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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 19, 1974, Lethbridge, Alberta The Herald Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines 5.00 Albany Oil 36 Alta East Gas 4.65 Alminex Asamera 8 50 Ashland Oil 6 50 BP Canada 13.50 Brenda Mines 5 37Vz Cda Southern 3.20 Cdn Export Gas 2 85 Cdn Homestead 3 95 Cdn ind Gas 7 00 Cdn Long Island .18 Cdn Superior 36 50 Chieftan Dev 6.25 Dome Pete 27 Dynasty 8 Ft Reliance .16 Giant Mascot 93 Gibraltar Mines 8 00 Granisle 8 00 Grt Plains 39 75 Grt Cdn Oil 7 62V2 Lochiel Explor 1 70 Lytton Minerals 1.50 Noble Mines 47 North Cdn Oil 3 35 Numac Oil 1237V4 PanCdn Pete 9 50 Pan Ocean 10 25 Petrol 1 43 Pinnacle 33 Place Gas 33 Ponder 46 Ranger Oil 25.00 Scurry Rain 19 Seibens 1150 Spooner 30 Total Pete 7 75 Ulster Pete 94 United Canso 14.00 West Pete 3 35 West Decalta 6 00 MISCELLANEOUS INDUSTRIES Acres Ltd Aqmtame 22 25 BC Sugar C Pfd 1225 Block Bros 3 00 Canbra Foods 2 55 Cdn Pac A Pfd 28 50 Carlmg A Pfd 1775 Carlmg B Pfd Com Cap Corp 1 95 Crest Forest Ind 6 25 Falcon Copper 9 F M Trust 4 45 Genslar 17.25 Home Oil A 37 75 Home Oil B 34 50 Hudson Bay Co 16.00 Hudson Bay Oil 26 50 Hugh Russell C Pfd 73 75 HusKy OH 1625 Husky Oil B Pfd 33 50 Husky Oil E War 6.25 Inter Pipe War 3 05 Inter S a P 1625 Kaiser Res 4 15 Kaiser Res War 1 95 Loblaw C Pfd 24.50 Magnasonics 2.10 Pac Pete 19.75 Pac Wesl Air 7 75 Pe-Ben Oilfield 5 25 Ramer Inc 3.25 Royal Tiust 2250 Sandwell Teledyne Tnmac West Minerals Weston A Whitepass Yukon 5.75 4.10 460 .93 .51 6.50 Toronto industrials by Richardson Securities ot MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmonl Dickenson Mines Demson Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Mantimes Gianl Y K Granduc Holhnger 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 Mela 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 Aigom Roman Corp Sherntl Gordon Steep Rock Sunnmgdale Tek Corp Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowkmfe Bear Zenmac Abitibi Alcan Algoma Steel Atco Ind Jannack Agra Ind Bell Tel Brascan A industrials Tel Burns Forest Sugar A Valley Ind 10 Ind 1 43 O'Keefe Chemcell Cellulose 3 Power 5 Credit Gas Ptd 1 ind Marconi 2 Vickers 4 9 62 Bathurs 41 Gas 37 5350 Seagrams Dom Bridge Domlar 5 87 Textile 2 Stores 41 Pete 39 Mobile Grt Cdn Oil 1 Motors 2550 Lakes Paper Gull Oil 4 Sid 1 Walker A Erie Oil A A Nickel 5 Pipe Grp A Int'l 1 Ltd 32 Kei Douglas A 6 A 5 87 27 Ferg McMill Bloed 36 50 Corp Molsons A B 31 75 North Cent Corp Co .23 26.1 2 Shell CDA 9.75 8 Simp Sears 1 50 Can A Selkirk A 19 1400 252 Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Gas Oil Siscoe 2.95 Mfg 11 A 29 Foods Imperial Scotia Dom 5300 11 25 1400 1925 2.25 625 480 2300 310 9.00 21 00 2.95 1450 27.25 26.75 34 4225 23 87 15.50 27.00 29.50 3.25 4325 2050 2925 1662V4 5.50 4450 21 50 3050 2825 27.75 6.37VJ 11 62Vz 1525 2.21 4.70 775 3.10 6.75 10.00 1650 2525 20.75 1862V4 6.12Vz 10.00 11.00 1350 525 11 75 1400 7.75 10.75 1250 34.00 10.00 19.25 7.62 7z 900 500 575 21 50 21.00 2.55 24 3475 35.25 Rains help crop conditions PIPELINE STOCKS Alta Gas A 13.00 Alta Gas Pfd 53 25 Alta Nal Gas 17.75 Gaz Metro 5.37V4 Gar Metro A Pfd 55.00 Inland Nat Gas 9 00 N C Gas 1000 N C B Pfd 20.00 Pac Gas Trans Tr-Cda Pipe 9 75 Tr-Cda A Pfd Tr-Cda B Pfd 31 00 Tr-Cda Pipe War 96 West Trans 18.75 West Trans War 2.55 CALGARY Acroll Barons Oils N. Continental .02Vi Western Warner .25 VANCOUVER MINES Atlas Explorations 22 Bathurst Norsemmes 1 40 Dankoe 2.45 Davenport .70 Dolly Varden .17 Equitonal Res 09 Lornex 6 25 Northair Mines 1 82 Primer .03 Pyramid .08 Silver Standard 1 66 Valley Copper 5 90 INDUSTRIALS Columbia Brewing 4.85 Wardair 1 65 OILS August Petroleum 32 Plains Pete .14 Ponderay Exp 61 Stampede Int'l Res .70 MUTUAL FUNDS All Cdn Compound 5 27 5 73 All Cdn Dividend 5 49 5 97 All Cdn Ventures 2 77 3.01 Amer Growth Fund 4.05 4 45 A G F Special 2.03 Cdn Inv Fund 4 34 4.76 Collective Mutual 4 43 4 86 Eaton Commonwealth 1206 Eaton Leverage 2 83 Eaton Int'l Venture 5.25 Corp Investors 5 45 5.99 Corp Inv Stock Fund 4 09 4.49 Great Pacific 4.04 4 42 Grouped Inc Shares 2.63 Growth Equity 6 02 6.62 Inv Growth Fund 10.4611.43 Investors Mutual 5 01 5 48 Mutual Accumulating 5.51 6 05 Nat Resources 3 95 4 34 N W Cdn 4.86 5.34 N W Growth 3.90 4.29 P.incipal Growth 362 397 Provident Mutual 6 42 7 02 Royfund Income 4 99 5 20 Templeton Growth 7 03 7.71 United Accumulative 4.00 4.40 Universal Savings 7 10 7.82 Univest 5.39 5.93 Vanguard 4.81 S 25 OTTAWA Wet weather has put crop develop- ment behind schedule in British Columbia and the but sorely-needed rains on the Prairies have im- proved conditions Statistics Canada reported Thursday. In Quebec and favorable weather conditions have brought average to high yields in most crops. There have been heavy rains in the last week in west-central in New York by Richardson Securities of Amr T 4 T Anaconda Beth Steel Chryslar Comsat Dupont General Motors Gulf Int Harvester Kenn Copper Montgomery Ward Sears Std OH of N.J. Texas Gull Texas Co 43.87V4 21.87V4 31.75 28.00 152.00 44.25 19.75 22.87 'A 32.37 V4 2625 78.50 71.00 24.75 11 50 Woolworth Westinghouse Elec US Steel 2050 TORONTO AVERAGES 20 industrials 187.03 up 1.02 20 Golds 514.50 up 16.70 10 Base Metals 79.48 up .04 15 Western Oils 183.73 up 1.96 Volume NEW YORK AVERAGES 20 industrials 786.68 up 2.50 20 Rails 161.71 up .88 15 Utilities 68.28 up .22 65 Stocks 238.04 down .03 Decision awaited on air rates OTTAWA The Cana- dian Transport Commission concluded Thursday its public inquiry into proposed air fare increases by national and re- gional airlines by promising a quick decision on their re- quests. Guy commission suggested the ruling might come as early as today. Proposed increases by Air CP Pa- cific Western Airlines Quebecair and Eastern Provincial Airways take effect Sunday. A Nordair increase will become effec- tive Aug. 1. The commission has the power to suspend or alter the increases if it wishes. The three-day inquiry was the first public hearing on air fares held by the commission. Fares are normally investigated privately by the commission. The public hearing was re- quested by the Consumers' Association of Canada Air Transair and PWA told the commission Thursday they would have had to ask for domestic fare increases of about 20 per cent to get their ideal rates of return on investment. Department stores sales show rise OTTAWA Depart- ment store sales in May totall- ed up 24.9 per cent from the million in Statistics Canada reported Thursday. Of 39 departments sur- only one showed a decrease in sales. This was down 5.5 per cent in May from the previous year. most of the north of the prov- ince and in central and north- ern Alberta. Other districts throughout the Prairies have had showers. More rain is needed in Manitoba and parts of however. Cereals now are heading in many districts and oilseeds are in Moom. Haying is general with variable yields reported. British The last week has been marked by mostly cool weather with above-average rainfall. The season is considered to be more than two weeks late. Harvesting of strawberries is completed. Raspberries are being picked in and loganberry picking is with prospects of a good crop in both. All vegetables are developing well and early potatoes are in good supply. The spring crops of greenhouse tomatoes and white spine cucumbers are about over. Wheat and barley are headed in the Peace River District and rapeseed is in flower. Rusts remain an insignifi- cant problem so far on the Prairies. Wheat leaf rust is occurring in trace amounts across southern Manitoba but the spread of the rust is being delayed by continuing dry weather. The other cereal rusts have not been observed in farm fields. Statistics Canada that since much of the crop is late the rust could cause signifi- cant losses if weather turns favorable for them. Shoe prices to consumer to be lower MONTREAL The Shoe Manufacturers' Associ- ation of Canada predicts that consumers will save money through the federal govern- ment's repeal of the 12 per cent sales tax on footwear. will realize savings once the effect of the tax removal has filtered through the Jean- Buy executive vice- president of the said in a statement released Thursday. Buy airliners TORONTO De Havilland Aircraft of Canada Ltd. has sold two Dash 7 aii- liners to AirWest Airlines Ltd. of a de Havilland spokesman said Thursday. AirWest manager Norm Gold said the 48-passenger designed to operate from air- strips only feet long and land at half the speed of conventional will transfer passengers between downtown Vancouver and Vic- B.C. in less than 30 minutes. Grit leader criticizes Petrosar plant opposal CALGARY Nick leader of the Alberta Liberal said Thursday he sees nothing wrong with having a petrochemical plant built in rather than in Alberta as long as his province shares in the profits. He criticized objections of Conservative Premier Peter Lougheed to proposals that the Petrosar Ltd. plant might be built in using natural gas from Alberta as its raw material. Mr. Taylor termed the Conservative government position selfish and completely im- It would make much more sense to locate the plant in an area such as which has an available labor providing that Alberta retains a major portion in ownership of the he told a Liberal party meeting. If profits are to be made from the processing of raw it would be better for Albertans if the Alberta Energy Corp. helped to build the plant in Ontario under a mutual operation he said. Alberta has a labor shortage and would have to import per- sonnel for the project if it were built he said. a plant such as this in an area that is not in a favorable market position nor has the manpower available to operate Schwartz Agencies Ltd. M.B. Burton The Action Agency has added a valuable member to its team. Mel Has sold equipment and operated In business for many years in Southern and he gets results. Call or the other Action Agency team to achieve successful real estate results at our new telephone 329-3331. Moderate mid-session trade Prices on TSE sharply higher TORONTO Prices on the Toronto stock market were sharply higher in moderate mid-morning trading today. The industrial index rose 1.05 to golds 10.3 to base metals .64 to 80.08 and western oils 1.30 to 183.07. Volume by 11 a.m. was 000 shares compared with shares at the same time Thursday. Advances outnumbered de- clines 122 to 70 with 137 issues unchanged. Hugh Russel A gained to Dofasco Vz to Inco to Lambda Mer- cantile 40 cents to and Royal Bank to Giant Yellowkmfe was up to Sigma to Market trends MONTREAL Prices were generally higher in light trading on the Montreal Stock Exchange today. Volume at 11 am was 202.100 shares compared with 125 500 shares at the same lime Thursday. Banks rose 1 70 to 238 industrials 1 06 to 201 the composite 1 36 to 190 90. papers .66 to 116.03 and utilities 21 to 128 03 Royal Bank rose J i to Alcan '.2 to Commco '2 to and Pan Ocean Oil 'i to SlO's while Algoma Steel fell to Among speculative issues. Chibex 10 cents to after trading 8.200 shares VANCOUVER Prices were mixed in heavy trading on the Van- couver Stock Exchange Thursday Total volume at the close was 3.722.694 shares In the industrials. Fields was un- changed at on 12.600 shares Canterra was unchanged at 37 on 4.500 shares 1U International was unchang- ed at 50 on 4.300 shares and Inter- national Hvdro Development was un- changed at 75 on shares Ventura was unchanged at .30 and Wardair was unchanged at 65 In the mines Barrier Rei--f was up 25 al io on shares Con- solidated Coast Silver was up 13 at 50 on 335.029 shares. Exeter Mines was up 02'2 at 29'z on 188.400 shares and press was up 09 at 49 on 93.700 Chares Rackla River was down .01 at 35 and Consolidated Fortune Channel was down 04 at .42. In the oils. Galveston was up 04 al SI 24 on 146.800 shares Cop-Ex Mining was unchanged at .31 on 58.500 shares. Payette was down 01 at 65 on 44.200 shares and Colonial was down 05 al on shares Ponderay was up 05 at 65 and was down 05 S2 NEW YORK The stock market was mixed today as news of continuing doubledigil inflation thwarted an early advance The It 30 a m Dow Jones average of 30 industrials was down .47 al 788 82 although gamers maintained a three- to-two edge on losers at the New York Stock Exchange Trading was slow Wall Streeters had their optimism cooled bv ihe U S government's report that consumer prices in June soared at a seasonally adjusted annual rale of 12 per cent The Southern Co led the NYSE ac- tive list down at Honeywell slumped 4 to Zenith Radio i'i to Golds continued strong. Homestake Mining was up at ASA Ltd P. to Campbell Red Lake to Mlsh. Among Canadian issues. Dome Mine's adcicd 'z to Inco to Hiram Walker lost ''b Alcan to Canadian Pacific was un- changed al i. Seagrams al S35 Giant Yellowkmfe the American Slock Exchange volume was up 't to 17 V Livestock Calgary CALGARY Receipts to U a m Friday from the Calgary public stockyards totalled 600 mosllv replacements Trade was active There were msufficienl slaughter Winnipeg grain WINNIPEG Flax and rapeseed prices advanced to max- imum or near-maximum levels in brisk trading at mid-se3sion on Ihe Winnipeg Commodity Exchange today. Rye advanced three to seven cents on an uneven demand. Thursday's trading volume was 000 bushels of flax. 1.744.0000 of rapeseed and of rye. Mid-session prices- Flax July 29 cents higher 11 26A. Oct 30 higher 11.09B Nov 30 higher 10.79B. Dec 30 higher 10 74 Vancouver rapeseed Sept 20 higher 7 Nov 20 higher 7 Jan 20 higher 7 March 20 higher 7 33B Thunder Bay rapeseed. July 20 higher Oct 20 higher 737B. Nov. 20 higher 7.24B. Dec 20 higher 681B Rye July higher 3 Oct 7Vu higher Dec. higher 3 May higher 3 05VzB Grain quotes Thursday basis Lakehead High Low Close Flax Jlv 1097 1068 1097 Oct 1079 1051 1079 Nov 1049 Dec 1044 Rapeseed Vancouver Sep 771 751 Nov 746'j 726'i Jan 722 Mar 713 693 713 Rapeseed Thunder Bay Jlv 787 Oct 717 Nov 704 Dec 661 Rye Jlv 303 302 302 Oct 303'2 291 303'i Dec 292 297'j Mav 30Pj 301' 4 steers or heifers on offer to establish quotations Good cowi were SI to lower meeting a narrow demand Other grades sold about steady Cows. Dl. D2 30-3120 D3. 27-30 D4- 21-26 Replacement caltle were mostly yearling steers in the 575-750 pound and heilers pounds selling steadv There were m- sutlicisnl good stock calves on offer to establish quotations Good feeder steers more than 750 pounds 39-44 un- der 750 pounds 43-47 Good heifers more than 500 pounds 33-34 25 Hogs I o b to 11 a m 41 2b Hog prices EDMONTON Prices to 11 a m Friday provided by the Alberta Hog Producers Marketing Board. Thursdav prices in brackets Edmonton 41 25 Calgary 41 25 141 Red Deer Nil Lloydnunslcr Nil Hogs sold to U a m 3.452. hogs sold Thursday. 11.681. average 41 25 Sows average 22 50 Metals LONDON i API Thursday's clos- ing metals bid-ask in pounds sterling a metric Ion. silver in pence a irov ounce 784-786. futures 777-779 Tm-ipot 3 615-3 625. futures 3.610 225-226. futures 223.5-224 futures 452-453 Silver-spol 180-181. 3 monlhs 183 3- 183 5 Dollar value MONTREAL U S dollar in terms of Canadian funds al noon today was up 4-25 at 98 4 25 Pound sterling was up 39-100 at 'i4 9-10. In New the Canadian dollar was down 17-100 al 01 B7-100 Pound slerlmg unchanged st 39 3-10 HUSKY OIL OPERATIONS LTD. We have an excellent opportunity for an aggressive individual to lease a very successful HUSKY HOUSE RESTAURANT in Cran- B.C. Capital required approx. Please sent details of experience and financial background to HUSKY OIL OPERATIONS LTD. 815 6th SirMt S. W. Albarta Mr. G. Borrows THE FINEST RETIREMENT AND RECREATIONAL COMMUNITY MM between Calgary and Vancouver via Trans-Canada Please Mall Me a Free Brochure NAME...... ADDRESS PHONE DAVID B. CARPENTER Chartered Accountant announces the opening of an office for the practice of his profession at Ste. 2-lower level-Profesaional Bldg. South Phom 329-0343 Camflo Vz to Dickenson 'A to and Pan Ocean to Chrysler Corp. lost to Bad Boy V2 to Sherritt VB to Numac to and Coseka 10 cents to Chicago markets CHICAGO A strong demand on exchanges in the United States lifted most major commodity futures sharply Thursday. There were several limits gains mainly in farm commodily fulures Soybeans fulures. now trading within a daily limit of '10 cents a ad- vanced that much on the Chicago Board of Trade Other limit gams on the CBOT included wheat 20 corn 10 oats six cents soybean meal S10 a ton and 111 100 points Chicago silver rose the allowable limit of 20 cents an ounce On the Chicago Mercantile Ex- live cattle and live hog pork bellies and shell eggs all advanced to limits for one session Some moves were the highest in three months In the silver lutures rose 20 cents to 33 4 cenls an and copper wool. Maine world collon and cocoa also registered impressive gains On the it appeared that the strength in gram futures had been an- ticipated on the opening and prices Gold prices LONDON lAP Thursdav s gold prices in li S dollars an ounce London 144 75 147 74 Kranklurt 141 80 Zurich 146.50 Hong Kong 139 26 Beirut 4.553 a kilo moved steadily higher to close at limits Light livestock receipts also figured in the buying At the sovbeans were 30 cents j bushel higher. Julv 727. Chicago wheat was 20 higher July 4 36'j Gull whodl vns 20 higher September 4 60. corn was 10 higher. July 338 i. and tut- gdined six cents Julv 1 6J'i Grain quotes Thur.sdav Wheat Juh Scp 4 4.i Dec 451'.- Mdr 451'i. Mav 444'i Corn Jul338'i Sep3 24'. Dec 3 10 Mar 3 Mav .i 14 Oats Jul 1 Sep 1 b6-i. Dec 1 70. Mar 1 71 Mav 1 Beef futures WINNIPEG iCPi Live beel lutures close Thursdav Juh 52.50B. Sept 51 60B. Nov 47 90B Jan 47 10B s volume No contracts Gold futures WINMI'KC u'I'i Gold future-. I S luniS Winnipeg ex- change close 400-ounce contracts 74 146 10. Oct 74 151 00 .Ian 75 157 10 Apr 75 1H2 75 Hi7 51IB volume 153 100-ounce contracts- Aup 74 147 JO. .Nen 74 153 00 Fob 75 159 75 1M 75B 75 110 KB s volume 56 contrai is C A R E E R S SURGICAL SUPPLY SALES REPRESENTATIVE Required By Stevens Alberta Co. Ltd. To cover Southern Alberta territory calling on hospitals and doctors Excellent income potential based on territorial l.istory Must have own car and be prepared to work with minimal supervision Experience an asset but not essential Reply m own handwriting only to Mr. R. Sales Manager P.O. Box Station Alberta SECRETARY to Director of Pupil Personnel Services. Written applications for the above noted position will be received by the undersigned until July 1974. Proficiency in shorthand and typing is essential for this position. Salary to per annum. Duties will commence on or about August 1974. M.V. Crumley Secretary-Treasurer Lethbridge School District No. 51 433 15th Street South Alberta______________ TOWN OF PICTURE BUTTE Immediately Requires SECRETARY-TREASURER Municipal experience preferred. Salary negoti- able. Applications will be received at the Town Office up to p.m. July 26th Please submit applications E. MclLROY Town of Picture Butte WANTED Secretary to Director of Curriculum Written applications for the above noted position will be received by the undersigned until Wed- July 1974. Proficiency in shorthand and typing is essential for this position. Salary range to per Duties will commence on or about Monday. August 1974. M. V. Crumley Secretary-Treasurer Lethbridge School District No. 51 433 15th Street South T1J 2Z5 EXPERIENCED MAINTENANCE MECHANIC For large Distribution Centre in Calgary. Ex- perience with Raymond Forks and Moto-Truc preferred but not necessary. Own Tools necessary- 5 40 hour work week. per hour with without and full range of Company Benefits. Apply in writing or in person CANADA SAFEWAY LIMITED 535 -10 Avenue S.W. ALBERTA ;