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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 4, 1974, Lethbridge, Alberta i vt The Herald- Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN 5 25 AND Foods 3 20 Alton Mm 95 Albany A Pfd 51 00 Alta East Yukon 6 75 STOCKS Gas A Ashland Gas Pfd 53 00 BP Nat Gas 1775 Brenda Metro 5 00 Cda Nat Gas 9 00 Cdn Export C Gas 1025 Cdn C B Pfd 00 Cdn Ind Pipe 9 50 Cdn Long Cda Pipe A Pfd 52 00 Cdn Cda B Pfd 31 75 Chieftan Pipe War 1 01 Dome Trans 1775 Trans War 2 10 Ft Giant GARY Gibraltar 35 Oils 06 Great Continental Grt Cdn Warner 25 Lochiel Lytton Noble Explorations 22 North Cdn Norsemmes 1 50 Numac 215 PanCdn 75 Pan Varden 15 Res 09 6 50 Place Mines 1 70 04 Ranger 09 Scurry 37 Standard 1 68 Copper 6 05 Total Brewing 4 85 Ulster Industries 08 United 1 60 West West Petroleum 28 Pete 15 Explorations 75 Acres Int I Res 60 FUNDS BC Sugar C 62 Cdn Compound 516 561 Block Cdn Dividend 5 37 5 84 Cdn Pac A Cdn Ventures 278 302 Carhrig A Growth Fund 3 98 4 37 Carlmg B G F Special 1 99 Commerce Invest Fund 4 28 4 70 Crest Mutual 441 4 84 Falcon Comnwlth 1197 F M Leverage 2 83 Int I 5 25 Home Oil Investors 5 28 5 80 Home Oil Invest Stock Fund 4 02 4 42 Hud Bay Fund US 9 16 10 04 Hud Bay Pacific 412 450 Hugh Russell C In Shares 2 56 Husky Equity 5 73 6 30 Husky Oil B Growth Fund 1029 1124 Husky Oil E Mutual 4 42 5 40 Inter Pipe Accum 5 34 5 87 Inter S Growth Fund 2 65 2 92 Kaiser Resources 3 89 4 27 Kaiser Res Cdn 480 527 Loblaw C W Growth 3 86 4 24 Growth 3 64 4 00 Pacific Mutual 6 36 6 95 Pac West 497 518 Pe Ben Growth 710 778 Royal Accum 3 94 4 30 Savings 6 94 7 64 5 40 5 93 Toronto industrials by Richardson Securities ot MINES Acme 10 Advocate Asb 1 10 Akaitcho 1 48 Bralorne 1 32 Broulan 41 Bethlehem 1100 Bovis 1 47 Brunswick 4 05 Can NW Land 4 80 Canada Turg 3 60 Cassiar 5 25 Central Pat 90 Chimo 1 13 Conwest 3 60 Cons Rambler 2 58 Com Lake 19 Cochenour 1 25 Craigmont 5 25 Dickenson Mines 6 75 Denison Mines 3950 D Eldona 37 Dome Mines 43 75 Discovery Mines 1 65 East Malartic 4 50 East SuJivan 2 40 Falconbridge 39 75 Frobex 19 First Mantimes 40 Giant Y K 1400 Grarduc 1 95 Hollmger 29 50 Hudson Bay A Hydrd Ex 60 Iron Bay 4 70 Iso 1 33 Joliet Quebec 24 Kerr Addison 11 25 Key Anacon 27 Labrador 28 00 Lake Shore 410 Langis Silver Madsen R L 1 36 Malartic G F 115 Martin McNeely 25 Machtyre 27 75 Meta 15 Midrim 14 Intern Mogul 6 Nu West Homes A 600 New Athona 22 New Calumet 22 Noranda A 36 75 Northgate 5 Norlex 20 Pine Point Placer Dev 18 00 Pax Exp 1 30 Quebec Man 20 Rayrock 95 Radiore 24 Rio Algom 24 50 Roman Corp 8 62Vi Sherntt Gordon 7 Steep Rock 1 45 Sunmngdale 6 00 Tek Corp A 305 Texmont 17Vz United Canso 15 Western Mines 2 40 WH Copper Mines 300 Wright Hargreaves 1 85 Willroy 1 51 Windfall 11 Yellowknife Bear 300 Zenmac 08 INDUSTRIALS Abitibi Alcan Algoma Steel 26 00 Atco Ind 1300 Jannack 6 OC Agra Ind 7 00 Bell Tel 40 25 Brascan A 13 BC Tel 52 25 Burns 11 25 BC Forest 14 00 BC Sugar A 18 75 Bow Valley Ind 1750 Cable 1325 CAE Ind 7 87V4 Carilng 0 Keefe 2 30 Chemcell 5 SO Can Cellulose 4 85 Cal Power 22 Coron Credit 3 00 C.VN Gas Pfd Cdan Ind 1975 Cda Marconi Z 82 Cdan Vickers Chrysler 15 CPR Commco 25 Cons Bathurst 25 75 Cons Gas 14 25 Dist Seagrams 35 Dom Bridge 43 75 Domtar 24 75 Dom Textile 9 87YZ Dom Stores 14 87VZ Dome Pete 24 00 Dofasco 28 25 Glen Mobile 3 50 Grt Cdan Oil 8 Gen Motors 47 00 on Lakes Paper 20 25 Gulf Oil 25 Greyhound 1525 Hawker Sid 5 Hiram Walker A 44 75 Huron Erie 21 75 Imperial Oil A 26 Imasca A 26 25 Int Nickel 25 lit Pipe 13 Inv Grp A 6 IU Int I 11 12V2 IAC 16 00 Kaps 2 03 Kel Douglas A 5 00 Laurentide 8 00 Loeb 3 25 Loblaw A 6 Metropolitan 11 50 Massey Ferg 15 75 McMill Bloed 25 00 Moore Corp 48 Molsons A 20 50 Molsons B 1775 Nachurs 6 00 North Cent 1025 Power Corp 1075 Price Co Peyto 4 85 Rothmans 11 Shell CDA 12 Simpsons 7 Simp Sears 11 00 Steel Can A 29 Selkirk A 1262V4 Texaco 35 00 Trad Grp A 9 50 Trans Mtn Pipe 1275 Trans Can Pipe 9 50 Union Carbide 1850 Union Gas 7 75 Union Oil 9 25 United Siscoe 5 00 Versatile Mfg 6 00 Westeel 1975 Wesions 2150 Woodwards A 22 25 Canbra Foods 3 20 BANKS Can Imperial 22 25 Montreal Nova Scotia 33 25 Royal 29 50 Tor Dom 34 00 A I Air I f Ijares I hiked WASHINGTON The U S Civil Aeronautics Board raised air fares on routes over the north and central Pacific Wednesday by four per effective July 15. The rates will not apply to flights between the U S main- land and Hawaii or Alaska Pan American World Airways says its fuel costs on the Pacific routes have risen to 31 Vz cents a gallon from 13V2 in early 1973 Trans World Airlines says its costs have jumped to 37 4 cents a gallon in the same period The increase means that passengers travelling between Los Angeles and Kong via Honolulu and Guam will pay for an economy up from Travellers between Honolulu and Hong Kong will pay for economy seats instead of tradeon TSE Mortgage interest TORONTO A person pays 26 interest on 74 of principal during the first five years of payments on a mortgage with an interest rate of 115 per re- payment schedules prepared by a Toronto mortgage com- pany indicate Robert a manager with Consumers' says the figures are startling but that most house-buyers do not fully understand how much interest they will have to pay on a mortgage His which prepares about amor- tization tables a month for potential says most people receiving the tables are not them as closely as they should A person borrowing at 11 5 per cent interest on the with payments amortiz- ed over 25 will even- tually pay to retire the debt During the first five he will pay a month for a total of but only about eight per cent of those pay- ments will help to retire the principal But Mr Yeaman says housebuyers can realize sub- stantial savings by prepaying their mortgages Using the example of a 000 Mr. Yeaman said that if the borrower add- ed to his monthly mortgage his total interest charges would be reduced by 06 during the term of the mortgage Increase price of newsprint VANCOUVER Crown Zellerbach Canada Ltd announced Wednesday a 50-a-ton increase to 50 a ton for newsprint customers in the British Columbia lower mainland and Vancouver Island The increase is effective Aug 1 for present customers and immediately for any new customers Crown Zellerbach newsprint prices in the B C interior and Alberta will increase 50 a ton to while newsprint sold in the United States will go up 50. TORONTO AVERAGES 20 Industrials 180 18 down 30 20 Golds 400 02 down 9 71 10 Base Metals 7564 down 26 15 Western Oils 17525 up 98 Volume New York by Richardson Securities of Markets closed due trt. litjlvr A Buy rapeseed TOKYO Marubeni Corp a major Japanese trading said today it has signed a contract with Comp- National Technique a french farm producers' to import tons of worth about million Marubeni said Japan has been importing rapeseed from Canada but decided to switch to the French rapeseed because the price is about a ton cheaper than Canadian Lower market price trend continues TORONTO Prices on the Toronto stock market were moderately lower in light midmormng trading The industrial index fell 38 to 180 golds 8.98 to 400 75 and base metals 49 to 75 41. Western oils rose 21 to 174 48. Volume by 11 a m was 000 shares compared with shares at the same time Wednesday MONTREAL Prices were mixed in light trading on the Montreal Stock Exchange today Volume at 11 am was 159000 shares compared with 194 600 shares at the same time Wednesday The industrial index dropped b2 to 190 92 the composite 51 to 181 10 utilities 34 to 122 58 papers 03 to 114 86 while banks remained unchang ed at 224 60 Dome Petroleum rose z to and Mean while Calgary Power dropped 'j Canadian Imperial Bank to and Bell Canada to Among speculative issues Lignens Mining Co dropped one cent to 52 on a volume of 21 000 shares traded VANCOUVER Prices were down in light trading on the Vancouver Stock Exchange Wednesday Volume at the close was 1 400 891 shares In the industrials Bell Canada was unchanged at 25 on 10 000 shares Tokar was unchanged at 25 on 9 584 shares Canterra was down 09 at 35 on Winnipeg grain WINNIPEG Vancouver rapeseed continued its downward plunge at mid session on the Winnipeg Commodity Exchange today as Thunder Bay rapeseed struggled to re main firm Flax was steady to marginally lower and rye tell slightly in a moderate trade Volume of trade Wednesday was 714 000 bushels of rye 439 000 of flax and 1 582 000 of rapeseed Mid session prices Flax July Vt cent lower 9 97A Oct 2Vj lower 9 753iA Nov one lower 9 45A Dec unchanged 910A Vancouver Rapeseed Sept 20 lower 733'i Nov 16'Slower6 52A Jan 14'A 16wer 6 March lower 6 10'AB Thunder Bay Rapeseed July one lower 7 49B Oct unchanged 6 50A Nov three lower 6 42A Dec no prjce Rye July lower 2 91A Oct lower 292 Dec 1'j lower 2 Mav no price Declines outnumbered ad- vances 102 to 56 with 165 issues unchanged Algoma Steel lost IVa to Cadillac Fairview to BP Canada to Dominion Textile Vi to and Bank of Montreal to Alcan gained to United Financial Manage- ment 15 cents to Market trends 5 000 shares and Grouse Mountain was unchanged at 50 on 3 961 shares Canadian Javelin was unchanged at 3 37 Vz and lonarc was up 03 at 55 In the mines Sonesta was down 05 at 82 on 132 700 shares Consolidated Fortune Channel was down 03 at 59 on 117 300 shares Laura Industries was 01 at 29 on 66 500 shares and Jackpot was down 01 at 15 on 65 000 shares Barrier Reef was down 10 at 60 and Arcadia Explorations was up 03 Jt in O.ir Payette was up 02 at 48 Revenue Properties four cents to and Canadian Cellulose five cents to Hudson Bay Mining A was down to Pamour to and Agmco-Eagle to Patmo N V was up V8 to and Crestland two cents to 20 cents Total Pete fell Vs to Pan Ocean rose to and Trans Can two cents to 77 cents on 30 000 shares Cop Ex Mining was down 04 at 31 on 28 700 shares Rainier Enterprises was unchanged at 40 on 25 000 shares and Seneca Developments was up 03 at 95 on 14 000 shares Alsaska Kenai was down 20 and Coynex was down 07 at NEW YORK Stock ex changes and commodity markets in the U S are closed today for the Independence Day holiday Normal operations will resume Friday Livestock Calgary Chicago markets Cl'ICAGO Gold prices in Furope fell to their lowest levels in f've months and this tended to influence selling of silver futures on lj S Exchanges Wednesday Losses on exchanges m New York and in Chicago reached 20 cents an ounce m both cities The expiring Julv options fell js much as 23 cents Sovbean and soybean oil futures ad vjnced to limits for one session on the Chicago Board of Trade Meal futures also closed on a strong tone with wheat corn and oats gaining three to cents a bushel beans rose the 70 cents a bushel limit oil advanced 100 points the limit and meal gained about a ton Cattle futures on the Chicago Mer b-xchange closed a hundredweight higher the limit after one s sell-off Pork bellies gained up to the limit of 150 points and live hog futures closed 10 to 88 cents higher Shell eggs gained 40 to 135 points in rather light trade When trade had ended on the CBOT Wednesday soybeans were 17 to 20 cents a bushel higher July 6 18 Chicago wheat was unchanged to 6 higher Julv 4 46 Gulf hard red wheat was not traded corn was 4 to 6 higher July 3 06 and oats were unchanged to 4 higher Julv 1 49 Grain quotes Wednesdaj Wheat Jul 4 4b Sep 4 42 Dec 4 47 Mar 4 5J Mav 4 52 Corn Jul 3 06 Sep 3 00 Dec 2 90 Mar 2 95 Mav 2 98 Oats lul 1 49 Sep 1 53'a Dec 1 Mdr 1 59 Mav 1 59 CALGARY Receipts to 11 a m Thursday from the Calgary public stockyards totalled 625 head steers weighing under 1 000 pounds and cows Trade was moderately active Slaughter steers sold fully steadj with steers weighing under 1 000 pounds discounted to Heifers were scarce selling steady with lightweights under pressure and dis counted to Cows met a good de mand at steady prices some higher Steers Al A2 495080 Heifers Al A2 40-43 Two sales to Cows Dl D2 3133 D3 26-30 D4 20-25 Qold futures WINNIPEG Gold futures U S Funds Winnipeg Commodity Ex- change close Wednesday 400-ounce contracts July 74 134 60B Oct 74 140 30A Jan 75 145 80A April 75 152 OOA 75 156 70A Tuesday s volume 67 contracts 100-ounce contracts Aug 74 137 OOA Nov 74 142 90 Feb 75 148 90A 75 153 60A Aug 75 159 60 Tuesday s volume 11 contracts Hog prloos EDMONTON Prices to 11 a m Thursday provided by the Alberta Hog Producers Marketing Board Wednesday s prices in brackets Edmonton 37 25 Red Deer 37 25 Grande Prairie Nil Hogs sold to 11 a m 2 hogs sold Wednesday 3 358 average 36 39 Sows average 20 50 Dollar valuo MONTREAL US dollar in terms of Canadian funds at noon today was down 150 at 310 Pound sterling was down 1 1 50 at S2 32 13 50 In York the Canadian dollar was up 1 50 at 02 77 100 Pound sterl ing was down 1 at 38 7-10 Qold prices LONDON Closing gold prices m U S dollars an ounce London 131 00 Pans 125 78 Frankfurt 134 17 Zurich 00 Hong Kong 132 88 Beirut 4 403 a roccssng OiC S ystems 1003 4th Avenue Lethbridge Telephone 328-4426 rocessngr 'ervices Gram quotei Wednesday I akchcad High 1 ow Flax 1011 947 Nov Dot 922' 996 965 940 900 Rapesecd Vancouver Sep 7-B'j 745 b68'_ 661'i Ian 640 Mar 627 625 Rapeseed Thunder Bay Jlv Oct Nov Dec Rye IK 297 Oct 288'j Dec 289 286' basis Close 997 978 946 910 753'A 668'2 644 627 750 650 645 589 292 U 29V 4 288 280 Beny Salesman win Sales Achievement Awards for 1973 Feed prices WINNIPEG Wheat Board domestic feed grain orices Wednesday 3CW Red Spring Wheat 3 No 1 feed barley 2 50 No 1 feed oats 1 77 Beef futures WINNIPEG Live beef futures close Wednesday Julv 49 SOB Sept 47 20B Nov 45 60N Jan 44 ION Tuesday s volume Two contracts Pictured above from left to naht are Alex Tokanuk. who received the Senior Salesmaster Gerry General Sales Murray the Grand Salesmaster G W General Steve Salesmaster Milton C Assistant Sales Chester the Senior Salesmaster and Bill the Senior Salesmaster award These awards are presented yearly by General Motors of Canada for exceptional sales achievement and service to the public. All of us at Beny's offer congratulations Deal with Beny you'll BENY CHEVROLET OLDSMOBILE CHEVROLET OLDSMOBILE CADILLAC CHEVELLE NOVA VEGA CHEVY TRUCKS 2nd Avenue and 8th Street South Phone 328-1101 In they say C.C. It's Andalusia lor the truest and San Sebastian for the most skillful but for the finest You find it just about everywhere in Canadian Club. It's nice to know the world can get together about something. Around the when people think of the smoothest they think of Canadian Club. Tht Ilimt of Canadian whiskies It Best In The in 87 Afghanistan Algeria Antigua Aruba Australia Austria Bahamas Barbados Belgium Bermuda Brazil Canada Canary Islands Ceylon Christmas Island Cosla Rica Denmark Dominican Republic Ecuador Ethiopia FIJI Finland France Greece Greenland Grenada Guadeloupe Haiti Hong Kong Iceland India Indonesia Iran Iraq Ireland Jordan Kenya Korea Lebanon Libya Malta Mexico Morocco Nepal Netherlands New Guinea New Zealand Norway West Pakistan Peru Philippines Poland Portugal Puerto Rico Sierra Leone Solomon South bpam Sudan Sweden Switzerland Tahiti Tanzania Thailand Trinidad Tunisia Turkey USSR United United Uruguay Virgin Yugoslavia and Zambia Canadian Club is distilled and bottled In Walkerville by Hiram Walker A Sons Limited ;