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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 31, 1975, Lethbridge, Alberta Friday, January 31, 1975 THE LETMBRIDGK HERALD 31 Herald- Business Prices down sharply TSE profit-takers active Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited TORONTO (CP) Prices on the Toronto stock market dropped back sharply in moderate mid-morning trading Friday, continuing the profit-taking trend of the previous session. The industrial index was off 1.44 to 178.24. It lost more than a point Thursday after an eight-session gain of 12% points. Western oils eased .21 base metals .07 to 66.21. Declines more than doubled advances, 74, with 184 issues unchanged. Volume by 11 a.m. was 000 shares, down from the at a.m. Thurs- day. Thompson Paper Box fell to Mean to Com- inco to Massey- Ferguson to and Moore to Alberta Gas Trunk A Vt to Gulf Can- ada to and Na-Cliurs International 14- to Camflo Mines gained to Consolidated Canadian Faraday 10 cents to and Yukon Gold seven cents to fl.1'5. Falconbridge Copper to Canadian Superior dropped OILS Pe-Ben Oilfield A to pan Ocean was UD VK to 'x MINES Royal Trust 23.37'A Afton Mines 3.40 Sandwell rose 1.01 to 372.12 Canada lost to P aMsssssssssssssssssssssssssssssssssssssssssssssiTV Oil .28 Teledyne East Gas Traders PId Trimac 4.75 Asamera 9.00' Wesllield Min trends mLwHaixsl Oil Weston A PId 48.50 BP Canada 10.62'A Whitepass Yukon MONTREAL (CP) Pr In the industrials, Newmark was up Bison Petroleum up .10 at Cuseka Mines 3.20 PIPELINE in all sector? Friday on H at SI. 39. In the mines, Grandora up .18 at -Stampede up .03 al .67 IHBI South 2.30 Alia Gas A Stock Exchange in up .10 at .61. In the oils, Hand A ;iud Princess unchanged at .20' a. Cdn Export Gas 2.35 Alia Gas Pfd called a readjustment of unchanged al .75. Curb volume was 719.400 shares. Modern steel Homestead 3.30 Alia Nat Gas 15.75 Cdci Ind Gas 6.87'A Gaz Metre 5.50 Cdn Long Island .14 Gas Metro A Pfd after a lengthy advance. Volume at a.m. was curb exchange had a vo uine of Olympian unchanged at .40. Maims 18.500 shares. Consolidated Monarc i Petroleum up .01 at .16; Cadet A view of the single-man control pulpit for Europe's most modern steel Superior 27.75 Inland Nat Gas S.OO Chifcftan Dev 6.50 N S C Gas compared with up .02 at .39. Resources unchanged at .35; Prices were up in heavy trading Pet rawest up .04 at .53; Dorehes er up rolling mill at the British Steel Corporation's Shotton Works in North Wales. Pete 23.00 N S C B Pfd 21 dropped 3.5H to 240.IU, Closing volume was 2.G78.- .03 at .21 and Granger down .03 a .32. new mil! is the biggest of its kind in Britain and will increase the total cold rolling production at the Shotton Works to 1.6 million tons a year representing Tr-Cda Pipe Nulorl Res .14 Tr-Cda A PId 56.50 Giant Mascot .60 Tr-Cda B Pfd 31.75 L Gibraltar Mines 4.10 Tr-Cda Pipe War 1.77 to 181.99. the composite 1.63 to 178.98, papers 0.71 to 106.41) and utilities 0.27 to shares. !n the industrials, Venture was 01 NEW YOKK {AP} _ Thc stoch at .33; Block Bros, down .15 at market shrugged off some ear v jro ii- quarter of the Country's total rolling and finishing 13.00 west Trans at S43, Rnyal Hank ;i( unchanged al S1.35; .ancer bpg.in again -Viday Shell Canada at at SO.SOand EDI1 Industries Minerals 1.18 North Cdn Oil 3.35 speculative issues, Consolidated Summit was'up half a cent at .09. Thc noon Dow averagc of In the mines, uranuora up .21 al .60; industrials was up 'i 28 at 6D9 70 11.62'A Acro" cents on a volume of un 12 at "i4' Da lion un 07 it r conipoS1te index rose .17 10 40.69. Among Canadian issues on the Pete 5.50 Northair Mines Camnbell Red Lake was uo OTTAWA (CP) The long- sea shipping fleet. The report was tabled in Pete .62 LlVeStOCk to and Dome Mines 10 awaited Darling report on The fleet was abandoned Commons Thursday by Canso 7.50 Westcoast Pele 4 10 Sllver Standard was down to nter- possible re-establishment of' after the Second World War port Minister Jean Decalta 415 Valley Copper Nickel -Vs and Massey IdrV Ferguson VB to the merchant marine has urg- when it was found that it was Mr Marchand Industries Pacific was unchanged at ed the government to review more economical to use ships rep0rters tnat while the its policy on a national deep- registered to other countries. report prepared by H. Wartalr 1.25 Aqultain'e 1825 August Petroleum (CP) Receipts to 11 a.m. Friday at the Calgary 35-30.75. Good feeder heifers Slfi> more than 550 pounds: 27.50-29.3 a consultant who has been studying all facets of Sugar C PId 11.50 Plains Pete .12 Block Bros 3.20 Stampede nl Resources .68 Canbra Foods 3.00 MUTUAL totalled 575 head, mostly feeder cattle and stock calves. calves: 25-29. HOBS f.o.b. to 11 a.m.: 55.42. CHJCagO m T _ "I shipping makes 29.25 SllcdS'DMdBnd i CclFJJO recommendation that mw All Cdrl: Ventures slaughter steers or heifers nriCfiS CHICAGO (API Farm commodity J merchant marine fleet be BPd 2212V, Ameiican Growth Fund to 11 a.m. 'A few cows traded futures closed on a mostly lower one established, "the Cap .Special 2.00 Creslbrook Forest 3 80 cdn- Fund prices. Good bulls remained the Chicago Board of Trade Thur-WINNIPEG (CP) Wheat board sday. Ql f 1 1 n 11 is that he favors Indus 21 JM Commonwealth DI. D2: 17-19. D3: feed grain prices Thursday: Final losses were paired, compa -ed CU.J. U.-1-l V He declined comment on Copper 7.87V, on Leverage CW Red Spring wheat 4.74Vi; No. to declines in the major pits ear v in M Trust 4.50 baton mtl venture barley 2.663'i: No. I feed oats the session. own reaction to the report. MONTREAL (CP) Ralph Air Canada's sixth 747 jumbo fje said, however, that tech-T. Vaughan, president of Air jet in a fleet of 111 aircraft, nological advancement 1782Vi Corr> Investors 5.30 Home Oil A 23'50 Co'P lnvesl Slock Fund 3-97 Home Oil B 21 62V, Dreylus Fund U.S_ 8.69 Hud Bay Co 1550 Grouped Income Shares .cattle consisted mostly of good-condition steers and heifers, meeting a broad demand at via. While there was some bullish news that tended to bring support into the pits it was never sustained enough to Canada, unveiled a new-style differs from other convertible quiring only a small crew Bay Oil 25.37V, prices. 'One package of permit a strong gain. Talk on t le floor passenger-cargo jumbo jet or combination aircraft in even the largest vessels Thursday and reported that that passengers ride in the makes a domestic shipping projections indicate air cargo forward part while cargo can fleet attractive, will grow at a faster rate than be carried in the rear of the Earlier, in a prepared Bav A PId 3100 investors Growth Fund 10.40 Hugh RussC PId 5750 Investors Mutual 4.97 Husky Oil 16.87V4 Mulual Accumulating 5.08 B PId 32.62V, Nat. Resources 3.55 Husky Oil E War 5.00 Jdn- Inter Pipe War 2.16 N.W. Growth weighing an average of 839 pounds sold at 32.40. Feeder steers more than 750 pounds: 36-39; under was t'1'11 "1C> government had not gone far enough in easing export restric-lv THE CANADIAN PRESS Wetlnosday. The disappoinlmont 'Canadian Cabksyslcms Ltd.. three pressed ,n additional sel ing be-months ended NnV. 30: 1974. close. passenger traffic up to 1985. cabin. ment, he said Canada ranks "Air Canada is evolving The or 747-200 seventh in the world in the use with growth in the cargo is the first of its kind Of ocean transportation. field." Mr. Vaughan said at a off the Boeing production line ..pew Carladians reaiize news conference aboard the and Mr Vaughan said it will how dependcnt we are on WO-rnilhon Boeing 747 com- add flexibility to the Air ocean shi j to out bmatton passenger-cargo air- Canada fleet after the airline t t rts liner. takes delivery and puts it into fof about J20 cent ot S8P 1550 Principal Growth 3.48 Kaiser Res 6.75 Ftoyfund 5.09 Kaiser Res War 3 90 Templeton Growth 6.93 Loblaw C PId 26 25 United Accumulative '3.81 Magnasonics V95 Universal Savings 7.02 Pacific Pele 17.62V, Vanguard 4.22 Toronto mines, value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Friday was up 3-24 at 47-50. Pound sterling was up 19-50 at 17-20. In New York, the Canadian dollar was off 3-25 at 51.00 3-50. Pound sler -ing was up 1-10 at cents a share: 1973, 25.2 'f1" "f scsslon- when soybeans had fallen about 15 cents and wheat H Canadian Vickers Ltd.. year ended s-me trade sources thought that Nov. 30: 1974, a share; fqlT6n ml8hl slmv 1973, 53.81. soybeans become more attractive in Coseka Resources Ltd.. three lrom !irazl1 whlch months ended Oct. 31: 1974, no "us week, and wheat from per share figures available: 1973, Australia or subs dized S56.378. trance. Dealings were rather mixed Oflicials gave reporters a service in the spring. Kross national product hangar demonstration of the Air Canada now has seven Mr said he is es. cargo-handling facilities of large aircraft in all-cargo tablishing irnmediately an the .airliner, which arrived at six DC-8s and one interdepartmental by Richardson Securities of Canada) MINES Burns 10.62V, .08 BC Forest 14.75' Advocate Asb. 1.35 BC Sugar the session hut mercial participation tapered ofl after pllCC5 noon. There was a small attempt at a rally in the soybean complex in the LONDON (AP) Closing gold closing minutes but it was not effcc- Montreal International Air- and they account for a headed bv Rov Illine port Wednesday night from million ton-miles a day. administrator of the transport Morocco, flying the colors of Mr, Vaughan said the Combi department.s marine both Air Canada and Boeing will be .used in the spring 1.45 Bow Valley Ind 12.62V, Bralorne 1.30 Cable 12.75 Broulan .36 CAE Ind 7.08 Bethlehem 9.00 Cal Power 24.12V, Bovis 1.25 Canbra Foods 2.90 Brunswick 3.75 Can Cellulose (CP) Oilseed prices fell as activity picked up through mid -session Friday on the Winnipeg Commodity Exchange. Rapeseed eased as much as Thursday in U.S. dollars per live, ounce futures declined up to S3 in very 177.00 slow Irade. 182.84 I77.8H At the close, soybeans were 5 cents a 178.25 bushel lower In 1 higher, March G.21, under a special arrangement summer with its NW Land 3.35 Carling O'Keefe a bushel; flax nine cents. 174.80 wheat unchanged to 3 lower, March between the companies. passenger configuration, ae-The which can op- comodating 365 passengers, Oov't Tung. 310 Chemcell 3.85 Cassiar 4 05 Coron Credit 1 55 Central Pat. .92 CWN Gas Pfd were slightly lower, with the exception nf a fractional gain for one near month of feed per kilo 3.88. corn 2 to 4 lower, March 3.16'.i and oats '4 lower to 3 higher, March 1163' i. erate as an all-passenger jet- on transatlantic routes, liner or be quickly converted fa" oft to carry half-passenger, half- "I .90 Cdn Ind 19.25 Conwest 2.55 Cdn Marconi 3.35 Cons. Rambler 1.65 Cdn Vickers 14.25 Coin Lake .16V, Chrysler 11.25 Cochenour i 15 CPR volume of trade was bushels of feed wheat, of oats. of barley, of rye, 99.000 of flax and of _ Grain close Thursday: GOld fUtUreS Wheat: Mar 3.88: May 3.75: Sept 3.82: Dec 3.92. Corn: Mar WINNIPEG (CP) Gold futures. May 3.19; July 3.17ft: Sept freight Joads, established a n f recordforjumbojetsJan.il, rQlTQllTld firm S aCtlOH flying miles from the Boeing plant in Seattle to Am- OTTAWA (CP) It was 3.35 Cominco 26.25 Dickenson Wines 6.75 Cons Bathurst 25.50 Denison Mines 43.50 Cons Gas 15.62V, D'Eldona .29 Dist Seagrams 35.00 Dome Mines 4650 Dom Bridge 21 session prices: Thunder Bay rapeseed: May 11 lower 7.27A; July, Oct. and Nov. not funds. Winnipeg Commodity Ex- Doc Mar 2-90. Oats: Mar change: I.ft3'-i: May I.fiOVj; July Sept 400 ounce contracts: !-Su- Dl-'C 1.53. Jan 75 177. OOA; April 75 man, Jordan. The non-stop efiJJ fill Canada's interest for United flight took 14 hours, 24 91111 lit, Aircraft of Canada Ltd. Mines 2.10 Domtar 19.25 Easl Malartic 3.30 Dom Textile 6.87V? East Sullivan 1.65 Oom Stores rapeseed: Jan. 12 lower 7.43A: Mar. 13 lower June lower 7.27 Sept. five Jan 76- 19I.50A. Wednesday's volume: 257 contracts. HllllUUIlUtllllOni! minutes. shift 28.50 Dome Pete contracts: Mr. Vaughan said the plane, I J I production to the 'United fmfirtt f I .17 Dofasco 24.00 First Maritimes .36 Glen Mobile 1.55 Giant Y.K. 1000 Grt Cdn Oil May nine lower 850; July seven lower 8.33A; Oct. and Nov, 75 176.10: May 75 180.10; f Aug75 I84.80A; Nov 75 189.60A; Que., plant, 1.30 Gen Motors 38.25 Hollinger A 2750 Grl Lakes Paper Feed wheat: May 'A higher 3.75B: July and Oct. not open. 76 194.20B. Wednesday's volume: 106 contracts. (CP) dustry Minister Bay A 15.25 Gull Oil May and July not open. __ commitments by Gillespie said Ex. .52 Greyhound lower 2.86A; July v ALBERTA ROCK WOOL CORP. Canada Ltd. to a Replying to Commons oil sands tlons Ed Broadbent, extraction plant in northern New Democratic Bay 4.80 Hawker Sid 5.25 ISO 1.00 Hiram Walker A 38.3714 Joliel Quebec .25 Huron Erie 25.00 Kerr Addison 10.75 Imperial Oil A 26.87V, Key Anacon .23 Imasca A Oct. not open. Oats: May one lower 1.87Vz; July one lower 1.85; Oct. not open. Rye: May 5.a lower A: July unchanged Oct. not open. Grain quotes Thursday bills OTTAWA (CP) New 91-day can only come follow- parliamentary leader, he 29.50 Inl Nickel bills issued Thursday: consultations with the the government knew Silver .13 Inv Grp A Low at an average price of 98.430' v and federal govern- March that the R.L. !ss IU Int'l an average yield of 6.40 per cent. m a company spokesman intended to move work to G.F. 1.02 IAC Ltd 18.50 Martin McNeely ,27Vj Jannock 860 853 859 Jly 841 840 week: million at average price of 98.462 and average yield of 6.27 Thursday. U.S. parent's plant in 42.00 Kaps cent. jmjUUKip ,iov, Kel Douglas A million at an average A _ HHF spokesman's comments The company was struck .11 Laurentide 862V, Intern Mogul 3.15 Loeb Thunder of 96.828 and average yield of 6.57 OSCBf E. Regier, B.SC, aflfflr announcement that the United Auto Homes 6.50 Loblaw A cent. Last week: million at Mr. P. J. Borowski, Branch Alberta Energy Resources Union in January, 1974. Athona .20 Metropolitan 12.50 New Calumet .16 "Massey Ferg 717 'Oct price of 96.975 and average Manager ol Strong, Lamb S Nel-jield of 6.26 per cent. son Ltd.. Consulting Engineers. Board (ERCB) moved production 32 00 McMill Bloed 24 approved plans by Canada last fail, but has Moore Corp f and five other oil sequently returned most of 14 Molsons A 16.62V, Pine Point 28.25 Molsons B 755 Mar 739-Vj nounce that Mr. Oscar Regier, mL for -the extraction Mr. Gillespie said the com-plant, 48 miles north of Fort pany move was necessary Dev. 1550 Nachurs 812V, Pax Exp. 1.25 North Cent 10.75 Quebec Man .15 Peyto 745 730 743 Spt imports direct brid9e in the oil sands protect Canadian jobs and to region. meet existing orders for .93 Power Corp 9.12V, Radiore .17 Price Co Rio Algom 24.25 Rothmans 11 May 276 273 Jly 270 Mexico to you Pot- A nalive of Coaltlale. Aibena. tprv vasps elaliiarv Mr" Re9ier graduated from h- M t LJ- L lhe of Calgary in 1972 Corp. 11.25 Shell CDA __ __ etc. High mark- and served as a Special Projec s David Petrofina spokesman United Air Craft has receiv-said, "now we have to study ed million in government new cost and development aid, contracts clarify our positions with tabled in the Commons Mon-Alberta and then with the day Gordon 6.25 Simpsons 7.75 Steep Rock 1.16 Simp Sears 10.50 Sunmngdale 3.05 Steel Can A 28.00 -Tek Corp. A 2.90 Selkirk A <3.50 Texmont .18 Texaco 32.25 United Canso 7.62V, Trad Grp A 13.25 Western Mines 1.66 Trans Mtn Pipe Mav 288Vz 286'.i Jly 283Vj Oct 272 Oats Mav 189 good volume, ideal Engineer on Foreign Assign-additional line for estafa- ment under the auspices of Cana-lished retailer S5 000 00 dian University Service Over-required for i'nitial seas (CUSOI with the Drainage stm-k anH qnn cr. It 1 and Irrigation Department, Sov-StOCk and 500 sq. ft. Of ernment of West Malaysia. Mr. William Walsh, president ol Coynex Development Limited, is pleased to announce the appointment ol David Meisner as a director of Coynex and government. "These Mr. Broadbent questioned steps will be taken in due how a shift of 75 per cent of its course." Canadian production Copper Mines 1.55 Trans Can Pipe 10.12V, Wright Ha'rgreaves 1.06 Union Carbide 16.50 Willroy 1.35 Union Gas 8.75 Windfall .12 Union Oil 9.00 Yellowknife Bear 2.40 United Siscoe 186 Ocl 182 'A Corn Basis Montreal Mar SD3C6. Mr. Regier will serve with the Box 1 12 LaHibrldgi H.nld Divlsion ing director of Alberta Rock Wool Corp. Ltd., effective spokesman denied r'u- t .Q6V, Versatile Mfg 6.50 INDUSTRIALS Westeel 362 Jlv .__ Petrofina was no longer Lolovmpnt Mr 937V, Westons Alberta Rock Wool is a newly acquired, wholly owned the multi-million 1875 Woodwards A 22.12% Algoma Steel 28.50 BANKS Atco Ind 1575 Can Imperial ,177 374 374-'A Jly Now Available sidiary of Coynex, engaged not meet orders, then Ind Montreal industrial and home insulation formats of high quality rock wool Its acquisition hsvsn t cancelled our the long run there would be fewer jobs in Tel 45 87V, Nova Scolia 38.00 Brascan A 12 75 Royal 29.37V, BC Tel 52.50 Tor Dom the widening interests of the ex-. pandihg Coynox MONTREAL (CP) Friday's mid day foreign exchange selling RENT-A-CAR 1 With over 18 years by the Bank of in rock wool production and sales. Mr. Meisner brings unique qualifications to his new responsibilities of production and sales supervision and overall plant DANCE by Richardson Securities of Canada) Amr T S T 48.50 Westinghouse Elec 1087V, Anaconda 15.25 US Steel 4675 Beth Steel 31.00 Gen Tel Elec dollar 1.0100 China renminbi .5570 Denmark kroner .1840' France franc .2375 Germany mark .4375 Hungary forint are inviltd from cupibkt, builneu applicants inlereslxl in opening an Airwiyt Renl-A-Car