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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 13, 1975, Lethbridge, Alberta Monday, January 13. THE Lt I The Herald Business Toronto market prices continue upward trend 1 1 TORONTO -The To- Advances outnumbered de- Market 1 1 slock 111arket Monday dines by more than three 1 lhe upward trend of one, 230 to 67, with 124 issues MUNTKKAI. ICPI Tires 1 liWWlV9 1 the previous 11 sessions as all unchanged, mixed at lhe open ol light trading major sectors rose sharply in Volume by 11 a.m. was 757 stock lin-ianee MO, W 1 Miscellaneous moderate mid-morning 000 shares, down from arrlong 55''! e A (fan W UK: swrie time Kridav. Aluininiini nn IH ,-n ,v Wjfi Vancouver, Calgary, Montreal The New Year's rally was In industrials, Hudson's Bay "as down 'i und lp% r 'h> Midland Doherty Limited given added encouragement Oil rose to Home Oil A Canadian Pacilic was at Ik x by falling interest rates. The to r. Pacific Pete to minc, and wls. mson ,c rollju WESTERN OILS Paciiic Pete 16.75 Hank ot Nova Seotia announc- M7, Bow Valley to and and Minerals was up at sssi m 2.90 Serv JIS ed a reduction in its prime Kalconbridge Nickel to Wf 1 Albany on .30 Sandwoii 400 rate to lOVSi per cent from 11 tamlio Mines was up to "1 Jto, Alia East Gas 4.85 Toledyne 4.40 per cent and in the Hudson Uav MininP A WUM.' Almioox 4.60 Traders Grp Pld J., o up in ngni trading loduv the Van-j4 jy '-jj IBS'--. Asamera 8.25 'inmac Us Stales, a major bank lowered to and Preston Mines stork Kseiiauge.Ka- "'at 4" Ashland on 6.50 Westiieid Min !eo its prime to 9% per cent from to Canadian Superior was 219.1511 T "p Canada 9.50 Weston A Pld 45.00 nor rant "Slips''''' Brenda Mines 3.10 White Yukon 600 P rose to Canadian thu "ak-o was cda 2'03 PIPELINE STOCKS Toronto's industrial 15 cents to S3 and J11 UL-O- .li, canrforStd widely-based indicator of .Sunningdale 15 cents tojs.35. oils. vs -'VVV. CdnindGasOii 6.37'A Alia Nat Gas is'oo market trend, gained .81 to Moore Corp. tell to on the curb exchange 51 lion 's ?2 Melro o, 5'I2'A 170-40- 3.20 to to Wi Denison Wclinoral was clown .01 cmeifaTDs, tend Nat Gas base metals .51 to 62.43 and Mines V, to and United i r i i Dome Pele N S C Gas 9.75 western oils 3 59 to 143 '.'s to VI 111 1 VII It rftmril Dynasty N C Gas B Ptd 18.50 till StrtS 1 VLUI U Giant Mascot .59 Trans-Cda Pipe YORK lAPf Tlic Pisces V, the latest in the series of miniature submarines owned by Britain's iSi? 11 is Trantcda B p'd 28 got off to ;i strong start Monday, but gave up some of its gains jn P Q Intersubs and built in Canada by the company's partner, International Hydro- Lochfe! S 6'25 Tralls-Cda War Winnipeg grain morning round .or dynamics, has established several new records during operations on the new Can- Lytum Min i'so we Trans war UUY, joiics average 01 ju duslriiils. ahead more than 6 points tat telephone cable linking the United Kingdom with Canada. The sub attained a Gas Acroti CALGARY 32 -with the the t'iirlv going, showed a 2 27-po r t >usMs Jeed wheat. 784.000 oi oats tn riii im V record working depth of feet. Pisces V was involved in the 1973 rescue of the 775 N" continental '01'" of S trapped Pisces III. Britain now has the world's largest fleet of mini subs for commer- Petrol '-is western wamer js the winriineB'coiriinod'i'i' Paloma .62 VANCOUVER u.ix and .Ml.ooo of rapesct'U. fhert.' stot-k e- Cial USe. Place Gas .24 MINES i'HICKS: (y reduction of the Ponder .45 Bathurst Norsemines ill Mas eased as rmich as 17 cents Hay rapcsccil. May. July rale to our cent by Ranofir Oil IRSfl Hims (let. not ojicn. Morgan CJtnnntv Trust Scurry Rain 12.75 Dankoe 2.20 Friday's volume ot trade was Juri. 9! i iiifitlC'r' l le Seibens 6.87V? Davenport HIM unit; .srnco us! Aunt tnal B.104H: .M.ir lustier Juno jlaj basic rate Spooner .20 Lornex 4 15 1 -m 1 Total Pete 5.25 Northair Mines 1.90 i W Cll fYfyOCt IdQrl UlsterPets .55 Primer .10 .s. suggestea to leaa s% West Decalta 3.05 INDUSTRIALS Vrf'aiyai higher ll.H'a: Sept. seven higher corporations below lOpercent. Texaco was the most act ve issue Max: May 1, lower July 12 rlown '-i tnZ4'. ina 900-shareb ick Oct. 10 lower 8.95A. Feed whcal May three higher 3.91 On 'the American Stock 1 9 i Key Industries 07 world oil consumption cut Acres jsss em Aquitaine 15 87 Plains Pete 10 stockyards totalled M) head, most two hipherH.87H: Oct. one higher market-value index rose .52 to Corn: Mai'.. May and July mil open. The NYSE's composite common-Barley: May Pi higller 3.03; July stock inrlcx added 11 lo _ WASHINGTON (AP) A Church Dem. Idaho) said a Church said, OPEC has never P'd S'amped MUTUAL FUNDS '6? Slcr rows' was higher 2.9511: Oct. live higher Uohllield Corp.. the Ainex i lea'ier was unchanged at urnc Senate subcommittee three million barrel a day been successful Canbra Foods 2.40 AH cdn. Compound 4.88 There were insufficient May l'i higher B. July Arnonp Canadian issues rose recommended Saturday that cut by major industrial The subcommittee gdn vils. AN Cdn! vSres suxrsar heifl'rs to higher .K Dome Mines lo the United States lead the countries "is not enough" to recommended that the drastic caning O'Keele A pid Amer Growth Fund sCaiJv'u'itli ot' May two hifiller ;1.02; July live Massfv Ferguson ]H lo iti and righer Orl. five iiigliL-i' 2.85H. U'alkei' ;S to 'iH1 world toward a 15-per-cent cut press the Organization of oil consumption reduction in P'd 500 Cows, ui, U2: 17.50-19. 01'' in oil consumption to create a Petroleum Exporting the United States be accom- Crestbrook ind s'oo Eaton commonwealth 17.50. D4: Surplus and force the cartel of Countries (OPEC) into a panied bv rationing and a Crowsnest 16.62'i Eaton Leverage 2.46 There u-erc insufficient feeder call oil-producing countries to significant price reduction, program of equitable AM Cofp" sfo calvcs offcr Io cslalllis engage in price-cutting com- The three million barrel geographic allocation of Genstar Corp invest stock Fund 3.64 No hoes were sold to n a DCtition rpritirtinn hv thp pnrl nl' Home Oil A 22.00 Dreylos Fund U S 8.60 1 ICUUCllon 0} me ena 01 supplies. Home Oil B 2100 Grouped Income Shares I he Senate foreign relations was proposed in November by It opened an increase in gas- Hudson Bay Co 1375 Growth Equity subcommittee on mul- State Secretary Henry oline excise taxes as relative- A SSIs wSS Fun" 465 linational corporations Kissinger and Treasury v ineffective in curbing de- Hugh Russell c Pld Mutual Accumulating proposed a worldwide oil de- Secretary William Simon. mand and affecting low- Husky on 14.87V, NaL Resources 3.41 MONTREAL Monday's mand cut of seven million WOULD CREATE SURPLUS income groups the most. Husky ON E War Kiw.' Growth 353 "ay selling f barrels a day. Releasing a subcommittee President Ford is expected to mterprov Pipe War 2.40 Principal Growth 3.11 The United States would be report on its two-year study of propose an excise tax on SefRai Plpa '575 Tempteion Qrowih 542 china rcnmin'bi asked to cut its consumption multinational oil company domestic oil and a tariff on Kaiser Res war s'sa United Accumulative 351 Denmark kroner by 2.5 million barrels a day operations, Church said the imported oil as a way of Pld Suar'd and embark on a rationing and United States must "under- reducing demand but has rul- 23S Vansuard oil-allocation program. The take to break up the cartel" ed out gasoline rationing. Italv lira A U.S. now consumes about 17 by creating a worldwide The subcommittee proposed 1 OrOlltO mifieS Japan yen million barrels a day. crude-oil surplus. He said it that the justice department Mexico peso The subcommittee also must be large enough to re- test the legality under the recommended that an attempt quire OPEC countries to anti-trust laws of contracts (Supplied by Richardson Securities of Canada) Switzerland franc mESL be made to persuade Canada prorate production cuts, and giving major multinational oil IYIINES BC Forest tiniiwi states dollar to defer announced decreases revenue losses, among its companies exclusive rights to Advocate Asb 18'87''i Hnj "m in oil exports to the United member states. buy back oil taken bv OPEC Akaiicho cable y u'll'' Jdim Suite.1; (Chairman Frank fn such a proration effort, states Braiome 1.49 CAE ind 5.75 .34 Cal Power 2300 Bethlehem 9.00 Canbra FOOD'S ?ovls Can Cellulose -T I Exhibition j 3'85 Carling O'Keele 2.22 _ Can. NW Land 2.70 Chemcell 3.90 Canada Tung. 2.42 Coron Credit 1.55 WIVIUCIIUS 3'50 CWN Gas Pld 8 00 Central Pal. .84 Cdn Ind 18 50 THE CANADIAN' PKESS -80 Cdn Marconi at lower car 2.30 cdn Vickers 1250 Alnils lni-'- u-s- Rambler 1.56 Chrysler 9.25 Marrh 1. record Fen. 10: pfd. series A. Corhcnn CPR SI.3125. .lime 2. record May 12 Craigmonl 3 50 CorTsTlnurs' >tW' ud- iss -V iVlOOTKEAL (CP) Of- A levelling of world (CP) Mines a 00 Cons Gas I4fl-'- cents; class B. 10.5 cents, both payable Denison Mines Disl Jan- ficiuls attending the IS75 cies should keep car Bank of .26 Dorr, Bridge 21 00 25 %jj International Auto Salon are stable during the upcoming using the exhibition as a vehi- year, he said, clc to seek lower taxation on 'Although announced today it will reduce its prime lending rate to Mines 48.00 Domrar increase of 10 cents. March 1 record Discovery Mines 2.01 Dom Textile Feb. ?'io Oom Stores 16.50 Ford Motor Co.. 80 cents. ti.S funds Falconor'dae 2950 23.00 .March 1. record Jan cals- manufactured cars enjoyed from 11 per J2V, Gfen Mobile Tfce Mercantile Bank Canada. M. H. Miki. president of record sales year in 1974. Marilirnes .38 Git Cdn ON I's7'' '''cb- 28' recori1 Nisan Automobile Co. Canada domestic industry has asked Lid. of Vancouver, said ex- the federal government E. Ritchie, chairman 1.15 Gen Molor.- Iloyal Bank of Canada. 29 cents. Hollinger A 2725 Grl Lakes Paner Feb 24. record Jan 24 Hudson Bay M8S A 15.50 life 'I'elc-Caprtal class A cessive federal government reduce or eliminate the 12-Uixation on imported cars per-cent excise tax added on results in Canadians paying 28 to car prices, per cent more than The request was made at a Americans for the same press preview of the show said the recent reduction in the Bank of Canada bank rate confirmed the need for a further move nav iln Greyhound 13.12V; cents. Feb. 14. record Jan. 31. 85 A Anglo-Canadian Telephone Co., Quebec J7Vi Hufop 25 37' per'ccnt Prd- 5B-25 ccms: S2-65 P'd., Kerr Addison 10.25 Imperial Oil A 25 50 cents; pfd.. cents; S3.I5 Key Anacon .21 Imasca A 2487'- P'd.. V8.75 cents, all pavable Jan. H. Labrador 27.00 mi Nickel 22 50 recant Jan. new desk sized computer introduced by IBM Canada Ltd. makes use of advanced technology called Metal Oxide Semi conductor Field Effect Transistor (MOSFET) which has about 40 times automobile. ils president Harold smrer rPB Gas Co. Lid., density than older models. The result is The federal government mings. charges a 12-per-cent excise Mr. Cummings said the relax, based on the value of a quest was meant to prevent Bank of Canada said Friday it is reducing its lending rate R.L 46 Pfd" 25 ccnts. Jan. 15. record IWalarlic G.F. .91 ,AC McNeely .28 Jannock Maclntyre 34.00 Kaps operating capacity in less space and more compact processing cai after a 15-per-cent import duplication of the U.S. car tax has been added, Mr. Miki recession, where sales have said while Americans only plummetted causing exten-pay a three-per-cent import sive factory of a percentage point to 8'A per cent, ef f ec ti ve today reflecting a general Kel Douglas A 4.50 Intern Mo ul 225 7.50 CarnlngS NuWest Homes 4 I'ln New Athona J7 Metropolitan 11 25 B-v TIIK 1'IIKSS New Calumet .15 Massey Ferg 16 12'-'j Hiram Walkur-Gooderham tax. Mr. Miki is a spokesman in rates. The prime rate is 31.00 McMill Blood 2337V? Worts l.til.. three months ended .Nov. Nonhgale 3.20 Moo.-e Corp 30: I97J. I'.S. funds SI Matriculation the show for a group called -pv B tho Automobile Importers of UTUS to b -ink's largest and Mol5OnSA 15.62'i share 197S 935.1100. SI 27 2o.2o ,Viclson5 3 14.00 in, id enJi'd forward written resume Canada, which appealed to Finance Minister John .15 Prv'-i ;cnis Hayrock .86 Pcuver Corp fi'87! l-'nllctl Trust i.'r. HJiNHAtxT. OUDA 3, last month to ease the taxa- oQliic, i-ion burden. Sctlcft 1 of Nova Scotia also announced the 17 Price Cc il'ar-' :io 21 cents a 20-50 Rolhmans 9.62'i share: 56S2.00U. tin cents. Roman Corp. Shell CDA Accountants P.O. Box In an interview at the auto show which ends Jan 19 Mr VANCOUVER (CP) -Miki said he is hopeful a t stores Ltd- on small business loans applicable to loans of or Gordon 5.75 Simpsons 7 50 Steep Rock 1.05 Simp Sears Sirnnrngdale 3.35 Steel Can A 2725 fek A 2.35 Selkirk A Hooprices TexnJOn 17 TovTrr, nn Alberta T1J reduction of one or both taxes or proviues Aill rtsuii franchises on more than also be reduced i r 'exaco 29.00 ASri Si, 'Is PiiW Wiuie tilt: world is moving Shoppers Drug Mar 1 stores towards freer trade, Canada Canada- per cent to 10 per cent, effective Copser Mines 1.50 Ov: Pipe .i.ni M ,V 'V- il'ier' 1 125 IJnio, is still imposing high import 34.1 per cent to taxes, he said, adding that his nlne months native Japan reduced import ended Oct' 3I-taxes on cars to 6.4 per cent Nel Proflts to from 20 per cent million. 25 cents a share, from Import cars.' especially 4 30 eenls a sharc-Irom Japan, were popular ovcr the sanle Penod-with Canadian consumers dur- Thl' said the drop ing the early 1970s but in 1974 was duc lo remodell-a 20-per-cent reduction iii inE costs for 22 storcs in bank said it will also cut its mortgage lending rate by one-quarter per cent, the first reduction after a long climb. The new rale will be IP'i per cent for conventional mortgages and .09'... Uriionoil" 825' I "''5Kpts' Yellowknile Bear 197 iimtort So- l.drr.nnum jl.la !31 3, i. Zenmac 05 Velsatila Mta CalBary 51.30 INDUSTRIALS Westeel 2150 Deer 51.40 (51.7H. Ablllbl 9-75 Weslons 2100 sold to 11 aril. 942. flogs sold Algoma Steal A 19-75 Friday average 51.65. Sows Alcolnd BANKS average 5.25 Can Imperial 23.75 Bell Tel 45l2'.i Montreal 1375 Brascan A 11.75 Nova Scotia 36 ?5 QC Tel 49.25 Royal 28.121, _ Bllms 9.50 Tor Dom 35.00 UOllSf 2nd Ave. 'A- North Phone 328-3778 ANNOUNCEMENT Daily services from and to major Alberta, British Columbia points (Vancouver, B.C., Edmonton, Calgary and and from Calgary and Lethbridge commenced January 2, sales occurred Lord's chain which for N H iCPi U.S. dollar Mr. Miki 'blamed that purchased. Costs were written decline on the strengthening of f_ during the nine-month of the Japanese yen in relation Per'od-to the Canadian dollar, forcing the price escalation of Japanese-made cars sold in tiiis CONTRACT FOR effective Wednesday. The bank will also reduce the non-chequing savings deposit rate to S'.'i per cent from 8% per cent, effective terms of Canadian hinds at noon i c iv i tfi n. was unchangbd (rom close at Pound slerline was (Supplied by Richardson Securities of Canada) up 1-10 at 52 .14 22-25. .In New York, the Canarlian dollar AmrTST 4787V, Woolworlh 1225 unchanged at St. 00 11-50. Pound Anaconda 15.50 Weslinghouso Elec sterling was up 1-10 at S2.35 2-5. Beth Steel 27.37VJ U.S. Steel 1 CALGARY I LETHBRIDGE 1 VANCOUVER country. Consumers had TORONTO (CP) Gen Tel Elec 1 1. rebelled against the price International Ltd. of Toronto jumps. in association with J. C. During 1974, Nissan Sprouie and Associates Ltd. automobiles 'sold in Canada and Techman Ltd. of Calgary, increased in price by 14 per llas Deen awarded a cent. A further cight-per-cent United Nations contract to un-inureaso was attached to 1975 dertako an energy balance liiodols study for Nov. 15, the Bank of Nova Scotia initiated the first round of interest rate reductions, lowering its prime to H per cent, from 11 per TORONTO AVERAGES Dupont 99.25 20 Industrials 170.53 up .94 General Motors 36.87''? 20 Golds 392.61 up 4.11 MAnyr'T Gull 1S.37V4 10 Base Metals 62.29 op .37 'll'" Inl Harvesler 20.87'A 15 Western Oils 142.25 up 2.38 TOKYO (AFP) Toyota Kenn Copper 37.25 Volume 1.406.000 Mnlnr Tn nf i-imn nlans In Montgomery Ward 1750 NEW YORK AVERAGES 01 Jtlpail plani, 10 Sears 5400 20 industrials 660.90 up 2.H begin exporting passenger 69.37'.. 20 Rails 153. 10 down .08 cars and small trucks this Icxiss Gull 2550 '5 UtdiiiOR 7796 up ,06 Texas Co 2-150 65 stocks as up 40 summer to Oman, ;i Jj Head Office: 3339 Ogden Road, S.E., Calgary _To Western Corporation Voiume East nation of ;