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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 16, 1974, Lethbridge, Alberta July LETHBRIDQE HERALD-3 TSE market prices down slightly at mid-session TORONTO Prices on the Toronto stock market were fractionally lower in moderate mid-morning trading today. The industrial wide- ly-based indicator of market fell .11 to base metals .08 to 78.32 and western oils 1.07 to 176.63. Golds rose 11.7 to 464.67. 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 Chicago markets CHICAGO Commodity futures were in strong demand Monday on the major markets in the United States. Much of the demand appeared to be of a speculative probably not long term. Silver futures took a sharp tur- advancing the limit of 20 cents an ounce on New York and Chicago Ex- changes It was believed thai the buy- ing interest in and later was sparked by a firm upward move in gold prices abroad World cotton and orange juice futures also showed some strength Wool and coffee futures eased. On the Chicago Board of limit gains were posted in soy- bean corn and oats futures Iced broilers and soybean meal slo closed higher. Live hog and pork belly futures on the Chicago Mercantile Exchange pushed limits while live cattle closed 67 cents lower to 98 higher. Shell eggs gained a few reflecting allied market firmness At the soybeans were up 20 cents a July Chicago wheat unchanged to 5 lower. July 4 Gulf wheat not corn 8Vi to 10 July 3 and oats 6 July 1 Grain quotes Monday Jul 4 43. Dec 4 Mar 4 55. May 4.50. Com Jul Sep Dec 3 Mar 3.07. May 3 09 Oats- Jul Sep 1 64Vz. Dec 1 Mar May 1 71V2B shares at the same time Monday. Declines outnumbered ad- vances 106 to 93 with 139 issues unchanged. Andres Wines lost 1 to Canada Permanent Mortgage to Walker- Gooderham A to Domtar to and Inco to Multiple Access gained 50 cents to Bell Canada Vi Market trends same time Monday Papers fell 1.50 to industrials 67 to 194.40 and the composite .39 to 185.45 while banks rose 75 to 233 29 and utilities 02 to 127 62 Domtar fell H to Con- solidated Bathurst to Husky Oil to and Chrysler to while Canadian Imperial Bank rose to Among speculative Abitibi Asbestos Mining rose 15 cents to 70 after trading shares VANCOUVER Prices were down in light trading on the Vancouver Stock Exchange Monday. Total volume was shares In the lonarc was un- changed at 55 on shares. Canada A was unchanged at on Newmark was up 10 at 85 on shares and Captain Inter- national was down .04 at 21 on shares Canada Packers warrants were unchanged at and Northwest Finance was unchanged at In the Exeter Mines was up .05 at .23 on shares. Sonesta was up 04 at 86 on Skaist to Distillers Corp. to CHUM B to and Tex- asgulf V4 to Pamour was up to Dickenson to and Cam- flo to Tara was down V4 to and Northgate five cents to United Canso rose to Pan Ocean to and Ram Pete 10 cents to Canada Southern Pete fell five cents to was unchanged at .16V2 on shaita aim Silver City was down at .20 on shares. Yukon Gold was down .02 at 18 and Consolidated For- tune Channel was down 01 at 57. In the Payette was down .02 at .71 on shares. Cop-Ex Mining was up 01 at .31 on Colonial was up .05 at on shares. Galveston was down .11 at and August Petroleum was un- changed at 35 NEW YORK The stock market turned downward today while investors took a wary second look at the outlook for a break in the interest rate spiral Thell 30 a.m. Dow Jones average of 30 industrials was down 7.90 at 778.71. Losers led gainers by a sevpn-to-four margin on the NYSE. Blue chip and glamor issues were particularly weak in slow trading on the New York Stock Exchange. Among Canadian issues. Dome Mines was up to Inco dropped to WAI. Massey Ferguson to Canadian Pacific was unchanged at Winnipeg grata WINNIPEG Flax continued to post strong gams in a brisk volume of trade at mid-session on the Win- nipeg Commodity Exchange but maximum rapeseed gains were trimm- ed somewhat in a moderate demand Rye was barely firm in the nearby July but fell as much as seven cents on deferred trading Volume of trade Monday was bushels ol flax. 991.000 of rapeseed and 911.000 of rye Mid-session Flax July 21 cents higher Oct 23 higher 10 Nov 25 higher 10.46A. Dec 28 higher 10 31B GENERAL FARM Presents The Weather SUNRISE WEDNESDAY SUNSET H L Pre Lethbridge......86 52 Pincher Creek... 80 52 Medicine Hat 86 58 .02 Edmonton 81 51 Grande Prairie 77 49 .84 Banff........... 89 56 Calgary......... 85 54 Victoria 65 48 .02 Penticton....... 80 44 Prince George 68 .39 Kamloops....... 76 47 .05 Vancouver...... 61 49 .01 Saskatoon....... 83 62 .39 Regina 83 67 Winnipeg 84 60 Toronto......... 77 51 Ottawa......... 73 55 Montreal 78 56 St. John's....... 78 55 Halifax......... 66 59 .03 Charlottetown 74 59 .13 Fredericton 71 58 .06 Chicago 83 64 New York 93 70 Miami........'.. 86 78 Los Angeles.....86 67 Las Vegas.....89 78 .04 Phoenix 100 81 Athens .........97 77 Rome.......... 90 68 Paris...........68 57 London......... 63 54 Berlin.......... 73 54 Amsterdam.....64 57 Moscow 72 55 Stockholm 64 57 Tokyo..........81 72 Lethbridge Medicine Hat Regions Today and Sunny. Winds westerly 20 to 25 and gusty highs in the upper seventies. Lows tonight near 55. Calgary Regions Mainly sjinny. Winds increas- ing to northwest 20 and gusty this morning. Highs 70 to 75. Cloudy periods with brisk northwesterly winds during the afternoon. Lows 45 to 50. Highs near 70. Columbia Kootenay sunny becoming cloudy with occasional light rain overnight. Cool. Eighs near 75. Lows overnight 45 to 50. sunny with afternoon and evening cloudiness. A few afternoon and evening showers or thundershowers. Highs near 75. MONTANA East of Continental Divide Widely scattered showers and thundershowers a few west today. Highs both days 80s 85 to 95 east. Lows tonight mostly 55 to 65. West of Continental Divide A few showers and thundershowers mostly in mountains today and Wednesday. Highs today 75 to 85. Lows tonight 45 to 55. Highs Wednesday 80s. Vancouver Rapeseed Sept 11'A higher 7 Nov 12Vz higher 6 Jan 13 higher 678. March higher 6 63VzA Tunder Bay Rapeseed July uii- changed 7 47B. Oct 15 higher 6.78A. Nov six higher 6 Dec 6 41B. Rye. July unchanged lower 2 Dec seven lower 2 May lower 2 93A Grain quotes Monday basis Lakehead- High Low Close Flan Jly 1079 Oct 1053 Nov 1021 Dec 1003 Rapeseed Vancouver Sep 725 Nov 687 Jan 665 Mar 658 Rapeseed Thunder Bay Jly 747 Oct 663 Nov 672 Dec 621 Rye Jly 310 308 310 Oct 305 298 301Vi Dec 300 292 May Livestock Calgary POST HOLE AUGERS AND POST DRIVERS Rear's Post Hole Augers Available now 3 point and front mount shaver post driver. 1 used front mount driver. Good selection of fence and corral posts on hand. GENERAL FARM SUPPLIES Cotitte Highway 1202 Phono 329-1141 PORTS OF ENTRY opening and closing Carway 6 a.m. to 12 Chief Mountain 7 a.m. to 10 Coutts open 24 Del Bonita 8 a.m. to 9 Kingsgateopen Porthill-Rykerts7a.m. to 2 8 a.m. to 9 Rooseville 8 a.m. to midnight. _ A _ TK I A. CALGARY Receipts to 11 a m Tuesday included 800 most- ly slaughter steers and heifers. Trade was active with a good demand Slaughter steers sold under higher with sales to Heifers SI sales to cows met a narrow demand at steady prices Steers Al-2 50 to A2 49 to 50.25. Heifers Al-2 41 to A3 39 to 40 50. Cows Dl-2 28.50 to 30 D3 25 50 to D4 20 to 25 Replacement cattle were practically all steers weighing over 750 selling steadily. Good feeder steers over 750 pounds 39 to 44 No hogs sold to 11 a.m. Hog prices EDMONTON Prices to 11 a.m Tuesday provided by the Alberta Hog Producers Marketing Board. Mon- day prices in brackets. Edmonton- 4000 Nil Red 40.00 Grande Prairie. Nil Hogs sold to 11 a.m. Hogs sold Monday average sows average 22.50. Gold futures WINNIPEG Gold U.S. Winnipeg commodity ex- change close Monday. 400-ounce Jly Oct Jan Apr Jly 75-162.90. Friday's 193 contracts. 100-ounce Aug Nov Feb May Aug 75-164 OOB Friday's volume' 57 contracts Gold prices LONDON Monday's closing gold prices in U.S dollars an London 139.00 Paris Closed Frankfurt 140 49 Zurich 136.70 Hong Kong 135.06 Beirut a kilo Dollar value MONTREAL U.S. dollar in terms of Canadian funds at noon today was down 1-50 at 19-25. Pound sterling was down at 33 3-10. In New the Canadian dollar was up 1-50 at 29-100. Pound sterl- ing was down 1-5 at 13-20. Beef futures WINNIPEG Live beef futures close Monday Sept The Herald- Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines 5.00 Albany Oil .39 Alia East Gas 4.70 Alminex 5.25 Asamera 7.75 Ashland Oil 7.00 BP Canada 13.00 Brenda Mines 5.37Vi Cda So'jth 3.05 Cdn Ex Gas 2.69 Cdn Homestd 4.00 Cdn Ind Gas Oil 6 75 Cdn Long Is .17 Cdn Super 35.25 Chieftan Dev Dome Pete 25.12V4 Dynasty 7.50 Fort Reliance .16 Giant Mascot .95 Gibraltar Mines 8.00 Gramsle 7.25 Gt Plains 39.75 Gt Cdn Oil S 7.37Vz Lochiel Ex 1.58 'Lytton Mm 1.55 Noble Mines .55 North Cdn Oil 3.20 Numac Oil Gas Pancdn Pete 9.25 Pan Ocean Petrol 1.42 Pinnacle .30 Place Gas .33 Ponder .46 Ranger Oil Scurry Ram 19.75 Seibens 11.50 Spooner 27 Total Pete 7.50 Ulster Pete .94 United Canso 13.75 West Pete 3.20 West Decalta 6 00 MISCELLANEOUS INDUSTRIES Acres Ltd 7.25 Aquitaine 22.12Vz BC Sugar C Pfd 12.00 Block Bros 2 90 Canbra Foods 2 75 Cdn Pac Inv A Pfd 29.00 Carlmg O'Keete A Pfd 17.75 Carlmg O'Keefe B Pfd 19.87Vz Comm Cap Corp 1.75 Crestbrook Ind 5.75 Falcon Copper F and M Trust Co 4.30 Genstar 17.00 Home Oil A 35.75 Home Oil B 32.75 Hud Bay Co Hud Bay Oil 26 75 Hugh Russell C Pfd 68.00 Husky Oil Husky Oil B Pfd 33.50 Husky Oil E War 6.00 Interprov Pipe War 2.90 Interprov Steel 15.75 Kaiser Res 4 10 Kaiser Res War 1 80 Loblaw Co C Pfd 24.50 Magr.asonics 1.46 Pacific Pete Pac West Air Pe-Ben Oilfield Serv 5 25 Ramer me 3 12Vz Royal Trust 22 25 Sandwell Teledyne Tnmac Westfield Min Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd inland Nat Gas N and C Gas N and C Gas B Pfd Pacific Gas Trans Trans-Cda Pipe Trans-Cda A Pfd Trans-Cda B Pfd Trans-Cda War WC Trans WC Trans War 5.75 4.15 4.75 .95 51.00 6.62'A 12.87V4 53.25 17.62Vz 5.25 55.00 900 20.00 9.75 53.50 31.50 .96 18.75 2.50 CALGARY Acroll .36 Barons Oils N. Continental .02V4 Western Warner .25 VANCOUVER MINES Atlas Explorations .22 Bathurst Norsemines 1.51 Dankoe 2.30 Davenport .75 Dolly Varden .18 Equitorial Res. 08 6.30 Northair Mines 1.90 Primer .04 Pyramid .08 Silver Standard 1.63 Valley Copper 6.00 INDUSTRIALS Columbia Brewing 485 Key Industries .08 Wardair 1.65 OILS August Petroleum .39 Plains Pete. 14 Ponderay Explorations .70 Stampede Int'l Res .61 MUTUAL FUNDS All Cdn. Compound 5.17 5.62 All Cdn. Dividend 5.38 5 85 All Cdn. Ventures 2.75 2 99 Amer Growtn Fund 401 4.41 AG.F Special 2.00 Cdn Invest Fund 4.33 4.75 Collective Mutual 4.42 4.85 Eaton Commonwealth 11.96 Eaton Leverage 2.80 Eaton Int'l Venture 5.16 Corp. Investors 5 36 5.89 Corp Invest Stock Fund 4.06 4.46 Grouped Income Shares 2.61 Growth Equity 5.90 6 48 Investors Growth Fund 10.42 11 39 Investors Mutual 4.98 5 44 Mutual Accumulating 5.43 5.97 Nat Resources 3.98 4.37 N W Cdn. 4.84 5.32 N.W. Growth 3.88 4 26 Principal Growth 3 63 3 99 Provident Mutual 6.39 6.98 Royfund 4.98 5 19 Templeton Growth 6.94 7.61 United Accumlative 3.95 4.34 Universal Savings 7.01 7.71 vanguard 4 73 5 18 Toronto industrials by Kichardson Securities ot MINES Acme Advocate Asb 1 30 Akaitcho 1.90 Bralorne 1.30 Broulan .50 Bethlehem 11 I2y2 Bovis 1 42 Brunswick 3 90 Can. NW Land 4.75 Canada Tung 3.80 Cassiar 5.87V4 Central Pat. .90 Chimo i 13 Conwest 3 55 Cons. Rambler 2.55 Com Lake Cochenour 1 55 Craigmont 4 75 Dickenson Mines 1000 Denison Mines 40 00 D'Eldona .36 Dome Mines 49.00 Discovery Mines East Malartic East Sullivan 2.53 Falconbndge 42 00 Frobex .20 First Maritimes .40 Giant Y. K. 14.75 Granduc 1.95 Hollmger 28.00 Hudson Bay A 18.75 Hydra Ex .66 Iron Bay 4.70 Iso 1.32 Joliet Quebec .24 Kerr Addison 12.00 Key Anacon .31 Labrador 29.00 Lake Shore 4.80 Langis Silver .11 Madsen R. L. 1.85 Malartic G. F. 1.60 Martin McNeely Maclntyre 30.25 Meta Midnm .15 Intern Mogul 6.62Vz Nu West Homes A 6.00 New Athona .26 New Calumet .22 Noranda A 36.50 Northgate 4.55 Norlex .20 Pine Point Placer Dev. 18.50 Pax Exp. 1.70 Quebec Man .21 Rayrock 1.05 Radiore .24 Rio Algom 25.75 Roman Corp. 9.50 Sherritt Gordon Steep Rock 1.51 Sunningdale 6.00 Tek Corp A 3.10 Texmont .20 United Canso Western Mines 2.57 WH Copper Mines 3 30 Wright Hargreaves 1.95 Willroy 1.80 Windfall .11 Yellowknife Bear 3.00 Zenmac .08 INDUSTRIALS Abitibi Alcan 27.75 Algoma Steel 26.50 Alco Ind 13.25 Jannack 5.75 Agra Ind 7.00 Bell Tel Brascan A 13.50 BC Tel 52 50 Burns 11 25 BC Forest 14.00 BC Sugar A 18.50 Bow Valley Ind 18.00 Cable CAE Ind Carlmg O'Keefe 2.25 Chemcell 6.00 Cda Cellulose 4.80 Cal Power 22.75 Coron Credit 3 10 CWN Gas Pfd 9.00 Cdn Ind 20.75 Cdn Marconi 2.71 Cdn Vickers 16.75 Chrysler 14.75 CPR 13.75 Commco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge 42.50 Dorntar Dom Textile 9 Dom Stores 15 00 Dome Pete Dofasco 28.50 Glen Mobile 3.50 Grt Cdn Oil Gen Motors 43 25 Grt Lakes Paper 20.50 Gulf Oil 28.00 Greyhound 16.25 Hawker Sid Hiram Walker A Huron Erie Imperial A Imasca A Int Nickel 26 00 Int Pipe 14.50 Inv Grp A 6.50 IU Int'l I AC Ltd Kaps 2.15 Kel Douglas A 4.70 Laurentide 7.75 Loeb 3.15 Loblaw A 6.75 Metropolitan 10 00 Massey Ferg McMill Bloed 24.50 Moore Corp Molsons A Molsons B 18.25 Nachurs North Cent 9.75 Power Corp 11.00 Price Co 12.75 Peyto 5.00 Rothmans 11.75 Shell CDA 13.50 Simpsons 7.75 Simp Sears 10.50 Steel Can A 30.00 Selkirk A 12.75 Texaco 34.00 Trad Grp A Trans Mtn Pipe Trans Can Pipe 9 75 Union Carbide 18.75 Union Gas 7.50 Union Oil 9.50 United Siscoe 4.80 Versatile Mfg 5.75 Westeel 21.00 Westons 23.00 Woodwards A 21.25 Canbra Foods 2.75 BANKS Can Imperial 23 50 Montreal 1550 Nova Scotia 33 50 Royal 30.00 Tor Dom New York by Richardson Securities of Amr. Woolworth 14 00 Anaconda 2050 Wesilnghouse Beth Steel U.S. Steel Chrysler Gen Tel Elec Comsat 27.50 TORONTO AVERAGES Dupont 151.50 20 Industrials 182.94 down .26 General Motors 44.50 20 Golds 468.84 up 1.59 Gulf 10 Base Metals 76.20 down 20 Int Harvester 15 Western Oils 176 78 down .92 Kenn Copper Volume 606.000 Montgomery Ward 25.25 NEW YORK AVERAGES Sears 20 Industrials 778 71 down 7.89 Exxon 20 Rails 156.45 down .81 Texas Gulf 25.50 15 Utilities 67.16 down .54 Texas Co 65 Stocks 234.07 down 2.02 14 nn o Qftn nnn Energy board allocates hike in U.S. oil exports Herald Ottawa Bureau OTTAWA The National Energy Board has allocated barrels per day of do- mestic crude oil to the U.S. export market during the month of an increase of about 10.5 percent com- pared to the amount authoriz- ed for export during July. And the NEB has authorized the movement of the equivalent of barrels per day of western crude oil to the eastern market beyond mainly the Montreal refineries serving Eastern On- tario and Quebec. This includes barrels per day via the Great Lakes- St. Lawrence Seaway from Sarnia and the equivalent of barrels per day via the Panama canal from Van- couver. Total domestic production of crude oil during August has been estimated by the NEB to be barrels per with or more than destined for domestic consumption. According to the the dramatic increase in authoriz- ed exports during which breaks a recent pattern of decreasing is the result of higher-than-normal inventories of domestic crude oil. The NEB has decided to dip into the oil inventories and al- low the export of more than barrels a day of Oil gov9t pipeline views differ domestic in addition to the barrels a day of ex- ports from the estimated domestic production during for the total of some b.p.d. Last the export of some barrels a day was authorized by the NEB. The amount of domestic crude authorized to move into the Eastern Canada market during August is almost exact- ly the same as the amount authorized for barrels a day in August com- pared to for July. But the amount destined to move to the East Coast via the Panama canal from Van- couver has jumped 31 percent for bpd tor August compared to bpd for to the NEB. A year the NEB author- ized a total export to the U.S. of 1.1-million barrels per day compared to this August's figure of barrels per day. TORONTO George Moreton of president of the Esso Chemical Canada division of Imperial Oil says a proposed ethylene pipe- line connecting Alberta and would help develop Alberta's petrochemical industry. In an Mr. Moreton disagreed with views expressed by the Alberta government that the pipeline would tend to aid petrochemical industry ex- pansion in the United States and Sarnia at Alberta's ex- pense. The pipeline project is being advanced by Dow Chemical of Canada Sarnia. Dow pro- posed to build two ethylene plants in Alberta by 1979 and export half the output to the U.S. via the pipeline and an- other portion to Sarnia. seems to me the pipeline provides nothing but pluses for Mr. Moreton said. opens up a market for a manufactured product that Alberta wants to make and it would seem to permit the building of more plants than if you did not have He said it would prevent Al- berta petrochemical manufac- Paper price increased VANCOUVER Mac- millan Bloedel announced Monday price increases for standard 30-pound white newsprint. Effective Aug. the price on the lower mainland and .Vancouver Island will be a ton. The new price for interior British Columbia and Alberta will be a ton and on the United States West Coast it will be a ton. turers from being caught in a pattern of development. you have an eth- ylene plant operating at capacity and somebody wants to build a polyethylene plant in you just could not justify the building of another ethylene plant to supply one polyethylene plant. PUBLIC BBNQO m 16 GAMES BLACXOUT Until LETHBHIDGEELKS LODGE ROOM EVERY THURS.-8 p.m. Lethbridge Fish 4 Game Assoc. BINGO Wednesday at JACKPOT IN 51 NUMBERS 3 4th 3th 10th In 7 GOLD CARDS PAY DOUBLE FREE CARDS EAGLES 13th STREET K. FREE GAMER No Children Under 16 LOYAL ORDER OF MOOSE Ave. North REGULAR W1D. NIGHT BINGO 8 P.M. 25 GAMES DOUBLE MONEY CARDS MANY EXTRAS This week's Jackpot in 53 Numbers fi CARDS SI J1 CARDS PAY DOUBLE DOOR PRIZE Wo one under 76 years allowed to play1 HELP US TO HELP The Salvation Army Welfare Services Need Household Effects CALL 328-2860 FOR PICK-UP SERVICE or LEAVE AT 412 AVE. S. LEGION BINGO EVERY WEDNESDAY at 8 P.M. S500 JACKPOT BLACKOUT IN 58 NUMBERS OR LESS one number per week until lit GAME JACKPOT 5th GAME 10th GAME JACKPOT IN 53 NUMBERS FMH BUS SIRVICB HOME AFTIR BINQO MEMORIAL HALL PUBLIC MEMBERS AND GUESTS NORMANDY LOUNGE CHILDREN UNDER 16 NOT ALLOWED Sponsored by Ladies' Auxiliary to Canadian Legion The Colonel and his Boys want you to hav e A HAPPY SUMMER When you buy a You get this Bucket or Barrel... Holiday Safety Pack Each Kleenex Mercurochrome Calomine Lotion Spray Can of Insect Repellent Turns Unguentine First Aid Spray 2 Red Cross Safety Folders OFFER STARTS JUNE 29TH AND CONTINUES ONLY WHILE SUPPLY LASTS. I ol h.l-11-. Colonel Sanders and his boys make it lickin' Sven Ericksens Food Pastry Shop 2021 3rd Avo. 3. Phono 328-8181 1715 MM Drlvo Phono ;