagrams Dom Bridge Discovery East Textile East Stores Pete Firsl Mobile Giant Cdn Oil Motors Hollinger A Hudson Bay MSS Lakes Paper Gulf Oil Hydra Iron Sid Iso Joliet Walker A Huron Erie Kerr Oil A Key A Nickel Lake I Pipe Langis Silver Madsen Vi Grp A IU Int'l Malartic Ltd Martin Mela Douglas A Intern NuWest A New New Calumet Ferg McMill Bloed Corp A Pine B Piacei Pax Cent Quebec Rayrock Corp Price Co Rio Algom Roman Shell CDA Sherritt Gordon Steep Rock .92 Simp Sears Steel Can A Tek Corp, A United Canso Western Mines WH Copper 7 Vt 1.52 Grp A Trans Min Pipe Trans Can Pipu Wiiqht Carbide Gas Oil Yellowknile Siscoe Zenmac Mfg Westeel A Algoma Steel Atco Can Imperial Agra Bell Scotia Brascan A BC Tor Dom 9.50 18.87'A 11.50 7.00 23.00 2.40 5.12V4 2.25 3.90 1.55 8.00 18.37K 2.90 12.37V, 9.25 14.75 26.25 24.CO 14.87'A 33.50 20.75 19.00 7.12V4 16.62VS 22.00 23.50 1.60 5.75 36.62'A 15.50 27.00 13.25 1.50 38.00 25.25 25.37'A 24.8714 22.12'A 1325 6.00 10.50 5.25 1.25 4.50 7.25 2.80 5.87 VS 11.25 15.50 22.87V, 40.62V, 15.37V; 14.50 7.12VS 9.75 2.80 8.62V, 13.75 9.62V, 13.00 7.50 9.25 27.25 12.00 28.50 12.37V, 10.62V, 9.00 14.87V, 7.87V, 8.75 2.80 5.00 21.50 20.75 19.50 VANCOUVER (CHI Prices were up in light trading on the Vancouver Stock Exchange today. Early volume was snares. In the industrials, lonarc was up .01.. In the mines, Anglo-Bomarc was up .Otj at In the oils, August Petroleum was up .011, at .19. On the curb exchange Mark V was up .05 at S1.65. Prices were up Thursday in light trading. Total volume was shares. In (he industrials, Venture was up .09 at .37; Cornal unchanged at 1'JDI' Industries unchanged at .05; IU up .75 at S10; Great Pacific unchanged at .48 and lonarc up .01 at .14. In the mines, Gco Dyne up .02 at .23; Anglo Bomarc up .13 at 11; Grandora was up a half cent at Consolidated Beaumont down .02 at .24; Seaforth up .05 at .50 and Thor Ex- ploration up .35 at In the oils, Seneca was up .05 at .84; August Petroleum up at Monterey A unchanged at .11; Cop Ex unchanged at .14; Payette down .01 at .14 and Coynex down .10 at .90. Volume on the curb exchange was shares. Petrowest unchanged at .16; Mark V up .20 at Mundee up .09 at .34; Beermasler up .04 at .45; Decade up .02 at .30 and Envoy Resources up .04 at .17. NEW YORK (AP) The stock market greeted the news that Presi- dent Ford had tentatively decided on a billion tax cut with a potent rally in heavy trading Friday. The noon Dow Jones average of 30 industrials was up 12.52 at 657.76. Gainers overwhelmed losers by close to a 10-1 margin on the New York Stock Exchange. American Telephone Telegraph, the NYSE volume leader, rose to in trading that included blocks of and shares at On the American Sloek Exchange, the market-value index rose 1.00 to 67.10. The NYSE's composite common- stock index advanced .76 to 38.53. Among Canadian issues on the NYSE, Mclntyre was up to Alcan a to S20% and Canadian Pacific to Seagrams rose "A to and Inter- national Nickel 'A to S22V4, while Campbell Ked Lake dropped to and Dome Mines to 24.25 13.37V! 36.00 28.25 34.50 New York (Supplied by Richardson Securities of Canada) MONTREAL (CP) Ail sectors moved higher in light trading on the Montreal Stock Exchange Friday Banks rose 2.70 to 226.85, industrials 2.47 to 171.95, the composite 2.20 to 169.33, utilities 0.9S to 129.09 and papers 0.70 to 100.94. Aquitainc rose Hi to SIB'A, Dome Petroleum 1 to Mercantile Bank to Bank of Nova Scotia to and Calgary Power to ?23. Among speculative issues. Silver Stock Mines Ltd. dropped two cents to 93 cents after trading stares. Chicago markets CHICAGO (AP) Most farm com- modity futures declined on the Board of Trade Thursday in late profit-taking and stop-loss selling. Small gains that were maintained for a brief time in the last hour in wheat, corn, oats and in the soybean complex were virtually erased. Gold futures showed a small gain on (lie opening, following some firmness in spot gold at London. Prices then fell back but recovered to close virtual- ly unchanged. The demand for futures early in the session was rather surprising because most pits had closed on the weak side Wednesday. Soybeans and soybean oil had posted limit declines for the se- cond straight day. The early demand lifted soybeans 10 cents a bushel and oil about 30 points while meal gained a ton. Despite reports that some export business had been negotiated, all three commodities in the complex eased in the closing minutes as local profes- sionals took profits. Some strength in jsr.uns was attributed to expectations of export business with several European countries. Corn and oats strength also was attributed to inclement weather. When the soybean complex weakened grains also came under profittaking. At the close, wheat futures were I to 4 cents a bushel lower March 4.22, corn 3 lower to '.i higher March 3 38, oats (4 to 2U lower March 1.62 and soybeans 4Va lower to 4 higher, .Ian Currencies MONTREAL Friday's mid day foreign exchange selling rates supplied by the Hank of Montreal: Bermuda dollar 1.0100 France franc .2275 Germany mark .4175 Italy lira .001560 Japan yen .003330 Mexico peso .0805 Switzerland franc .3930 United States dollar .3995 United Kingdom pound 2.3700 U.S.S.K. nihle 1.3254 Quotations in Canadian funds. Winnipeg grain WINNIPEG (CP) Most futures prices made modest gains in light ac- tivity through mid session Friday on the Winnipeg Commodity Exchange. Feed wheat made the most solid gains, up as much as six cents a bushel. Thunder Bay rapeseed did not open. Thursday's volume of trade was 000 bushels of feed wheat, of oats, of barley, of rye of flax and of rapeseed. There was no trading in corn. Mid session prices: Thunder Bay rapeseed: May, July and Oct. not open. Vancouver Rapeseed: Jan. two higher 8.17; Mar. 4h higher June higher Sept higher 9.450. Flax: May one higher 9.92B; July two lower 9.45B; Oct. not open. Feed wheat: May six higher 3.92A; July six higher 3.85B; Oct. three higher 3.81B. Corn: Mar., May and July not open Barley: May higher 2.99'A; July unchanged 2.90; Oct. not open. Oats: May '4 higher 1.92; July higher 1.87B. Rye: May 22 higher July 3Vz higher 2.91A; Oct, not open. Grain quotes Thursday basis Lake-head: High Low Close Flax May 1005% 991 991 Jly 955 947 947 Oct 925 Rapcsocd Thunder Bay May fioo 794% 791 Jly _ 772 Oct 737 Rapeseed Vancouver Jan 8223A 814 815 Mar 818 807 807 Jun 807 Vi 794% 794% SP' 76B Rye MaJ' 3Qt> 299'4 Jl.v 287 287 it Oct 281 Barley May 298 298 Jly 290 Oct _ 280 Oats May 191% igo% JI.v I86fe Corn basis Montreal Mar 374 May _ 380 JI.v 367 Feed Wheat May 386- 381 386 Jly _ 379 Oct _ 378 Unveiled American Motors un- veiled the Pacer Thurs- day, its first small car in five years, on the gamble it will spur the firm out of the current industry sales slump. Industry es- timates put the sticker price at between and compared with about for the Gremlin. It is scheduled to go on sale in March. AMC says the pound car is expected to get about 15 miles to the gallon in the city and 23 m.p.g. on the highway. Gold price on decline LONDON (AP) The five main dealers on the London gold market fixed the price of the metal at an ounce this afternoon, more than below the opening level. The price edged down in Zurich during the morning to an ounce. In London, gold was traded at an ounce at the opening, up from Thur- sday's close. An hour later it was fixed at and dropped another at the afternoon fixing. There was little activity in London, and dealers said both buyers and sellers seemed to be waiting fora definite trend, up or down, to emerge. DEATHS THOMAS George, belov- ed husband of Mrs. Nellie Thomas of Hardieville, pass- ed away in the city on Tues- day, January 7th, 1975 at the age of 71 years. F'uneral ser- vices will be held in the CHRTSTENSEN CHAPEL on Monday, January 13th at a.m., with Father J. A. Carroll officiating. Interment will fellow in the Mount Calvary Section of Mountain View Cemetery. CHRIS- TENSEN SALMON FU- NERAL HOME LTD., Direc- tors of F'uneral Service. C5684 THE CANADIAN PRESS Canadian political leaders came under attack Thursday from business executives who claimed they are jeopardizing Canada's links with the rest of the world. Robert Houston, president of the Canada-Japan trade council, said in a Regina speech that important overseas customers are baffl- ed and disillusioned with Canada. Canada was seen from abroad "as a nation of contractions. a country re- quiring foreign investment for domestic development, yet reluctant to accept that aid or unsure upon what terms to accept it." In Montreal, W. Earle McLaughlin, Royal Bank of Canada chairman, charged that Canada seemed to be retreating from its historical- ly open stance in world trade and investment. "This change in policy would seem to be motivated as much by an urge to slam the door on an increasingly turbulent and messy world outside, as it is by our own growing confidence that Canada can't go it alone." In other economic develop- ments Thursday: Javelin Ltd. says it has found a way to ob- tain oil from Alberta's oil sands more economically. The process involves the combined use of solvent together with infra-red irradiation to separate the oil from the sand. Jenkin, a British energy expert, said neither the oil sands or Britain's North Sea oil development will be economical unless a floor price is set for oil. He made the remarks during a tour of the Athabasca ore sands development at Fort McMurray, Alta. than 100 persons have lost their jobs because of the sudden closing of Sun Tool and Stamping Co. Ltd. in Windsor, Ont. The United Auto Workers claims federal government inaction cost the city a business. federal revenue department has begun an in- vestivation into whether Japa- nese and Korean exporters are dumping plastic fibre used mainly to make fishing nets-on the Canadian market at prices below those IN MEMORIAMS BOYCHUK In loving memory of my dear wife, Helen Boychuk, who passed away Jan. 6, 1946. remembered by her husband Charlie. 8536-10 Calgary Amr. T T Anaconda Both Steel Chrysler Comsat Duponl General Motors Gulf Int Harvester Kenn Copper Montgomery Ward Exxon Tnxas Gull Toxos Co Wrx Corporation Woo I worth 11.50 40.50 19.25 48.00 Westinghouse Elcc 15.25 U.S. Steel 27.00 Gen Tel Elec 9 TORONTO AVERAGES 99 25 20 up 1 87 3737V4 20 Golds 384.04 down 2.80 18'87W 10 Base Metals 61.56 up 1.19 21 00 15 Western Oils 140.92 up 686 Volume '7-00 NEW YORK AVERAGES 68.00 20 Industrials 657.78 up 1252 20 Railo 152.74 up 209 15 Utilities 77.61 up 1.69 10.00 G5 Stocks 215.02 up 390 11.87V? Volume Treasury bills OTTAWA (CI'l New 91-day treasury bills issued Thursday. million at an average price of 98.322 and an average yield of 6.85 per cent. Last week: million at average price of 98.273 and average yield of 7.05 per cent. 182-day: million at an average price of 96.742 and average yield of 6.75 per cent. Last week: million at average price of %.657 and average yield of fi.94 per cent. CALGARY (CI'l Receipts to 11 am. Friday from the Calgary public stockyards totalled about 600 head, mostly slaughter cows, feeder cattle and stock calves. Trade was moderate with insuf- ficient slaughter steers and heifers sold to establish a reliable market. All classes of slaughter cows sold 50 cents lower while bulls remained steady. Cows Ul, D2; 17.50-19. D3 1550 D4: 12.50-15.50. Good bulls: 19-21. Feeder cattle were selling under pressure with good and medium kinds offered. Good feeder steers 750 pounds and over 35-39, good gceder steers 750 pounds 'and under 34-37, good feeder heifers 550 pounds and over 25-30, good stock steer calves 400-575 pounds 32- 37.75, stock steer calves 300-400 pounds 25-30. butcher calves, all weights. 27- iVo hogs wore sold. CRAIG Passed away in the city on Thursday, January following a lengthy ill- ness, Mr. Roy Craig at the age of 82 years, beloved husband of Mrs. Ruth Craig of Apt. 203, 1941 Mayor Magrath Drive. Born in Carletpn County, On- tario, the late Mr. Craig came 'to North Dakota with his family in 1900. In the spring of 1907 he came to Alberta with his father to Black Spring Ridge. In 1923 he took up farming in the Carmangay district until retirement to the Village of Carmangay in 1955. He moved to Lethbridge in 1967 where he had resided un- til his passing. He was a life member of the Masonic Lodge and was District Deputy to the Grand Master, and a member of Eastern Star and McKillop United Church. Besides his loving wife he is also survived by two sons, Mr. Jim Craig of Lethbridge, Mr. Gordon Craig of Skelton, Washington; four grandchildren; one great grandchild; two sisters, Mrs. G. (Jessie) Mclntosh of Calgary, Mrs. 0. H. (Lois) Schneider of Vulcan; two brothers, Mr. R. M. Craig of Calgary, Mr. Elwood Craig of Dawson Creek, B.C. The funeral service will be held at p.m. on Saturday, January 11, 1975, in Martin Bros. MEMORIAL CHAPEL, 703 13th St. N., with Rev. Blake Anderson officiating. Interment will follow in Archmount Memorial Gardens. In lieu of flowers those who wish may donate to the Canadian Cancer Society, 409 Canada Trust Bldg. MARTIN BROS. LTD., Direc- tors of Funeral Service. Phone 328-2361. C5688 WADDLE In loving memory of a dear mother and grandmother, Nellie Waddle, who passed away January 10, 1974. A dear father and grand- father Ed Waddle, who passed away January 30, 1972. May they rest in peace. remembered and sadly missed by Myrtle, Chic, Effie, Mildred, Lloyd and families. 8761 McNEELY In loving memory of a dear wife and mother Lettice Amy, who passed away January Beautiful thoughts of one so dear, Treasured for ever with love sincere, Deep in our hearts -your memory is kept, We loved you too dearly to ever forget. remembered by Maxine, Roy, Shirley, George, Doug, Angle and families. 8760 charged in their home markets. Finance Minister Wes Robbins says the Saskatchewan govern- ment has been offered a million loan from oil-rich Arab nations at eight-per-cent interest. The province declin- ed the offer. Ontario firms report that inflation has not cut into sales of expensive sailboats in Canada. CAREERS CARGILL GRAIN COMPANY LTD. CARGILL NUTRENA FEEDS LTD REQUIRE OPERATIONS TRAINEES For growth positions in Cargill's expanding grain and feed business. Young hard-working individuals in- terested in a career in agricultural business. Agricultural business education experience would be helpful. Please forward full resume to Cargill Grain Co. Ltd., Box 21, 2003 McKnight Blvd N E Calgary. Alberta. T2E 6L2. TEXACO CANADA LTD. requires LESSEE-DEALER For fully modern city service station. On main traffic route. Excellent potential. Phone 327-2762 A CAREER OPPORTUNITY TRAINEE MANAGERS Required for a national financial Corporation to fill growth vacancies. The duties are to provide mortgage facilities, consumer contract purchases and personal loans. They will be provided with Administrative training and personal advancement. Company benefits. If you are interested in a career, are young and aggressive and interested in helping people, make an appointment with: W. D. Jamieson Phone 327-5711 All Inquiries Confidential Associate Financial Services Co. Ltd. 1014 3rd Avenue South, Lethbridge REQUIRED FOR OVERSEAS EMPLOYMENT Fully Experienced TOOLPUSHERS DRILLERS DERRICKMEN EMD MECHANICS ELECTRICIANS To staff most up-to-date equipment for new offshore and land operations. Competitive wages, tax advantages, generous overseas allowance and vacations. Year-round employ- ment. Relocation of families and schooling for children at company expenses. SOUTHEASTERN DRILLING INC. 304 Royal Bank Building Edmonton, Alberta T5J 1W8 Tel: 429-5865 CARD OF THANKS ZIMMERMAN-VVe would like to express our sincere thanks to relatives and friends for their expressions of sym- pathy, flowers, cards, food, musical numbers; the organist Mrs.. Grace Buchan and soloist Mrs. Eileen Pisko; special thanks to Rev. James Chapman and the ladies of the Eagles Club, who served lunch. Also the doctors of Haig Clinic and nursing staff of the Lethbridge Auxiliary Hospital and Christensen Salmon Funeral Home Ltd., Directors of Funeral Service. and Harold Dupen Ross and Anita Dupen Sandra, Harvey and Lori Severtson. 8762 ATTENTION! PROFESSIONAL SALES REPRESENTATIVES Are you a Sales Representative in one of the following Industries: AUTOMOTIVE REAL ESTATE AGRICULTURE INSURANCE DIRECT SALES Are you finding it difficult achieving your goalsj ambitions and high income? We offer you the opportunity to achieve your goals, ambitions and high earnings in a rapidly growing mobile and modular home retail industry. High commissions, incentive programs bonuses excellent working hours and conditions, and the opportunity for advancement as well as full company benefits are available to you. All inquiries are strictly confidential. COUNTRY WIDE HOMES LTD. Suite 200-325-6th St. S. Lethbridge, 329-0566 Contact L. f. Wright, President ;