Lethbridge Herald, The (Newspaper) - January 28, 1975, Lethbridge, Alberta
Tuesday, January 28, 1975 THE LEI HBffKH'F HF.BALO 19 II L 1 Tlui have to renegotiate purchase Wall Street helps llu TOE prices gam faces contract TORONTO (CP) The To- Trading was halted in (CP) Syn- Sweden, the United Kingdom, must know by Jan. 31 whether ing participants decide to crude Canada Ltd. officials Italy and other countries. governments or other oil com- carry the project forward at a say failure to make substan- "Many of these contracted panies are going to step later to reSDOnd to a nowerfiil Wall ih., nf Street rally Tuesday, rolling company, pending an an- 1 up another impressive gain in nouncement. The stock last _ 1 active mid-morning trading. traded at C 1 Toronto's broadly-based in- 1 dustrial index was up 2.02 Moore rose to 1 points to 181.54, following Alcan to Molson A Miscellaneous Monday's closing gain of 3.72 to Pacific Pete to points, largest since early oc- and B-C. Telephone YZ to Vancouver, Calgary, progress payments early orders include sizeable forward with the billion 'Company officials say the in February will force the oil progress payments or front- needed to keep the project delay "might cost Canadians s a n d s c o n s o r 1 1 u m to end charges which must be going. more than the value of the its purchase met by the end of January or billion project for the contracts resulting in delays by early the Syncrude officials say that purchase of imported oil on of up to five years in the spokesman said, declining to if new participants are -not the international market The delivery of plant equipment. state any firm figure. found to invest in the oil Alberta Chamber' of A Syncrude spokesman said Frank Spragins, Syncrude recovery project in the Commerce estimates that Midland Doherty firm has 500 orders with president, says the numerous Athabasca oil sands by the current international Declining interest rates Denison Mines was up than 300 suppliers and orders for plant equipment start of next month, the pro- prices the value of have fuelled the week-old ral- and rjynasty Vi to WESTESN OILS Hud 8ay Co in Canada, the and materials are the major ject might be delayed up to Syncrude's production in lywhch has lifted Toronto in- Allon Mlnes 325 Hud Bay A Pld States, West Germany, reason why the consortium five years even if the remain- years might amount to levels since mid-August. Toronto Dominion Bank fell Gas Oil a The western oil index added tn FalnnnhriHoe Almm8X Husky oa B Pld Oil Ltd., Gulf i nc ii IIJUCA "M ID r djcunoriuge Asamera 8 Huskv Oil E War 1.66 to 157.38, but golds fell Nickel to Camflo Ashland Oil interprov Pipe War Ltd., and 6.14 to 377.10 and base metals Mines Vt to and Numac BrendTMines 132o steel .33 to 84.71. Oil to Oda South 2.'39 K Re? War lob Cdn Ex .Gas 2.51 Loblaw Co C Pld 11 f cities Service Ltd. say they A Inprtfl JprtlllZPr are prepared to increase their mWIZI JJI participation to billion, Cdn Homestd 3.50 Magnasonics 1 cannot fill the Cdn Ind Gas Oil 6.87VS Pacific Pete Market trends le-Ben Oillleld Serv tab in other areas MrtntTDG'A, Chieftan Dey Sandwell Richfield Canada Ltd. MONTREAL (CP) A sectors NEW YORK (AP) _ Slocks were Dome Pete Teledyne higher in moderate trading on the moderately higher Tuesday after a Traders Grp Pld 10.37V4 Montreal Stock Exchange Tuesday. wild morning of rush buying and profit QteJl 61 S'T Legislature Bureau lower prices than the rock America are paying a ton withdraw as a partner. EDMONTON Alberta fer- now costs. Imperial has said for the same fertilizer, mak- Another problem is that Industrials rose 2.26 to 184.116, the taking in the wake of Monday's record Gibraltar Mines 4Jrj WestonAPid prices are running one reason for stiff fertilizer ing Alberta prices possibly the tne contracts have to to 13S48 papers 0 96 to 10669 and rt. i f on p, rvi c Wnite Yukon a ton below prices in price hikes is the cost of the lowest in the world, he told renegotiated, the tu ivu.w anu jfie noon rjgw Jones average of 30 tat udn Oil S PIPELINE STOCKS banks 0.29 to 245.91. industrials was up 2.51 at 695 17, and Lcchiel Ex 1.24 Alia Gas Trk A 12 Canadian Tire A added IV, to gainers held about a 3-to-l edge on Won Mln 1.10 Alia Gas Trk Pld western United States and phosphates. the legislature. orders would be delayed, eastern Canada, Agriculture Dr. Homer said it was not Moves by the U.S. to Bell Canada to and Asbestos al lhe New Yoril Ex_ North Cdn Oil 3.45 Alta Nat Gas Hugh Homer told the the government's business to Tne agriculture minister develop its coal reserves Corp. to chance Numac Oil Gaz Metro 600 Pan Ocean Oil and Montreal Trust Nvw lirlor ran ai h Psncdn Pete 10.50 Gas Metro A Pfd 5000 Monday. negotiate what companies pay also to'd Leighton Buckwell placed tremendous each lost to to and respec- f.., ?Cea" lnland Nat Gas he failed to answer for the rock but that in (SC Macleod) that as of on the two manufacturers lively and Maritime Telephone 'J? N 1 C ial P.d queries from New .general the prices have- Jan- I7. million has been the draglines which will dropped 'A to even the frenetic pace of Monday, Place Gas .30 Trans-Ccfa Pipe MLA Grant Notley jumped to a ton from distributed under a program used in Syncrude's when the NYSE was en route to a Trans-Cda A Pfd 5775 solidated Summit Mines was unchang- record 32.13 million share day. By g'ngerOII 18-62VS Trans-Cda Pipe B Pld 30.25 ed at 18 cents on turnover of noOn however the taue had caucht UD 3'50 Trans-Cda War i Imperial Oil's fertilizer Alberta fanners are paying to nelP cow ca'f operators, operation, costs. Mr. Notley could not a ton for fertilizer which Tne average loan has been Syncrude officials said sharps noon, nowever.tne tape naa caught up Seibens 8.12Vz wr Trans 91 sri with trading on the floor from the minister costs western American Effectively were fortunate that VANCOUVER (CP) Prices were me MUUI. bpoonsi ,25Vi WC Trans War 240 rfnwn in lioM iraHinJ MnJiVmTHui American Telephone it Telegraph, To al Pete Imperial still had two farmers and eastern demonstrating that smaller orders were placed some down m light trading Monday on the lhe mmt stock ,61 remaining in a contract Canadians Dr. Homer operators are the prime ago for the huge t AHA 009 i, K'xcnanSe- volume igj fjygg'g most-active list, up te Un ted Canso 7.75 Acroll .34 was shares. j West Pete 4.10 Barons Oil buy phosphate rock at said. Farmers outside North beneficiaries, Dr. Horner which cost about Prices were down in light trading AI ihi West Decalta 4.20 N. Continental .01 Monday. Volume was 2 564 922 shares American Stock Exchange, Western Warner In the industrials. Pace' Industries market-value "ldelc rose -65 MISCELLANEOUS led trading unchanged at 54- Grouse INDUSTRIALS MINES Mountain uo k Brokers said the market was moving Acres Ltd 750 Bathurst Norsemines 1.16 ssgssgaw: SSE.OP- if? propose at J3.40; Kaiser Warrants up .60 at lumpeu ffl.oo points. Canbra Foods 290 Lornex lssu's Tuesdays A9.r.aTn.cl w Novascotia ss.so down 25 cents from Monday's S vnrHv further Information, call or return rivH midday foreign exchange selling rates n A Royal 29.75 below supplied by the Bank of Montreal: Brascan A 13.00 Tor Dom 38.50 dose. Ford Motor Co. said S "reminbi ssT V 1 In London, the five major Monday it is extending 8 Sa7k Toner .1840 New York gold .dealers fixed the price its rebate offer or. small Resident Manger 709-4th Ave. South, P.O. Box day prices in brackets. France franc .2375 for- morning trading at ft cars and some light Edmonton: 53.55 Germany mark .4375 (Supplied by Richardson Securities of Canada) below the Hnsinu nriro trucks to all Alta. T1 J Calgary: S3.55 ilaly lira .001600 H ft: hv Pph 1 (403) Lethbridge: Nil Japan yen .0034015 Amr'TJT 48'50 Westinghouse Elec Monday. naue py reo. j, Fort Macleod: Nil (53.75) Mexico peso 0805 Anaconda 18.00 U.S. Steel gardless of when Hogs sold to 11 a.m. today. Netherlands guilder 4200 Chr 1 11 Sen Tel Slec 21.62'A U.S. dollar was sellinir Hogs sold Monday Avenge Spain peseta .0185 comsaT TORONTO AVERAGES in Paris this morning for Under the 54.69. Sows average 31.60. Sweden kroner .2550. Dupont '93.50 20 Industrials 181.18 up 1.66 about 4.26 French franrs w i Switzerland franc .4200 General Motors 39.62% 20 Golds 377.09 up 6.15 terms Ford S United States dollar .9995 Gulf 21.26 10 Base Metals 65.26 up oner, only j United Kingdom pound 2.42 20.50 15 Western Metals 156.25 up S delivered by Feb. 28 NO OBLIGATION ruble U545 MmlgomefyWard le.'i'A 1'887'000 bell interest Sold were eligible for the WINNIPEG (CH) Gold futures Quotations in Canadian funds. Sears 60 25 NEW YORK U.S. funds, Winnipeg Commodity Exxon 73.12V4 20 Industrials 696.40 up 2.73 NEW YORK (Renter) i change: Texas Gulf 26.12W 20 Rails 158 76 up i.96 American Telephone and I" order to meet that Dalllir valiiA 11 w% es up i 31 Telegraph Co. (A.T. and T.) .g; requirement, customers IK60 j wooiwortu volume nas sold its remaining interest g virtually forced to 76-191.WA. MONTREAL (CPI u.s. dollar in in Bell Canada, the company SS 51 cv trom, Friday's volume: 340 contracts terms of Canadian tods at noon Tuts- said Monday g: dealer Stocks because of JJ HI-OUNCE CONTRACTS: day up 3-50 at 1099 31-50. Pound CamliMM A T and T sairl it has enlH lime Ia8 Ordering 78 -177.00; May 75 -1W.60; sterling was off 1 9-20 at J2.37 'do OOT H S: 3 Car to be built and S: In New York, the Canadian dollar By THE CANADIAN PRESS H17 a share; 1973, "1C iW.SWZ Shares It Held Itl j n Jj 76 195.00A. was down 3'-50 al 11.00 19-50. Pound Alc.n Aluminium Ltd., year ended Packers I.m., 39 weeks Bell Canada to Canadian and SECURITIES OF Friday's volume: 114 contracts. sterling was off I 3-5 at B.M 2-5. Dec. 31: 1974, U.S. funds, ended Dec. 28: 1974, other foreign investors.