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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 11, 1974, Lethbridge, Alberta i The Herald- Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN Trust 22-00 AND 5 75 Alton 4-40 Albany 4-85 Alta East Min -95 A Pfd 51.00 Yukon Ashland STOCKS BP Gas Trk A 12.75 Brenda Gas' Trk Pld 53.00 Cda Nat Gas Cdn Ex Metro Cdn Metro A Pfd 54.25 Cdn Ind Gas Nat Gas 9.00 Cdn Long and C Gas 10.00 Cdn and C Gas B Pfd 20.00 Chieftan Gas Trans 9.00 Dome Pipe 9-75 Pipe A Pfd Fort Pipe B Ptd 31.50 Giant War 1.00 Gibraltar Trans 18.CO Trans War 2.45 Gt Gt Cdn Oil -34 Oils Lytton Continental .02Vi Noble Warner North Cdn Numac Pancdn Explorations .24 Pan Norsemines 1.68 2.15 .75 Place Varden .17 Res. .08 Ranger 6.50 Scurry Mines 1 65 .04 .09 Total Standard 1.71 Ulster Copper 6.00 United Westcoast Brewing 4.85 West Industries .08 1.60 Acres Petroleum .25 Aquitaine BC Sugar C Pld Block 11.75 2 Pete. 15 Ponderay Explorations .71 Stampede Int'l Res .58 Canbra Foods Cdn Pac Inv A Pfd Carlmg O'Keefe A Pfd Carlmg O'Keele B Pfd Comm Cap Corp Crestbrook Ind Falcon Copper F and M 28.50 17.50 19.75 1.80 5.00 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 3.66 4.24 AGF. Special 1.92 Cdn. Invest Fund 4.25 4.66 Eaton Comnwlth 11.81 Leverage 2.72 Homo Oil Int'l Venture 5.12 Home Oil Investors 5.30 5.82 Hud Bay Co Hud Bay Invest Stock Fund 3.98 4.37 Grouped In Shares 2.57 Hugh Russell C Pld Husky Oil Husky Oil B Pfd Husky Oil E War Interprov Pipe War Interprov Steel Pipe Kaiser 16.50 3350 6 282 15.50 Equity 580 6.37 Invest Growth Fund 10.21 11 15 Investors Mutual 4.97 5.33 Mutual Accum 5.40 5.94 Mutual Growth Fund 2i66 2.92 Nat. Resources 3.91 4 30 N.W Cdn. 4.74 521 Kaiser Res W Growth 3 72 4.09 Loblaw Co C Mutual 6.24 6.83 Magnasonics Pacific 5.81 6.05 Templeton Growth 6.96 7.63 Pac West Accum 385 4.23 Pe-Ben oilfield Savings 6.90 7 60 Ramer 4.67 5.12 Toronto industrials by Richardson Securities of MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can MW Land Canada Tung Cassiar Central Pat. Chimo Conwest Cons Rambler Ccin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger A Hudson Bay A Hydra Ex Iron Bay Iso Joliet Quebec Kerr Addison 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 Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Sunningdale Tek Corp. A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknlfe Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Jannack Agra Ind Bell Tel Brascan A Tel 1 Forest 1 Sugar A 1 Valley Ind Ind O'Weefe Cellulose Power Credit CWN Gas Pfd Ind Marconi Vickers 4 aiss 3875 .36 45.00 1 Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar I Textile Siures 2 55 Pete Dofasco Mobile .40 Cdn Oil Gen Motors 1.90 28.25 Lakes Paper Gull Oil Greyhound .DO Sid Hiram Walker A Erie .24 Oil A Imasca A .31 29.00 Nickel Int Inv Grp A Int'l 1 Ltd 1 .32 Douglas A Laurentlde A 6.00 Massey Ferg McMill Bloed .21 Corp Molsons A B 30 Cent Corp Co CDA Sears Can A A 3.10 Grp A Trans Mtn Pipe Can Pipe Carbide Gas Oil Siscoe Mfg A Foods Imperial Scotia Dom 15.50 11.25 1375 1850 18.00 13.00 8.00 232 575 5.00 22.75 310 8 20.25 2.70 26.00 14.00 33.00 43.00 10.00 27.75 3.50 44.00 27.50 5.50 44.25 21.75 28.00 2575 14.25 10.00 15.25 2.20 4.70 310 i 9.75 20.50 17.75 13.00 5.25 11.50 7.50 11.00 29.50 12.50 33.50 9.75 12.75 9.75 18.75 7.75 9.75 4.75 20.50 3.05 15.00 33.25 New York by Richardfoa Securities of Amr. Woolworth Anaconda Westlnghouse Elec Beth Steel U.S. Steel Chrysler Gen Tel Elec Comsat 26.00 TORONTO AVERAGES Dupont 20 Industrials 180.16 down .14 General Motors 20 Golds 433.12 down 1.43 Gulf 10 Base Metals 77.62 down .66 Int Harvester 30.50 15 Western Oils 177.17 up 1.36 Kenn Copper Volume Montgomery Ward 76.25 NEW YORK AVERAGES Sears 68.50 20 Industrials 762.59 up .46 Exxon 20 Rails 149.56 down .42 Texas Gulf 23.75 15 Utilities 66.01 up .02 Texas Co 11.50 65 Stocks 227.97 down .05 Lower TSE price trend continues in light trade TORONTO Prices on the Toronto stock market were fractionally lower in light midmorning trading today. The industrial widely-based indicator of market fell .22 to golds 3.59 to 430.96 and base metals .60 to 77.88. Western oils rose 1.22 to 177.01. 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 Wednesday. Banks dropped 1.76 to composite .25 to 182.24 and industrials .21 to 191.43 while utilities rose .26 to 124.44 and papers .11 to 114.05. Texaco Canada dropped I'-i to Chrysler Vt to Bank of Montreal to and Genstar Vfc to while Bell Canada rose Vi to Among speculative Beaver Mining dropped 15 cents to on a volume of shares traded VANCOUVER Prices were up in moderate trading on the Vancouver Stock Exchange Wednesday Total volume at the close was 2.612.189 shares. In the Thermo Plex was unchanged at 43 on shares. Captain International was down 05 at 15 on lonarc was down .05 at .55 on shares and Pace Industries was unchanged at .60 on shares. Newmark was unchanged at .85 and Sparlings was unchanged at 90 Volume by 11 a.m. was 000 shares compared with shares at the same time Wednesday. Declines outnumbered ad- vances 115 to 82 with 143 issues unchanged. Labatt A lost to Walker-Gooderham A to Algoma Steel to Agra Industries to and Laidlaw Transportation to Market trends In the Bathurst was down .22 at on shares Consolidated Fortune Channel was unchanged at .63 on Silver City was down 13Vz at .20 on shares and Sonesta was down .01 at .86 on shares. Carolin was down 25 at and Adonis was up .01 at .15. In the Payette was up 23 at .90 on shares. Payette Warrants A were up at .37 on Cop-Ex mining was up at .31 Vz on and Galveston was up .04 at on shares Davenport was down 01 at .74 and Princess was unchanged at 20 NEW YORK Stock prices turned mixed after a quick decline in early session trading. The II. 30 a.m. Dow Jones average of 30 industrials was off .70 at after being down nearly 4 points a half- hour after the opening. Declines led advances 579 to 429 among issues traded on the New York Stock Exchange. Trading was moderate. On the Fannie Mae was most up at American Telephone was down at Livestock Calgary Hog prices CALGARY Receipts to 11 a.m today from the Calgary public stockyards totalled 850 mostly slaughter cattle. Trade was moderate- ly active on steers and heifers and dull on cows. There was a moderate demand for steers and heifers Slaughter steers and heifers sold steady for quality The beef quality premium was included in steer and heifer quotations. Cows were barely steady Bulls sold steady A2- 49.50 to 50 70 40 to 42.50. 28 50 to 30 60 D3. 25 to 28 50. D4- 20 to 25. good. 30 to 34. Replacement cattle consisted of steers weighing more than 790 pounds and heifers more than 600 pounds. Prices were generally steady Good feeder steers more than 750 39 to 45.90. Good feeder heifers more than 600 31 to 38 No hogs were sold to 11 a.m. Qold futures WINNIPEG Gold U S Winnipeg Commodity Exchange close Wednesday. 400-OUNCE Jly 74 138 75A. Oct 74 Jan 75 Apr 75 Jly 75 161 MA Tuesday's volume. 136 contracts. 100-OUNCE Aug 74 Nov 74 146 Feb 75 152 May 75 Aug 75 163 10A Tuesday's volume 82 contracts. EDMONTON Prices to 11 a m Thursday provided by the Alberta Hog Producers Marketing Board. Wednesday prices in brackets. Edmonton. 3900 Red 39.00 Hogs sold to 11 a.m. hogs sold Wednesday average sows average 22.50. Gold prices 'LONDON Wednesday's closing gold prices in U S dollars an ounce. London 138 50 Paris 143.60 Frankfurt 141 70 Zurich 141.00 Hong Kong 141.69 Beirut a kilo Dollar value MONTREAL U.S dollar in terms of Canadian funds at noon today was down 3-100 at 9-25 Pound sterling was down 1 63-100 at 12.32 In New the Canadian dollar was up 3-100 at 71-100. Pound sterling was down 1 3-5 at 7-20 Beef futures WINNIPEG Live beef futures close Wednesday July Sept. Nov. 45 Jan 44 50 Tuesday's volume. Four contracts Winnipeg grain WINNIPEG Rapeseed prices eased through mid-session to- day on the Winnipeg Commodity Ex- change. Thunder Bay positions were hardest losing as much as nine cents a bushel in a generally light trade which had opened was mixed in moderate activity. Near months showed modest losses Flax was the bright spot with gains of as much as cents a bushel. Wednesday's volume of trade was 477.000 bushels of of rapeseed and of rye Mid-session prices. Flax- July higher Oct higher Ncv. and Dec not open Rapeseed Vancouver. Sept. two lower 6 Nov lower 5 Jan. three lower March two lower 6.03'AA Rapeseed Thunder Bay July nine lower Oct. four lower Nov eight lower Dec. unchang- ed 581A Oct. lower Dec. lower 2 May nine higher 2 July not open. Grain quotes Wednesday Lakehead Higb Low Flax Jly 1000 Oct 993 Nov 949 940 Dec 928 Rapeseed Vancouver Sep 690 Vz Nov 652 637 Jan 630 Mar 613 603 Rapeseed Thunder Bay Jly 732 631 Oct Nov Dec Rye Jly Oct Dec May 289 292 622 281 282 basis Close 977'A 940 922V. 677 618 722 622 622 581 285V4 282 1003 4th Avenue Lethbridge Telephone 328-4426 ervices CORRECTION In our advertisement on page 5 of July 10th Lethbridge the following Item should have read B.C. GROWN No. 1 LARGE HEAD LETTUCE Crisp Green 2i49 Bell Canada gained to Gulf Canada to Texas Gulf to Union Carbide Canada V4 to and Dome Pete tt to Dome Mines was down 1 to Campbell Red Lake to and Dickenson to Mattagami was up to and Pamour to Chieftain fell to United Canso rose 1 to and Ranger to Dow Chemical to Monsanto to Stocks hit hard Wednesday recovered a bit. Burroughs gained 'A to Avon Products to Texas Instruments IVfe to Among Canadian Seagrams was up Vt to Dome Mines declined Vt to Alcan to Canadian Pacific to Inco was unchanged at Massey Ferguson at Chicago markets CHICAGO Most of the major commodity futures gain declined on major United States exchanges Wednesday. Silver displaying a close relationship with the movement of gold prices did an aoout face after Tuesday's 12 cents an ounce advance and fell back the limit of 20 cents an ounce. The expiring July options here and in New York posted greater losses Soybeans fell the limit of 20 cents a bushel on the Board of Trade and other soybean meal and oil also dropped. On the Mercantile limit declines were posted in live hog live pork bellies and shell egg futures Liberal marketings and profit taking were blamed for the declines. Other losers in New York included Maine cocoa and orange juice futures. World sugar gained about 80 points on a good but cotton and coffee futures closed on mixed tones in rather light trade. When trade had ended on the Board of Chicago wheat was H4 to 10 July Gulf hard red wheat not corn 5 to 9 July 3 and oats to July 1 53 oats and soybeans fell to about limits for each but in the closing minutes two soybeans options touched the downside limit. Grain quotes Wednesday. Jul 4 Sep 4 Dec 4 41 Mar 4 May 4.38. Conv Jul 3 Sep Dec Mar May Jul 1 Sep 1 Dec Mar 1 May 1.59N Energy board to continue study on ethylene exports OTTAWA The Na- tional Energy Board will con- tinue its study of a major application to export but a decision may be delayed by legal action before the Federal Court of Canada. Notices of motion have been filed with the court by the Manitoba government seeking full public hearings before the board on the application from Dow Chemical Canada Ltd. The board decided Wednesday to withhold its expected by Aug. unless the court has handed down a ruling by that a spokesman said. The Manitoba government is seeking a reversal of a board decision last month to allow only Dow witnesses to give evidence during its hearings. That decision meant others interested in the case could only submit written briefs. The board said that called ex was chosen to speed the proceedings. It said much of the information needed to consider the application came out during public hearings last year on a related application for a pipeline from Alberta to Ontario. Manitoba Attorney-General F. Sherwood said the issues are of importance as to warrant full public hear- A brief sent to the board earlier asked that no exports of ethylene be allowed until more processing takes place in Canada. The government also objected to export of natural gas derivatives at a time of an acknowledged natural gas shortage in The first phase of a Dow ethylene plant proposed for Fort Saskatche- would use natural gas as its raw material. The Federal which normally recesses for the summer said it would hold a special hearing here July 18 to consider the notices of filed with the court in Winnipeg last Friday. Japan's economy has hit 'bottom' TOKYO The Jap- anese economy has hit the bottom and is likely to stay there for some time to says the Bank of Japan. In its monthly financial the Central Bank cited following With restraints on demand and credit supply in manufacturers are expected to continue or step up their voluntary production of products in the hands of manufacturers and distributors are still at fairly high will be some time before a full-fledged pickup in individual consumption begins. The report said commodity prices remained either flat or bearish in June reflecting the slow demand for producer goods due to industry's continued production curtailment and persistent efforts to trim inventories. As to the balance-of- payments the report said the trading account deficit in May decreased to million from million in because exports expanded by 15.5 per cent against a 9.5 per cent gain in imports. Open office EDMONTON Wood Gundy Ltd. has opened a money market office the second to be established in Alberta this year. Ray Richards of manager of the firm's money market today said the of the province and the availability of both borrowers and lenders made success prospects good. Burns Brothers and Denton Ltd. of announced the opening of their money market operation in Edmonton last May. Mr. Richards said Alberta been due for a money market for some time. Gold price dips sharply LONDON price of gold fell sharply in Europe today. Dealers said speculation that United States banks would raise prime rates to a record 12.5 per cent was attracting funds out of gold and into foreign- exchange markets. In the metal fell to an ounce. In gold lost dropping to an ounce. 40 ACRES MONTANA RANCH ASSUMED PAYMENT TREMENDOUS May be assumed by making 3 payments of 04 and Principle Balance of at interest. Tremen- dous Investment. Ideal lor recrea- tion and summer home Un- grass and pine areas Just off 1-94 near Historic Miles Montana. CALL COLLECT FOR Area Code 406-656-0450 The Lethbridge Herald think PART IV PICTURE QUIZ 5 POINTS This world leader has been in the news. Can you identify HOW DO YOU 71 to M polnti Good. tl to 100 pofcut TOP SCORCI 61 le 70 polnti Fair. to M EIMHMI. 60 or H'mml FAMILY DISCUSSION QUESTION What do you think were the most important issues in the election 'STUDIENTS YOUR NEWS QUIZ PART 9 NATIONAL AND INTERNATIONAL Give yourself 10 points for each correct answer. 1 Mikhail a Soviet ballet hockey defected to the West during a tour of Canada. 2 Juan President of died at the age of 78. a-Argentina b-Brazil c-Chile 3 Peron was succeeded in office by his who had been serving as Vice President. 4 A controversial called DBS has been in the news. a-Soviet missile system hormone c-insecticide 5 A horse named won the 115th running of the Queen's Plate. a-Rash Move b-Native Aid c-Amber Herod PART II WORDS IN THE NEWS Take 4 points for each word that you can match with its correct meaning. 1.....immigrant 2.....indigent 3.....dissident 4.....dissipate 5.....imminent a-poor. needy b-one who disagrees c-ready to take place d-one who moves to an- other nation to make his home. e-break up and disappear PART III NAMES IN THE NEWS Take 5 points for names that you can correctly match with the clues. 1.....Gerald Regan 2.....Bora Laskin 3.....William Davis 4.....BJorn Borg 5.....Steve Renko a-Chlef Supreme Court of Canada b-Swedish tennis star c-Montreal Expos pitcher Nova Scotia Ontario 8-74 Inc. Save Pract'ce Valuable Reference Material for Exams. ANSWERS ON REVERSE PAGE ;