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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 9, 1974, Lethbridge, Alberta xuij Toronto market prices lower at mid-session TORONTO Prices on the Toronto stock market were moderately lower in moderate mid-morning trading. The industrial wide- ly-based indicator of market fell .50 to 179.74 and western oils 2.27 to 172.02. Golds rose 4.60 to 448.84 and base metals .34 to 78.43. Volume by 11 a.m. was 000 shares compared with MONTREAL Prices were generally lower in light trading on the Montreal Stock Exchange today. Volume at 11 a m was shares compared with shares at the same time Monday The industrial index dropped 1 51 to 191 04 the comoosite 94 to 181 papers 20 to 114 75 while utilities rose 51 to 123 66 and banks 01 to 225.10 Husky Oil dropped '2 to Dome Petroleum 'i 10 Consolidated Balhurst to and Canada Ce- ment to while Pacific Petroleums rose 'j to Among speculative Chibex dropped five cents to 53 after trading 10 830 shares VANCOUVER Prices were mixed in light trading on the Van- couver Slock Exchange Monday. Total volume al the close was 1.282168 shares In the industrials. Bank of British Columbia realty warrants were up 10 at 60 on shares Gestalt was unchanged at 88 on 2.800 shares. Jolly Jumper was unchanged at 52 on shares and Block Brothers was un- changed at 10 on 1.000 shares Cap- tain International was unchanged al 20 and Inland Natural Gas was unchanged at In the mines Boston Bay was un- changed at 83 on 98.500 shares Bathursl was up 07 at 80 on 98.450 shares. Consolidated Fortune Channel was down 01 at 60 on 56.100 shares and Carohn was up 10 al S2 50 on shares Consolidated Fortune Warrants A were unchanged at 37 and Laura Industries was down 03 at 32 In the oils Payetle was up 05 at 70 Chicago markets CHICAGO futures on the Board ol Trade and Chicago Mercantile Exchange rose sharply Monday Mosl ol the futures posted limit gams Commoditv futures on eastern markets were largely although silver futures moved ahead Ihe limit of 20 cents an ounce Wheat and soj beans futures rose 20 cents a bushel corn 10 cents oats 6 soybean meal a ton and soy- bean oil 100 or a cent a pound The strength in grains and higher cash prices Influenced buyers of 'ive caltle fulures which rose a hundredweight Pork Bellies gained 150 points and live hogs 55 cenls a hundredweight Shell eggs gamed up lo '50 pomls. refleclmg Ihe strength m other commodities The demand for silver fulures developed after the price of gold rose again on the major European markets Gold futures hil a six-months low last but improved Friday and again Mondav by a total of S7 an ounce Copper and cotton futuies eased un- der selective liquidation Irade ces mid Orange juice futures advanced 45 pomls M Ihe Board of Trade soybeans were up 20. July Chicago wheal 20 higher. July 4 56'4. Gulf hard red wheal 20 higher July 466B. corn up 10 cents. Jurv and oats up 6 Julv 1 55'j. Wheat Jul 456'j Sep Dec 460'z. Mar May 463. Corn Jul 3 Sep 3 Dec 2 97'i Mar 312'j May 303'z Oats. I 55'i. Sep 1.58V Dec 1 Mar 1 64 Mav 1 65 shares at the same time Monday. Declines outnumbered ad- vances 112 to 89 with 134 issues unchanged. Consolidated Bathurst lost to Noranda A to Dome Pete Vi to Ivaco to and Hugh Russell A Vi to Camflo was down to Denison 'A to Hudson Bay Mining A to and Market trends on shares Cop-Ex Mining was up at on shares. Seneca Developments was down 02 at on shares and Five Star was up one half a cent at 05 on shares Coynex was down .10 at 60 and Stampede was down 01 at .61 NEW YORK The stock market was mixed hovering un- certainly at its lowest level in several years Little Long Lac 15 cents to United Canso fell Vi to Numac V4 to and Western Decalta to Alcan gained V2 to Pa- cific Pete to Inco Vs to and Canadian Homestead 10 cents to Campbell Red Lake was up 2 to Dome Mines V4 to and Brenda to The 11 30 a.m Dow Jones average of 30 industrials was down .70 at but gainers maintained a six-lo-five lead over losers in relatively active trading on the New York Stock Ex- change Louisiana-Pacific led the NYSEB's most active down 14 at Golds added to their broad gams of Monday ASA Ltd was up at Homestake IVi at Campbell Red Lake 1 to J36'4. Livestock Calgary Hog prices CALGARY Receipts to 11 a.m Tuesday from the Calgary public stockyards totalled 650 practical- Iv all slaughter cattle. Trade was ac- tive with a good demand Slaughter steers sold fully steady to 50 cents higher Heifers were fully steady for quality. Good cows were in good demand at prices 50 cents higher Other grades of cows were steady Bulls sold fully steady to strong with sales to 50 Steers. A1.A2- 49 50-51 40 Al. A2. 40-4280 Cows Dl D2 3150-33.50 D3. 2630 D4 20-25. Bulls good. 30-34. There were insufficient replacement cattle on offer to establish a market No hogs were sold to 11 a m. Winnipeg grain WINNIPEG Flax posted strong gains at mid-session on the Win- nipeg Commodity Exchange today as market conditions strengthened generally after a weak opening Rapeseed made some gams at both terminal positions and the only losses occurred in the rye futures Monday's trading volume was 000 it ryp. 2 465 000 ot rapcseed and 204.000 of flax Mid-session prices. Flax July 19 cenls higher 1004B. Oct. 20 higher 990A. Nov higher Dec. 11 higher 9.31B Vancouver Rapeseed Sept two lower Nov 6 61B Jan nine higher 6 March higher 6 16 Thunder Bay July no Nov five higher 6.35A. Nov five higher 6 Dec four higher 5 BOB Rye July lower 2 Oct lower 3 03 Dec lower 3 May no price Grain quotes Monday basis Lakehcad High Low Close Flax Jly 990 971 985 Ocl 975 959 970 Nov 930 Dec 921 920 920 Rapeseed Vancouver Sep 725 712 712 Nov 651 641 651 Jan 624 621 624 Mar 615' i 600 615' Rapeseed Thunder Bay JIV 643 Ocl 634 630 630 Nov 630 Dec 576 Rye Jlv 301'j 301 fc Oct 300 306 Dec 304 VZ 298 304'2 Mav 285 JOURNEYMEN TRADES for EUROCAN PULP PAPER CO. LTD. KI TIM B.C. We will be visiting Alberta to interview local candidates for the following MILLWRIGHTS INSTRUMENT MECHANICS HEAVY DUTY MECHANICS WELDERS Preference will be given to those applicants with Inter-Provincial Trade Qualifications along with Heavy Industrial trade experience Successful applicants will be eligible for relocation assistance to the Company's Paper and Woodmill Complex located in British Columbia Journeyman Rate A full range of employee benefits are available including a Company shared Dental Plan. Interested tradesmen are requested to submit a detailed record of their work history Mr. J. A. Foglietta e EUROCAN PULP PAPER CO. UTO. P.O. BOX 1400 British Columbia Interviews will be scheduled upon receipt of appl- please include telephone numbers to assist in arranging for personal interviews. EDMONTON Prices to 11 a.m Tuesday provided by the Alberta Hog Producers Marketing Board. Mon- day's prices in brackets Edmonton 3850 Red Deer 38 50 Hogs sold lo 11 a m Hogs sold Monday 4.681 Average 38.13. Sows average 22 50. Currencies MONTREAL Tuesday's mid-day foreign exchange selling rates supplied by the Bank of Montreal. Australia dollar 1.47 Bermuda dollar 1.01 China renminbi 5100 Denmark kroner 1680 France franc .2095 Germany mark .1930 Italy lira 001560 Japan yen 003460 Mexico peso 0793 Spain peseta 0174 Switzerland franc 3345 United States dollar 9775 United Kingdom pound 2.3600 USSR ruble 1 30 Quotations in Canadian funds Gold futures WINNIPEG Gold U S. funds. Winnipeg Commodity Ex- change close Monday. 400-OUNCE CONTRACTS Jly 74 Oct 74 144 Jan'75 149 Apr 75 155 Jly 75 161.OOB Friday's volume 240 contracts. 100-OUNCE CONTRACTS Aiig 74 140 Nov 74 147 30B. Feb 75 May 75 158 Aug 75 163 60B. Friday's volume 82 contracts Metals LONDON Monday's closing meials bid-ask m pounds sterling a metric silver in pence a troy ounce. Copper Spot 820-822. futures 831- 832 Tin Spot 3.530-3.540. futures 3.560 Lead Spot 222-223. futures 221- 221 5 Zinc Spot futures 454-456 Silver Spot 180 5-181 3 months 1B3 6-183 8 Gold prices LONDON Monday's dosing gold prices in U S dollars an ounce- London 142.00 Paris 142 32 Frankfurt 139.91 Zurich 139 05 Hong Kor.g 131 50 Beirut a kilo. Dollar value MONTREAL U S. dollar in terms of Canadian funds at noon today was down 4-25 at 17-50 Pound sterling was down 11-20 at 9-20. In New the Canadian dollar was up 17-100 at 02 73 100 Pound slerling was down 17-100 at 4-5 Beef futures WINNIPEG Live beef futures close Monday July Sept. Nov. Jan 44 ION Friday's volume- Two contracts. Earnings By THE CANADIAN PRESS Bcrncam International Industries three months ended March HI74 000. live rents a share- iliB three cents Four Manuiacturing six months ended April 30 1974. 000 loss. 1973. Inter-Provincial Diversified Holdings three months ended M.irch 31 1974. S289.000. 25 cents a share 197.1. four cents. Georte Sparling .year ended Fob 28 1974. 1973. Trans-Canada Resources six months ended April 30. 1973 MM Zicbarl three months ended March 31 1974. 000 three cents a 197.1. S51.000. 59 cents Hand Chemicals Industries live pfd five plus five cenls both payable Aug 1 record July 8 llomco Industries class A. five class B 4' i bolh payable AUR K record Julv 25. Treco six ended April 27 1974. 20 cents n The Herald- Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines 5.25 Albany Oil .36 Alta East Gas 4 60 Almmex 5.25 Asamera 7.87V4 Ashland Oil 7.12V4 BP Canada 13.00 Brenda Mines 5 50 Cda Southern 3 10 Cdn Export Gas 2.60 Cdn Homestead 3.85 Cdn Ind Gas. 7.00 Cdn Long Island .17 Cdn Superior 34 25 Chiettan Dev 6.25 Dome Pete 23 62V4 Fort Reliance .17 Giant Mascot 99 Gibraltar Mines 8 25 Granisle 7 75 Grt Plains 39.00 Grt Cdn Oil.. 7.00 Lochiel Explor 1.44 Lytton Min 1 58 Noble Mines 45 North Cdn Oil 3 45 Numac Oil 10.37Vi PanCdn Pete Pan Ocean 9 25 Petrol 1 43 Pinnacle .29 Place Gas .35 Ponder .46 Ranger Oil 20.25 Scurry Rain 20.75 11.12V4 Spooner .27Vz Total Pete 7.12Vz Ulster Pete .95 United Canso 13.62V2 Westcoast Pete 3.30 West Decalta 5.50 MISCELLANEOUS INDUSTRIES Acres Ltd 6.87V4 Aquitame 22 50 BC Sugar C Pfd 11.75 Block Bros 3.00 Canbra Foods 3.10 Cdn Pac A Pfd 28.25 Carlmg A Pfd 17 Carhng B Pfd 1950 Commerce Cap 2.00 Crest Forest 5.00 Falcon Copper 9.75 F M Trust 4 25 Genstar 17.00 Home Oil A 33 50 Home Oil B 32.25 Hudson Bay Co 15.00 Hud Bay Oil 27 Hugh Russell C Pfd 68 00 Husky Oil Husky Oil B Pfd 33.50 Husky Oil E War 6.00 Inter Pipe War 2.80 Inter S P 1512V4 Kaiser Res 3 65 Kaiser Res War 1.70 Loblaw C Pld 24.75 Magnasonics 1.90 Pacific Pete 18 25 Pac West Air 7 75 Pe-Ben Oilfield 5 50 Ramer Inc Royal Trust 22.00 Sandwell Teledyne Trimac Westfield Minerals Weston A Pfd Whitepass Yukon PIPELINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Gaz Metro Inland Nat Gas North Cent Gas N C Gas B Pfd Pac Gas Trans Tr-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda Pipe B Pfd Tr-Cda Pipe War West Trans West i rans War 5.75 430 4.80 .96 51.00 12.00 53.00 5 900 19.75 8.87 V4 975 5375 32.00 1.05 2.25 CALGARY Acroll .36 Barons Oils 06vz N. Continental Western Watner 25 VANCOUVER MINES Atlas Explorations .21 Bathurst Norsemmes 1.85 Dankoe 2 15 Davenport .72 Dolly Varden .20 Equitorial Res. .07Vz Lornex 6.50 Northair Mines 2 05 Primer .04 Pyramid Silver Standard 1.75 Valley Copper 6.00 INDUSTRIALS Columbia Brewing 4 85 Key Industries 08 Wardair 1.60 OILS August Petroleum .26 Plains Pete. .15 Ponderay Explorations 70 Stampede Int'l Res .61 MUTUAL FUNDS All Cdn. Compound 5.09 5.53 All Cdn Dividend 5.30 5.76 AllCdn.Vemu.es 2.76 3.00 Amer Growth Fund 3 85 4 23 A G F Special 1.92 Cdn Invest 4.27 4.68 Collective Mutual 4.37 4.80 Corp. Investors 5.32 5 84 Corp Invest Stock Fund 4 01 4.41 Great Pacific 4 04 4.48 Grouped In Shares 2.56 Growth Equity 5.82 6.40 Invest Growth Fund 10.391135 Investors Mutual 4 97 5 43 Mutual Accum 5 41 5 95 Mutual Growth Fund 2.66 2 93 Nat Resources 3.96 4.35 N.W Cdn. 4.72 5.24 N.W. Growth 3.73 4 10 Principal Growth 359 394 Provident Mutual 6 39 6 94 Royfund 498 5.18 Templeton Growth 6.93 7.60 United Accum 3.88 4 26 Universal Savings 6.93 7 63 Vanguard 467 512 Toronto industrinls by Richardson Securities ot MINES Acme 10 Advocate Asb 1 15 Akailcho 1 75 Bralorne 1.38 Broulan .49 Bethlehem 11.00 Bovis 1 45 Brunswick 3 95 Can NW Land 80 Canada Tung 3.65 Cassiar 5.25 Central .86 Chimo 1.10 Conwesi 3.45 Cons Rambler 2 62 Coin Lake 21 Cochenour 1.62 Craigmont 5.00 Dickenson Mines Denison Mines 39.50 D'Eldona 36 Dome Mines 47 00 Discovery Mines 2.00 East Malartic East Sullivan 2.60 Falconbndge 42 Frobex .20 First 40 Giant Y K 14B7V4 Granduc 1 90 Hollmger 29.00 Hudson Bay A 18.25 Hydra Ex. .70 Iron Bay 4.75 Iso 1 31 Joliet Quebec 24 Kerr Addison 12 00 Key Anacon .27 Labrador 28 75 Lake Shore 485 Langis Silver 10 Madsen R L 1 66 Malartic G F 1.45 Martin McNeely .32 Maclntyre 30.50 Meta .16 Midrim 15 Intern Mogul 650 Nu West Homes A 6.00 New Athona .25 New Calumet .21 Noranda A 36.00 Northgate 5.00 Norlex 20 Pine Pomt 30 Placer Dev 18 00 Pax Exp 1 35 Quebec Man .20 Rayrock 1.02 Radiore .21 Ro Algom 24.75 Roman Corp. 8.75 Sherntt Gordon 8 .Steep Rock 1 45 Sunmngdale 6.00 Tek Corp A 3.20 Texmont .18 United Canso 13.75 Western Mines 247 WH Cooppr Mines 3.05 Wright Hargreaves 2 05 Willroy 1 70 Windfall .11 Yellowkmfe Bear 3.00 Zenmac .08 INDUSTRIALS Abitibi 11 Alcan Algoma Steel 25.12H Atco Ind 13 00 Jannack 5 75 Agra Ind 6 75 Bell Tel 4037Vi Brascan A BC Tel 52 25 Burns 11.37V4 BC Forest 14 00 BC Sugar A 18.50 Bow Valley Ind 17.75 Cable CAE Ind Carlmg O'Keefe Chemcell Can Cellulose Cal Power Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickeis Chrysler CPR Commco Cons Bathurst Cons Gas Dis Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Gryhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A Imasca A Int Nickel Int Pipe Inv Grp A IU Int'l IAC Ltd Kaps Kel Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Peyto Rothmans Shell CDA Simpsons Simp Sears Steel Can A Selkirk A Texaco Trad Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscde Versatile Mfg Westeel Westons Woodwards A Canbra Foods BANKS Can Imperial Montreal Nova Scotia Royal Tor Dom 1325 2.30 550 4.85 2250 3 10 8 1975 280 16.75 13.12V4 27.00 2525 3375 4400 23.75 975 14.75 14.75 2275 27.50 3.50 6.75 44.50 20.50 24.50 15.50 575 44 37 VS 2200 27 12V4 26.00 14.12V4 15.25 2.20 480 8 37V4 3.10 6.25 9.50 15.50 24.75 47.25 2000 17.75 6.00 9 62V4 10.75 13.00 4.90 11.62V4 1275 7.50 11.00 3000 12.62 Vi 3200 1275 7.75 10.00 4.80 1975 22.00 22 3.10 21 75 14.87V4 33.25 New York by Richardson Securities of Amr. T 4 T Anaconda Beth Steel Chrysler Comsat Oupont General Motors Gulf Int Harvester Kenn. Copper Montgomery ard Sears Exxon Texas Gulf Texas Co 43 26 Woolworth 13.50 20.50 westlnghouse Elec 1300 29.25 US Steel 43.25 15.00 Gen Tel Elec 20.00 27 75 TORONTO AVERAGES 166.50 20 Industrials 179.27 down .97 46.00 20 Golds 450.75 up 6 50 18.75 10 Base Metals 7781 down. 28 23.00 15 Western Oils 17029 down 4.00 31.25 Volume 24 00 NEW YORK AVERAGES 79.00 20 industrials 769.48 down 1.09 68.75 20 Rails 151.65 down .46 15 Utilities 67.13 down 35 65 Stocks 230 54 down 53 Soviets build rail link for Siberian resources New York Times Service NEW YORK The Soviet Union has begun construction of an ambitious long railroad in Siberia to provide access to some of the rich natural resources of potential interest to the west. The east Siberian rail known as the Baikal-Amur will be one of the priority projects of a new 15- year economic program that is to be promulgated next year and will run from 1976 to 1990. The project was disclosed last March in a speech by Leonid I. the Soviet Communist Party and thousands of construction including many young have already been commandeered to the area. Among the Siberian resources that will be made accessible by the BAM as it is commonly is the large Udokan copper east of Lake Baikal. The Russians have offered joint copper- development deals to Japan and but the absence of transportation has been one obstacle to final agreements. Although the immediate aim of the railroad is to open up the Udokan copper U.S. inflation to continue for I another 4 years 1 I WASHINGTON Herbert chairman of President Nixon's Council of Economic says the American peo- ple are at fault for the present inflation which he predicted will last for years. Stein said only the time of self-discipline not government action will slow the pace. He said he will not approve such actions as cutting taxes for Americans because should not be putting billion or billion in their hands which they'd only go out and As for soaring loan interest Stein said would not interfere to put them down even if they went a good deal who plans to leave his post was interviewed on the CBS- TV program Face the Nation. Asked whether such high interest rates do not contribute to soar- ing he replied that while some costs increase it is also anti- inflationary in helping to reduce the demand for money. Asked whether public's at Stein a basic sense this is true. The American people created the con- Later in the he amplified. of economics is that people should un- derstand what they can demand. If people have endless we will have increasing inflation and that is what's happening around the world As for the he must think in terms of not months. We must follow a program of much greater discipline. We need a period in which the economy is not in an exuberant when there is some slack in I g reserves and other remote mineral and timber the line will also provide an alternative east- west transport route to the Pacific Coast to the north of the present Trans-Siberian. Some military analysts have noted that the Trans-Siberian runs through an exposed area close to the Chinese border. The new Baikal-Amur railroad will traverse virtual- ly mountainous terrain 150 to 300 miles north of the connecting a series of small inter-mountain basins by- tunnels through intervening mountains limited to fur trap- reindeer herding and some inland fishing. The BAM railroad will intersect a north-south line already under construction from the Trans-Siberian northward to a coking-coal deposit in the Chulman dis- trict of southern Yakutia. The coal area is being developed jointly with the Japanese un- der a million agreement signed earlier this year. Gas export decision welcomed SALT LAKE CITY The president of Northwest Pipeline Corp. says a recent decision by Alberta to permit additional natural gas exports is a significant step toward new gas availability in the western United States. John G. presi- dent and chairman of the Salt Lake City-based was referring to a decision by Alberta officials approving a permit to export 975 billion cubic feet of gas during a six- year period beginning Nov 1. The export of the gas will be made available to Northwest Pipeline for use in the Pacific to El Paso Natural Gas a major supplies in the and Southern California Gas Co. The export plan is now sub- ject to approval by Canada's National Energy Board. Rail cars allocated to move grain EDMONTON More than rail cars will be allocated to Alberta's Peace River River region for the rest of the month in an attempt to empty the area's plugged grain the Canadian Wheat Board has announced. In a telephone interview from Peter Winter- the board's general director of said the board has also ex- tended an open quota for barley and durum wheat deliveries in Alberta to the end of the month. Peace River region will be a priority in Alberta for the movement of grain during he said. requested Canadian Pacific Railways to put cars into Northern Alberta Railways. We're expecting 500 cars to be placed on the NAR this week and we hope to put 500 in on a regular Wally Madill. Alberta Wheat Pool general estimated between five and six million bushels of grain are left to come in to elevators in the area. LIFTS THREE TONS Paul Anderson of a 364-pound lifted pounds in a back lift in 1957. CAREER S Youthful mature individuals interested in pur- suing a career in Calgary in the retail food industry with Canada Safeway Limited. Present salary range per hour. Excellent benefit program. Apply in writing or in person PERSONNEL DEPARTMENT CANADA SAFEWAY LIMITED 535 10th Ave. Calgary T2P 2J4 HEAVY EQUIPMENT MECHANICS Class .and heavy equipment mechanics wanted. Applicants must be licensed and have at least 4 years experience with hirhway diesel trucks and trailers on highways and off. Successful applicants to work in the new Woodlands garage located in the city of Thunder Bay. Relocation Assistance available. For further information and please call collect 1-807-577-7581. The Great Lakes Paper Limited Woodlands Employment THUNDER BAY ONTARIO 40 ACRES MONTANA RANCH ASSUMED PAYMENT TREMENDOUS SAVINfiSII May be assumed by making 3 payments of and Principle Balance of at interest. Tremen- dous Investment. Ideal recrea- tion and summer home Un- rolling grass and pine areas. Just off I-94 near Historic Miles Montana. CALL COLLECT FOR RAY' ArM 406-656-0450 MOTOR VEHICLE and HEAVY EQUIPMENT MECHANICS Our company has immediate openings for licensed or unlicensed motor vehicle and heavy equipment mechanics. Wili also accept applications from apprentice and helper mechanics with at least 1-2 years experience. Relocation Assistance is available. For further information and please call collect 1-807-577-7581. The Great Lakes Paper Limited Woodlands Employment THUNDER BAY ONTARIO ;