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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 20, 1975, Lethbridge, Alberta Monday, January 20, 1975 THE LETHBRIDGE HERALD 23 The HeraUl- Business Cuban gov't can expect huge profits from sugar Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN OILS AND MINES Alton Mines 2.75 Albany Oil .28 Alta East Gas 4.70 Alminex 4.90 Asamera 7.75 Ashland Oil 6.25 BP Canada 9 25 Brenda Mines 3.35 Cda South 2.02 Cdn Ex Gas 2.25 Cdn Homesld 2.70 Cdn Ind Gas Oil 6.00 Cdn Long Is .15 Cdn Super 25.75 Chreftan Dev 4.85 Dome Pete 20.75 Dynasty 7.25 Nylort R9s .13 Giant Mascot .54 Gibraltar Mines 4.10 Granisle 11.25 Gt Cdn Oil S 5.75 Lochiel Ex 1.02 Lytton Mtn 1.10 North Cdn Oil 3.00 Numac Oil Gas 10.25 Pancdn Pete 9.00 Pan Ocean 8.00 Petrol 1 15 Paloma .55 Place Gas .26 Ponder .46 Ranger Oil 15.25 Scurry Rain 12.25 Selbens 6.75 Spooner .25 Total Pete 5 Ulster Pete .55 United Canso 7.00 West Pete 3.05 West Decalta 3.55 MISCELLANEOUS INDUSTRIALS Acres Ltd 5.87 'A Aquilaine 14.12Vi BC Sugar C Pfd Block Bros 3.30 Canbra Foods 2.45 Cdn Pac Inv A Pfd Cdn Pacitlc Inv 13.00 Carling O'Keefe A Pld 20.00 Carling O'Keefe B Ptd 21.50 Comm Cap Corp 1.50 Crestbrook Ind 3.00 Crowsnest Ind 16.75 Falcon Copper 6.25 F M Trust Co 4.10 Genstar 16.25 Home Oil A 20.50 Home Oil B 18.00 Hud Bay Co 14.62Vir Hud Bay Oil 21 00 Hud Bay Oil A Pfd 30.00 Hugh Russel Pld 53.00 Husky Oil 14.25 Husky Oil B Pfd 30.00 Husky Oil E War 4.00 Interprov Pipe War 2.20 Interprov Steel War 14.00 Kaiser Res 5.75 Kaiser Res War 3.05 Loblaw Co C Pld 23.00 Magnasonics 1.60 Pacific Pete 15.12'A Pe-Ben Oilfield Serv Royal Trust Sandwell Teledyne Traders Grp Pld Trimac Weslfield Min Woston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A- Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gas Metro A Pfd Inland Nat Gas N 8, C Gas NSC Gas B Pfd Trans-Cda Pipe Trans-Cda A Pld Trans-Cda B Pld Trans-Cda Pipe War WC Trans WC Trans War CALGARY Acroil Barons Oil N. Continental Western Warner VANCOUVER MINES Balhurst Norsemines Cima Resources Dankoe Davenport Lornex Nqrthair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS August Petroleum Plains Pete Stampede int'l Res MUTUAL FUNDS All Cdn. Compound All Cdn. Dividend All Cdn. Ventures Amer Growth Fund A.G.F. Special Cdn. Investment Fund Eaton Commonwealth Eaton Leverage Eaton Int'l Venture Corp. Investors Corp Invest Stock Fund Dreylus Fund U.S. Grouped In Shares Growth Equity Investors Growth Fund Investors Mutual Mutual Accumulating Nat. Resources N.W. Cdn. N.W. Growth Principal Growth Royfund Templeton Growth United Accumulative Universal Savings Vanguard 2.40 22.75 4.60 4.25 10.25 3.75 .80 46.00 6.00 11.50 53.50 15.00 50.00 8.12'A 9.50 18.50 9.50 52.50 28.75 .65 19.75 1.80 .32V4 .05 1.12 .50 2.20 .60 4.25 1.86 .11 .05 1.25 5.30 .06 1.25 .15 .08 .64 4.84 5.17 2.06 3.54 1.87 3.93 11.27 2.45 4.43 4.94 3.65 8.43 2.43 4.73 9.72 4.67 4.83 3.37 4.18 3.51 3.25 5.04 6.54 3.60 6.S7 3.93 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar' Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denlson Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger A Hudson Bay A Hydra Ex. Iron Bay ISO Ooliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartfc 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 Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Vellowknile Bear Zen mac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Agra Ind Bell Tel Brascan A BC Tel .07 1.08 1.36 1.50 .31 9.00 1.15 3.85 2.45 2.60 3.30 .92 .93 2.45 1.56 '.93 3.45 6.75 41.75 .25 42.00 2.05 3.10 1.50 27.00 .13 .36 10.00 .90 27.50 .50 4.50 9.50 .25 3.W .09 .48 .90 !38'A .09 .11 2.30 5.75 .20 .15 29.50 3.00 .16 26.00 14.25 1.05 .13 .85 .18 22.75 11.00 5.00 1.10 3.15 2.25 .18 1.45 1.45 1.15 1.40 .11 1.95 .05 9.25 19.50 14.00 5.50 45.00 10.75 51.00 Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carling O'Keefe Chemcell Coron Credit CWN Gas Pld Cdn Ind Cdn Marconi Cdn Vicksrs Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gull Oil Greyhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A imasca A Int Nickel Int Pipe Inv Grp A IU Int'l IAC Ltd Jannock Kaps Kel Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Peyto Power Corp Price Co Rothmans Shell CDA Simpsons Simp Sears Steel Can A Selkirk A Texaco Trad Grp A Trans Mtn Pipe Trasn Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg Westeel Westons Woodwards A BANKS Can Imperial Montreal Nova Scotia Royal Tor Dom 10.00 12.50 19.25 11.75 10.50 7.00 2.45 4.80 2.31 3.50 1.55 8.00 2.B5 11. 37 'A 8.50 14.25 25.75 24.00 14.50 32.25 19.50 18.75 6.75 16.25 20.75 22.25 1.45 5.75 36.12V4 15.1214 27.00 13.50 5.00 37.00 24.75 22.50 6.37V4 18.6214 1.65 4.70 7.50 2.75 5.50 12.37VS 15.00 23.1 39.00 15.75 14.25 9.25 2.73 S.S7V, 13.50 10.12'A 12.75 7.37Vi 9.50 26.50 12.25 29.25 13.00 10.50 9.50 15.75 8.1 2Vi 3.50 6.1214 20.00 20.00 23.3714 36.75 27.75 34.75 Afeio York (Supplied by Richardson Securities of Canada) Arnr. T 8 T Anaconda Beth Sleel Chrysler Comsat Duponl General Motors Gull Int Harvester Kenn Copper Montgomery Ward Sears Exxon Texas Gull Texas Co Wix Corporalion 46.12'A 15 27.50 8.62'A 92.00 36.62'i 18.75 14.75 54.25 67.00 24.25 23.00 Woolworlh 11.62'A 10.8714 40.50 20.00 U.S. Sleel Gen Tel Elec TORONTO AVERAGES 20 Industrials 167.16 down 1.18 20 Golds 353.17 down 2.04 10 Base Metals 60.80 down .30 15 Western Oils 133.15 down 1 42 Volume NEW YORK AVERAGES 20 Industrials 640.10 down 4.53 20 Rails 153.80 down .73 15 Utilities 76.97 down .57 65 Slocks 211.79 down 1.38 Volume MIAMI (AP) The govern- ment of Fidel Castro is al- ready counting its projected sugar profits from the world's underproduction and over- consumption of the suddenly precious commodity. As the world's largest pro- ducer of sugar cane, Cuba has taken these recent actions to shake loose a large per- centage of its crop for dump- ing on the world market at record-high prices: has joined with 19 other Latin-American and Carib- bean sugar-producing coun- tries in an attempt to control price and production. is trying to get out from under some of its long-term commitments to Communist- bloc and free-world countries, which tie up more than two- thirds of its sugar at lower- than-world-market prices. is cutting domestic con- sumption by imposing yet lower sugar quotas on its eight million people. Representatives from 20 countries met privately on the remote Mexican island of Cozumel last November to discuss the world sugar mar- ket. Spearheaded by Cuba, Mexico, Brazil, Argentina and the Dominican Republic, sugar officials from Latin America and the Caribbean laid plans to set up a "co-or- dinating organization to pro- tect the interests of the ex- porting as a Mexi- can government announce- ment put it. Oil firms, union settle wage pact DENVER (AP) The president of the oil workers union says contract negotiations with United States oil companies are on a "mop-up basis" despite strikes by more than union members. A.F. Grpspiron, president of the Oil, Chemical and Atomic Workers International, an- nounced Sunday settlement of contracts with Mobil and Cities Services oil companies, He said at a news conference those agreements were similar to earlier contracts which gave union workers 26.8-per-cent wage c 1 i bales good TORONTO icp) Joseph Grasso, general manager of Polysar Ltd. of Sarnia, said in an interview that sales of the company's condominiums in the last three weeks have been picking up "a little bit." He said 60 of 382 units built for sale have been sold. The com- pany's controversial modular building concept has had poor consumer response. IMPOSE QUOTAS CANBERRA (AP) The Australian government has placed tariff quotes on im- ports of men's shirts, woven pyjamas and other woven nightwear. The quotas are designed to limit imports of shirts to 4.5 million garments in 1975 and 8.5 million in 1976. increases over two-year periods. He said nine contracts have been signed, covering of the union's members. Oil workers made about an hour under their old contracts. Despite the new contracts, Mobil, Gulf and Texaco were negotiating to end strikes at refineries in Texas. More than workers were on strike over local issues at refineries in Beaumont and Port Arthur, Tex. A strike of union mem- bers against Union Oil Co. refineries in Texas, California and Illinois appeared "no closer to a union spokesman said. The countries involved mar- ket more than 60 per cent of the world's exports. Some 3.5 million tons of their produc- tion goes to the United States. Critics of U.S. policy, in- cluding American growers, say Congress added to the possibility that sugar prices will remain high for years by allowing the 40-year-old Sugar Act to die. Under the act, for- eign suppliers except Cuba were assigned quotas for ship- ment to the U.S., the world's largest consumer. This sugar was often bought below the world price in recent year's. After the act expired Jan. 1, foreign producers were no longer obliged to ship sugar to the U.S. This may lead to shortages in the domestic market and even higher prices, these critics say. Although the American market has been closed to Cuba since 1964, Castro has had no trouble selling its crop to Russia, Eastern Europe and such non-Communist countries as England, Spain, France and Japan. Most of its production is tied up in long-term agreements, much of it on a barter basis. Dr. Leon Goure of the Uni- versity of Miami Centre for International Studies, who monitors Soviet and Cuban r J Concrete construction Concrete construction techniques have changed dramatically in recent years and much of the new technology is in use for construction of Toronto's Royal Bank Plaza. To pour concrete in winter, elaborate precautions are taken to ensure that it stays warm during the setting process. Sand and stone are heated before the con- crete is mixed and the catalytic action of adding cement adds additional warmth. trade practices, says the So- Tne forms are also pre-heated by installing diesel oil-burning heaters on the floor viet Union buys roughly 30 per below and closing in the floor with plastic sheeting to contain the heat and warm the cent and other Communist- forms. After the concrete is poured and smoothed, insulated blankets are laid over the top, keeping the mixture at 50 to 60 degrees for up to 24 hours. Plant expands ICHIBUCTO, N.B. (CP) Atlantic Distillers Ltd. has be- gun a expansion of its plant facilities here. The expansion will provide full aging, production, storage and bottling facilities for sev- eral rums and vodkas the company produces. Wayne W. Chahley, general sales manager, said the prod- ucts are produced to appeal specifically to the tastes and preferences of Atlantic Canada. Atlantic Distillers, part of the Seagram Co. Ltd., will first test the New Brunswick market, then Nova Scotia followed by expansion into Prince Edward Island and Newfoundland. :ountries an equal An undetermined amount of the remaining 40 per cent is tied up in agree- ments with free-world coun- Castro said in a recent speech that Cuba would honor its contracts. But there have been strong indications from Cuban offi- cials at international meet- ings that the government is trying to rework some of them to take advantage of high world prices. In addition, Havana radio says Cuba is exerting every effort "to extract even the last grain of sugar" from the crop now being harvested. The 1974-75 Cuban sugar crop is expected to be slightly more 'than the estimated 5.5 million tons refined last sea- son. _ Frotit-takers active Market continues decline TORONTO (CP) The To- ronto stock market continued to lose ground Monday with all major sectors declining in light mid-morning trading. Profit taking and the in- fluence of a lower New York market contributed to the trend which began early last week. The'industrial index was off brewery MONTREAL (CP) All sectors were lower 'igltt trading on the Montreal Stock Exchange Monday. Volume at a.m. was 107.400 shares, compared with at the same time Friday. Industrials fell 1.81 to 169.55, the composite 1.41 to 167.29, banks 1.34 to 226.86, utilities .074 to 127.43 and papers 0.30 to 101.34. .90 to 167.44, golds 2.42 to 352.79, base metals .15 to 60.95 and western oils 1.73 to 132.84. Gulf Canada fell to V6, Imperial Oil A to Moore to Pacific Pete to and Celanese 30 cents to .lannock special rose to Algoma Central Vn to and Newfoundland Light and Power to Market trends Moore Corp. fell to Falconbridge Nickel '.i to Dtl Pont Vz to and Bank of Montreal lo Sl3'.i: while Jannock Corp. rose Camflo Mines lost Vi to Pursides Gold five cents to and McAdam two cents to 28 cents. Campbell Red Lake gained to and Pan Central 10 cents to Asamera dropped Va to and United Canso to United Reef was up one cent to 23 cents. Among speculative issues. Com- mander Nickel Copper Mines Ltd. dropped one cent to 39 cents after trading shares. SURPRISE- IT'S SAFE! THEGALBRAITH BROTHERS John in Rexburg David in Jerusalem Announce Another 22 Day HOLY LAND TOUR Including Egypt Have your Old Testament Studies come to life. In addition to nightly lectures Walk on the Mt. of Olives Ponder in the Garden Tomb Boat across the Galilee Drink from Jacob's Well Read on the Mt. of Beatitudes Stroll through Bethlehem, Naz- areth and Old Jericho. Leaving from Calgary, 3 weeks starting May 5th. We'll also visit London, England; L.D.S. Temple Zurich, Cairo, Egypt; The Pyramids Amman Jordan; It's Biblical ruins. Phone or Write Soon for Information ft Itineraries D. Jensen Box 555, Raymond Phone 752-2035 or John Galbraith Box 94, Sugar City, Idaho Phone 208-356-3928 Collect PRINCE GEORGE, B.C. (CP) Ben Ginter says that unless the provincial govern- rnent imposes a quota system to force hotels in British Columbia to order at least 10 per cent of their beer from his company, he might shut down his brewery here. Mr. Ginter, who produces Uncle Ben's beer and Soft drinks, -said lack of orders might force him to shut down the brewery when a second plant opens in Richmond, B.C. He said a quota system would provide enough orders to convert the brewery here to a soft drfnk factory and guarantee work to the plant's 30 permanent workers. Alf Nunweiler, minister without portfolio responsible for northern affairs says he has asked i Attorney General Alex Macdonald Close- ly at the proposal. Mr. Ginter sais quota systems for his beer have been imposed in Alberta and Manitoba Most of the employees here were laid off Jan. 6, but Mr. Ginter said they will be called back to work this week. Mr. Ginter said that if the brewery is closed, some of the workers will be asked to iransier to tne nicnmond1 plant. He said the Richmond Plant was being built because it was not economical to serve the B.C. lower mainland and northwest United States from here Winnipeg grain WINNIPEG icp> There was no in the bleak commodity modity Exchange. Activity continued light, prices ex- low of barley, of rye, of flax and of rapeseed. There was no trading in com. LJV6StOCk Cflloarv CALGARY ICPJ Receipts to n Mid-session prices: Thunder Bay rapeseed: May 20 lower 6.96A: July 20 lower 6.90A; Oct. 20 lower 6.72A; Nov. 24 lower 6.45A. Vancouver rapeseed: Jan. 20 lower 7.13'AA; Mar. 20 lower June 20 lower 6.84A; Sept. 20 lower 6.T4A. Flax: May 30 lower 8.10A; July 30 lower 7.95A: Oct. 35 lower 7.85A; Nov. 25 lower 7.85A. Feed wheat: May nine ower 3.63: July nine lower 3.61A: Oct. 14 lower 3.61A. Corn: Mar., May and July not open. Barley: May four lower 2.83'A; July six lower 2.76KB: Oct. 10 lower 2.70A. Oats: May 1'A lower I.8814A; July one lower 1.84A; Oct. not open. Rye: May 10 lower 2.62'A; July 10 lower 2.58A; Oct. 15 lower 2.49A. VANCOUVER (CP) Prices were up in light trading on the Vancouver Stock Exchange Monday. Early volume was shares. In the industrials, Cornalwas up .05 at on shares. In the mines, Dalton was up .01 at-.25 on shares. In the oils, Rand A was down .04 at .72 on shares. Volume on the curb exchange was shares, Acaploma was down .01 at .13 on shares. NEW YORK (AP) Profit taking and uncertainty over pending govern- ment plans to deal with the recession helped keep the stock market in re- treat Monday. The noon Dow Jones average of 30 industrials was down 4.53 at 640.10. Losers more than doubled the number of gainers in quiet trading on the New York Stock Exchange. The NYSE's composite common- stock index slipped .31 to 37.55. Among Canadian issues on the NYSE, Dome Mines was'down !i to S43tt, Hiram Walker 'i to Inter- national Nickel '.'4 to and Campbell Red Lake W to Massey Ferguson was up Vfe to while Canadian Pacific remained un- changed at head, consisting mainly of a light run 0[ slaughter steers and heifers and a normal ru" ot Siau8hler cows- was moderate on all classes. terete ?etslSer heifers to n a.m. to establish a market. B3 and 4 cows sold steady. There were lu" tew to establish a markc! steers A3 39 to 41, A4 37 to .19. Cows D3 15 lo 16-50' M l2 to 15- market. No sM- HOfl DfJCfiS EDMONTON (cn, Prices to 11 a.m. Monday provided by the Alberta Hog Producers Marketing Board. Fri-