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Lethbridge Herald Newspaper Archives

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Lethbridge Herald {Newspaper} - 1974-01-24,Lethbridge, Alberta The HwaU- Business Thurtdty, January 24,1*74 - THE LETHSniDOE KERAlc. - - Gold stocks up sharply; industrials drop slightly Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited Appointed commissioner Richard Murray of Winnipeg, newiy-appolntedcommissioner of the federai government’s foreign investment review agency, gestures as tie taiits to reporters at a new/s conference in Ottawa. Trade Minister Aiastair Glilespie Is in the background. Oil firms face problem with development funds OTTAWA (CP) - The irresponsibility of Middle East countries, coupled with the present economic climate in Canada, has made it virtually impossible for oil companies to allocate development funds, industry spokesmen said in interviews Wednesday. It’s just so ... chaotic that lU can’t make decisions :rom day to day," said Fred Hildenbratid, president ;o| Atlantic Riihfleld, one of a multitude of oilmen here to observe the goings-on at the national energy conference. He was echoed by. other Calgary oilmen, including J. Louis Lebel, vice-president of Chevron Standard, and Jotin Poyen, president of the Canadian Petroleum Association (CPA). "In the political and economic climate, we’re in today, it’s impossible to make a rational decision about investment or anything,” said Mr, Lebel. The problem, Mr. Hilden^ brand said, arises from the fact that federal and provincial govenimehts change tbeir positions almost daily. This cristes uncertainty in the industry, with the result that it is afraid to make any financial commitments. UNDER FIEE Meanwhile, the companies were under constant fire for showing enormous profits because they were unable to plow the money back into exploration and development. Record exports shrivel supplies of U.S. wheat WASHINGTON (AP) - The United States wheat supply, ahready crimp^ by record exports, has shrivelled further and soon may force President Nixon to suspend im port quotas so that U.S. bakers can get grain and flour from Canada. The agriculture department said Wednesday that wheat reserves may be down to 182 million bushels by July 1, the lowest since 1947. A week ago the department estimated the stockpile would be 205 million bushels. “It does indicate a' little tighter situation ... and increases the possibility of importing wheat or flour,” Assistant Agriculture Secretary Carroll Brunthaver told a reporter. Nixon has the authority to suspend quotas for wheat imports. Those currently are limited to about 800,000 a year. The U.S. tariff commission is studying the effects of removing quotas but its report will not be ready until Feb. 15. Brunthaver, under question- "LOANS $as,0p0.00 and over... Real Fast ... on any typo o( property . . . fast courteous service . ; . T10 red tape . . . Don't disturb your low interest first moriqage. ' ing, said White House action on raising the annual quota may come sooner. He also said the United States is conducting country-to-country talks with the Soviet Unicm and Japan to see whether they will delay orders of U.S. wheat until the 1974 crop is ready for harvest. POSTPONE ORDERS Previously, the department had asked private exporters to ask their foreign customers to post^ne taking some of their U.S. wheat orders. The Soviets already have delayed 18.4 million bushels through that arrangement. Brunthaver said this procedure is continuing with other foreign customers. Wednesday's report showed U.S. wheat exports for the year ending June 30,1974, now are expected to be a record 1.2 billion bushels, up 25 million from what the department estimated a week ago. During 1972-73, when huge Soviet orders helped dr^in reserves, total exports were 1.18 billion bushels.    . Bakers have charged that unless wheat-export controls are imposed bread prices may soar to fl per loaf by late spring. Brunthaver apd other Nixon administration officials have called the prediction alarmist and inaccurate. Asked whether the companies were not, in fact, “crying all the way to the bank,” Mr. Hildenbrand said this does not apply on the long term. "That’s a hell of a shortterm deal!” Mr. Poyen said the “lifeblood of this industry is to keep reinvesting” and if that is made difficult or even impossible 'ibecause ?of political ' decisions “then we’re in danger of chasing out our explorers to the point where we won’t have any reserves left.” Mr. Poyen’s assistant, Charles Pratt of Ottawa, said the exploration branches of the major oil companies, as well as the hundreds of smaller independent firms, depend on reinvestment of capital. Without that capital, they go elsewhere. Further drop in yen hinted WESTERN 0II.S and mines Alton MlfiM Albany Oil Almlw Asamvra Ashland OH Alta East Gas BP Canada 6r«nda Mines Can Southern Cdn Exp Gas Cdn Homestaad Cdn Ind Gas Cdn Long Island Chieftan Cdn Superior Dome PM« Oynasty Fort Reliance Giant Mascot Gibraltar Mines Gran Isle Great Plains Qt Cdn Oil SdB LocnlBl Exp Lytton Minerals IMoble Mine» North Cdn Oils Numac    ' Panodn Pete Pan Ocean    , Patrol Pinnacle    . Place Gas Ponder , Ranger Oil Scurry Rainbow Seibona Spooner Total Pete Ulster Pate United Canso WC Pete West Decalta miscellaneous INDUSTRIES Acres Ltd Aquitaine BC Sugar A Pfd Block Brothers Cdn Pao Inv A Pfd Com Cap Corp Carling O’Keefe A PId Carling O'Keefe B PId Crestbrooh For Ind Crowsnest Indus Fahsonbridae Cop F and M Truat Co Gsnstar    ' Glob Com Units Homo Oil A Home Oil B Hud Bay Co Hud Say Oil    . Hud Bay Oil A Pfd Hugh Russell C PId Husky Oil Husky Oil B Pfd Husky Oil D War Hushy Oil E War Hys ol Canada Int Pro Pipe War Int pro Steel Kaiser Resources Loblaw C Pfd    - Magnasonies pacific Pate Pac West Airlines Pe>Ben Otilleid -Rainier Inc Royal Trust THE SECRETARIAT IS PLEASED TO MNNHIME THE dNMEMEMEUT OF A TELEPHONE ANSWEINN6 SERVICE PHONE 9a*-41«S for RATES SECRETAMU. SERVICE In mOFf MWNAl MILDIHa San dwell Teledyn* a.OO    Trimac .73    West Cdn Sd Pfoe 7.12H    Westfield Min    - 12.37'/i    Weston A Pfd 12.00    White Yukon 7.50    PIPE LINE STOCKS '13.2S    Alta Gas Line A 7.25    Alla Gas Line Pfd 5.25    Alla Nat Qaa 3.30    Inland Nat Gas 7.00    Gai Metro Gaz Meiro A Pfd .10    N and C Gas 11.00    N and C fias B PId 59.50    Pac Gas Trans 42-12''^ ■    Tr-Can Pipe а.7S    Tr-Can Pipe A Pfd .22    Tr-Can Pipe B Pfd Z.29    Tr-Can Pipe War 11.25    WC Trans ' a SO    WC Trans Wts 29.26    CALGARY 10.87'A    Acroll 2.64    Barons Oils MS    N Continenlat .79    West Warner 5,76 VANCOUVER 19.00    MINES 13.00    Atlas Explor 16.00    Bath Norse 1.BS    Dankoe .21    Davenport .46    Doily Varden .52    Equitorial Res 4e.e2'A    Lome*    . 23-00    Primer 17,25    Pyramid ,33',.4    Silver Stand 7.00    Valley Copper 1.M    INDUSTRIALS 23.00    Colum Brew б.12W    Key Industries a.M'A    Wardair OILS 10.12',^ 27,12'A 14.00 3.70 33.75 2.50 23J0 28.75 а.oo 26.50 10.75 S.CtO 16.75 39.00 52.6a'A 46.50 17.37'/b 45.00 . 50-00 52.50 21.67'A 39.25 7.50 9.50 3-25 б.75 14.00 4.25 25.37'/4 5.75 33.50 8.12'A 7-25 3.S7',« 26.75 4.05 e.90 4.10 1.28 S9.12U 9.3TVt 11.37^ 65.00 1B.50 i.67‘A 6.00 64.00 12.00 23.75 33.60 62.90 37.00 5-37’A 24.00 4.35 .66 -06 .02 .20 .30 1.22 2.55 .40 .30 .17 9.35 -15 .13 1-63 9.50 3,00 .14 1.55 .77 .21 ■.6a .76 August Pete Plains Pete Pond Explor Stamp inil Res    -MUTUAL FUNDS All p<Jn Connpound    6.51    7.08 All Cdn Dividend    6.88    7.36 AH Cdn Ventures    4.45    4-B4 Amer Grow Fund    4.63    5.31 AGF Special    2.64___ Cdn Invest Fund    4.90    6.37 Collcct Mutual    5.09    5.56 Common Iriter    13.26    13-26 Com Leveraflo    3.15    3.15 Com Venture    S.49    5.48 Corp InvBStors    , 6.21    6-62 Corp Invest S F    4.B2    5.30 Dreylus Fiind US    1064    11.66 Qr Pacific    4,50    4.92 Grpd Income    3.02    3.32 Grow Equity    7.21    7.92 Inweit Grow F    11.66    12.74 Invest Mutual    S.59    6.11 Mutual Accum    S.82    6-40 Mutual Grow F    3-18    3.50 Nat Resources    4.80    5.27 NW Cdn    5.12    5-63 NW Growth    4.45    4.89 Principal Grow    4.34    4.77 Provident Mutual    7.24    7-92 Royfuhd    6.66    6.93 Temple Grow    7.25    7.94 united Accum    4.58    6.03 Uniwr Savings    7.92    B.72 Univest    5,67    6.23 Vanguard . 5-84    6.40 Toronto mines, industrials (Supplied by Richardson-Securities of Canada) TOKYO (Reuter) - The Bank of Japan sold |650 million Wednesday to supfiort the yen as speculation mounted that the central bank might soon be forced to accept a further depreciation of the Japanese currency against the dollar.    ' The dollar sale was part of an effort to maintain the yen at its current rate of 300 to the dollar amid heavy demand for the U.S. currency. The last de facto devaluation of the floating yen came Jan, 7 when the Japanese central bank decided it could no longer afford to maintain its value at the previous rate of 2B0 yen to the dollar. Japanese banking sources indicated that a further devaluation-making Japanese exports cheaper and helping to reduce the huge balance of payments deficit expected as a result of quadrupled oil prices— mieht be welcome to the central bank. The rush to buy dollars 'came as the Tokyo foreign exchange market reopened Wednesday for the first time since France floated the franc Saturday. Bank rate cut MINES Acme Advocate Asb. Akaitctio Bralorne Broulan Belhletiem Bovis Brunswick Can, NW Land Canada Tung, Casslar Central Pat. Chlmo Conwest Cons. Rambler Coin Lake Cocftenour Craigmont Dickenson Mines Denison Mines D'Eidona    , Dome Mines Discovery Mines East Maiartic East Sullivan Faiconbridge Frdbex First Maritimes Giant Y,K. Granduc Holilnger Hudson Bay MAS Hydra Ex. Iron Bay    • Iso Joliet Quebec Ken- Addison Key Anacon Labrador ' Lake Shore Langis Silver Madsen R.L Maiartic G.F, Martin McNeeiy MacIntyre Meia MidrIm Intern Mogul Nu West Homes Mew Athona New Calumet Noranda -Northgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom floman Corp. Sherritt Gordon Steep Rock Sunningdale Oils Tek Corp A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windlail Yeitowknife Bear Zenmac INDUSTRIALS AbillDi    ' Alcan Aigoma Steel Atco ind A Jannock Agra Ind • 8eil Tel Brascan A BC Tol Bums i,ae BC Forast 2.S6 BC Sugar A Z.SO Bow Valley tnd ■ .67 Cable 14.1Z'A CAE ind 1.86 Carling 0'Ke«fe 4.30 Chemc«ll a.ez’A Cdn CetluiOM 3.00 Gal Powar 11.S0 Coron Cradlt 1.15 OWN Gas PId 1.0B Cdn Induitrles 4-76 Cdn Marconi 2.56 Cdn Vick«rs .19 Chrysler 1.31 CPR . 6.12H Comlnco 8.00 Cons Bathurst 52,00 Cons Qas ,41 Dist Seaerams 177.00 Dom Bridge 1.30 Domtar - 6.75 Dom Textile 2.32 Dom Stores 60.00 Dome Pete -22 Ootasco .86 Glendale Mobile 21.25 Grt Cdn oil Sands 3.65 Qen Motors 4S,S5 Qrt LaKes Paper 25.12*A Gulf Oil .47 Greyhound . 3.65 Hawker Sid S.OB Hiram Walker .23’yi Huron Erie 14,37'A Imperial Oil ' .26 Imasca 41.50 Int Nickel 5,62'/i Int Pipe ,08'/i Inv (Sroup A 3.30 lU Intern 1 ' 1,60 tndust Accept .39 Kaps 51.00 Kelly Doug A .15 ' Laurentlda .15 Loeb Loblaw A a,62’/] MetropoHtan .21 Mass Ferguson ,33 Vi McMll Bloedell 48,00 Moore Corp 5,00 Molsons A .27 Molsons B 32,00 Nachufs 22.62'A North Cent 1.17 Power Corp .22 Price Co 1.ZS Rotl^nnans .30 Shell CPA 34.12'/S Simpson* 12.76 Simp Sears 13.62’/4 Steel ol Canada 2.05 Selkirk A 8.50 Texaco 4.70 Traders Grp A ,21 Trans iwin Pipe 23.00 . Trans Can Pipe 3.20 Union Carbide 2,90 Union Qas 2.80 Union Oil . 1.34 United Siscoe .13’,.4 Versatile Mig 5.50 Westeel -09 Westons Woodwards A li,87'A West Cdn Seed Zenith Elec 21.50 BAN ‘IÍ.'37'A Cdn In^perial e.25 Montreal' 9.82’/! Nova Scotia 40.l2’/i Royal 1$.l2'/4 Toronto-Dort) New York TORONTO (CP) - Gold issues moved thaifily on the Toronto slock market In medente itiid-moroing Iradiac today, but indutirlals dropped rractioaally. The |otd index was up Z»-7 U> SU.U-Dhik Mines was up to Pamour 1« to tIS««. Dickeason H to K aiMt Camno to tZlH. lite industrial index, considered the maUi indicator of nurket trend, fell .15 to 110.41 and weslent oils 1.{(to IK.IKI. Base nwtils rose 1.07 to 10Í.N. Volume 11 a.Ri, was 1.30 million shares, down from l.aS million at the same time Wednesday. J Advances outnumbeied declines 10 * to 142 with issues unchanged. Oil refining, utility, paper and forest and ccnitructioa and material Issues were lower while steel, general manufacturing, industrial mining and manufacturing stocks gained. Pacific Pete fell to Consumers Distributing ’A to »11^, Imperial Oil ^ to H0%. Hanliitg A Mi to and Cnish ^ to »9. KalconbrWge Nickel rose 1 to teovt, Cani«n ^ to flB’i; Dome Pete to f42Vi and tnco to IJTVt. Asameta Oil lost H to and Pan Ocean ¥< to f lSTi>- Raqger Canada gained IK to I4TK. MONTREAL (CPi - Prices were aenerally lower in light trading on Uie Montreal Stock Exchange today. Volume at 11 a.m. was 425,200 shares, compared with 3V7,IWO shares at the same time Wednesday. The industrial index, considered the major indicator of market trend, fell 1.10 to 237.90, the composite .88 to 220.90, uUliUes .68 to 139.», and pawrs .» to 123.02 while banks rose .27 to 2S«-«6. Hudson’s Bay Oil and Gas (ell H to |44%, Massey-Ferguson v* to 116%. Chrysler Ctotp Vt to »17^, and Bell Canada V< to |40Vi wlule Palconbridge Nickel rose IVi to »SOV,. Among speculative issues, Gold Hawk Mines rose seven cents to 58 cents on a volume of 61,SS0' shares traded- VANCOUVEH (CPt - Prices were up Wadtiesday in moderate trading on the Vancouver stock exchange. Volume was 1,511.237 shares at the. cloic.    ‘ on the industrials board, Newmark Resources was down .07 at tl-Ti on a turnover of 13J00 shancs. Captain Intenwitianal was up -06 at .76 on S.W shares. Thentio Plex rose .30 to .IS on 2.S00 shares. George Sparling f ell. 10 to tl.65 on 2,300 shares. Jolly Jumper was at .M and Block Brothers was up .10 at »S.7S. Most active issue in the mines was Norlhair, up .« at (8.15 on *75,300 shares- Green Eagle was up .06 at -3S on 2Si,500 shares. Norlhair warrants were up .41 at *2.15 on 114,000 shares. Consolidated Standard rose .02 to .1» on 74.500 shares. Arcadia was up .03 at .31 and High Hawk was up a half cent In Uie oils. Seneca Developments rase (a to fl.S5 on 21.900 shares. Freehold rose .06 to 11.08 on 21.200 shares, Trans-Canada resources was up .06 at tl.TO on 16.000 shares. Rose Pass was at .37 on ll.SOO shares. Earlcrest was at .06 and Coynex Development rose .03 to .86- NEW YOHK (API - Stock market price* were down sharply today as pnlit-takers cashed inMi recent gains atid Jittery investors decided to do some selling. The Dow Jones average of JO industrials at noon was down T.3K to 883.62, while advances trailed declines on the New York Stock Exchange by about seven to four-On the American Slock Exchange, the market-value index fell .29 to 96.16. while the NYSE index fell .49 to 51.54. NYSE issues included American Motor*, down V. to llO^i: Western Union, up to|l5>/ti: General Motors, down l“ii to General Electric, down 1 to and Texaco, down “i to t27ti. Among Canadians on the NYSE. Dome Mines gained 3'^ to 1176. International Nickel % to 137%, McIntyre to 154'/j, and Seagrams ‘<t to Ml'ii Alcan declined v* to $3S^j and Massey-Ferguson ’<ii to $li’». Canadian Pacific was unchanged at tl64i>. On the American exchange, Brascan lost '4 to lieVi and Scurry Rainbow gained to *23'*. Neone* was unchanged at *2>4. NEW YORK (AP) -Morgan Guaranty Trust Co, of New York, the fifth-largest commercial bank in the United States, said Wedn«-day it will cut its prime lending rate Thursday to per cent from 9^*. A smaller institution, the First National Bank of St. Louis, later posted a similar decrease and credit experts said it was likely other banks soon wo«M follow suit. Red spring wheat quota given 5-busheI increase Uvastoek Calgary CALGARY {CP) - Receipts to I! a.m. Thursday froin the Calgary public stocltyards totalled about 600 head, mostly cows and replacements. Trade was slow: There were insufficient slauAter steers or heifers on offer to establish a market. Cows were mostly in the lower grades selling steady. Thin sliel-ly kiriffi sold down to 22. Bulls sold *2 lower. Cows D1 and 2 30.S0-J3, D3 29-30.2S, D4 25-28.50, Good bulls 37-40. Replacements were mostly yearling steers and heifers with steers «lling about steady and heifers *3-50 lower Tliere were insufficient stock calves on offer to establish quotations- Good feeder steers more tiian 850 pounds 45-51.75. Good feeder haters more than 600 pounds 3540. Good stock and feeder cows 27-36. Hogs f o-b. Calgary to 11 a.m. average base price 46.50. A few lambs sold Wednesday at 39. WINNIPEG (CP) - A flve-bushel B quota for hard red spring wheat has been announced by the Canadian Wheat Board in 30 prairie shipping blocks and six delivery ^ points in British Columbia. The quota increase, the first of its kind during the current crop year, will go into effect Jan, 14- Increases in the remaining shipping blocks will take effect as soon as sufficient elevator space becomes available. The wheat board said the change was made to increase fanner deliveries needed to fulfil export commitments. The new quota applies to all grades of hard spring wheat, mcluding tough and damp wtl6flt< The 30 shipping blocks where the new quota has be«i authorized include Winnipeg North, South and West; Brandon North, West and CP; Melville, Dauphin, Kamsack, Saskatoon Mam, South, West, North, East and CP.    . Also included are Prince Albert East and South, Edmonton West and CP. La Riviere, Weybum, Pasqua, Bulyea, Bredenbury, Medicine Hat, Brooks, 50.25 14.26 17.00 eO,25 as.iZ'A 16.00 4.00 5.1    Z’A 5.6ZVt 22.50 S.29 10.00 3.T0 15.25 ir.37'A 15.37W 3a.K'A 26.S5 Í6.62'Á 36.25 21.87'A g.oo 12.50 42.00 28.25 7-62 Vi 10.75 SI .00 23.75 32.37'/Í 15.00 5.00 5050 28.00 40.25 28.50 37.1 aw 21.50 8.25 16.62'/. 16.75 4.55 5.00 9.00 3,70 4.90 10.75 16.25 29.00 49.75 22.62'/. 20.75 7.12’/4 11.B7'/4 9.75 13.25 14.50 19.25 a.oo 11.00 29.50 14.00 4i.62'A 15.00 14.50 33.37’/! 16.12'^ 9.75 13-12’/l 7.25 6.25 19,12'A 19.25 18,75 4,10 2.65 27.25 19.00 35-50 34,12'4 34.62'/i Chicago mark«ts CHICAGO (AP) — Fam commodity futures on the Board of Trade came under heavy liquldaUon Wednesday after the United States government announced it ex^ts bumper com and wheat pwxhiction in 1974. Wheat futuiM fell the limit of 20 cents, and com was down 614 cents, Swbeans, on profit-taltlng and selling influenced by weaker com and wheat prices, fell Blik cents. Soybean meal was down about 17 a ton and soy oil doted mixed after the tiiwrby March option advanced the limit of 100 points, or one cent a pound-Uve cattle and pork bellies also posted limit declines, while live hog! fell almost as mudi and shell eggs closed irregular on the Chicago Mercantile Exchange. Silver futures fell again, notching a loss of more than six cents an ounce. Cotton fell the limit of *10 a bale and coffee eased ISO points. Cocoa, wool, copper and coffee futures were mixed, while orange juice futures advanced about ' 80 points, Crain close:    _ Wheal: Mar 5.47; May 518; Jul 4,S6*/i; Sep 4.S2; Dec 4.56, n: Mar Sep Com 1.64 Oats: Mar l.ST; i.S4>A; Sep l.Sfi^ii. 1.81; May Í.83V1; Jul 2,78H; Dec 2.K; Mar May 1.S7V4; Jul Stlver-Spot IM-IM.I, (Sapphed by Richardson Securities of Canada) Amr. TAT    S0.37'A    Woolwortri    H.7S Anaconda    26 25    Westlnghouse Elec,    24.25 Beth. Sl«l    34.87'A    U,S, S\m\^    W.2S Chrysler    17.75    G*n, T*l, eiac.    25,62'/t Comasi    33,7S    TORONTO AVERA<SES Dupont    163.25    20 Induttrlal* 210.76 up ,12 Gerwral Motor*    51 75    20 Gold* 553.41 up 25.17 Quit    22,l2'/t    10 Ba» Metals 102,46 up .64 int. Harvester    26.25    15 Wesiern Oils 265.60 down 2.15 Kenn. Copper    40.«7'A    volume 1,SSI ,000 Montgomery ward    2l.62'/i    NEW YORK AVERAGES S««rs    88.50    20 Industrial* 865,24 down $.76 Eitxon    S5.7S    20 Rails 189.49 down 1.01 Texas Gulf    32-87’A    15 UtimNrt »3.24 down .24. Texas Co.    27,12'/i    65 StocKs 274.45 down 1.58 Wl* Corporation    l4.87'/i    Volume »,170,000 Winnipeg grain WINNIPEG (CP) - All futures were easier in light trading at midsession today on the Winnipeg Commodity Exchange.    _ Rapeseed posted the biggest losses, dom the 20-cent-a'bushel trading limit in all but one month. Flax was as much as five cents lower in almost non-existent trade. Rye, which opened hovering unchanged from Wednesday’s close, dipped sharply by as much as SV4 cents at mid-session. Wednesday’s volume of trade was 461,000 bushels of flax, 2,5J6,000 of rapeseed, 713,000 of rye and no oats or barley. , Mid-session prices: Flax: May ly* lower 12.25A, Jly lower 11.30A, Oct. 5 lowtr 10,77A, Nov. unchanged 10.45B. Rapeseed Vancouver: Jan. 20 lower 8,05A, March 20 lower 7.67A, June 20 lower T,05A, Sept. 20 lower 6.S5A. Rapeseed Thunder Bay: May 10 lower 6.93A, Jly 6 lower 6.84A, Oct. not open, Nov. not open. Rye: May 7 lower J.38A, July 8H lower J.i0VjB, Nov. not open. WINNIPEG (CPI - Grain quotes Lethbridge, Vulcan, Calgary and Red Deer. The six B.C. delivery points are Crestón, Dawson Creek, Fort St. John, Groundbirch, Pouce Coupe and Taylor. Open quota okayed for durum wheat WINNIPEG (CP) - The Canadian Wheat Board says a quota of 10 bushds a quota acre for durum C has been authorized in 14 shipping blocks. The blocks are Biggar North, Biggar West, Edmonton North, Ednaonton South, Edmonton West, Hanna South, Hanna West, Medicine Hat, Brooks, Lethbridge, Vulcan, Calgary, Red Deer and Edmonton CP, Hog prices EDMONTON (CP) — Average prices to 11 a.m. Thursday provided by the Alberta Hog Producers Maarketing Board with Wednesday average in brackets: Edmonton: 46.55 (46.25). Calgary; 46.S0 (45,57). Red Deer: Nil (45.59). Lethbridge; Nil (45.56). Lloydminster: Nil>45.58). Fort Macleod. Nil 145-90), ■ Grande Prairie; Nil (45,12), Schwartz Agencies (1972) Ltd. Currencies MONTREAL (CP) - Thursday's mid-day foreign exchange nominal selling rates supplied by the Bank of Montreal: Australia dollar 1.48S Bermuda dollar 1.02 China renminbi .4925 France franc financial .1900 , Germany mark .3S30 Italy .lira commercial X01S2S Japaii yen -003320 Mexico peso .0805 Spain peseta ,0189 Swltierland franc .2990 United SUtes dollar .9955 United Kingdom pound 2,19 U.S.S.ft. ruble 1.3395 (Quotations in Canadian funds. Metels LONDON (AP) — Closing metals bid-ask in pounds sterling a metric ton; silver in pence a troy ounce: Copper—Spot 918-920: futures—9(H-905. Tin-Spot 2,910-2,930: futures ¡,848-2.850,    ■ Lead—Spot 248.5-249: futures Í53.S-254. Zinc—Spot 64&-«50; futures 574-57$, Wednesday basis Lakehead: Close Hith Law Flax May 122«?* 1201 Jly 113Z^i 1126 iiai'A Oct _ — 1072 Nov — — 1045 Rapeseed Vancouver S2S Jan 865 837 Mar sie 787 787 Jun 748'A ■ 7S 715 fUpeieed Thuader Bay 705 May 740 713 713 Jly — “ C90 Oct — 660 Nov _ 639 Rye 345 May 3S6 345 J!y 340% 329‘A Nov — 34« MORRIS PASHKOWICH Morris was our November Sales Bep — his worl< is happy and in the month he had six listings sell and he sold five properties — that solved eleven real estate problems for our customers, . The results show you why we are proud of being called the "Action Agency". Call Morris or any of the Action Team at 3283331, ^^roccssing *Sysfcms 1003 4th Avanut S., Itfhbridfle Talaphem 321-4436 ^erviceg 176.8-177-1; 3 months Oold futures WINNIPEG (CP) - Gold futures, U.S. funds, Winnipeg Commodity change close Wedncsdav, Jan 74 - lil.70A; Apr 74 - 1*5,75A; Jly 74 - 141.00; Oct 74 - 146,80A; Jan is - ISS.OOA. Tuesday's volume: 234 contracts. Beef fmuree WINNIPEG (CPt - Live beef futures close Wedtwsday. Mar - 54.4TA; M»V - S«,lflA; Jly -S5.1SN. Tuesday's volume: 10 contract*. SMART EXECUTIVES LiillTMrBitlMSSiidPirsMilCirs BECAU8I... •    LMtlng can b* !••• «xp«n«iv* than buying •    Laating )• tlin* taving and convanlanl *l.«aainB almplifl*» your tax racorda •    No cash Invattmani raquirad P«r nw    fMtt on MMtna Mn1a«t . aonit KOMiaHtNKOV. LMtlng and Inwranc* BENY CHEVROLET OLDSMOBILE LEAftINQ AND INSURANCE DIVISION 2nd AVI. Md fth ITBIIT t. W»n# 3a**1101 ) Nk’iví. i'jikíifí GH iVE ;