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Lethbridge Herald Newspaper Archives

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Lethbridge Herald {Newspaper} - 1974-01-23,Lethbridge, Alberta W«dHMd«y. J«n4Mry 23,1»74>THC LITHMIDOE HEML0-1« Fuel cuts, price hikes threat to farming industry Hic Hcraia- Business Moderate trading Industrials pace market advance HeriM Ottawa Buret« OTTAWA - A contUiued *s-calatiw of fuel price* or a genuine restriction of petroleum supplies to the farming industry “could leu to a chain reaction of expaDding economic, social and possibly inter national humanitarian consequences,” according to federal energy experts. “Canada’s present position as a food surplus nation is vitelly dependent on use of petroleum ” the experts say in a 10-page internal federal commentary on an unpubU^-ed first draft report of a Science Council study on oiergy. Oil suwlies are needed for working the land, for enhancing the prodiicUvity of the land with oil-based lertiliiers, and for harvesting and processing crops, the document says. “There Is no acceptable substitute in sight” for the agricultural industry, it says. The WO-page Science Council energy report, in first draft form, failed to discuss the Implications of energy for such energy-dependent industries as agriculture, the 10-ps federal critique asked for the Science Council ener®r committee maintains. Stocks Miscellaneous Vancouver, Calgary. Montreal Miifland Doherty Limited U.S. has trade surplus WASHINGTON (AP) - The United States had a (1.4-billion surplus in its trade with Communist countries during the first nine months of 1973, the commerce department reported Tuesday. Qver-all trade with Communist countries also rose sharply, going up to $2.2 billion in the first nine months of last year, compared with $760 million in the same period of 1972. Exports to Communist countries totalled |L8 billion, with nearly $1 billion going to the Soviet Union, compared with 1322 million in the previous year. Exports to China totalled $392 millicn in the first nine months of 1973, up from only $5 million in the same period of l£i72. Imports from the Soviet Union in the first nine months of 1973 totalled $137 million, for a surplus in trade with the Soviet Union during the period of »37 million. Iminrts from China totalled $45 riiillion during the period, for a surplus in the China trade of $347 million. Imports from all the Communist countries totalled $399 niillion during the period. Among countries of Eastern Europe, Poland was the major trading partner of the United Statsss.s. The U.S. ex* porort^ed $246 million to Poland during tbe first nine months of last year and imported $130 million. Bank official resigns post VANCOUVER (CP) - G. Howard Eaton, executive vice-president of the Bank of B.C., is resigning bis position to accept a top jpost with First City Financial Corp., a Vancouver-based firm headed by Samuel Belzberg. - Mr. Eaton will become executive vice-president and chief operatl^ officer of First City Financial. He joined the bank in 1970 and became executive vicepresident last August. Calgary «loans $25,000.00 and Over... Real Fas) . . . Ofi any type ol property . . fast courteous service ... no red tape -.. Don't disturb your low m(erest first morlaage.    ■ mfHTii FIwim CtTfinttM Ul. rktM ZGZ-64». Cil|WT". CALGARY <CP) - HeceipU to 11 a.m. Wednesday fram the Calgaiy pubUc stockyards totaUed about 1,300 head, mostly slaughter cattle. Trade was dull on steers and moderately active on heifers and cows. Slaughter steers met an indifferent demand at prices $1 to fl.SO lower with sales to S2.S0. Heifers sold lower with live odd sale lo *48.90. Cows generally |Z to S3 lower and bulls to lower.    ■ Steers A1 and 2 50.50-Si. A3 «-50-25, A4 47-48.90. Heifet« A1 and 2 42.9044, A3 40.50^2, A4 3S.5040. CowS D1 Slid Z 30.S0^3, D3 2»-30.Za. D4 Z5-28.Sa. Good bulls 394Z.50. There were insufficient replacements sold early to establish -quotations. Hoes sold (!.20 lower at an average base price of >44.35. WESTEftN OILS ANO MINES Anon Min« Albany Oil Almittex AsanMra Ashland On Alta East Gas • BP Canada Brenda Min«a Can South Cdn Ex Gas Cdn Homesld Cdn Ind Qa« Oil Cdn Long It Chi«ftan Cdn Super Dome Pate Dynasty Fort BBllancB Giant Mascot Gibraltar Mines Granisle Gt Plains Qt Cdn Oil S Lochiei Ex LyHon Min Noble Mln«s North Cdn Oils Numac Pancdn Pete pan Ocean Petrol Pinnacle Place Gas ' Ponder Ranger Oil Scurry Rain Seibens Spooner Total Pete Ulster Pete United Canso Weal Pete West Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Sugar A Pid Block Bros Cdn Pac inv A Rid Com Cap Corp , Carling o’Keele A Ptd Carling O Koele 6 Pfd Crestbrook Ind Crowsnest Ind Falcon Copper F and M Trust Co Genslar Global Com Unit Home A Home B ■ Hud Bay Co Hud Bay Oil Hugh Ruaaell    - Husky Oil Husky B Ptd Husky D War Husky E War Hys of Canada Inter Prov Pipe Inter Prov Steel Kaiser Res Uoblaw C Pfd Major Consulting Engineering Finn '    requires 2 Instrument Men Commencing Spring construction Season. Applicants with Surveying and Supervision experience in Municipal Engineering field are preferred. Reply in confidence to; UNDERWOOD McLELLAN & ASSOCIATES LTD. 401 Mayor Magrath Drlva ' Box 1090, Ltthbridga, Albarta WE ARE A LETHBRIDGE BUSINESS Loolting for a man who can supervise the handling and delivery of construction and building materials. The successful applicant must have an ability in this field. Salary to be negotiated. Full time employment assured. Requiremenis includ*; •    Knowiodge of building malarial* and aqulpmant. •    Exparlanc* in aupervlaing man. •    Ability to aftli iiictivaie and accopt r«s- ponaibllity. PLEASE REPLY IN CONFIDENCE TO BOX44 HERALD stating Qualllicationt and Salary Expaetad Magnasorties Pacinc Pete Pac West Air Pe-Ben Oillleld Sar Rainier inc Royal Trust S.IJ'A .68 7.25 ia.50 11.62W 7.ezw 13.25 7.50 5.62’A 3.46 6.87V4 9.00 .18 11.00 59.25 42.00 9.00 .23 2.30 11.12% 8.50 £8.50 10.78 2.73 1.19 .80 5.62W 16.57’A 12.75 16.25 1.85 .21 .48 ,52 45.00 22.25 17.30 .33 687« 1.32 23.00 6.00 8.12'A 10.37'A 27.50 12.75 3.75 33.75 2.50 24.50 28-37V4 5.25 28.50 11.12'/i 5.00 17.00 40.00 5Z.75 49.25 17.50 45.50 52.00 23.00 39.Z5 7.62'A 10.00 3.25 6.75 14.00 4.25 26.75 5.75 34.25 7.87'/4 6.82W 3.75 27.00 Sandweii Teledyn* Trimac W«$t Cdn Seed Westfield t^lin Weston A Pfd White Yukon PIPE LINE STOCKS Alla Oas A Alia Gas Ptd Atta Nat Gas inland Nat Gas Gaz Meiro Gaz Metro A PId N and C Gas N and C B Ptd Pacific Trans Trans Can Pip« Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans Wtg,^^ Acroll Barons Oils Nonn Continental West Warner VANCOUVER MINES Allas Expier Beth Norse Dankoe Davenport Dotty Varden Equitorial Res Lornex Primer ALGARY 6.75 4.05 9.(3'^ 4.10 1.2B 69-12% fl.12’/i 11.37’4 66.00 B.50 6.12W 64.00 12.25 Z3.S0 10.76 33.00 61.50 37.00 S.12'/i 24.00 4.40 TORONTO (CPi “ Prices oft 11» Toronto BiAck markiit turned mixed in modrrate midiiKtniini tra^ today. ttie industrial index. coaMoered tbe maiin indicator of market trend, was up M to 2HI.T0. Golds Ml I.H to $31.58. base tneUls .1« to 101.M and western oils .« (o »7.14. Volume by Ha.m. was I.C6 millioo shares compared with l.tt million at Ute same time Tuesday. Advances outnumbered declines IH 10 I4S wiih 202 issuea uBdianged. Oil refining, steel, pipeline am) industrial mining stociks were among in-dusirial subgroups to advance wtiile banli. communication and merclian-' diiiina issues were lower Imperial Oil rose I to*40>.. Moore % to iSO'H. Muikv 'i to Glendale Corp. ■< to f7 and Cadillac Development to tl& Weldwood Canada fell ^ to til and Peoples Jewellers A to (6. Liberian iron Ore was up 1 to 111. 1'eck Corp. B SO cents to 14.» and Rio Algom Mines 'i to »JS, Quebec Sturgeon lost to fS. FUnger Oil dropped 4s to 144 and Pan Ocean '< to fl«‘.i. United Canso increased to tSS. Winnipeg grain VANCOUVER ICPI - Price* were mixed Tuesday in heavy tndini at Ike close Tuesday on tlie Vancouver Stock Exchange. Volume was 3,00*.185 Pyramid Silver Standard    ' Valley Copper INDUSTRIALS Colum Brew Key Industries Wardatr August Pete Plains OILS . jiins Pete Pond Explor Stamp mtl Rbs MUTUAL FUlViDS All Cdn Compound 6.44 All Cdn Dividend    6.81 All Cdn Ventures    3-42 Amer Grow F    4.79 AGF Special    2.53 Cdn Invest F    4.87 Collect Mutual    6.08 Common Inter    13.13 Com Leverage    3.13 Com Venture    6.40 Corp tnveslors    6.20 Corp Invest S F    4.83 Dreyfus F US Qreat Pacific Grpd Income Grow Equity Invest Grow F invest Mutual Mut Accum Mutual Grow F Nat Resources NW Cdn NW Growth principal Grow Provident Mut Royfund Temple Grow united Accum Unlver Savings Univest Vanguard $9    WINNIPEG (CPI - Activity con- tinaed light through the mid-sessMm today at tbe Winnipeg Commodity Exchange. ^ Rapeseed was about the only futures commodity which saw action, with prices ranging between I'/j cents a bushel lower than Tuesday's close, to 17=!'i cents higher. Flax was bid up the 3(^cenl trading limit in several mondis. but there were few trades. Rye continued to fall, and at midsession was as much as lUi cents lower in slight trade. Tuesday s volume of trade was 847,000 bushels of flax. i,03S,000 of rapeseed. 79?.000 of rye, and no oats or barley. Mid-session prices: Plax; May 30 higher 12.26!KiB; July SO higher U.32'aB; Oct. 20 h^r 10.62B. ^ov. 10 higher 1D.25B. Rapeseed Vancouver: Jan. higher B.62T4A March IVt higher 8.i4'V4A. June iVt lower 7.42V4A. Sept, not open.    . Rapeseed Thunder Bay: May higher 7 S4'aA. Jly 2 higher 8.»B, Oct.. Nov. not open. Rye: May 8 lower 3SZA, July ll‘/4 lower 3.33V4B. shares. On the Industrials board. Newmark Resources were.up .0» at II .£> oa I JtO shares Captain Inlematioaal fell .Wto 70 on 6.900 shares. Tliermo Plex was up .10 at .«5 on 6.000 shares. Inter-naiioiial Visual was at .» oa S,000 shares. Eiuuli tirothers fell .OS to I3.K and Jolly Jumper was at .90. In the mines. Northair fell .3# to 12.71 on 3J7.IOO shares. Consolidated Standard fell 03 to .17 on 327.S40 shares. Northair warrants were down .3« at »1.74 on 132,100 shares. Copper Giant was up ,06 at .26 on llj.OOO Shares. Bathurst was up .0» at tl 34 and Green Eagle was up .02 at .27. Most active Issue in the oils was Coynex DevelofHnents. up .OS at .US on 25 000 shares. Seneca iievelopments rose ,10 to *1» on 20,600 shares. Monterey A fell .01 to .27 on 9,MB shares. Williams Creeii gold was at .15 on 9.000 shares. Alaska Kenai rose .« to yi 3S and Stampede rose .03 to .78. MONTREAL ICPI - Prices were generally higher in light trading on the Montreal stock market today Volume on the Montreal Stock Exchange at 11 a n^. was 48S.300 shares, compared with 52i.700 shares at II a.m. Tuesday. Industrials rose 2.Sa ta 2S.H. the composiie 1.S4 to 221.15. papers .10 to 122.83. aiKl uUlities .1« to l».43 while banks fell I.li8 to 2S8.4&. Ivaco Industries fell ‘i to »0. Bank ol Montreal to 11»'! sad MiCC Investments ■■ to tlS^< while Hollinger Mines rose ‘1 to HS and Dome Petroleum to Ml’«. Among speculative issues. Nocana Mines rose two cents to 39 cents on a volume of S2.600 shares traded. NEW YORK «API - The Stock market clung to modest gains today and appeared to be drifting The Dow Jones average of 30 industrials ai noon was up 2.89. little changed from a half hour earlier but half what It was near the opening. Advances led declines on the New York Stock Exchange by seven to four. Anal.vsts said tbe market's early slrength was a continuation of Tuesday's nearly nine-poini rise in the Dow. pranpi^ by optimistic forecasts of an early end to the Arab oil embargo. Teieprutttpter. up recenOy since a government study recommending less regulation of tbe caUe-telcviugp industry. fell 1’* lo in active trading Among Canadians on the New Yorli exchange. Dome Mines lost 3^ to f 177. McIntyre >i to tS3't and Seagrams to $4P>. Hiram Walker picked up to $50^a. Alcan was unchanged at t3C. Canadian Pacific at *16'J. International Nickel at »3(i‘i. and Massey-Ferguson at fli^i. On the American exchange. Scurry Rainbow gained to t22’'i and Brascan was unchanged at 116^^. .04 .02 .2SW .20 1.31 2-5S .37 ,30 .16 9.10 -16 .12 1-81 9.60 3.00 ,17 1.56 .76 .77 7.00 7.40 3.72 S.2« 5.34 5.58 6.81 5.31 10,56 11-5« 4.S0 4.92 3.03 3.33 7.23    7.95 11.67 12.76 6.77    6.31 5-82 3.19 4.78 - 5.09 4.43 4.34 7.24 6.71 7.17 4.S4 7j87 5.68 6.77 6.40 3.50 5.25 S.S9 4.87 4-76 7,92 6.99 7-B6 5.00 8.66 6.24 6.32 Flax May Jly Oct Nov Rapeseed Jan Mar Jtin Sep Rapeseed May Jly Oct Nov Rye May Jly Nov HiRh Low Qose U96Í'* 1167 ll96i’4 llDiKi 1090 1102Vi 1042 1027 _ — lOlS VancMvcr M5 «35 US 807 793 807 750 7JI 745 _ — 7Ä [ Thsnder B«y 737 7mt 733 — — 69* — — , «0 — — WB 377 3X0 3eo 344W — — 34S Toronto mines, industrials (Supplietl by Richardson Securities of Canada) Metal* Cargill Grain Canada Ltd. Requires immediately one field representative to work in Alberta, based in Calgary. Experience in agricultural sales of feed or fertilizer, etc., B.Sc. or Agri school graduation would be an asset, experienced people with grade 12 will be considered. Cargill has many opportunities for advancement, generous fringe benefits, car allowance, travel expenses. Salary dependent on experience and qualifications. Send applications to Cargill Grain Canada Ltd.. 1414-One Lom-ard Place, Winnipeg, Manitoba. R3B 0X3. Interviews will be arranged in Calgary. IMINES Acme Advocate A$b. AkaitChO Sralorne Brouian Bethiefiem Bovls Brunswick Can. NW Land Canada Tung Cassi'ar Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines ' Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic    ' East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc ■ Moilinger Hudson Say M&S Hydra Ex. Iron Bay iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. IMalartic G.F. Martin McNeely MacIntyre Meta Midrim Intern Mogul Nu West Homes New Athona New Calumet Noranda i^orthgate Norlex ■ Pine Point Placer Dev Pax Exp. Quebec Man Rayrock fladiore Alnam Roman Corp. Sharrltt Gordon Sleep Rock Sunningdale Oil Tek Corp. Tenmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Veilowknife Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind A jannocK Agra ind Bell Tei Brascan A ■lOVt    Burns 1.30    BC Forest 2.31    BC Sugar A 2.40    Bow Valley Ind .67    Cable CAE ind 1.81    Carling O'Keefe 4.80    Chemceil 8.25    Cdn Cellulow 3.05    Cat Power ' 10.50    Coron Credit 1.1B    CWN Gai Pfd 1.10    Cdn Industrie* 4.80    Cdn Marconi 2.SS    Cdn Vickera .19    Chrysler 1.23    CPR 6.IEV1    .Cominco 7.25    Con* Sath 52.00    Cons Git .42    Dist Seagrams 174.87 w    Dom BrWge 1.15    Domiar 6.50    Dom Textile 2.26    Dom Store« 58.25    Dome Pete .22    Dolasco .66    Glen Mobile ZO.Ii'A    Grt Cdn Oil Sands 3.85    Gen MOtora 44.75    Ort Lakes Paper 25.25    Gulf Oil Cda .43    Greyhound 3.65    Hawker Sid 2.05    Hiram Walker .23'A    Huron Erie 14.26    Imperial Oil .28    Imasca 40.50    Int Nickel 5.25    int Pipe .08    Inv Grp A 2.90    lu Intern i 1.45    indust Accept .36    Xaps ■ 50.25    Kelly Doug A .15    Laurentide -15    Loeb 8.87'A    LObiaw A 8.50    Metropolitan 23    Mass Ferguson .32    McMil Bloedell 48.00    Moore Corp 5.1Z’.^    Molson* A .27    Molsont B 31.75    Nachurs New 22.82'.^    North Cent 1,20    Power Corp .20    Price Co 1.07    Rolhmans .30    Shell CDA 34.75    SimpSOn» 13.90    Simp Sears 13.62'.4    Steel Canada 2.01    Selkirk A 8.37’A    Texaco 4,70    Traders Grp A .21    Trans Mtn Pipe 22 67'/!    Trans Can Pipe 3.25    Union Carbide 2 90    Union Gas 2.74    Union Oil I.31    United Siscoe 11'A    versatile M(g 5.37’/!    Wesleei .08'/S    Westons Woodwards A II.75    West Cdn Seed 35.50    Zenith Elee 21.00    BANKS 15.25    Cdn Imperial 812'.^ Montreal 9.62’A Nova Scotia 40.1Royal 16 25    Toronto-Dom 14.00 18.1ZW 20.25 27.87’A 14.75 8.12'A 3.90 6.1 5.25 23.00 2.25 10.00 18.25 3.70 15.25 17.75 15.37W 33.50 ae.i2’/4 17.00 41.37W 36.00 22.12Vt 0.00 12.82'A 41.37'A 28.62<'i 7.37'/t 10.75 52.37’.4 24.00 32.37’A 18.00 5.12'A 49.50 27J3VA 40.75 28.25 36.12'/! 21.26 8.25 16.62'/^ 16.50 4.65 5.12’/i 9.00    ‘ 3.83 4.90 10.75 16.75 28.75 49.87« 22.75 20.00 7.12'A 11.87'A 10.00 13.25 14.50 19.25 7.75 10.75 29.25 14.00 47.25 ‘ 15,00 14.62W 32.62’/! 16.12’A 9.75 13.62'A 7.25 e.so 19.35 19-00 1B.75 4.10 2.65 26.75 MM'A 35.25 34.00 39 82’A LONDON (AP) - Closing metals bid-ask in pounds sterling a metric ton, silver in pence a troy ounce: Copper-Spot 907-9IH: futures S99-900 Tin—spot 2,M0-i,920; futures 2,820- 2.no Lead^spot 249-ZSO: futures 254-255 Ztne-spot 615.817; futures S64-9«& Silver—spot 170-170.5; 3 roontlis 178,3-178.5 Chicago markets ■ CHICAGO (AP) - Commodity futures prices moved nervously on the major United States Exchange Tuesday and closed mosüy lower under proflt-taking.    ^ There were some limit declines, but soylwan oil futures advanced the limit Wheat futures tell SO cents after a 20-cent-a-bushel advance Monday, tnit closed a few cents oft the bottom on ttie Board of Trade. Soybeans lost nearly 17 cents, while corn was down seven cents and oats nearly five cents. Soybean meal was down about $5 a ton. Shell eggs, under heavy selling pressure, fell the limit ot 200 points on the Chicago Mercantile Exchange, while live cattle and hog futures and pork bellies also declined. CotUHi futures dropped the limit of tlO a ijale, while silver lost almost 13 cents an ounce and copper was down 115 p(rfnts. Coffee, cocoa and world sugar also eased, but wool futures were mixed. Grain close:    _ Wheat; Mar 5.38: Jul 4.78; Sep 4 72; Dec. 4.76,    , Corn; May 2»6V^; May 2.89^4: 4ul 2.92'^:!; Sep 2.84; Dec 2.66'a; Mar 3-70-Oats: Mar l.ilVa; May 1.62=»'i; Jul 1.59VÍ; Sep 1.62^4. Qold futures WINNIPEG (CPI - Gold futures. U.S. funds. Winnipeg Commodity Exchange close Tuesday-Jan 74 - 137 75B, Apr 74 - 140,OOA; Jly 74 - 145.25: Oct 74 - 151.50A; Jan 75 158.00A. Monday's volume; 153 contracts. Beef futures WINNIPEG (CP) - Live beef futures close Tuesday. Jan — 53.90A, Mar — S4.80A, May — 56 45B; Jly - 55.15B. No contracts. Registered Retirement Savings Plan ‘B’ Now at HIGH INTEREST 9 No Miiiiistniioii duri» fc" SELF ADMINISTERED - NOMINAL FEES ■- FiUmiRSiilllMHmiTSTWISI fm 3M7thSI.S..L«thbri4lge Phone 328-5548 Additional business on Page 20 ANNOUNCEMENT Nu-Mode Homes Ltd. and Nu-Mtsde Realty are pleased to Congratulate Jerry Nagel and Bob Sapsford for their achievements in real estate sales and listings in 1973, their totals are as follows Jerry Nagel *501,400 Bob Sapsford *685,600 Jerry and Bob invite any of their friends and customers to give them a cali on any real estate need. Nu-Mode Realty 12773rd Ave. S. 328-8011 I\ew York (Supplied by RicliardMii SccurHjci of Canada) Amt TaT Anacondft BatA. Steel ChryMr ComMit Dupont (^«rM Motors (iuti Int. Wervester K*rin. Copper Montgonwry Ward Sear» Exxon Texas Quif Texas Co. Wix Corporation 50.25 26.50 3-t b7'A 1«.00 35.50 164.00 S3.£S 23.25 2*87'^ 40.62'A ■ 2\.67'^ «7.75 H.e2'4 32.Í7’4 27 75 14S7W Wool*orth Weehnahouie Elee US. Qen 18.S0 24.25 40.37'A ingho Tel. Elec.    2S^2'A tobonto averages 20 industrlaK 210.15 up 1.44 20 Golds S2«.35 down 11 00 10 Base Maiai* 101.29 down .15 IS Western .Oil* 267.ei up 59 volume 1.597,000 I4EW YOnK AVERAGES 20 Industrials «6A.d2 up 5.46 20 Rails 190 92 up .73 15 UlilttMt *3.65 up .35 «5 Slacks S75.«S up l 4$ Volume 9.760,000 MFiind. The fund that invests in mortgages. The fund that pays the hig^ income return. Royal Trust M Fund is a pooled investment in mortgages.    , . . It’s backed by Royal Trust’s years of experience in the mortgage field, so you know it’s safe and you don’t have to pay any sales commissions either. M Fund can also be registered as a Retirement Savings Plan. Don’t delay.    _ Come into your nearest Royal Trust office today. Decide what you want. We can help you. MFund Rc^ Trust 740 4th AV». S. L«thbrldg«t Alb«rti . Phont 328-5516 This advertisement is not to be construed as a public oiferit^^ y. Copies thereof may be obtairwd from The RoyaTTVustComp^^ ;