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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 10, 1974, Lethbridge, Alberta -1 nc bE i Tin- Herald Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN AND Alton Albany Alia East Ashland BP Brenda Cda Cdn Export Cdn Cdn Ind Cdn Long Cdn Chieltan Dome Ft. Giant Gibraltar Gran Grt Grt Cdn Lochiel Lytton Noble North Cdn Numac PanCdn Pan Place Ranger Scurry Seibens Total Ulster United West Western Acres BC Sugar C Block Canbra Cdn Pac A Carling A Carhng B Commerce Crest Falcon F M Home Oil Home Oil Hudson Bay Hudson Bay Huoh Russell C Husky Husky Oil B Husky Oil E Inter Pipe Inter S Kaiser Kais Res Loblaw C Pacific Pac West Pe-Ben Oilfield Rainer Inc Royal Trust Sandwell Teledyne Trimac Westfield Mm Weston A Pfd Whitepass Yukon 3.25 22.25 5.75 4.35 4.90 .96 51.00 PIPELINE STOCKS Alta Gas A 12-50 Alta Gas Pfd 53.00 Alta Nat Gas 17.62V4 Gaz Metro 5.12V4 Inland Nat Gas 9.00 N C Gas 10.00 N C B Pfd 20.00 Pac Gas Trans 8.75 Tr-Cda Pipe 9.75 Tr-Cda A Pfd Tr-Cda B Pfd Tr-Cda Pipe War 1.00 West Trans 18.00 West Trans War 2.50 CALGARY Acroll Barons Oils N. Continental Western Warner .25 VANCOUVER MINES Atlas explorations .22 Bathurst Norsemines 1.99 Dankoe 2.10 Davenport .73 Dolly Varden .18 Equitoriai Res. .07 Lornex 6.35 Northair Mines 1.98 Primer .04 Pyramid .09V4 Silver Standard 1.80 Valley Copper 6.00 INDUSTRIALS Columbia Brewing 4.85 Key Industries -08 Wardair 1.60 OILS August Petroleum Plains Pete. .15 Ponderay Explorations .70 Stampede Int'l Res .60 MUTUAL FUNDS All Cdn. Compound 5.09 5.53 All Cdn. Dividend 5.30 5.76 All Cdn. Ventures 2.74 2.98 Amer Growth Fund 3.86 4.24 A.G.F. Special 1.92 Cdn. Invest Fund 4.25 4.66 Eaton Com nwlth 11.87 Eaton Leverage 2-76 Corp. Investors 5.30 5.83 Corp Invest Stock Fund 3.98 4.37 Grouped In Shares 2.57 Growth Equity 5.80 6.37 Invest Growth Fund 10-21 11.15 Investors Mutual 4.90 5.36 Mutual Accum 5.40 5.94 Mutual Growth Fund 2.66 2.92 Nat. Resources 3.91 4.30 N.W. Cdn. 4.74 5.21 N.W. Growth 3.72 4.09 Principal Growth 3.59 3.94 Provident Mutual 6.30 6.89 Royfund 5.81 6.05 Templeton Growth 6.96 7.63 United Accum 3.85 4.23 Universal Savings 6.90 7.60 Vanguard 4.67 5.12 Toronto industrials by Richardson Securities of MINES Acme .10 Advocate Asb. 1.15 Akaitcho 1.75 Bralorne 1.25 Broulan .52 Bethlehem Qovis 1.41 Brunswick 3.95 Can. NW Land 4.75 Canada Tung. 3.65 Cassiar 5.50 Central Pat. .90 Chimo 1.11 Conwest 3.50 Cons. Rambler 2.56 Coin Lake .20 Cochenour 1.40 Craigmont 5.00 Dickenson Mines 8.25 Denison Mines 39.00 D'Eldona .36 Dome Mines 46.00 Discovery Mines 1.90 East Malartic 5.25 East Sullivan 2.55 Falconbridge 42.50 Frobex .20 First Maritimes .40 Giant Y.K. 14.25 Granduc 1.90 Hollmger 28.25 Hudson Bay A 18.25 Hydra Ex. .65 Iron Bay 4.70 ISO 1.31 Joliet Quebec .24 Kerr Addison Key Anacon .27 Labrador 29.00 Lake Shore 4.75 Langis Silver .10 Madsen R.L. 1.55 Malartic G.F. 1.45 Martin McNeely .31 Maclntyre 30.75 Mela Midrim .15 Intern Mogul 6.75 Nu West Homes A 6.00 New Athona .26 New Calumet .21 Noranda A 36.50 Northgate 4.85 Norlex .20 Pine Point Placer Dev. 18.50 Pax Exp. 1.35 Quebec Man .20 Rayrock 1.02 Radiore .24 Rio Algom 25.25 Roman Corp. 9.00 Sherritt Gordon 9.00 Steep Rock 1.46 Sunningdale Tek Corp. A 3.20 Texmont .18 United Canso Western Mines 2.53 WH Copper Mines 3.05 Wright Hargreaves 2.00 Willroy 1.66 Windfall .11 Yellowknife Bear 2.90 Zenmac .08 INDUSTRIALS Abltibl 11.25 Alean 27.75 Algoma Steel 26.00 Atco Ind 13 00 Jannack Agra Ind 6.75 Bell Tel Brascan A BC Tel Burns BC Forest BC Sugar A Bow Valley Ind Cable CAE Ind Carling O'Keefe Chemcell Can Cellulose Cal Power Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Greyhound 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 Kei Douglas A Lauremide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsors 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 Siscoe Versatile Mfg Westeel Westons Woodwards A Canbra Foods BANKS Can Imperial Montreal Nova Scotia Royal Tor Dom 14.00 18.75 18.00 13.00 8.00 2.36 5.75 4.90 22.75 3.10 19.75 2.70 16.75 14.75 13.25 25.50 14.25 32.50 43.50 14.75 24.75 27.50 3.60 44.25 25.75 15.50 44.CG 25.75 14.25 10.25 15.25 2.15 4.80 3.05 6.25 9.50 15.50 24.75 47.25 17.75 13.00 11.50 7.50 11.00 12.50 33.00 9.25 9.75 4.90 19.75 22.25 3.10 22.75 15.50 33.37 V4 29.25 34.75 New York by Richardson Securitlei of Amr T 4 T Anaconda Beth Steel Chryaur Comsat Duponl General Motors Gulf Int Harvester Kenn Copper Montgomery Ward Sears Exxon Texas Gulf Texas Co Woolworth Westlnghouse Elec 12.75 29.25 US Steel Gen Tel Elec 27.00 TORONTO AVERAGES 154.50 20 Industrials 180.59 up 1.S9 44.75 20 Golds 432.67 down 15.30 10 Base Metali 77.35 up ..52 15 Western Oils 178.04 up 8.20 Volume 24.25 NEW YORK AVERAGES 70.00 20 industrials 770.65 down 1.04 68.75' 20 Rails 152.66 down .19 16 Utilities 66.81 down .19 24.00 65 Stocks 230.99 down .46 TSE market prices up in moderate trading Election result affects oil stocks By THE CANADIAN PAESS Petroleum stocks were hammered lower on major Canadian stock markets but analysts were quick to discount that all the loss could be attributed to the Liberal election victory. Oil stocks had been drifting lower for some time they rumors that the British government plans to nationalize at least part of the huge North Sea oil exploration has also been a moderating factor. Alberta crops progress EDMONTON The g Alberta agriculture department reports today field crops are continuing to make good progress as a result of recent rainfalls. Average wheat height ranges from 10-12 S inches in southern regions to 5-7 inches in S the Peace River S district. Moderate to heavy grasshopper infestions are evident in southern Alberta although jj extensive spraying has resulted in minimal crop losses. Red turnip beetles are present in S north central regions and many areas of the Peace River district. SWftiS Low-power generator invented LONDON British scientists have invented a new low-power generator which can operate for years without maintenance or refuelling. Potential uses include marine telecom- munication weather stations and undersea systems. But the Liberal election vic- tory also brought with it the possibility that the govern- ment will reintroduce measures in its defeated May budget that would slap heavy new taxes on the petroleum and mining industries and financial institutions. The Toronto Stock Ex- change's western oil index hit its lowest point since Aug. more than 2Vz per cent during the day. But other sectors of the except also were down. On the Montreal Stock Ex- the index of 65 indus- trial stocks dropped to a 1974 low. Losers at Toronto included such name stocks as Imperial Oil down Noranda Dome Petroleum Aqui- taine and Canadian Superior Some analysts had predicted before Monday's election that a majority win by either of the main parties could remove investor uncer- tainty and spark a market at least for the short term. Shrimp pound found OTTAWA A signifi- cant expansion in the shrimp fishery off the central coast area of British Columbia may follow recent discoveries by federal fisheries says the environment department. A fisheries vessel conducted trawl tests in late April that located about 150 square miles of productive shrimp grounds centred 30 miles southwest of Namu in Queen Charlotte Sound. Major concentrations of good quality averag- ing 120 to the were found on the sea bottom at between 90 and 110 fathoms. T. H. research scientist in charge of the said the current stock should permit a catch of about pounds a at current prices worth about to fishermen. New shape in headlights General Motors will introduce a new rec- tangular four lamp head- lighting system on their 1975 cars that has a reduced height compared with round lamps and inches on a 1974 The lower height allows more space on front of cars for bumpers which are larger because of impact standards. Space is also available for front turn signals and parking lamps plus the potential to increase the downward slope of the hood to give the driver a closer look at the road. Wholesale TORONTO Prices on the Toronto stock market were sharply higher in moderate mid-morning trading today. The industrial wide- ly-based indicator of market rose 1.10 to base metals .44 to 77.87 and western oils 6.18 to 176.02. Golds fell 14.4 to 433.55. Advances outnumbered de- MONTREAL Prices were generally higher in light trading on the Montreal Stock Exchange today. Volume at 11 a.m. was shares compared with shares at the same time Tuesday. The banks index rose 2.95 to industrials 1.69 to the composite 1.60 to 181.94 and utilities .63 to 123.90 while papers fell .13 to 113.39. Dome Petroleum rose 1 to Algoma Steel to Canadian Pacific V. to and Bell Canada to to while Hollinger Mines fell Hi to Among speculative North American Asbestos rose one cent to 41 cents on a volume of shares. VANCOUVER Prices were mixed in light trading on the clines 126 to 95 with 138 issues unchanged. Volume by lla.m. was 000 shares compared with shares at the same time Tuesday. Imperial Oil A gained to Dome to Texasgulf IV. to Aqui- taine to and Noranda A to Falconbridge Copper was up V4 to Sherritt ft to Market trends Vancouver Stock Exchange Tuesday. Volume at the close was shares. In the International Hydrodynamics was unchanged at .60 on shares. EDP Industries was unchanged at .12 on Jolly Jumper was up .01 to .53 on shares. Coronet was unchanged at on shares. First City was un- changed at and lonarc was unchanged at .60. In the consolidated Fortune Channel was up .03 at .63 on 133.000 shares. Bathurst increased .08 to on 130.850 shares. Boston Bay was up .07 at .90 on 104.000 shares. Carolin was up .55 at on 82.900 Barrier Reef was down .06 at and Sabina was down .05 at In the Payette was down .03 at Livestock Calgary Hog prices CALGARY Wednesday's receipts to 11 a.m. on the Calgary public stockyards totalled about 800 mostly slaughter steers and heifers. Trade was moderately actjve. Slaughter steers sold steady with sales to 51.70. Steers under pounds sold under pressure at discounts of to Heifers sold barely steady with sales to 43.50. Beef quality premium included in steer and heifer quotations. Good cows sold about 1.50 lower with other grades steady. Bulls were steady. Steers Al-2 Heifers Al-2 cows Dl-2 D3 D4 20-25. Good bulls 30-34. Few good feeder steers weighing over 750 pounds were on offer selling steady. Good feeder steers over 750 pounds 39-44. No hogs were sold. price index Currencies up slightly OTTAWA The wholesale price index rose by one-tenth of one per cent in Statistics Canada reported Tuesday. The relatively small May change compares with a 1.7- percent jump in the consumer price index during the same month. That was the month during which gasoline and fuel oil prices at both retail and wholesale levels went up sharply. Weights assigned various product groups in the wholesale index are based on a survey done during 1935-39. The weight assigned petro- leum products in the wholesale price index is 2.8 per cent. In the consumer price fuel oil for home heating and gasoline for vehicles accounts for 4.7 per cent of the all-times index. The weight for all petroleum products in the consumer price index would be larger because such items as petrochemical feedstocks are included in weights for a variety of items. ABUNDANCE OF WATER Finland has the greatest length of inland waterways in the about miles of navigable lakes and rivers. MONTREAL Wednesday's mid-day foreign exchange selling rutes supplied by the Bank of Australia dollar 1.47 Bermuda dollar 1 01 China renminbi .5100 Denmark kroner .1680 France franc .2095 German mark .3930 Italy lira .001560 Japan yen .003460 Mexico peso .0793 Spain peseta 0174 Switzerland franc .3345 United States dollar .9760 United Kingdom pound 2.3600 U.S.S.R. ruble 1.30 Quotations in Canadian funds Gold futures WINNIPEG Gold U.S. Winnipeg .Commodity Exchange close Tuesday. 400-OUNCE Jly 74 _ Oct 74 Jan 75 Apr 75 Jly 75 166.00B Monday's 32 contracts. 100-OUNCE Aug 74 Nov 74 Feb 75 May 75 Aug 75 168.10A. Monday's Five contracts. Gold prices LONDON Tuesday's closing gold prices in U.S. dollars an London 145 50 Paris 149.91 Frankfurt 144.42 Zurich 145.00 Hong Kong 137.47 Beirut a kilo. Metals B.C. businessmen happy about election decision VICTORIA -Election of a Liberal majority govern- ment is a good if only because it means there will be no wage and price the president of the British Columbia Construction Association said today. I talked to were very much opposed to wage and price although this opposition was much stronger in Ontario than in Wayne Farmer said. Paving job VANCOUVER The ministry of transport an- nounced Tuesday the main runway of the Vancouver International Airport will be closed from Thursday for a million paving and' lighting job expected to take He said in an interview a large segment of the business community would have preferred a Conservative but voted Liberal because of the controls issue. He said construction com- panies in Ontario were concerned about worker backlash if wages were adding chances for labor peace were better in a free economy. This concern was not as strong in B.C. where unions are extremely militant Mr. Farmer said. Election of the Liberals probably means the 11-per- cent tax will come off construction equipment as outlined in the federal budget which was rejected by the op- position parties and led to the federal he said. There also was a good government would remove the 11-per-cent tax on building Mr. Farmer said. If the provincial govern- ment has promised to remove the five-per-cent provincial sales tax on building materials. will mean lower construction costs in British a fairly significant LONDON Tuesday's closing me.tals bid-ask in pounds sterling a metric silver in pence a troy Copper-spot futures 802-803 Tin-spot futures Lead-spot futures 217-218.5 Zinc-spot futures 454-456 Silver-spot 3 months 187- 187.2. Beef futures WINNIPEG Live beef futures close Tuesday. July Sept. Nov. Jan. 44.50B. Monday's No contracts. Earnings By THE CANADIAN PRESS Mount Royal Rice Mills three months ended May a 79 cents. Construction and General Workers Union Local 1111 WE HAVE MOVED TO 511 5th St. South OFFICE PHONE 328-7231 EDMONTON Prices to 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board. Tuesday's prices in brackets. 38.75 Red 38.75 Hogs sold to 11 a m hogs sold Tuesday. average lows average 22 50 Winnipeg grain WINNIPEG All com- modities slipped to easier price patterns in a mixed volume of trade at mid-session on the Winnipeg Com- modity Exchange today. Flax fell from a relatively firm open- ing to as much as cents below previous close Vancouver rapeseed was well off Tuesday's Thunder Bay rapeseed was 10 cents down ahd rye posted narrow losses in an uneven demand. Volume of trade Tuesday was bushels of of rapeseed and 253.000 of flax. Mid-session July five cents lower Oct. lower Nov. four lower Dec. five lower 9.28A. Vancouver Sept. lower Nov. lower Jan. lower 6.21 March lower 6.09'XiB. Thunder Bay Julv 10 lower Oct. 10 lower Nov. 10 lower Dec. no price. July two lower Oct. three lower Dec. lower May three lower 2.82A. Grain quotes Tuesday basis High Close Flax Jly 1010 1000 1010 Oct 995 975 Nov S48 Dec 933 Rapeseed Vancouver Sep 712 Nov 661 656 Jan 638 622Vi 633 Mar 628 609 619 Rapeseed Thunder Bay Jly 742 Oct 637Vj 627 633 Nov 636 634 634 Dec 581 Rye Jly 289 289 Oct 304 291 291 Dec 304Vz 289Vz May 285 Dollar value MONTREAL U.S. dollar in terms of Canadian funds at noon today was down 1-50 at 9-25. Pound sterling was down 1-20 at 59-100. In New the Canadian dollar was up 1-50 at 7-100. Pound sterl- ing was unchanged at S-10. Peed prices WINNIPEG Wheat board domestic feed grain prices 3CW red spring wheat No. 1 feed barley No. 1 feed oats 1.77. and United Siscoe five cents to Ranger rose to United Canso to and Numac to NSI Marketing lost five cents to 90 Dominion Textile to Domtar to Vz and CanDel V2 to Pamour fell to Quebec Sturgeon Vz to and Agnico-Eagle 'A to .67 on 148.000 shares. Copex dropped to .30 on shares. Galveston was unchanged at on 16.800 shares Payette Warrants was down .01V2 at on shares. Alaska Kenia was unchanged at .20 and Chap- para I was unchanged at .05. NEW YORK Investors push- ed stock prices marginally higher on technical factors brokers said. The a.m. Dow Jones average of 30 industrials was up 1.72 at 774 01 in light trading on the New York Stock Exchange. Advances led declines 555 to 419 among issues traded. NLT an insurance holding topped the NYSE's volume dropping Vi to Black and Decker fell to Texas In- struments to Avon Products 2 to Walt Disney Productions moved higher British Petroleum to Among Canadian Mclntyre gained 'A to Inco V2 to Canadian Pacific V8 to Hiram Walker to Dome Mines dropped to Seagrams Vj to V8. Chicago markets CHICAGO Major commodity futures generally trended lower on exchanges in the United States Tuesday. There were some sharp declines. On the Board of wheat futures came under active prolit taking and closed with losses of 20 cents a the in two deferred soybeans and soybean oil futures were mostly lower. Live cattle which had posted limit gains for nearly three weeks of trade on the Mercantile closed on a mixed tone as live hogs fell as much as a hundredweight Shell eggs also fell back a few but pork Bellies gained up to 100 points. Silver futures in New York and Chicago continued their strong upward gaining nearly 13 cents an ounce in New York and about 10 cents in Chicago. Cocoa futures also were but orange juice and world sugar futures all closed on lower tones. Wheat was off 17 cents a bushel and corn 7 cents at one then both but closed sharplv lower in the late flurry of evening. Soybeans meal and oil also exhibited some early then but closed on the weak side on profit taking and weather considerations. Dressed pork prices showed improvement and the cash hog supply was about but futures traders preferred to sell their commodity. Live cattle eased on a rather heavy cattle run. Pork bellies reflected improved cash level prices. At the close on the Board of Chicago wheat was down to 20 cents a bushel July Gulf hard red wheat not corn to lower. July Oats 3'A lower to July and soybeans lower to 4 July 6.40. Grain quotes July Sept Dec. Mar. May July Sept Dec. Mar. May 2.97. July Sept Dec. 1 May 40 ACRES MONTANA RANCH ASSUMED PAYMENT TREMENDOUS May be assumed by making 3 payments of and Principle Balance of at interest. Tremen- dous Ideal for recrea- tion and summer home. Un- rolling grass and pine areas. Just off 1-94 near Historic Miles Montana. CALL COLLECT FOR Area 408-658-0450 Whoop-up Days SALE STARTS TOMORROW Sea our id in Thurediy's Hinld RILEY McCORMICK CEimiE VU.IA6E HULL FOR SALE Standard Double-Bay ROBO CARWASH EQUIPMENT Including building and accessories. 3 yrs. old. Excellent ALSO 3 only 5.000 gal. underground tanks. 2 only Gilbarco Dual Product Dual Pumps 2 only Gilbarco Dual Product Single Pumps 1 only OH Merchandiser 2 only 12' canopies to VENTURE REALTY LTD. Alberta ;