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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 17, 1975, Lethbridge, Alberta Friday, January 17, 1975 THE LETH8RIDOE HERALD 21 Hoi-iU mixed at mid-session lilt nit alii slump continues TORONTO (CP) The To- The industrial index was up Volume by lla.m. was stock market Friday .07 to 168.88 after recording 000 shares, down from showed little sign of breaking modest losses since last Mon- at the same time Thursday, out of the indecisive pattern of day. National Trust rose to the last three sessions. Prices However, golds lost 1.41 to Bank of Nova Scotia Vz were mixed in moderate mid- 366.80, base metals .02 to 61.21 to Majestic Wiley 45 morning trading. and western oils .36 to 136.17. cents to Distillers Corp. to and Royal Trust A Market treildS Newfoundland Light and VANCOUVER (CP) Prices were NEW YORK (AP) The stock "'I.'0 up in light trading on the Vancouver market, still afflk-twi with doubts and h to Uomimon Mores Stock Exchange today. Early volume confusion over prospective govern- V4 to Imperial Oil A V4 was shares. menl efforts to deal with the to and Moore Vi to In the industrials. New-mark was un- recession, turned downward in slow Apnirn Paplp Inst VH fn 15 changed at .75. In the mines. Grandora trading Friday. n" ll i .7 j was up .22. In the oils. Seneca The noon Dow Jones average of 30 JJICKenson to J7 ana Developments unchanged at .84. industrials was off 5.40 at 650.34. Sherntl Va to Denison Prices were mixed Thursday in light Losers outnumbered gainers by a 5-4 Mines gained to and trading. Volume was shares, margin on the New York Stock Ex- Hudson Bay Mining A to In the industrials. Venture was up .03 change. ._ at .35; Kaiser Warrants were unchang- At the American Stock Exchange. ed at 53- Canadian Javelin up 12V2 at market value index gained .17 to United CailSO dropped 14 to EDP industries up .01 at .12; on 3.- _ while Pan Ocean gained 500 shares. lonarc up .01 at .17 and ,'ff s lhlj to Block Bros, down .05 at W Jian Pacific V, to nrain dard down .01 at .07; Hibernian down Winnipeg .01 at .24; Consolidated Beaumont down at .18. WINNIPEG ,CP) _ Fulurcs prices In the oils, Seneca Developments up dropped dramatically with an absence .06 at .84; Bison Petroleums unchang- of buyers through mid session Friday ed at Freehold unchanged at .75; marlratft on tnc Winnipeg Commodity Ex-Stampede unchanged at .67; Rant! A WfllCayO IllOriVtSlff change, down .04 at .72. Davenport up .04 at .60. Activity was extremely light in all wfoj grazing EDMONTON (CP) For Vancouver 37 'he second year ranchers will 1 Edmonton 9 be allowed to graze cattle on Winnipeg acres of the Canadian K-X-: Near lo'ronto 25 Forces base at Suffield, Xi'A Normal Ollawd l3 starting at the end of May, the defence department Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS Hud Bay Oil 21.75 AND MINES Hud Bay A P'd A ton Mines 2.85 Hugh Russell C Pfd 53.00 AltaEast'cas 4 90 Husky Oil B Pfd 30.00 Ashland'oii e.2S Inter S P "-JO BP Canada 9.00 Kaiser Res BrendaMir.es 3.50 Kaiser Res iWar 3.05 Cda Southern 2.20 Loblaw C Pfd 22.50 Cdn Export Gas 3.30 Magnasonics 1.60 Cdn Homestead 2.89 Pacific Pete 15.25 Cdn Ind Gas 6.25 Pa-Ben Oil told Ser 2.60 Cdn Long Island .12 Royal Trust 23.00 Cdn Superior 26.25 Sandwell Chieftan Deu 5.00 Dome Pete 21.00 Traders Pfd 10.00 Dvnastv 7.00 Trimac 3.76 Nufort Resources .13 Westfield Mln .80 Giant Mascot .55 Weston A Pfd 46.00 Lochlel Explo'r Alia Gas Pfd 53.50 Lytlon Minerals 1-10 Alia Nat Gas M.50 North Cdn Oil 3.05 Gaz Metro 5.37 NumacOil 10.25 Gas Metro A Pfd 50.00 PanCdnPete 9.00 Inland Nat Gas 8.00 Pan Ocean 8.00 N C Gas 9.75 1.20 N C Gas B Pfd Paloma .55 Tr-Cda Pipe 9.50 Place Gas .27 Tr-Cda A Pfd 51.75 Ponder .46 Tr-Cda B Pfd 29.00 Ranger Oil 15.25 Tr-Cda Pipe War .69 Scurry Rain 12.25 West Trans 19.75 Seibens 6.B7V4 West Trans War 1.75 Spooner .24 Ulster Pete .56 Acroii 1 1 i rt p 712'A Barons Oil .04V 111 WeftefTwamer !l2 MISCELLANEOUS VANCOUVER INDUSTRIALS MINES Acres Ltd 6.00 Bathurst Norseralnes 1.16 Aquitaine 14.87'A cima Resources .42 BC SugaiO Pfd 11-50 Dankoe 2.25 Block Bras 3.30 Davenport .60 Ganbra Foods 2.45 Lornex 4.25 Cdn Pac A Pfd 25.50 Morthair Mines 1.85 CdnPaclnv 12.87V4 Primer Carling A Pfd 20.00 pyramid .05 Carling B Pfd 21.00 standard 1.33 Com Capital 1.55 Copper 5.40 Crest Forest 3.00 INDUSTRIALS Crowsnest Indus 15.75 industries 06 Falcon Copper 1 20 F S M Trust 4.00 Genstar 16.6214 OILS Home Oil A 20.75 August Petroleum .17 Home Oil B 18.00 plains Pete .07 Hud Bay Co 14.50 stampede Int'l Res .68 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Burns 9.62 Acme .07 BC Forest 12.50 Advocate Asb. 1.20 BC Sugar 19.00 Akaitcho 1.35 Bow Valley Ind 12.00 Bralornu 1-46 Cable 10.75 Broulan .34 CAE Ind 6.B7V Betnlehem 9.00 cal Power 23.37V Bovis 1.17 Canbra Foods 2.40 Brunswick 4.00 Can Cellulose 4.85 Can. NW Land 2.57 Carling O'Keefe 2.30 Canada Tung. 2.63 Chemcell 3.85 Cassiar 3.65 Coron Credit 1.55 Central Pat. .92 OWN Gas Pfd 8.00 Chimo .88 Cdn Irid Conwest 2.45 Cdn Marconi 2.80 Cons. Rambler 1.55 Cdn Vickers 12.25 Coin Lake .14 Chrysler 8.62V Cochenour -98 CPR 14.50 Craigmont 3.30 Cominco 26.50 Dickenson Mines 6.8714 Cons Bathurst 24.25 Denison Mines 41.75 Cons Gas 14.50 D'Eldona .25 Dfst Seagrams 32.50 Dome Mines 44.25 Dom Bridge 20.00 Discovery Mines 2.00 Domtar 18.87V East Malartic 3.05 Dom Textile 7.12V East Sullivan 1.55 Dom Stores 16.50 Falconbridge 28.25 Dome Pete 21.00 Frobex .12 Dofasco 22.50 First Maritimes .37 Glen Mobile 1.51 Giant Y.K. 10.25 Gil Cdn Oil 5.62V Granduc .95 Gen Motors 36.75 Hollinger A 27.50 Grt Lakes Paper 15.00 Hudson Bay S 14.75 Gulf Oil 27.25 Hydra Ex. .50 Greyhoud 13.75 ron Bay 4.30 Hawker Sid 4.85 Iso .80 Hiram Walker A 37.50 Joliet Quebec .19Vz Huron Erie 25.75 Kerr Addison 9.25 Imperial Oil A 24.75 Key Anacon .26 Imasca A 26.12V Labrador 28.00 Int Nickel 22.62V Lake Shore 3.10 Iht Pipe 13.25: Langis Silver .09 Inv Grp A 6.37V Madsen R.L. .48 IU Int'l 9.62V Malartic G.F. .85 IAC Ltd 18.62! Martin McNeely .2414 Jannock 5.12V Maclntyre 39.25 Kaps 1.62 Mela -10 Kel Douglas A 4.70 Midrim -10 Laurentide 7.50 Intern Mogul 2.30 Loeb 2.85 NuWest Homes 5.87Vi .Loblaw A 5.37V New Athbna .20 Metropolitan 12.37V New Calumet .15 Massey Ferg 15.25 Noranda 30.3714 McMillBloed 23.75 Northgate 3.00 Moore Corp 39.75 Norlex 16 Molsons A 16.00 Pine Point 26.50 Molsons B 14.25 Placer Dev. 14.12Vi Nachurs 7.50 Pax Exp. 1-01 North Cent 9.62V Quebec Man .14 Peyto 2.71 Rayrock .85 Power Corp 9.00 Radiore .18 Price Co 13.75 Rio Algom 23.50 Rothmans 10.12V Roman Corp. 11.25 Shell CDA 13.25 Sherrltt Gordon 5.00 Simpsons 7.50 Steep Rock 1.15 Simp Sears 9.50 Sunninqdale 3.60 Steel Can A 26.50 Tek Corp. A 2.25 Selkirk A 12.00 Texmont .1714 Texaco 30.00 United Canso Trad Grp A 12.75 Western Mines 1.51 Trans Mtn Pipe 10.62V WH Copper Mines 1.45 Trans Can Pipe 9.37 Wright Hargreaves 1.25 Union Carbide 15.50 Willroy 1.40 Union Gas 8.37V Windfall .10 Union Oil 8.00 Yellowknife Bear 1.95 United Siscoe 3.95 Zenmac .05 Versatile Mfg 6.12V iwniiSTR'ALS Westeel 21.75 Abilibi IND.USTR'ALS M% -westons 20.00 Alcan Woodwards A 19.87V Algoma Steel 25.12V, BANKS' Atcolnd 14.00 Can Imperial 23.50 Agra Ind 5.50 Montreal 13.62V-Bell Tel .45.62% Nova Scotia 37.25 BrascanA 11.37V, Royal 27.62V BCTel 51.50 Tor Dom 35.00 New York (Supplied by Richardson Securities of Canada) AmrTST 46.37V, Woolworth 11.50 Anaconda 16.8714 Westinghouse Elec 11.37V Beth Steel 27.50 US Steel 40.75 Chrysler Gen Tel Elec 20.12V Comsat 31.75 TORONTO AVERAGES Dupont 95.1214 20 Industrials 168.98 up .17 General Motors 37.12V4 20 Golds 358.35 down 9.86 Gulf 18.37V: 10 Base Metals 61.14 down .09 nl Harvester 20.50 15 Western Oils 135.75 down .78 Kenn Copper Volume 832.000 Montgomery Ward 16.37V> NEW YORK AVERAGES Sears 56.00 20 Industrials 650.18 down 5.55 Exxon 67.87% 20 Rails 156.01 NC Texas Gull 24.87% 15 Utilities 77.74 down .22 Texas Co 22.82% 65 Slocks 214.82 down 1.14 Wlx Corporation 11.00 Volume rire pasture during 1975. The "alleviate the past fe problems created by ing severe drought carried out under the Prairie J-5 "The decision to OP6" UP Join's lo Army training program conauciea on the shares. Junex Resources up .01 stop-loss selling pushed all farm com- Thursday's volume of trade was .23; Olympian down .02 at .38; Con- modjty' futures sharply lower on the 000 bushels of feed wheat. 337.000 of solidaled Monarch up .03 at .32; Petro or Thursday oats, of barley, rye, West up .04 at .26; Spirit Explorations Several soybean and wheat contracts of flax and of rapeseed. unchanged at .04. Far East down .02 at the limit of 20 cents a bushel. Soy- There was no trading in corn. lean oil was down 90 points, just short Mid session prices: MONTRFAI rrpi Prim, of a limit move, while meal futures Thunder Bay rapeseed: May 20 higher inTighUrading on the declined a ton. Oats fell back 5V4 lower 7.16A; July 20 lower 7.10A; Oct. totolijnlit'rlTsTstomTand1 prompted by lower June the composite .05 to 169.18. Utilities 0[ PoaUons m advance of 7.14A Sept. a lower b.94A MI dtinioom the government's final report on gram Hax. May JO lower 8.40A, Jjly JO tell .45 to uy.Ji. nriifhir-llnn in 1W4 dnp after the close lower 8.25A; Oct. 25 lower 8.20A; Nov. Rio Algom Mines rose 1% to fw, S- lower 8.10A. Feed wheat: May 10 Bank of Nova Scotia 'A to Price f was rauch stop 3.72A; July 10 lower 3.70A; Oct. A For a time after midsession, most seven lower 3.75A. Corn: Mar. Noranda M and corn options S30y Imoerial Oil A V to and attracted buyers so that prices had July unchanged J.67A. Barley. May 10 International Nickel A to etlBcd Plus side wllile ncarby .July 10 r options were still under previous Oct- unchanged 2.80A. Oats: My coses As the selling set in, however, 1.92B; July four lower 1.85B; all options weakened unchanged 1.85A. Rye: May 15 LiveStOCk Oats Ml with corn. buUrade was '5 2'68A; under selling G'rainTiIolw Thursday basis wSlflSry pressure throughout the session along LaKeneaa. with sov oil, but lor a few minutes H'Sh Low tlosc CALGARY (CP) Receipts to 11 thi was a Mw 884 870 870 a.m. Friday at the Calgarv public dissipated, however, in stockyards totalled head, mostly active selling at the close. slaughter cows and feeder steers. Gold weakened as Trade was moderately active on cows MayaP ,36 and active on feeder steers. 1- u ures cosed lower. _ _ No slaughter steers or heifers were At the close, soybeans were down 17 _ _ enlH oarlv In a marltot All 20 Cents a bushel Jan. 6.21, Wheat 7 sold early to establish a market. All inwnr Mavph 4 H4 rnrn Rapeseed Vancouver classes of cows sold steady. There h to Jan 755 753'A 753% were insufficient bulls on offer to es- Mo lower Ma ch 330 and oats 4 to tablisb quotations. ate lower March ?46 Cows. Dl. D2: 16.50 to 18.50. D3: 15 Grain quotations Thursday: _ _ 4 to 16.50. D4: 12 to 15. Wheat: Mar 4.04; May Jul A heavy run of feeder steers SePi3-96' May 295 287 287 VI weighing more than 750 pounds sold Corn: Mar 3.30; May J.32; Jul JJ1; j> 2B6% higher. Good feeder steers more than SeP 3-14' 2-84; Mar 2-89Vi- Oct 280 750 37 to 40.50; 550 to 750 Oals: Mar '-6IVl' May '-58; Jul Barley pounds: 34 to 37.50. Sep 1.48; Dec 1.55 May Hogs f.o.b. to 11 a.m.: 52.55. _ 292-Vj Oct 280 Currencies I94 194VS Hoa orices jiy M MONTREAL ICP) Friday's mid- Corn basis Montreal day foreign exchange selling rates Mar 370 EDMONTON (CP) Average clos- supplied by the Bank of Montreal: May 378 ing prices Friday provided by the Bermuda dollar 1.0100 Jiy 367 i Alberta Hog Producers Marketing china renminbi .5570 Feed Wheat Board. Thursday's average in Denmark kroner .1805 May 391'A 382 382 brackets: .-rance franc .2310 Jiy 380 Edmonton: 52.86 Germany mark .4230 Ocl 382 Calgary: 52.55 Hungary forint .0414 Red Deer: 52.48 Italy lira .001560 Lethbridgc: Nil Japan yen .003350 I..1...... Fort Macleod: Nil Mexico peso .0805 OOlQ fUIUreS Total hogs sold 2.690, average 52.62. Netherlands guilder .4075 There were no sows sold today. Spain peseta .0185 WINNIPEG (CP) Gold futures, 1 Sweden kroner .2470 U-S. funds, Winnipeg Commodity Ex-Switzerland franc .3930 change close Thursday. United Stales dollar .9970 400-OUNCE CONTRACTS: DollSr V3lUe United Kingdom pound 2.3700 Jan 75 174.70B; Apr 75 177.50B; i U.S.S.R. ruble 1.3254 Jiy 181.35; Oct 75 185.95B; Jan MrmiTRFi! ncrfii Quotations in Canadian funds. 76 190.IOB. MONTREAL (CP) U.S. dollar in Wednesday's volume: 253 contracts, terms of Canadian funds at noon Fn- 100.0UNCE CONTRACTS-day was down 1-25 at 9-50. Pound Feb75 17500- May 75 179 10B-sterling was down 6-25 at 21-50. TreaSUfV DlllS Aug 75'- 18S.40AJ Nov 75 New York, the Canadian dollar FPH VK iqiruu was up 1-25 at 83-100. Pound sterl-, ing was down 3-20 at 7-20. OTTAWA (CP) New 91-day 1 treasury bills issued Thursday: million at an average price of 98.362 _ and an average yield of 6.68 per cent. 0661 TUtUrCS WieiBia Last week: million at average price of 98.322 and average yield of 6.85 LONDON (AP) Closing metals percent. WINNIPEG (CP) Live beef Thursday bid-ask in pounds sterling a 182-day: million at an average iutures close Thursday! metric ton; silver in pence a troy priceof 96.801 and average yield of 6.63 jan _ 43.50N; March 45.50A; ounce: per cent. Last week: million at _ 45 OON. Copper-Spot 517.5-518; futures average price of 96.742 and average Wednesday's volume: Eight 536.5-537 yield of 6.75 per cent. contracts. Tin-spot futures 3.180- Mixed weather Above or near normal temperatures throughout IjrRS pFlCC Canada are expected for the next 30 days, according to the long-range outlook of the United States Weather Bureau. Precipitation is expected to be below normal 1HCFCJISC in Atlantic provinces and portions of Ontario and the prairies, while precipitation in the rest of Canada will J l be above normal. This is not a specific forecast and QCleiy changes may OTTAWA (Uf) A hearing on an application from Trans-Canada Pipelines Ltd. for fiflfift h'6her natural gas priees TJl f I UUUo wound up Thursday with pleas from utilities" for a delay in j implementing any increase. til 01 fjfjhfltfJ TransCanada is seeking ap-1 f-C-t-lr proval from the National Energy Board for an increase of two cents a thousand cubic Ofl TflY feet in the price it charges v Vv v tJ Ar r ,i> utilities for gas piped from WASHINGTON (AP) A Minnesota professor who has the in-sharp drop in, the broadest advised Democratic crease is cover government measure of the presidents, proposed a tax cut economic health of the United of billion to billion. busjness year States has provided fresh fuel In other economic develop- n onthprini? for the debate over how big a ments Thursday: Alberta wages and tax cut there should be. Ford said he j> taxes' u Wants the The report Thursday on the will ask Congress for a five- u F b Gross National Product year, mne-monyi extension of "Kw "-e lu uc c lc which measures total the revenue-sharing program. But durjn flnal ent output of goods and services, -Ford Motor Co. announc- before the board rs for constituted strong evidence ed ,t is offering buyers of its imies ht de, jn that the recession may be the new small models rebates of jhe errectjve date of the most severe economic dis- up to as a measure to jncrease Th want Ume to location for the United States increase sales. provincial since the Great Depression. -Chrysler Corp. said it will v aeencies to pass .Administration officials, keep three car assembly Qn to tjjeir who support a billion tax plants and a truck facility custorners cut, say the evidence doesn't closed next week, extending Th increase wm an av. yet confirm the recession is ayoffs for 13 750 workers. homeowner about that deep. _, -Crop production last year a in additional fuel bills. But the figures underscored sagged eight per cent from DETAILS the analysis of economist Wai- 1973 levels, says the U.S. Q several interveners in the ter Heller, who said even agriculture department, questj0ned whether before the new figures came Weather was blamed for the franscanaia had proven all out that this recession is the dip. the of the projected worst since .the depression. The GNP figures from the es eciallv an increase Heller, a University of commerce department show of mmion in charges from U.S. output slipped at an an- Alberta Gas Trunk Lines Ltd. rate of 9.1 per cent over (AGTL) one of its suppliers. f- the last three' months of 1974 David Scott, counsel for the GflS taX whlle lnflat'on at a industrial Gas Users' Associ-m-per-cent annual rate atjon said some of the f ,ytT tions used TransCanada naCt With Sln'tutanfnnSS Per cen' severe'y the value of those dollars. company to'support the TI rm G Thus, after adjustment tor r-mw _ f 11 IIKUI inflatinn 1974 ONP dronoed innauon, LVii aroppea should have been OTTAWA rrp> Attnrnpv CenL available, he said, so that the r i MarHnnalri of But those figures dld not interveners could test the ac-General Alex Macdonald of chart what happened in the f h f. British Columbia said today economy from fte of "1" y Pilon t0 the end 1974' that lawyer for TransCanada, said Sver taxation of natural gTs basis, output dropped five per although company witnesses comDante but some detffls cent' had no Personal knowledge of remain to be worS out The GNP for this the they were ealled Mr Macdonald said he recession is worse than any as expert witnesses and had a hoped announcement of the since the depression, surpass- right to give both facts and am-ppmpnt will rarne on Mon- ing the previous steepest drop opinions. The witnesses told day added "tha' depends of 3.9 per cent in the 1957-58 the board earlier they felt the upon whether the agreement recession. increases were reasonable, in principle is accepted 226.5-227.5; futures THE OSHRKIR CONNECTION spot 130.9-181.2; 3 months "I'm optimistic at Pis he said following a 40- Rarita trklrl minute meeting with federal IJctllJVo IU1U I cgiatd. Energy Minister Donald Macdonald. a 1 -I He said he was heading back mailing Ol CrCCllt CarUS to Victoria to consult his O cabinet colleagues and any TORONTO (CP) Post- Mr. Mackasey said the further talks needed with master-General Bryce. Mack- credit card thefts take place Ottawa probably can be handl- asey says banks should use at apartment mail boxes, ed by phone. registered mail if they want to street mail boxes and green The B.C. minister said the avoid mail thefts of credit relay boxes where mail is left meeting also discussed cards. for postmen, natural gas prices, but the Wednesday, an official of He said the mailing of credit province already has agreed the Bank of Nova Scotia said cards like Chargex or Master to put off the question of the banks are looking for new Charge was like and amount of ways to get credit cards and 000 in an envelope, increases until a first cheques to customers because "I wouldn't, but that's what ministers meeting this spring. Of widespread mail theft. Chargex does. You can really The province had proposed in a telephone interview go on a binge with one of a natural gas export price in- from Ottawa, Mr. Mackasey those." crease to from for a denied that credit-card thefts Mr. Mackasey said the post thousand cubic feet as one are connected with the post office had experimented by way of settling the tax dis- office. mailing credit cards by pute. He said the post office is registered mail between mid-Discussion of the price in- considering making it man- November and mid-crease was put off until the datory for banks to mail December, first ministers meeting at the credit cards by registered Only four cards were lost, request of Ottawa, which mail. This would cost an extra and three of these were found controls the export price for -50 cents in postage for each to have been fraudulently petroleum. card. claimed at the post Textile -Ltd., six 49 cents a share; 1973, i 65 cents. {40701 Heilman Canadian Realty In- tMfyvnCWQ veslors. vcar ended Dec. 31: 1974, v S 84.6 cents a trust unit; 1973. JL j Premier Cablevision Ltd., three J frl fl 2 Premier Trust Co., year ended. Dcc. 31: 1974. a share; HaroW Ptmr Btrgtr 1973. Peter has joined the Action Agency team, and we are pleased! Triice Corp. Ltd., year ended Oct. peter graduated from the Olds School of Agriculture; he has ex-31- 1974 672 cents a share- perience in farming and construction; and he has four years ex-1971 Wnoo (u'crnts perience in real estate sales. His wife, Dona, and his three children DaoV Development' Corp year enjoy outdoor activities like llshing, boating, hunting and skiing, ended Ocl 31 1974, 21 a Peter is now the President of Ihe District Ski Club, chin.' IOTI 41 fififi nno ti i? he was an Exalted Ruler of the" Elks Club In Stavely. %ur ProviSl Diversified hiS "MeMM HoMinRs Ltd., nine months ended Ihe Action Team to get results with your Sept. .10: 1974. 78 ccnls a real estate problems, st 329-3331. ;