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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 20, 1973, Lethbridge, Alberta 11 l I Grain Prices WINNIPEG (CP) Oilseed prices resumed their vertical advances today, with mid-ses- sion prices again ahead the 20- cent limit in light trade on the Winnipeg Commodity Ex- change. Oats and barley were five or more cents higher, with the July contract month ahead by the biddable cents in the case of oate and 10 cents for barley. Rye prices were 4% to 7 higher. Thursday's volume of trade was bushels of flax, of rye and 101-of rape- Mid-session prices: Flax: July 20 higher 9.31B; Oct. 20 higher 8.89B; Nov. 20 higher 8.58B; Dec. 20 higher 8.44B. Rapeseed Vancouver :Sept. 20 higher 7.78B; Nov. 20 higher 7.32B; Jan. 20 higher 7.20B; March 20 higher 7.16B. Rapeseed Thunder Bay: July 20 higher 7.43B; Oct. 20 higher 7.20B; Nov. 20 higher 7.02B; Dec. 20 higher 6.68B. Oats: July 8 higher Oct. 5 higher 1.60; Dec. 6% higher Barley: July 10 higher Oct. 5 higher 2.43; Dec. 5% higher 2.40A. Rye: July 7 higher Oct. 4% higher Dec. 4% higher WINNIPEG (CP) Grain quotes Thursday (basis Lake- High Low Jly 9" Oct Nov Rapessed Vancouver Jan Mar Rapeseed Thunder Bay Jty 723 Oct 700 Nov Dec 648 Oats Jly 168% Oct 155 155 Dec 152 151% 152 Oct 238 234% 238 Dec 234% 232 234% Oct 273 270 273 Dec 274% 272% 274% Beef Futures WINNIPEG beef futures at close Thursday Jly _ 46.60A; Sep .49.62; Nov 48.50B; Jan 49.10B. Wednesday's volume: Six contracts. ___ Miscellaneous quotations Vancouver, Calgary, Montreal fey Doherty. McCnalg Limited) LAST BID OR SALE a.m. Quotes) (11 Quotes) WESTERN OILS AND MINES Albany Oils East CM Almtnex Asamera Ashland OH Gas BP Canada .Brenda Mines Can South Cdn Export Gas Cdn Homestead Cdn Ind Gas Oil Cdn Superior Charter Otis Chltftan Dome Pete Dynasty Ft Reliance Giant Mascot Grantsle Grt Plains Git Cdn Off IflehieTExptor Lytton Win Noble Mines North Cdn Oils Numac PanCdn Pan Ocean Petrol Pinnacle Place Ponder Ranger OH Scurry Rain Selbens Spooner Total Peta Ulster Pete West Pete West Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aouttalne BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pac Inv crest Forest Crows Indus Cygnus A (11 (11 Cygnus B Copper F and M Trust Genstar Global Comm Home Oil A Home Oil B Hudson Bay Co Hudson Bay Oil Hud Bay Oil A Hugh Russell C Husky Oil Husky Oil B Husky Oil D Husky OH E Hys or Canada 1.16 7.75 6.55 11.2S 13.00 16.50 7.30 4.05 3.40 7.40 8.00 54 JO 4.00 11.50 33.25 _____ 9.60 Inter Prov S .24 Kaiser 2.85 Loblaw 2.40C 11.62V4 Magnasonlcs Pacific Pete 8.20 Pac West Air Pe-Ben Oilfield Rainier Inc. Royal Trust Commerce Cap 17.37V4 Sandwell 14.75 Teledyne 14.8m West Cdn Seed 1.24 Westfleld MIn Weston 4'A A White Yukon Infer Prov 7.75 14.00 6JO 16.25 45.00 46.00 4ZJ5 18.25 46.00 48.00 45.25 23.75 41.00 8.05 MS 4.30 12.75 3JO VANCOUVER MINES Alton Atlas Explor Beth Norse Croyden Dankoe Davenport Doily varden Equltorlal Res Gibraltar Lornex Primer Pyramid Silver Standard Valley Copper .44 .82 .94 too .4! .28% .21 Vi 1430 12.75 .10 .12 1.24 9.90 Col Brew 1M Key .34 Wardair MO 1.35 2.50 1.99 1.30 7.70 .19 .61 39 31.50 17.25 14.00 .51 7.10 .95 PIPE LINE STOCKS Ponderay Explor .95 stampede Intl Res 134 MUTUAL FUNDS All Cdn Com 7.71 All Cdn Dhrid All Cdn Vent f-H Amr Gr F f -JTVS AGF Special J-JS Cdn invest F Cmnw Inter I'-SO Cmnw Lev Alia Gas A Alta Gas 434 AJta Nat Gas inland Nat Gas North Cent Gas N C Gas B 5.87'A Pac Gas Trans 545 Gaz Metro Gaz Metro A TransCan Pips 13.00 TransCan A 23.25 TransCan B 15.00 TransCan Pipe W 6.70 2.80 West Trans IMS 25JO West Trans 3JS 29.3714 CALGARY Cmnw Vent Corp Invest Corp 13X0 11.25 19.25 Dreyfus FU4.11.00 12.05 Greet Pacific 4.65 5.08 8-25 3.66 3.98 S.34 5.86 2.71 5.13 5.43 15.05 14.54 3.99 7.43 8.16 6.19 6.80 F 534 .PrWay, July 20, THJ UTHMiDOU HJRA1D ftoderate stock trading Wants a million Jerry Martirt, aspiring Vancouver businessman, Is convineect he can make a million dollars in the next five years. Years of reading success stories have him believe it's all'possible.______________________ Hay is as precious as gold to west Montana ranchers 10.00 2150 12.00 MM 39.55 62.25 -iS 29.00 9.00 30-50 7.75 Acroll Barons Oils North Continental Western Warner SI .02 .01V .35 Gr In Shares Gr Equity Invest Gr F Invest Mutual Mutual Ac Mutual Gr F Nat Res N WCdn NW Gr Principal Gr Rcyfund Temp Gr United Ac Universal Sav Unlvest Vanguard 3.49 3.84 8.39 12.43 13.59 5.90 6.01 3.59 3.95 tS2 9.03 5.56 4J9 5.37 4.37 4.W 4.69 6.96 9.46 5.13 5.64 7.75 tJ2 5.91 tJ9 6J5I 7.20 Toronto mines, industrials By RfetartsM Secnitte Cwfe) WOT BID OR SALE (11 a.m. Quotes) (11 a.m. Quotes) 01 a.m. Quotes) MINES Acme Advocate Asb. Akaitcho Aldona Bralonw Broulan Bethlehem Bovis Brunswick Can. N.W. Land Canada Tung. Casslar Central Pat. Chlmo Conwest Cons. Rambler Coin Lake Cochenour .14 1.42 .33 8 JO 17.75 1.53 3 JO 3.40 Dickenson Mines AUnes Deer Horn D'Eldona Discovery Mines East Malartic East Sullivan FslconbrMge Frobex First Marltimes Giant Y.K. Granduc Hturmoer Hudson Bay M-S Iron Bay Afldlson Key Anmxn Lake Sflver Mamn R-U Malaiflc G.F. IWacWtyra OsiSkO .14% Pine Point 1.20 Placer Dev. 1.13 Pax Exp. .35 Quebec Man 2.25 Rayrock .45 Radiore 14.12% Rio Algom 2.35 Roman Corp. 5.20 Sherritt Gordon 7.95 Steep Rock 2.05 Tek Corp- 10.50 Texmont 1.10 Upper Canada 1.21 Western Mines 5.85 W H Cop Mines 4.00 Wright Hargreaves 1.00 .18 Willroy 1.07 1.02 Windfall .18 Yellowknife Bear 330 3.60 Zenmac .12 38-25 INDUSTRIALS .W Abilibi 11.75 Alcan 30.50 93JO Algoroa Steel 18JO 135 Atco Ind 11.75 4JO Atlantic Sugar 1M Agra Ind 11.17 77.50 Bell Tel 41.59 .25 Brazilian Trac 1747> M B. C. Tel 5030 8.90 Bums 15.75 4.05 B. C Forest 17.25 B. C. Sugar 19-75 2UOO Bow Vaney Ind 32-75 .37 Cable CAE tm 2.23 Cdn Brew .23 Owmcell u.oo col cellulose JS Calgary Power 43.W) CorOB CWN CMI 1MB ,06 GOfl IftOOSTTvtt 1JO con Maroonl 1.01 Cdn Vfcfcerj Chrysler CPR MlSrtm Intern Mooul Ku West Homes New AThona New Calumet Noranda sun 8.50 Nortcx .31 Cotis Cons Gas tMst seaonrmt Oom Bridge Oomtar Oom Own Stores Dome Pete .27 Dotasco 27JO 34.00 Glen Mo Homes 9-00 31.37% Gt Cdn Oil Sds 8.10 2.60 Gen Motors 67.00 Gt Lakes Paper 22.75 Gulf Oil Cda 36.00 Grey Lines 19.00 Hawker Sid 4J35 Hiram Walker StSO Huron and Erie Imperial Oil 4l.tO.Vi Imasca 29.25 Int Nickel 31-00 2.91 Int Pipe 24J714 Int Utilities 24.12% Indust Accept 17-37% Kelly Doug A Laurentide H-SO Loeb Loaaw A 6.62V5 Metro Stores 18-50 Massey Ferg 20.75 McMillan Blot 29.87% Moore Corp 52.25 Molsom A 25.00 Molsons B 25.00 Nadwra 7.37% North and Cent 9.87% Power Corp 11.12% Prica Co Rothmans 13.121A St. Law Corp 20.12% Shell CDA 19-75 Simpson's 8-75 Simp Sears "-00 Selkirk A 1540 Texaco Trad Group A 18.00 Trans Pipe 20.00 Trans Can Pipe 3330 1.70 Union 15.12% Union Gas 10.25 Union on KJO United Slsrae 5.15 VersaWt Mfg t37% Wettael 8 21JK) Wood A 2230 WKT Cdn Sd 137% Znffli Elec 2J50 BANKS Cdn Imoertal 30.12V4 21 jr% Montreal 1830 730 Nova Scotia 32.87% 14.00 Royal 33JTA HELENA, Mont. (AP) Hay is as precious as gold In the western third of Montana. With a poor bay crop in the process of being cut and pas- tures grazed bare, ranchers in many areas are selling cattle or shipping them to counties where the grass is greener. To compound the problem created by lack of rain, Can- ada has stopped the export of alfalfa products and wheat farmers will have little straw, which along with a high pro- tern supplement can be used for winter rations for cattle. Tba extremely dry year has driven the price of hay as high as to a ton in western Montana, northern Idaho and eastern Washington. Most Montana ranchers who have hay, however, are keeping the precious commodity. The cost of hay a year ago in Montana averaged a ton. The Canadian department of agriculture imposed a ban on the export of alfalfa products July 9. However, it is unclear here whether the ban includes al- falfa hay in addition to cubed alfalfa and alfalfa meal. At present, movement of al- falfa bay across the border has been stopped at least hi Gla- cier County and at Sandpoint, Idaho. An Idaho dairyman said fr> was turned back by Canadian customs officials this week on his way south from Creston, B.C., with a load of hay. Federal and provincial gov- ernment spokesmen have al- ready stated the Creston hay bait was not justified under erms of Canadian alfalfa trade regulations. In Toote County, where al- 10.25 4JS t3S 4JO 11.00 17.75 33OT 7330 16.75 36.00 York stocks Amr T T Anseonda steel Chrysler r -art f rt Itrt Harvester Copper HXC Sws 2J-00 X-Ron a-arvi TCTBS aw Co Corp U.S. Steel 50 Vn 71.75 10 Wet 1W33 Off :55 73.75 i w 239.17 op lt.7i ___ 20.59 "Ew ElK 37.2S 91J.W 7.72 TUKPti ZO Rails up Gen Etee JU7V4 IS W1JI op TORONTO AVWUWES op 1.S1 txfitfAtmi ward WJi 9 MM XT Few reply for tax options EDMONTON Only a few replies have been received from oil companies regarding their option of accepting higher royalty rates or an Alberta government tax on reserves still in the ground, a government spokesman bas revealed. G. B. Mellon, deputy min- ister of mines and minerals, said the replies do not show a pattern of favoring one option over the ulLej. Tbe provincial government has given the oil companies untfl July 31 to make tbeir choice known in a move aimed at raising an additional million anmiaHy from petrole- um reserves. Companies hold- ing leases have the choice of accepting a royalty rate of 21 psr cent of the value of production or a tax on reserves of 16 mills in addition to the old royally rate of 16 2-3 per cent Scotty Cameron, executive secretary of the Independent Petroleum Association of Can- ada, has said about 300 of Hie prwince's 400 oil companies win opt for the increased roy- alty. falfa hay bad also been Import- ed from Canada, Larry Hoff- man, county agricultural ex- tension agent, said many ranchers are moving their cat tie to market or shipping mem to points outside the county where green pastures are available. Minister rapped in C of C letter MONTREAL (CP) The Ca- nadian Chamber of Commerce bas replied by letter to a charge from Trade Minister Alastair Gfflespie that the chamber is "out of touch" with pdblic opinion on the need for control of foreign investment in Canada. In a letter to Mr. Gfflespie, Orland Tropea, chairman of the chamber executive, says the minister's remarks are "hardly likely to produce better communication and standing between people, across Canada represented by such or- ganizations and the federal gov- ernment.' Addressing a convention In Quebec City last month, Mr. Gfflespie said the chamber spokesman had to be "kidding when they like the business 4MMmnunity docs not consider the present level of foreign ownership a problem re- quiring government action to prevent further increases." The letter to Mr. Gillespfe says the chamber believes in legislation that would give the government power to "take ac- tion in order to prevent or limit foreign investments that would work against Canadian inter- Tne chamber says a survey showed its members ready to accept some controls in key areas of the economy but that "most businessmen consider that further foreign capital is needed for the growth of the Canadian economy." But the chamber believes the bill now before the Commons goes too far and would have "inimical" effects on the coun- try's future economic prospects and standard of living, the let ter says. Golds rise? others drop. TORONTO (CP) Golds higher, but other sectors (he Toronto stock market dropped fractionally in moder- ate mktanoming trading today. Golds were pu 2.17 to 293.93. lie industrial index, considered the major indicator of market trend, was off .15 to 216.99, base metals M to 106.84 and western oils .36 to 238.37. Volume by 11 a.m. was 000 shares compared with 000 at the same time Thursday. Despite the market's decline, advances were ahead of losses 10 to 90 with 16S issues un- changed. Bank, beverage, general man- ufacturing and steel stocks rare among sectors of the mar-' ;et recording losses while in- ustrial mining, real estate, utility and chemical issues were higher. SimpsoroSears fell to National Trust Vi to Mol- A to Stelco to and Royal Bank to Gulf Oil Corp. rose to Occidental Pete Un- on Oil to Mercantile Bank to and Falcon- ndge itickel to Pamour gained 25 cents to Camfo 15 cents to and Brenda five cents to so lost six cents to and Tonnex five cents to United Canso was off 15 cents to and Chieftain to Pan Ocean climbed to MONTREAL (CP) AH sec- tors except papers declined in light trading on the Montreal stock market Friday. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same time Thurs- day. Banks dropped .46 to 261.76, me composite .29 to 227.00, in- dustrials XI to 243.79 and utili- ties .26 to 147.98 while papers rose .36 to 123.57. On the Montreal Stock Ex- change, BP Canada gained Canadian Javelin tt Cbminco to and Melchers Distilleries to while Andres Wines was down to On the Canadian Stock Ex- change, Muscocho Explorations ecUned one cent to 52 cents on shares traded. NEW YORK (AP) Prices moved moderately higher on the stock market today. The noon Dow Jones blue chip verage up 6.98 at 913.61. Ad- ancing issues led falling stocks, 750 to 404, with 376 un- changed. Trading was active. "The market Is evaluating Phase said Monte Gordon of Dreyfus Corp. "Investors want to know now much if at all Phase 4 will ac- centuate a slowdown hi the economy. And they want to know what impact Phase 4 will Livestock Calgary livestock CALGARY (CP) Receipts to 11 ajn. from the Oalgar. Public Stockyards showed sales of 475 head, mostly re- placements. Trade was strong and active. There were insufficient slaughter cattle on offer to es- tablish quotations. Prices given are Owse of Thursday's close Steers Al, A2: 46 to 47.10 A3: 45 to 46. Heifers Al, A2: 43 to 44. A3 41.50 to 42.75. Cows Dl, D2: 34 to 35, D3 31 to 33.72. D4: 28 to 3L50. Bulls, good: 28 to 31. Replacement cattle wer mainly yearling steers in th 850 to 950 pound range, selling at strong prices. A few feeder heifers sold steady. Stok calves were rare and steady. Twelve cows wffli calves sow from to a pan-. Good feeder steers, 576 to 75t pounds, 47 to 53. More than 75C pounds, 44 to 51.50. Good feeder beifaK, more than 600 pounds: 40 'M 45.25 Good stock steer calves more than 400 pounds: 48 to 57 Good heifer calves, more than 400 pounds; 45 to 50.25. There were no hogs on offer to 11 a-m. AlASTAIR GIUESHE New phase won't phase latest auto contracts DETROIT (AP) Phase 4 won't have a major impact on bargaining for new auto con- tracts, says the president of the United Auto Workers. The UAW has not specified wage edmands for its nearly members at General Motors, Ford and Chrysler. But Leonard Woodcock insisted that the United States economic pro- gram announced Wednesday is flexible enough on wages and fringe benefits to accommodate the union's contract goals. Woodcock noted that Henry Ford H has predicted that any wage settlement probably win exceed the guide- line being cuutiiiued under Phase 4. Woodcock told reporters the prospect of continued rising prices under Phase 4 underlines the need for improving oost-of- livmg allowance benefits, a ma- jor UAW demand this year. With many uncertainties about national economic pol- icies cleared away, the union resumed outlining its demands upon the three auto-makers. On Wednesday, the union called for provisions allowing the reopening of negotiations when a contract provision is set aside by the government or otber outside Mervertion. have on Federal pol- icy." Among GaoacHae hmiM on the New York exchange, sey Ferguson was unchanged tt while Dome Mines ma up to and Hudson Bay to loco was down to Hi and Canadian Pacific H to Hog prices EDMONTON (CP) Aver age price to 11 a.m. providet by the Atoerta Hog Producers Market Board: Edmonton: NIL Average Itoursday 56.42. Red Deer: Nfl. Average Thursday 54-93. Calgary: Nil. Average Thursday 54.89. Lethbridge: NiL Average Thursday 57.63. Uoydminster: NiL Average Thursday 55.67. ftet Madeod: M. Average Thursday Total bogs sold to 11 a.m. aO. Total bogs soM Thursday average 56.27. Sows av- erage 38.65. Grain quotes CHICAGO (AP) Grain quo- tations Thursday: Wheat: Jul 3.07V4; Sep Dec Mar May 2.8. Corn: Jul Sep Dec 2.26; Mar May Oats: M 109. SEE THE LENS THAT DARKENS IN THE SUNLIGHT (VARIGRAY) OPTICAL PRESCRIPTION CO. QUALITY DENTURE CLINIC IDDY DIETRICH Certified Otntal Mtthmfc Capitol FumitiM -------vrt" SAND GRAVEL ASPHALT TOLLESTRUP SAND AND GRAVa Construction Co. ltd. PHONE 328-2702-327.3610 CAREERS TOWN OF GLEICHEN TOWN FOREMAN Duties Operation and maintenance of Water .ystems. .treeti etc. Stat. age, qual.ficationt, nVarital itatu. and .alary expected For further contact undertiflned. Application, close July 28. to commence first part of August 1973. W. E Murray, Seeretary-Trtamer Town of Gleiehen Box 159 Oleichen, Alberta Phone 734-3732 JOURNEYMAN PLUMBER We require a Journeyman Plumber with commercial experience. Applicant will be expected to do take-off work and generally assist In building a me- chanical contracting shop In lethbridge. Applicant should state age and complete resume of experience. This position offers a rewarding future to the successful applicant. All replies will be kept ly confidential. Apply to Box 74, Herald PRODUCTION FOREMAN MOBILE HOMES Major manufacturer of mobile homes ?s seeking an outstanding individual for the above position. Reporting directly to the production manager, he will be responsible for the supervision of a minimum of 50 people. Ability to organize and direct, plus previous mobile home experience, will enable this individual to master the foreman's posifioti and progress to fur- ther management positions.. Reply in confidence, providing detailed written re- sume, to: Box H-1939, Calgary Herald SHOP FOREMAN FOR IOCAL FARM EQUIPMENT and MACHINERY MANUFACTURER Must be experienced in this field and able to work well with other people and work without supervision. Salary negotiable to experience: only experienced parties need apply. Apply in person to VICTORY EQUIPMENT LTD. 920 2nd AVE. 'A' NORTH, IETHBRIDGE PHONE 327-4389 WHERE SMART WOMEN SHOP Reifinan: are interviewing for ASSISTANT MANAGER We are looking for ambiHous applicants to the responabaity of store management or asritant management. must have had in fashion retailing. Must be a starter, ambitious, and interested in getting ahead in a retail career. We are also interested in training experienced ladies' wear sales personnel who would to be trained to assume "the responsibility of management. Salary based on and AppfT: MRS. S. KlAUSr Reftmen's College Mall, or Fhorw for appointment. ;