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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 6, 1973, Lethbridge, Alberta if- f I- t- Market prices continue decline TORONTO (CP) Prices on the Toronto stock market moved lower in moderate mid- morning trading today. The industrial index, consid- ered file major indicator of market trend, fell .28 to 206.16 and western oils .11 to 211.32. The gold index rose 5.80 to 312.17 and base metals .60 to 100.52. Volume by 11 a.m. was 000 shares compared with 000 at the same tune Thursday. Declines outnumbered ad- vances 115 to 91 with 153 issues unchanged. Livestock CALGARY (CP) Bsceipis to 11 a.m. today from the Cal- gary public stockyards showed sales of 300 head, mostly re- placement cattle and cows. Trade was active. Slaughter cattle on offer were sold steady with Thurs- day's dosing prices, quality considered. Quotations were tfcose of Thursday's dose. Steers, Al, A2: 44.50 to 45.90. A3: 43 to 44.25. Heifers, Al, A2: 41.50 to 42.50. A3: 40.25 to 41.25. Cows, Dl, D2: 33 to 34. D3: 31 to 32.75. D4: 27 to 30.50. Bulls, good: 37 to 41. There were insufficient re- placement cattle or stock calv- es on offer to meet the de- mand. Prices were fully steady for quality. Good feeder steers 576 to 750 pounds: 47 to 50. More than 750 pounds 43 to 46. Good feeder heifers more than COO pounds: 40 to 45. Good stock steer calves more than 400 pounds: 45 to 48. Good stock heifer .calves more than 400 pounds: 45 to 50. Hogs fob Calgary 11 a.m. av- erage base price: 48.50. NHdg prices EDMONTON (CP) Aver- age prices to 11 today provided by the Alberta Hog Producers Marketing Board Friday. Edmonton: 48.75, average Thursday 48.54 Calgary: 48.50, average Thursday 47.14. Lethbridge: No sales, aver- age Thursday 48.67. Fort Macfeod: No sales, av- erage Thursday 48.35. Total hogs sold to 11 a.m. Friday 386. Total hogs sold Thursday Average 48.3L Price of sows 36.2.5 Now In Stock for You A selection of: HOLIDAIRE Trailers TRIPLE E-E-E Trailers TRIPLE E E E Campers TRAVE-L-MATE for every imported truck 2 USED CAMPERS AND 1 USED TRAILER AVAILABLE Foreign Car (Lethbridge) ltd. 1102 3rd Paper and forest, steel, pipe- line and real estate stocks were among sectors of the market recording losses while industrial mining, merchandising, con- struction and material and chemical issues were higher. VS Services fell to Realty Capital to Heit- man to Canada Per- manent to and Trans- Canada Pipelines to Canadian Corporate Manage- ment B rose to and MIC Investments Vt to Among golds, Sigma rose iVt to Camflo 30 cents to and Famour 30 cents to Quasar Pete was off to and Ranger to United Canso gained 30 cents to _____ MONTREAL (CP) All sec- tors except papers declined in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same time Thurs- day. Industrials dropped .41 to 228.74, the composite .32 to 214.48, banks .27 to 244.62 and utilities .05 to 146.16 while pa- pers rose .11 to 116.25. On the Montreal Stock Ex- change, Canada Permanent Mertgage declined 1% to Falconbridge Nickel 1 to Melchers Distilleries to and Imperial Oil Vt to white T D Realty Investments gained On the Canadian Stock Ex- change, Abitibi Copper Mines dropped a half cent to 10 cents on shares traded. NEW YORE (AP) Stock market prices were lower to- day, but analysts said the mar- ket was reacting well to gener- ally-bad economic news. The noon Dow Jones average of 30 industrials was down 2.18 at 872.14. Decling New York Stock Exchange issues held a small lead over advances in slow trading. Among Canadian issues on the New York exchange, Alcan was unchanged at Mas- sey-Ferguson at and Neo- oex at Dome Mines rose two to Mclntyre to Canadian Pacific to and Hudson Bay to white Jnco was down to Quebec joins farm youth exchange SASKATOON (CP) An ex- change of young farm people from across Canada win take place this year under a joint program sponsored by the Na- tional Farmers' Union (NFU) and Quebec's farm organiza- tion, LTJnion Des Producteurs Agricoles, it was announced THI UTHMIDOI HOtAlD 21 It marks the first time the Quebec union has participated in the NFlTs annual east-west youth exchange which wfll in- volve 365 young people between the ages of 14 and 25. Aided by an grant from tbe state secretaiy's de- partment, western youngsters wfll travel as far east as Prince Edward Island white those from Eastern Canada will travel for as British Columbia. Starting July 9, the young people win spend 10 days with a bilingual family in the area they visit The exchange ends with a four-day seminar, July 24-27, in 'Winnipeg. Tbe young people will travel by .raiL Gold futures WINNIPEG (CP) Gold fu- tures, U.S. funds, 'Winnipeg Commodity Exchange close Thursday. Jly 73 123.60B; Oct 75 128.10B; Jan. 74 13L75B; Apr 74 135.00B; Jly 74 139.00B. ALBERTA ALBERTA SECURITIES COMMISSION NOTICE Effective J0fy 9th, 1973 NEW ADDRESS 2nd Floor, 9945 108 Street Edmonton, Alberta. T5K 1G8 Telephone (403) 4264710 Wheat supplies decline WINNIPEG (CP) supplies of Canadian wheat totalled 173.4 million for the week ended June 27, the Canadian Gram Com- mission reports. In a weekly report, the Com- mission said this total was down slightly from the 175.2 million bushels the previous week and tbe 238.4 million bushels for tbe same week tart year. Farmers' market led 11.9 minion______ from the 12.4 million the pre- vious week and the 21.7 mil- lion the same week last year. Overseas clearances were 11.7 million bushels, down from tbe 12 million last week but ap from the 9.8 million for the same week last year. Other supplies, previoiii week's totals in brackets: Visible supplies: Durum 37.4 million bushels, (36.9 oats 13.4 million (13.5 barley 79.4 mfl- lion (78.1 flaxseek 8.4 million (8.4 rape 22.4 million (22.6 Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dtfcerty. McCatlg Limited) (11 a.m.. Quotes) WESTERN OILS AND MINES LAST BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) 3.05 4S.10 .20 49.25 4.00 9.90 Albany Oils Alts East Gas Alminex Asamera Ashland BP Can Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chleftan Dome Pete Dynasty e.w Fort Reliance .30 Giant Mascot 2.72 Granule 9.20 Gt Plains 27.50 Gt Cdn Oil S 8.30 Lochiel 2.06 Lytton Mln 1.69 Noble Mines 1.22 North Cdn Oils 7.30 Numac 15.00 Pancdn Pete 12.75 Pan Ocean 12.25 Petrol 1-16 Pinnacle .20 Place Gas -58 Ponder .40 Ranger 30.00 Scurry Rain Seibsns Spooner Total Pete Ulster west Pete W. Decalta MISCELLANEOUS INDUSTRIES Crpwsnest Ind Cygnus B Falcon Copper 7.25 F and M Trust 6.25 Genstar 8.60 Global Com 11.37V4 Home A 14.42Vi Home B 5.60 Hud Bay Co 3.M Hud Bay OH Hud Bay A Pfd Hugh Russell Husky Oil Husky Oil B Husky D War Husky E War Hys -of Canada Inter Rrov iPipe IIIIVI Inter Steel 13.3714 27.00 Alt Cdn Vent 3.44 TJS Amr GT F 1100 AGF Special 2.47 6JO Cdn In Fund SM IsisTViCoI Mutual 3.18 5.68 40.50 Cmnw inter 14.5215.94 S.7JM. Cmnw Lev 3.68 4.04 Vent 7.00 7.69 Corp Invest 5.93 631 Corp In St F 4.78 7.52 Dreyfus F U.S. 10.54 1135 Gr In Shares 3.37 3.70 Gr Equity 7.40 8.13 Invest Gr F Invest Mutual Mutual Ac Mutual Gr F Nat Res W Cdn 17.50 42.50 49.00 41.75 72.00 41.25 8.60 4.0S 9.20 Kaiser Res LobWw C Pfd Magnasonlcs Pacific Pete T> W Air Pe-Ben Oilfield Rainier Inc Royal Trust Commerce Cap Sahdwell Teledyne West Cdn Seed Westfleld Win Weston A .Pfd White Yukon N W Gr Principal Gr 7.87VS Royfund 54.50 Gr 9.42% United Ac 11.8512.96 5.64 4.17 5.80 3.38 3.72 7.S5 8.30 435 4.89 4.53 4.98 4.07 4.47 6.39 6.65 8.54 9.33 4.7V SM 7.46 8.20 M.OO Airoll 3 S Barons Oils 450 N Continental 405 West Warner VANCoyyM M as MINES Acres Ltd Aqultalne BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Ind Alta Gas A 15.87% Alfa Gas Pfd 14.W Alfa Nat Gas Inland Nat Gas N and C Gas -W. Na nd C B Pfd S-62V6 pacific Trans 5.25 Gaz Metro Gaz Metro A Trans Can P Tr Can A PM Tr Can B Pfd Tr can War W Trans W Trans War 13.00 20 JO 15.00 2.W 24.50 29-00 26.75 19.50 10JO 9.TS 22.00 12.00 44.00 59.3714 7J9 .75 .05 1.90 .46' Equltorlal Lornex Primer Pyramid silver standard Valley Copper INDUSTRIALS 9.75 .11 .13 .n 9.00 39.75 18.00 3.40 Columbia Brow 2.90 Key indust .32 Wardalr Z1S OILS Pro Explor 1-40 MUTUAL FUNDS plains .19 All Cdn Com i.72 7.35 Ponderay Explor .93 All Cdn Divld 7.14 7.8S Stampede Intl 1.47 Toronto mines, industrials Seevttfes ef Cntia) Hi a.m. Quota) LAST BID OR SALE (11 (11 Quote) MINES Acme Advocate Asb. Akaitcho Aldona Broulan Bethlehem Bovis Brunswick Can. N.W. Land Canada Tung. Cassiar Central Pat. Chimo Convert Cons. Rambler Coin Lake Cochenow Craigmont Dickenson Mines Denlson Mines Deer Horn D-Eldona Dww> Mines Discovery Mines East Matartic East Sullivan Faicontridge Frobex First Giant Y.K. Granduc HtfUnger Hudson Bay M-S Hydra Ex. Iron Bay !so JoTiet Quebec Keod Addfeen Key Anacon Labrador Shore 1JO .35 2.10 .42 14.00 2.00 4.45 1J1 10.25 1.11 S.1S 3.40 .It 1.JO 33.00 .06 Pine Point placer Dev. Pax Exp. Quebec Mri Rayrock Radiore Rio Algom Roman Corp. Sherrltt Gordon Steep Rock Tek Corp. Texmont Upper Canada western Mines W House Copper 32.00 GMndala 28.00 Grt dn OH 2.69 Gen Motors .14 Grt Lakes Pp 1.45 Gulf Oil Cda Greyhound 27.00 Hawker Sid 7.55 Hiram Walkar 15.50 Hur Erie 145 Imp Oil 3.95 imasca -22V4 Int Nickel 2.87 Int Pipe 2.90 Inv Grp A 3.00 Int Utn AbitlM 99.00 1.15 4.30 2.61 J4 .49 9.tS 46.60 76.90 J6 3-M 2.01 nwweff __- Wright Hargreaves 1.00 Ind Accept Winroy 1.12 Kaas Windfall J1 KellyDegs A Yeliowknlfe Bear Laurentidi Zenmac .12% Loeb INDUSTRIALS Mrt Stores 10JB Massev Ferg 29.1214 McMillan Blot 17.62V3 Moore Corp 11.00 Motions A 6JO Moisons B lo.eo Nachurs 41.6214 North A Cent 1J.3714 Power Corp 51JO Price Co 15.75 Rothmans 17.00 St. Law Corp 19J7V4 Shell COA 28Jm Simpson's Simp Sears Steel of CM 4.00 9.00 1JO 21.00 33.75 19.00 4.30 51 JO 27.75 39J7V5 27.75 24.75 (.25 23JO 17J7V4 7.12% 6.25 4.W Grain prices WINNIPEG (CP) Prices were easier in all grams ex- cept flax, which was modestly higher, in moderate mid-ses- sion trade today, on the Winni- peg Commodity Exchange. Rapeseed losses ranged from three to 11 cents, while ad- vances in flax were two to four cents. Oats was slightly lower, while losses in barley prices were fractional. Bye was about a cent higher. Thursday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Max: July 2 higher 8.18B; Oct. 2% higher 7.58; Nov. not open; Dee. 4 higher 7.09A. Rapeseed Vancouver: Sept. lower 6.37A; Nov. 7 tower 5.99A; Jan. 10 lower 5.89A; March 11 lower 5.80B. Rapeseed Thunder Bay: Jury 11 lower 6.02A; Oct. 10 lower 5.86B; Nov. 3 tower 5.81A; Dec. 10 lower 5.46B. Oats: July lower Oct. 1% lower Dec. lower Barley: July tower Oct. lower Dec. lower Rye: July higher Oct higher Dec. higher 2.35A. Grain quotes Thursday (basis Lakehead: High Low Close) Flax Jly 834 804 816 Oct 771 740 755% Nov 743 720 730 Dec 724 701 705 Rapeseed Vancouver Sep 680% 640% 645 Nov 630 600 606 Jan 626 MB 589 Mar 610 591 591 Rapeseed Thrader Bay JJy 628 608 613 Oct 619 591 596 Nov 584 Dec--------------------- 556 Oats 146 144% 144% Oct 140% 136 136% Dec 136% 134 134% Barley Jly 211% 210 211% 209% 204 206 202 203% AJgoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C Forest G.C Sugar Bow Vat Ind Cable CAE Ind. Cdn Brew dwmcell Maosen R.L. Malartlc G.F. Martin McNetir Maclntyre Mela Intern Mogul No West Hornet New AThona New Calomel Noranda Noffnoan) Nortex Osteka JO 43.W 3.70 1.00 .41 49.00 .19 12.25 24.M Calgary Pnw Coron Credit__ C.W.N. Gas Hi mw Con I no Otn Mercorfl Writers Oirysler C.P1R. X80 15.00 Selkirk A Texaco Traders Grp A TfWW Mtn Pp Trans Cda Pp Union carb Union Gas UMon Oil United SUcae 17.12V4 1SJO 29.00 50.12% 25.62% 25.00 6.12% 9.7S 10.2S 13.87% 13JO 20.00 17.117% 8.7S 30.00 14JO 15.75 20JOO 30.75 3330 Versatne Mfg Cons Bam cons Gas Westan's B 21.75 Woodward's A Cdn Seed 14JD e.70 e.25 13.00 .17 Own Brtdga .46 Oomtar Oom Texffle S.i5 Oom Stores .2J Peta J3 Dorasco 35.25 warn 30.25 COn Imp 7.in4 Montreal 29.2S Royal 26JO 2125 4.9S 2JO 17.37% 33JO New York stocks Amr T anfl T Anaconda Chrysler Si .W Oupcrt GM Glflf Harvester Sears SM on of i Texas Gtflf Texas Co Corp wccrtwcnti OHMS op ID Base Met 100.41 op W Ofls op M Volume 9J7XW YORK AVI1UOT1 Sieel TeJ Elec TOfcOWTO Oct Dec Rye Jly Oct Dec 235% 239% 239% 227 228% 228 232% 234% 234 Grain quotes CHICAGO (AP) Grain quotations Thursday: Wheat: Jul Sep 2.75; Dec Mar 2.73; May 2.67 Corn: Jul 2.19-i; Sep Dec 1.94; Mar 1.96; May Oats: Jul Lethbridge Public Stockyards The expensive public stockyards on the eastern out- skirts of Lethbridge in 1972 contributed livestock valued at to the record total of worth of cattle handled at the lethbridge yards and packing plants. The mass of pens used to hold livestock for shipment to packing plants, eastern Canadian markets and overseas buyers. The main office building, at bot- tom, houses the Lethbridge livestock exchange, Dogterom Livestock limited. Southern Alberta Marketing Limited, Vanee Livestock Limited, C.E French livestock Limited and Alberta Stockyards Company Limited. Also dealing in hog sales, the pubjc yards sold hogs for as much as per hundredweight in 1972. _______._________ an oil exports to U.S. increase OTTAWA Oil exports to the United States in March reached 38 million barrels, an increase of about nine million barrels from the same month last year, Statistics Canada said Wednesday. The sharp jump reflects the March crisis in oil supplies which prompted the national energy board to clamp controls on Canadian oil The Statistics Canada sum- mary of March oil and gas fig- ures shows that oil exports largely accounted for rising oil deliveries. Oil deliveries In March amounted to about 77.1 mfllion barrels, up from 65.6 barrels in March, 1972. Deliveries to refineries also rose substantially to 38.6 miltion barrels from 362 mlffloo bar- rels in the same month last tern of export licences, told oil companies they could export barrels daily in March, barrels a day less than pipeline companies had sought This stopped the rapid accel- eration in the flow of Canadian oil the fuekbort U.S. Pipelines received about 77.2 mJUion barrels of oil from oil fields, other oil carriers such as railways, processing plants and imports. Receipts slightly higher then deliveries. liquid gas received by pipe- lines amounted to 1417 mfllion barrels whfle deliveries reached 14.8 million barrels. Gas ex- ports totalled 1.4 mOHon bar- rels, up from in March, 1972. Toe board, using a new sys- North American car sales up OTTAWA (CP) American cars are eainine a sates edge in Canada over for- eign competitors, Statistics Canada reports. Comparing figures for May, 1972, and May, 1973, last May's sates of U.S. and Canadian- made vehicles increased by 10.3 per cent for passenger cars, and 0.2 per cent for com- mercial vehicles. Sates of foreign commercial vehicles increased 692 per cent, but sates of foreign pas- senger vehicles dropped 34 per cent Hie decline in sates of foreign-made passenger cars is attributed partly to increased prices for these vehicles re- salting from devaluation of tbe U.S. dollar. NOTICE! I am looking for ANY INFORMATION regarding FIELD MARSHALL ERWIN ROMMEL Box 36, Uthbridge Herald B.G fowl prices hiked VANCOUVER (CP) Fowl prices are joining egg prices in going up at the primary er level and retail outlets ara expected to reflect the boost al- most immediately. A British Columbia Turkey Board spokesman says tbe board has authorized a cents to 3% cents a pound in- crease in the price paid to tor- key growers for July. He said ttie new prices, became effective Monday, ma. be 38 cents a pound for tur- keys over 16 pounds, compared with the June price of 35 cents. Medium sized turkey to tbe producers were increas- ed by 3% cents to a Jmy of 40 cents. Sainn turkeys, be- tween six and 10 pounds, ara up to 37 cents from. 34 cents. Kirk Stanley, of the turkey board, said climbing feed coats are mainly to blame for bike in fowl prices. Boosts in prices paid to broB- er and roasting chicken produc- ers have also gone into effect this week by order of the B.C. Broiler Marketing Board. The broiler board imped prices to regular broiler grow. ers to 30% cents a pound from 29% cents and roastbgjribieken growers to 32% cents from Sfr cents. teamen for both boarde ___ they couM not estimate the ultimate price effect at (to letaD levels. An official for of tbe area's wholesale poultry firms said tbe overall boost at tiie wholesale level for a torn turkey would be around ate cents a pound. Dollar switch considered GENEVA (AP) Kurt Wald- heim, Itaited Nations sscretary- general, said yesterday the world organization is consid- as the chief guiding currency in its budget because of deval- uaton lasses. Devahiation cost the mfllion last year, he told a news conference. A deci- sion to switch to other cur- rencies would be up to the Gen- AnnomicMMiit JBWY NAGB. 1EAITY ere pleased to tha op- prtnTment of Jerry os soles corttvltont for tStir Jerry to Realty with on extensive knowledge of real estate. If you ore thinking of buying or selling property, cell Jerry et 328-8011 or 327-0287. Beef futures WINNIPEG (CP) beef futures dose Thursday. Jly 45.75; Sep 45.85; ov Jan Wednesday's volume: eight contracts. MOLSON APPOINTMENT H.R. DEEKS TM. Sterling, Vice President and General Manager, Alberta, Mol- son'sWertem Bneweries.lmiited, is pleased to announce the pointmeni of H.R. (Harfey) Dedcs as General Manager of Molson Brewery Alberta ltd. Mr. Decks is a B.S.A. graduate In Bacteriolow from the Ontario Agricultural College In Guelph, Ontario, and a diploma member of the British Institute of Brewing. Mr. Decks has extensive fence in the brewing industry, most recentiy as General Manager of Molson Brewery Saskatchewan Ltd. In his new position, Mr. will reside in Edmonton and be responsible for the company's op- in Northern Alberta and the Northwest Territories. (S) ;