Lethbridge Herald, The (Newspaper) - July 5, 1974, Lethbridge, Alberta
juiy THE LETHBHIDQE HERALD CONSUMER PRICE INDEX 63 65 67 69 The Herald- Worst almost over TORONTO Prices on the Toronto stock market were fractionally higher in moderate mid-morning trading. The industrial index rose .05 to golds 2.34 to 404.76 and base metals .27 to 76.26. Western oils fell 1.10 to 175.49. Volume was shares compared with shares at the same time Thursday. MONTREAL Prices were mixed in light trading on the Montreal Stock Exchange today Volume at 11 a.m was 143.200 compared with shares at the same time Thursday Winnipeg grain WINNIPEG Vancouver rapeseed continued its plunge to maximum limits at mid-session on the Winnipeg Commodity Exchange today wmle Thunder Bay rapeseed sellers struggled to keep their commodity prices firm. Flax had little action at scale-down prices and rye was generally easier with some sharper losses in the nearby futures Volume of trade Thursday was 567.000 bushels of 1 233 000 of rapeseed and 674.000 of rye Mid-session prices. Flax- July 11 cents lower Ocl 11 lower 9 Nov three lower 9 Dec three lower 9 02A Vancouver Rapeseed. Setp 20 lower 7 13'X.A- Nov 20 lower Jan 20 lower 6 March 17 lower 5 90A Thunder Bay rapeseed July unchanged Oct 12 lower 6 ISA. Nov seven lower 6 Dec unchanged 5 69A Rye July lower 2 Oct seven lower 2 Dec lower 2 78 May two lower 2 78A Grain quotes Thursday basis Lakehead High Low Close Flax Jly 990 970 Oct 971 955 Nov Dec Rapeseed Vancouver Sep 740 733 Vi Nov 658 648 Vi Jan 632 624 Mar Rapeseed Thunder Bay Advances outnumbered de- clines 108 to 78 with 136 issues unchanged. Stelco A gained to Hugh Russel A V4 to Ca- nadian Pacific Investments to Canadian Tire A Vt to and Inco Vi to Texaco Canada fell 1V2 to Dome Pete to WalkerGooderham A Vi to Aquitaine to Market trends Banks dropped 1 05 to utilities 36 to 12267. papers 13 to 115 28 and the composite 07 to 181.63 while in- dustrials rose 16 to 191 41. Texaco Canada fell to Royal Bank '2 to and Consumers Glass nB to while Cominco rose to S2B31 and Canada Cement Lafarge Vs to Among speculative issues. Invictus Oils and Minerals dropped two cents to 55 cents after trading 6.000 shares VANCOUVER Prices were mixed on light trading on the Vancouver stock exchange Thursday Volume at the close was 1.569.805 shares In the industrials. Canterra was up 06 at 38 on shares Sparling was unchanged at .75 on 2.QOO Computrex was unchanged at EBT was unchanged at 12 on shares lonarc was down 02 at 43 and Grouse Mountain was unchanged at In the mines. Laura Industries was up 02 at 31 on shares Barrier Reef was up 16 to 76 on 64.000 Consolidated Fortune Channel was up 02 at 61 on shares Jackpot was unchanged at 15 on Sonesta was up 04 at Green Eagle was unchanged at 16 In the Payette was up .13 at .61 on shares Cop-Ex was down 01 at 30 on Payette Warrants was up 08 at 29 on shares. Bison Petroleum was up 40 at 00 on and Shell Canada to Camflo was up Vz to Dome Mines to and Ag- nico-Eagle Vs to Lake Shore was down 20 cents to and Quebec Sturgeon to Peyto rose Vs to Trans Can two cents to 82 cents and Petrol one cent to Ranger lost to and United Canso to shares. Colonial Oil was unchanged at Williams Creek was unchanged at 10 NEW YORK The stock market slipped quietly lower in ex- tremely slow holiday weekend trading today First-hour turnover on the New York Stock Exchange was the lightest in more than years as many investors took an extended Independence Day holiday The 11 30 a.m Dow Jones average of 30 industrials was down 3 21 al 789 66 Losers led gainers by three-to-two on the NYSE Adding to the lull was the rapid spread to 12 per cent from per cent in the prime lending rate The started by a few banks on had spread to most ma- jor U S banks by noon today up at was the NYSE volume leader again today. Earlier this week the issue fell after the company projected lower se- cond-quarter earnings Golds lost ground in the wake of Thursday's slide in bullion prices. ASA Ltd was down at Homestake 1 to 538 Among Canadian Dome Mines lost to but Hiram Walker added VH to Alcan was unchanged at Canadian Pacific at Seagrams at Inco at Jly Oct Nov Dec Rye Jly Oct Dec May 764 292 Vj 294 750 V 285 981 971 923 905 648 Vz 624 607 630 625 569 290 280 Livestock Calgary Hog prices Gold futures WINNIPEG Gold U S. Funds. Winnipeg Commodity Exchange close Thursday 400-ounce Jly 74 130 10A. Oct 74 Jan 75 141.00. Apr 75 147 Jly 75 151 80 Wednesday's volume- 413 contracts. 100-ounce Aug 74 Nov 74 Feb 75 May 75 149 Aug 75 155 50 Wednesday's volume- 63 contracts Metals LONDON Friday's closing metals bid-ask in pounds sterling a metric silver in pence a troy Copper Spot 802-805. futures 820- 821 Tin spot futures 3.350- Lead spot 220-222. futures 214-215 Zinc spot futures 415-416 Silver spot 177-172. 3 months 175- 176 CALGARY Friday's light receipts to 11 am at the Calgary public stockyards totalled about 325 head Offerings were practically all demanding yearling steers and heifers Trade vvas active. There were insuf- ficient slaughter cattle on offer to es- tablish Replacement cattle were mostly yearling steers 750 pounds and up and yearling heifers weighing 650 pounds and up These met a good demand at steady to strong prices There was in- sufficient good stock calves on offer to establish quotations Good feeder steers over 750 pounds 40 to 46 Good feeder heifers 550 pounds 32 to 38 60 There were no butcher hogs sold. Currencies MONTREAL Friday's mid- day foreign exchange selling rates supplied by the Bank of Montreal. Bermuda dollar 1 01 China renminbi 5100 Denmark kroner .1680 France franc .2095 Germany mark 3930 Italy lira 00156C Japan yen .003460 Mexico peso .0793 Spam peseta 0174 Switzerland franc 3345 United States dollar .9765 United Kingdom pound 2.3600 USSR ruble 1 30 Quotations in Canadian funds. Feed prices WINNIPEG Wheat board domestic feed grain prices 3CW red spring wheat No. 1 feed barley 2 No. 1 feed oats 1 77 MARSHALL IAUTO WRECKER EDMONTON Prices to 11 a m Friday provided by the Alberta Hog Producers Marketing Board Thursday prices in brackets. 3850 Red Deer. Nil Hogs sold to 11 a m. total Thursday average 37 Sows average 20 50 Treasury bills OTTAWA New 91-day treasury bills issued Thursday million al an average price of 97 859 and an average yield of 8 77 per cent Last week1 million at average price of 97.865 and average yield of 8 75 per cent 182-dav. million at an average price cf 95.752 and average yield of 8 90 per cent Last week- million at average price of 95.752 and average yield of 8 90 per cent. Dollar value MONTREAL -US dollar in terms of Canadian funds at noon today was up 1-25 at 97 21-50. Pound sterl- ing was up 1-5 at 32 16-25 In New the Canadian dollar was down 1-25 at 02 13-20. Pound sterling was up 1-10 at 4-5. Beef futures WINNIPEG Live beef futures close Friday. July Sept. 47 Nov. Jan 44.10B. Wednesday's volume- Six contracts Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED A survey of economists shows agreement in predictions that worst of the current round of inflation will have occured by the end of the summer. Graph shows the yearly increase in the consumer price index from 1961 to 1971 and the monthly increases from 1972 to mid-1974. Fractional TSE price gain made in moderate trading 308-2nd SIS. Will Be Closed All Day July 6th In Memory Gordon Babick Earnings By THE CANADIAN PRESS Black Photo Corp. year ended March 31. 1974. 79 cents a 61 cents Canadian Export Gas and Oil year ended April 30 seven rents a 1973 five cents J..D. Carrier Shoe Co. six months ended April 30 eight cents a share. 11 cents Central Covenants six months ended April 30- 91 cents a 07 Systems nine months ended May 31. loss. 89 a 197.1. 32 ITL Industries six months ended June 1 13 WESTERN OILS AND MINES Alton Mines 5.00 Albany Oil Alta East Gas 4 65 Alminex 5.25 Asamera Ashland Oil 7.50 BP Canada 13.00 Brenda Mines Ccla Southern 3 10 Cdn Export Gas 2.65 Cdn Homestead 3.90 Cdn Ind Gas 6 67'A Cdn Long Island .17 Cdn Superior 37.00 Chieftan Dev Dome Pete 24 00 Dynasty 7.37V4 Ft Reliance .16 Giant Mascot .93 Gibraltar Mines 7.75 Granisle 8.00 Grt Plains 38.75 Grt Cdn Oil 7.50 Lochiel Explor 1.50 Lyrton Minerals 1.60 Noble Mines 48 North Cdn Oil 3.55 Numac Oil PanCdn Pete Pan Ocean 9 25 Petrol 1-45 P'nnacle Place Gas -36 Ponder .46 Ranger Oil 21.00 Scurry Rain Seibens 11.50 Spooner Total Pete 7.50 Ulster Pete 3.20 United Canso West Pete 3.15 West Decalta 5 75 MISCELLANEOUS INDUSTRIES Acres Ltd 6.87 Aquitaine 23.75 BC Sugar C Pfd Block Brothers 3.10 Cdn Pac A Pfd 27.75 Carhng A Pfd 17.00 Carlmg B Pld 19 00 Commerce Cap 2.00 Crest Forest Falcon Copper 9 F M Trust 4.50 Genstar Home Oil A 33 50 Home Oil B 32.75 Hudson Bay Co 15.00 Hud Bay Oil 27.00 Huqh Russell C Pfd 70.00 Husky Oil 15.75 Husky Oil B Pfd 33.50 Husky Oil E War 6.00 Inter Pipe War 2 79 Inter S P Kaiser Res 3.90 Kaiser Res War 1.73 Loblaw C Pfd 25 00 Magnasomcs 1 80 Pacilic Pete 18.25 Pac West Air 7 Pe-Ben Oilfield 5 50 Rainer Inc Royal Trust 21 50 Sandwell 5 73 Teledyne Trimac Canbra Foods Westfield Min Weston A Pfd Whltepass Yukon PIPELINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Gaz Metro Inland Nat Gas N C Gas N 8 C Gas B Pfd Pac Gas Tr Tr-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda Pipe B Pfd Tr-Cda Pipe War West Trans West Trans War CALGARY Acroll Barons Oils N. Continental Western Warner VANCOUVER MINES Atlas Explorations Bathurst Norsemmes Dankoe Davenport Dolly Varden Equitorial Res. Lornex Northair Mines Primer iver Standard Valley Copper INDUSTRIALS Wardair OILS August Petroleum Plains Pete Ponderay Explorations Stampede Int'l Res MUTUAL FUNDS All Cdn. Compound 5.16 All Cdn. Dividend 5.37 All Cdn. Ventures 2.79 Amer Growth Fund 3.98 AGF Special 1.99 Cdn Invest Fund 4.29 Collective Mutual 4.41 Eaton Comnwlth 11.97 Eaton Leverage 2.84 Eaton Int'l Venture 5.25 Corp Investors 5.27 Corp Invest Stock Fund 4.02 Grouped In Shares Growth Equity Invest Growtn Fund Investors Mutual Mutual Accum Mutual Growth Fund Nat Resources N.W. Cdn N.W. Growth Principal Growth Provident Mutual Royfund Templeton Growth United Accum Universal Savings Umvest Vanguard .20 1.50 2.15 .74 .15 .09 6.50 1.88 .04 .09 1.68 6.05 1.65 .28 .15 .75 .61 561 5.84 3.03 4.57 4.71 4.84 5.79 4.42 2.55 5.75 6.32 10.26 11 21 4.93 5 38 5 39 5.93 2.64 2.91 3.92 4.31 4.80 5.27 3.86 4 24 3 64 4.00 6.35 6 94 497 518 7.09 7.77 3.93 4.32 6.94 7.64 5.36 6 09 4 97 5 45 Toronto industrials by Richardson Securities of MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery M.nes East Malarlic East Sullivan Faiconbndge Frobex First Mantimes Giant Y.K. Granduc Hollinger Hudson Bay A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addieon Key Anacon Labrador Lake Shore Langis Silver Madsen R L. Malartic G.F Martin McNeely Maclntyre Meta Midrim Intern Mogul Nu West Homes A New Athona New Calumet Noranda A Northgate Norlex Pine Point Placer Dev Pax Ex Quebec Man Rayrock Radiore Rio Algom Roman Corp Sherntt Gordon Steep Rock Sunnmgdale Tek Corp. A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknife Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Jannack Agra Ind Bell Tel Brascan A BC Tel Burns BC Forest BC Sugar A Valley Ind Ind 1.47 1 O'Keefe Cellulose Power Credit Gas Ptd Ind 5.25 Marconi 1 Vickers Bathurst Gas 7.50 3975 Seagrams Dom Bridge Textile Stores Pete Mobile Cdn Oil 13.50 1.95 29.00 18 Motors Grt Lakes Paper Gull Oil Sid Walker A Erie Oil A 28 A Int Nickel Pipe Grp A Int'l .15 Douglas A A Ferg Bloedell .20 29 18 Corp Molsons A Molsons B Cent Corp Co 8.75 Rothmans 1 41 CDA Sears Can A A 1.90 1C Grp A Mtn Pipe Can Pipe Carbide Gas Oil Siscoe Versatile Mlg A Foods Imperial Scotia 1400 Tor Dom 17.50 13.25 8.00 2.25 5 62 4 BO 3.00 8.62 Vi 1975 2.82 16.50 1500 1Q 26.50 26.00 1450 43.75 975 1475 23.75 3.55 700 46.75 20.50 25.75 15.25 44.75 21.50 2650 26.25 26.25 13 6.75 1575 204 5.00 8.00 3.25 6.25 10.00 15.75 20.50 17.75 10.25 10.75 13.00 4.80 30.25 34.75 12.75 18.50 7.75 4.80 6.00 20.25 21.50 22.50 3.25 22.25 15.00 32 29.00 34.00 Liberals promise aid for publishing industry 4.50 4.85 3.25 .96 51.00 6.75 53.00 17.75 5.00 9.00 10.50 2000 975 54.00 31.75 1.05 18.00 2.25 .36 .06 Ont. State Secretary Hugh Faulkner promised Thursday to begin a program to provide the publishing industry with funds and technical advice for advertising and distribution. Mr. speaking at a U.S. farmers' group protest eggs dumping I New York by Richardson Securities of Amr. T T 45.00 Woolworth 13.50 Anaconda 21.25 Weslinghouse Elec 13.00 Beth Steel 30 U.S. Steel Chrysler 15.50 Gen Tel Elec 21.50 Comsat 29 00 TORONTO AVERAGES Dupont 20 Industrials 180.76 up .12 General Motors 20 Golds 405.98 UD .356 Gulf 19.80 10 Base Metals 76.25 up .25 Int Harvester 23.25 15 Western Oils 175.93 down .66 Kenn Copper Volume Montgomery Ward 24.75 NEW YORK AVERAGES Sears 20 industrials 790.67 down 2.18 Exxon 20 Rails 156.64 down .30 Texas Gulf 15 Utilities 68.89 up .12 Texas Co 24.75 65 Stocks 237.16 down .46 IMI. 191SU. Vnllimfl 3 380 OOO TORONTO Ontario-produced eggs that sell for 81 cents a dozen in Ontario are selling for 49 to 59 cents in spokesmen said Thur- sday. of the smaller dealers New York are losing a lot of said Henry a Buffalo egg producer with hens. He said the United Egg a United States farmers' has been protesting to the U.S government about dumping of Canadian eggs there. However Ed manager of the Canadian Egg said in an interview he believed that few if any Canadian eggs are being dumped in the U.S. CEMA and its associated provincial egg-marketing boards set the Canadian egg producers' price at 59 cents a and charge producers seven cents marketing fees. Each egg packers' unsold eggs are bought by CEMA for 66 cents a to cover cost of eradine and oackaeirie. CEMA sells those eggs to processing plants for 32 cents a spokesmen but some eggs sold for breaking are being diverted into the fresh- egg trade in the northern states. Marketing Agency in Shift continues away from CSB OTTAWA A shift in savings and investments away from the federal government and into the private sector has continued as the latest Bank of Canada report shows 'million worth of Canada Savings Bonds were redeemed during the week ended Wednesday. Since May the value of savings bonds outstanding has dropped by million to billion. Between May 1 and June the value of personal fixed term deposits at chartered banks grew by billion to billion. Figures on term deposits with trust companies are not available but they are offering yields of more than 12 per cent on five-year term deposits. The government announced May 6 a bonus plan to boost yields of savings bonds to nine per cent. Bonuses would be paid on maturity and an interim payment would be made in 1979. The value of savings bonds outstanding usually drops after a spurt of sales when a new issue comes out in November of each year. news also discuss- ed the film industry and the performing arts which fall un- der his department. Mr. Faulkner said the Liberal government would ex- tend the provisions of the Foreign Investments Review Act to include Canadian publishers. This would mean that Cana- dian book publishers will be unlikely subjects for takeover if they are not at present covered under the review he said. He said that in order to get more private investors into the film the Liberal government would amend the Income Tax Act to nearly dou- ble the capital cost allowance for investment in Canadian films. This will enable film- makers to write off 115 per cent of their losses as com- pared with 60 per he said. To increase Canadian film sales he suggested the establishment of a federal bu- reau to promote Canadian participation in international film festivals and to en- courage and support film festivals in Canada. He said the Liberal govern- ment would like to see guaran- teed regular minimum ex- posure of Canadian films in commercial movie theatres across the country. films often don't get a chance to test themselves against audience he said. Since theatre falls under provincial talks would be initiated with provinces so that Canadians can see Canadian films wherever they he said. He said the CBC and the Na- tional Film Board will be un- dertaking more programs with our Canadian companies for showing on in theatres and schools. New support for arts organ- izations will include increas- ing funds through the Canada he said. MORE BUY JEWELRY OTTAWA Food and jewelry merchants had the largest increases in sales dur- ing April as retail sales rose by five-tenths of one per cent on a seasonally adjusted Statistics Canada reported Friday. Fertilizer price talks with firms continue WINNIPEG Officials of the four western provinces are involved in continuing discussions with fertilizer companies about fertilizer supplies and company pricing practices. And Manitoba agriculture minister Sam Uskiw says while the talks are still in the preliminary the companies are their and reading government .concerns loud and clear. somewhat nervous because they know that the governments are all he said Thursday. Early this the .Manitoba government tabled a consultants' report in the legislature highly critical of the fertilizer industry in western Canada. The report said in part that pricing arrangements in the industry have raised the cost of fertilizer to Manitoba fanners. The minister said a series of meetings have been held between fertilizer company representatives and officials of Alberta and British Columbia. The four-province under the general supervision of Saskatchewan agriculture minister Jack has included one meeting at the ministerial level. Mr. Uskiw said the provinces have not decided on any future course of action in the fertilizer field. He said a definite decision may have to wait until the federal combines investigations branch completes its own study of the probably sometime this fall. THE FINEST RETIREMENT AND RECREATIONAL COMMUNITY Blind between Calgary and Vancouver via Trans-Canada Mall a Frw Brochure NAME...... ADDRESS PHONE CASH BINGO ST. BASIL'S 13th St. and 6th Ave. N. JULY o'Clock 4th end tin Garnet In 7 Ginw 5 CARDS FOR OR 25t EACH Blackout Jackpot in 54 Nos. LUCKY DRAW WORTH LUCKY NUMBER DRAW WORTH WEEKLY DRAW WORTH 3 FREE GAMES DOOR PRIZE 16 Not Allowed by ST. BASIL'S MEN'S CLUB Tax haven LONDON The eastern Caribbean spice island of Grenada is expected to become a tax the Financial Times says. The Grenada government may announce a starting date of Jan. and a com- mittee has been looking into a scheme for no income tax and no estate tax. Grenada is likely to charge lower fees than the Bahamas and Cayman Islands to attract the paper says. The island became inde- pendent of Britain in February. HOUSE FOR SALE 423 Ventura sq. 3 bath and a feature many other ex- tra features. No agents please. Phone 327-4208.