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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 17, 1974, Lethbridge, Alberta July LETHBRIDQE HERALD-37 The Herald Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Afton 5.00 Albany Oil 37 Alta East Gas 4 65 Alminex Asamera Ashland Oil 6 50 BP Canada Brenda Mines 5 Cda South 3 00 Ex Gas 2 63 Cdn Homestd 4 00 Cdn Ind Gas Oil 6 75 Cdn Long Is 17 Cdn Super 35 50 ChieMan Dev 6.25 Dome Pete 25.50 Dynasty 7 75 Fort Reliance 16 Giant Mascot .95 Gibraltar Mines 8 00 Granisle 7 25 Gt Plains 39 75 Gt Cdn Oil S 7 50 Lochiel Ex 1 58 Lytton Mm 1 50 Noble Mines 53 North Cdn Oil 3 20 Numac Oil Gas Pancdn Pete 9.25 Pan Ocean 9 50 Petrol 1 42 Pinnacle 30 Place Gas 33 Ponder 46 Ranger Oil 23.37V2 Scurry Rain 19 50 Seibens 11 50 Spooner 28 Total Pete 7.50 Ulster Pete .94 United Canso 14 00 West Pete 3 20 West Decalta MISCELLANEOUS INDUSTRIES Acres Ltd 7 Aquitame 22 50 BC Sugar C Pfd 12.00 Block Bros 3.00 Canbra Foods 2.75 Cdn Pac Inv A Pfd 28 50 Carling O'Keefe A Pfd 17 7C. Carlmg O'Keefe B Pfd Com Cap Corp 1.55 Crestbrook Ind 6 00 Falcon Copper 1000 F and M Trust 4 30 Genstar Home Oil A Home Oil B 33 25 Hud Bay Co 15 Hud Bay Oil 26 00 Hugh Russel C Pfd 68.00 Husky Oil 16.00 Husky Oil B Pfd 33 50 Husky Oil E War 6 Interprov Pipe War 2 80 Inlerprov Steel 15 75 Kaiser Res 4 oo Kaiser Res War 1 78 Loblaw Co C Pld 24 SO Magnasonics 1 50 Pacific Pete Pac West Air 7.75 Pe-Ben Oilfield Serv 5 25 Ramer Inc 3 12V4 Royal Tryst 22 75 Sandweil Teledyne Tnmac Weslfield Min Weston A Pld White Yukon 575 4 10 4.70 .95 51.00 675 PIPELINE STOCKS Alta Gas Trk A 13.00 Alta Gas Trk Pfd 54.00 Alta Nat Gas Gaz Metro 5 25 Gaz Metro A Pfd 55 00 Inland Nat Gas 9.00 N and C Gas N and C Gas B Ptd 20 00 Pacific Gas Trans 9 25 Trans-Cda Pipe Trans-Cda A Pfd 53.75 Trans-Cda B Pfd Trans-Cda War 90 WC Trans WC Trans War 2.60 CALGARY Acroll 35 Barons Oils N Continental Western Warner 25 VANCOUVER MINES Atlas Exolorations .22 Bathurst Norsemmes 1.53 Dankoe 2 30 Davenport 71 Dolly Varden .18 Equitonal Res. .08 Lornex 6.30 Northair Mines 1 87 Primer 04 Pyramid .08 Silver Standard 1.53 Valley Copper 6 00 INDUSTRIALS Columbia Brewing 4 85 Wardair 1.65 OILS August Petroleum .30 Plains Pete 14 Ponderay Explorations 68 Stampede Int'l Res 62 MUTUAL FUNDS AM Cdn Compound 5.19 5.65 All Cdn Dividend 541 588 AM Cdn Ventures 2.72 2 96 Amer Growth Fund 3.99 4.38 A.G.F Special 1.98 Cdn Investment Fund 4 28 4 70 Collective Mutual 4 42 4 85 Eaton Commonwealth 1201 Eaton Leverage 2.82 Eaton Int'l Venture 5.15 Corp Investors 5 38 5 91 Corp Inv Stock Fund 4 05 4 45 Great Pacific 4.00 4 38 Grouped Inc Shares 2.61 Growth Equity 5.93 6 52 Inv Growth Fund 1045 11 42 Investors Mutual 4.98 5 45 Mutual Accumulating 5 44 5.98 Na' Resources 3.98 4.37 N W Cdn 4 81 5.29 N W Growth 3 84 4 22 Principal Growth 3 63 3 99 Provident Mutual 6.41 7 01 Royfund 4.99 5.19 Templeton Growth 7 00 7 69 United Accumulative 3 94 4 33 Universal Savings 7 00 7 71 Univest 5 33 5.86 Vanguard 4.73 5 18 Toronto industrials by Richardson Securities ot MINES Acme Advocate Asb Akaitcho .Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Can Tung Cassiar Central Pat Chimo Conwesl Cons Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Mantimes Giant YK Granduc Hollmger Hudson Bay A Hydra Ex Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langls Silver Madsen R L Malartic G.F Martin McNeely Mac Intyre Meta Midnm Intern Mogul Nu West Homes A New Athona New Calumet Noranda A Northgate Norlex Pine Point Placer Dev Pax Exp Rayrock Radiore Rio Algom Roman Corp Sherritt Gordon Steep Rock Sunnmgdale Tek Corp A Texmoni United Canso Western Mines WH House Copper Mines Wright Hargreaves Willroy Windfall Yellowknife Bear Zenmac INDUSTRIALS Abitibl Alcan Algoma Steel Atco Ind Jannack Agra Ind Bell Tel Brascan A Tel 1 Forest 1 Sugar A 1 Valley Ind Ind 1 O Keefe Cellulose Power Credit Gas Pfd 1 Ind Marconi Vickers 4 9 Bathurst 41 Gas Seagrams 51 Bridge 1 Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid Walker A Erie 11 Oil A A Nickel Pipe Grp A 1 Int'l 1 Ltd Douglas A A Ferg Bloed Corp A B 30 Cent 1 Corp 1 Co CDA 8 37 1 Sears Can A A Grp A Mtn Pipe Can Pipe Carbide 1 Gas Oil Siscoe Mfg A Foods Imperial Scotia Dom 52.50 11.25 1400 1900 12.87'xi 8 2 25 6 00 4 85 22.75 3.10 9 00 2075 2.75 16.75 14.50 1362V2 26 75 14.00 34 00 42 25 23 25 15 00 28 3.65 7.50 43 00 20 50 28 50 16.25 5.50 44 00 21 25 29 26.00 1425 6.62V4 15.25 2 17 4 70 7.75 3.00 6 1000 16 37 24.75 48 75 18 00 5 50 9 11.00 5.00 11 75 1375 10.50 12.75 34 00 10.00 13.00 9 18 75 7.50 9.50 5.00 5 75 21 00 21.25 2 75 23.62Vi 15.25 33.50 29.50 34 25 New York by Richardson Securities of NEW Amr. Beth General 12V4 Int Kenn Montgomery 24.50 87 Texas Texas Wlx Wooiworm 13.62V2 Weslinghouse 12.62Vi U.S. Steel 45.00 Gen Tel Elec 20.00 TORONTO AVERAGES 20 Industrials 182.82 up 06 20 Golds 484.85 up 9.70 10 Base Metals 78.55 up .12 15 Western Oils 177.34 up .54 'Volume NEW YORK AVERAGES 20 Industrials 770.49 down 5.47 20 Rails 155.44 down 1.04 15 Utilities 6735 down 22 65 Stocks 232.26 down 1.51 Volume Winnipeg grain WINNIPEG 1 rapeseed posted slight losses in a moderate volume of trade today at the open of the Winnipeg commodity exchange the only other commodity was down about five cents At the flax was not Vancouver rapeseed two to eight cents Sept 7 Thunder Bay rapeseed not and Rye Oct. 2.83'A. Opening prices Flax- Oct Nov. and Dec not open. Vancouver rapeseed' Sept two lower 7 Nov four lower June six lower 6.79. March eight lower 6.70. Thunder Bay rapeseed- Oct Nov and Dec. not f 2 83 Dec and May not open. Grain quotes Tuesday basis Lakehead High Low JlV 1109 1066 1074 Oct 1083 1040 1047 Nov 1051 1014 Dec 1033 1005 1014 Rapeseed Vancouver Sep 745 735 .Ian 685 678 685 Mar 678 663' 2 678 Rapeseed Thunder Bav Jlv Oct 683 678 681 Nov Dec Rye 308' 2 295 Dec 295Ji 282 '4 17 _I Mav 290 286'j Jf OOU up Livestock Calgary CALGARY icpt Receipts to n a m Wednesday from the Calgary public stockyards totalled 750 mostly slaughter cattle. Trade was ac- tive with a broad demand because of the expectation of the major meat packing houses reopening. Packing-house representatives were active on the market Slaughter steers met a good demand at prices S2 higher Heifers were 50 some higher The beef quality premium was included in steer and heifer prices Cows met a good demand at 50 higher Bulls sold steady Steers. A2 52-54 70. A3. 50-51 50. Heifers. A2 42 5045 90 A3- 40-42 Cows. D2 30-32.75 D3. 27-30 D4 21-26. good 30-34 Replacement cattle were selling steady for quality. Good feeder steers more than 750 pounds- 39-44 Good feeder heifers more than 600 pounds 33-37 Hogs fob to 11 a m 40 Hog prices EDMONTON Prices to 11 a m Wednesday provided by the Alberta Hog Producers Marketing Board Tuesday prices in brackets Edmonton- 4000 Calgary 4000 Red Deer 40.00 Grande Prairie- 3875 Hogs sold to 11 a.m 7.729. hogs sold Tuesday 6.306 Average 40 00 Sows average 22 50 Earnings By THE CANADIAN PRESS Canada Permanent Mortgage MX months ended June 30 1974. 75 cents a share. S6.819.000 95 1 cents- Greb Industries 28 weeks ended 18 1974 68 cents a .share 1973 62 cents Kaiser Resources six months ended June 30 1974 16 cents a one cent Currencies MONTREAL Wednesday's mid-day foreign exchange selling rates supplied by the Bank of Montreal Australia dollar 1 47 Bermuda dollar 1 01 China renmmbi 5100 France franc 2090 Gormany mark 3930 Italy lira 001575 Japan yen 003445 Mexico peso .0793 Spain peseta 0175 Sweden kroner 2290 Switzerland franc 3350 United States dollar 9800 United Kingdom pound 2 3600 USSR ruble 1 30 Quotations in Canadian funds Gold futures WINNIPEG Gold Futures U.S funds. Winnipeg Commodity ex- change close Tuesday 400-ounce July 74 141 40B Oct 74 146.40. Jan 75 152 OOB. April 75 158 OOB. July 75 Ifi.'f.20B Monday s volume 115 contracts 100-ounce Aug 74 142 Nov 74 148 20B. Fob 75 154 20. May 75 159 20B Aup 75 1H4 SOB Mrnday s volume 62 contracts Dollar value MONTREAL U S dollar in terms of Canadian lunds at noon today was up 1-50 at 97 4-5 Pound sterling was up 16-25 at S2.33 47-50. 'In New the Canadian dollar was down 1-50 at 02' i Pound sterl- ing was up 3-5 at 1-5. Beef futures WINNIPEG Live beef futures close Tuesday. July 51.60. Sept 49 DON. Nov 45.40N' .Ian 44 OON Monday's volume Six contracts Peed prices WINNIPEG Wheat hoard domestic feed gram prices Tuesday. 3 C'W Red Spring wheat 3 No 1 ft-cd barley No 1 feed oats 1.79. Stock prices up in light trading TORONTO Prices on the Toronto stock market were moderately higher in light midmorning trading today. The industrial wide- ly-based indicator of market rose .20 to golds 2.21 to base metals .05 to 78.48 and western oils .30 to 177.10. Volume by 11 a.m. was 000 shares compared with shares at the same time Tuesday. Declines outnumbered ad- vances 94 to 77 with 165 issues unchanged. Royal Trust A gained Vz to Canada Packers C Vz to Imperial Oil A Vz to Gulf Canada to and Huron and Erie Vn to Noranda A lost Vz to Rank Organization A 25 cents to Massey Ferguson to Bank of Nova Scotia V4 to and Inco to United Siscoe was up to and Madeleine five cents to Hudson Bay Mining A fell to Vz and Camflo to Pan Ocean rose Vt to Amalgamated Bonanza 15 cents to and Lochiel four cents to Western Decalta was down Va to and Coseka five cents to Market trends MONTREAL 9 Prices were mixed in light trading on the Montreal Stock Exchange today Volume at 11 am was 210.347 shares compared with 1H6 000 shares at the same time Tuesday. Banks fell 65 to 232 52 papers 29 to 11381 and utilities 14 to 12708 while industrials rose .76 to 195 32 and the composite 44 to 185 90 Dome Petroleum rose to Distil lers-Corp Seagrams to and Gull Oil Canada i to while Bank i and Algoma Steel to Among speculative issues Bcllelerre Quebec Mines fell iwo cents to cents al ler trading 2.500 shares Chicago markets CHICAGO Most commodity futures gave way Tuesday after profit but there were some excep- tions Wheat futures in Chicago collapsed under a late wave of falling the limit of 20 cents a bushel Corn and oats prices were but soybeans gained 20 cents a bushel for the third session in a while meal fell back about a ton and oil was irregular Iced broilers were about steady to '2 cent a pound lower The up-and-down moves of silver and copper geared most of the time to fluctuations of gold prices abroad was a strong downside move Tuesday Sliver futures fell the 20 cents an ounce limit in Chicago and New with the expiring July option declining 21 rents The July option has no trading limit in its month of ex- piration. cotton. Maine orange wool and cocoa futures also were mostly while coffee and world sugar futures were irregular Live hog and live cattle futures were mixed at the but pork bellies gained up to Ki5 points and shell eggs fell back 145 points. At the close soybeans were 20 cents a July 6.81'2 and Chicago wheat was 13 to 20 lower. July 4 20Vz Grain quotes Tuesday. Wheat. Jul 4.20. Sep 4.24. Dec 434. Mar 434'z. May 429'2 Corn Jul 3 Sep 3.19. Dec Mar 3 04 May 305 Oats- Jul 1 Sep 1 62 Dec 1 Mar 1 67. May 1.69 VANCOUVER Prices were down on moderate trading on the Van- couver Stock Exchange Tuesday Volume at the close was shares In the industrials lonar c was down 03 at .52 on shares. BBC Trust units was down 25 at 75 on shares. Sparling was at .80 on shares and International Hydrodynamics was up 05 at 70 on 2 000 shares Pacific Northern Gas was at and IU International was at 50 In the Aalenian was unchang- ed at .42 on 208.800 shares. Con- solidated Fortune Channel was down 11 at .46 on shares. Sonesta was down 14 at 72 on 118.600 shares Barrier Reef was up 36 at 30 on 710 shares and Lori Exploration was down 01 at Exeter Mines was down 01 at 21 In the Payette River was down 01 at 70 on shares Colonial Oils was up .10 at 15 on Galveston was unchanged at 09 on 19 200 shares and Copex was i.p 01 at 32 on shares. August Petroleum was up 03 at 38 and Coseka was un- changed at 90 NEW YORK Prices drifted downward in a drab and listless session in the stock market today The 11 30 a m. Dow Jones average of 30 industrials was down 4 46 at 771 51 and losers led gainers by eight-to-five on the New York Stock Exchange U S Steel led the NYSE s most ac- tive down at Among Canadian Mclntyre pained to Dome Mines to Seagrams to Inco dipped i H to Massey Ferguson Hiram Walker 's Alcan was unchanged at Canadian Pacilic at Food packaging costs rate rising 'rapidly9 TORONTO Food prices are rising as every shopper but one less obvious cost increase lately has been in food packaging the egg the plastic wraps and even the grocery bag. Statistics Canada reported that food prices in May rose 18.3 per cent from but the brown bags to carry groceries home now cost 2.2 up from 1.4 cents a year ago. cost of packaging is going up so rapidly we're barely keeping says Doug director of purchasing and packaging with John Labatt Ltd. of Ont. Consumers have already seen the effects of rising prices and shortages. Some large chain stores are encouraging cashiers to stop double-bagging where possi- ble and some supermarkets are paying two cents a bag to shoppers who bring in their own bags. Pepsi-Cola spokesman Al Goetz says his company is try- ing to promote returnable bot- tles to offset packaging costs. CANS COST MORE One beer can costs Labatt making canned beer and expensive proposition. A dozen cans of beer cost in including a 15-cent compared with including a 25-cent for bottled beer. Although buying soft drinks or beer in bottles is the glass container industry is having its too. Prices for glass containers rose eight per cent this year and soda a basic ingredient in is in short supply and going up 10 per cent in price. Glass industry spokesmen say it will take until 1978 to The food price index was 1.2 per cent higher than the May level rising from 186.1 to 188.4 in June. The June food index was 17.4 per cent above the index level of last June. I Dairy products prce may rise TORONTO A Dairy Farmers of Canada spokesman says consumers may be paying higher prices soon for cheese and skim milk powder if the Liberal government keeps election promises to increase milk supports. Dave Kirk said in an inter- view Tuesday that the price of butter might increase 18 cents a cheese 17 cents and skim milk powder eight cents. The government raised the support price for industrial milk in March to a hun- dredweight from Farmers now are asking for an increase to a hundredweight. the voters' rejec- Iran buys interest in Krupp firm TEHRAN Iran an- nounced Wednesday it has ac- quired an unprecedented interest in the West German firm of Krupp Huttenwerke the steel- making part of the big Krupp concern. Hushang Iranian minister of economic affairs and announced the deal and said it was the first time in the Krupp company's 126-year history that it has allowed foreign participation in ownership. Ansar said Iran acquired a 25.04-per-cent interest in the Krupp steel firm under an agreement negotiated and signed July 2. The agreement provides free supply of Krupp's technological know-how to Iran and the establishment of a joint investment company in Switzerland. Ansary said Iran's interest in Krupp Huttenwerke is principally in preferred 95 per cent of which is controlled by the Krupp holding company. Printed Matter Our Business Metals LONDON Tuesday's closing metals bid-ask in pounds sterling a metric ton. silver in pence a troy ounce t Copper-spot 792-794. futures 805-806 Tin-spot 3 futures 3.554-3.556 Head-spot 223 5-224.5. futures 224-225 Zinc-spot futures 458-459 Silver-spot 170-170.5. 3 months 173.1- 17.15 Gold prices LONDON Tuesday's closing gold prices in U.S dollars an ounce- London 141 00 Pans 145 10 Frankfurt 139 97 Zurich 142 00 Hong Kong 137.53 Iteirut 4.453 a kilo Notice The Big Difference Phone Ed 329-3388 Quality low price crafts- manship. If that's what you look for in business then we're the printers for you. estimates Given Lecaud In LCTHBRIDOE HERALD tion of Conservative-proposed price and income controls might have a slight downward effect on food says one grocery chain spokesman Jim Loblaws vice- said most food sup- pliers withdrew deals before the election in anticipation of a price freeze. PRICES MIGHT EASE the deals may be coming back again and that might have some moderating effect on food Other supermarket spokes- men saying increases are coming through just as fast as before the elec- tion. Among items expected to in- crease in cost soon are all cuts of beef and pork as a result of the month-long strike by Al- berta meat canned beans and tomatoes as a result of a 45-per-cent increase paid growers and bread because of what bakers say are increased transpor- packaging and labor costs. Eggs and poultry af- fected by the two-month-old government ban on lower- priced imports from the United are expected to remain high. just under the 'record levels set in also is unlikely to dip. Raise price of newsprint VANCOUVER B C. Forest Products follow- ing the lead of Crown Zeller- bach Canada Ltd. and Mac- millan Bloedel Ltd. Tuesday raised the price of its newsprint. Effective Aug. the price of standard 30-pound newsprint on the lower mainland and Vancouver Island will go to from a the price in the rest of British Columbia and Alberta will go from to a ton while in the western United States prices increase to a ton from achieve a balance between supply and demand. Some packaging industry officials believe fewer sizes and shapes cf containers would cut costs as would increased automation and im- proved paper labelling techni- ques. Whatever the increases in packaging none com- pares to the sharp rise seen by the plastics hard-hit by skyrocketing oil prices. cost of polyethylene resin went up 30 to 40 per says Peter Krysmanski. product manager for moulding resins of Du Pont of Canada Montreal. The industry is looking at larger and simpler packaging designs to offset high he says. time you double the contents of a bottle you save 25 to 30 per cent of the Mr. Krysmanski says. things are over-designed. Polyethylene is a very efficient material depending on how it is used. It really is the least expensive plastic The Loblaw supermarket a major user of poly has seen costs rise as much as 50 per cent. The rise has not been passed on to the consumer but the company is looking for cheaper ways to sell its says James vice- president in charge of grocery merchandising there's a way to package meat without we will do Future price increases are likely in all packaging mate- the industry and whether price line can be held is in doubt. Japanese sign coal contract contract has been sign- ed between a Canadian colliery and a consor- tium of 11 Japanese steel mills and coke- making firms to finance a new coal-mining pro- ject in Alberta for the import of coking coal on a long-term the Nippon Kokan Kaisha announced today The major steel- maker said that under the the Japanese group will provide million to Gregg River Resources Ltd. of Canada to finance part of the pro- ject. In the Japanese firms will be supplied with 21 million metric tons of the Gregg River coal during 15 years beginning in 1976. The Canadian colliery has also agreed to supp- ly the Alberta coal to Japan at the price of a metric ton on the basis for the first three years beginn- ing in 1976. The prices will be negotiated every three the announce- ment said. BUILDING LfLJ THE HERALD 5th AVE. A 7th ST. S. PHONE 329-3388 Year GUARANTEED SAVINGS CERTIFICATES pcyabM Mml-annually or compounded to maturity. Member Canada Deposit Insurance Corporation can purchase Olympic colne FARMERS i MERCHANTS TRUST 309 7th Street Lethbrtdge Phone 328-5548 Fm ;