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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 22, 1974, Lethbridge, Alberta ins. bcinDmuuE ncnAuw The Herald Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN AND Alton Albany Alia East Ashland BP Brenda 37 Vi Cda 10 Cdn Export Cdn Cdn Ind Cdn Long Cdn Chieftan Dome Ft Giant Gibraltar Grt Grl Cdn Lochiel 72 Lytton 50 Noble North Cdn Numac PanCdn Pan 42 V4 Place Rsnger Scurry 1 Total Ulster United West West Acres BC Sugar C Block Canbra Cdn Pac A Carlmg A Carlmg B Com Capital Crest Falcon 87V6 F M Home Oil Home Oil Hudson Bay Hud Bay Oil Hugh Russell C Husky Husky Oil B Husky Oil E 37 Vz Inter Pipe Inter S 4 Kaiser Kaiser Res 95 Loblaw C Pacific Pac West Pe-Ben Ramer Inc Royal Trust Sandwell Teledyne Tnmac West Mm Weston A Pfd Whitepasb fukon PIPELINE SOTCKS Alta Gas Aita Gas Pfd Alta Nat Gas Gaz Metro Gaz Metro A Inland Nat Gas N C Gas N C B Pld Pacidc Gas Trans Tr-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda Pipe B Tr-Cda Pipe War West Trans West Tr War 325 2275 575 415 435 93 51 00 650 5325 1775 5 5600 875 1000 20 875 975 52 31 00 1 00 1900 260 CALGARY Acroll 36 Barons Oils 06 North Continental 02Vz Western Warner 25 VANCOUVER Atlas Explorations 22 Bathurst Norsemmes 1 49 Dankoe 2 45 Davenport 70 Dolly Varden 17 Equitonal Res 10 Lornex 6 25 Northair Mines 1 81 Primer 03 Pyramid 09 Silver Standard 1 60 Valley Copper 6 00 INDUSTRIALS Columbia Brewing 4 85 Key Industries 08 Wardair 1 65 OILS August Petroleum 31 Plains Pete 15 Ponderay Exp 60 Stampede Int'l Res 61 MUTUAL FUNDS All Cdn Compound 529 5 75 All Cdn Dividend 5 51 5 99 All Cdn Ventures 2 78 3 02 Amer Growth Fund 4 07 4 47 A G F Special 2 03 Cdn Investment Fund 4 36 4 78 Collective Mutual 4 46 4 90 Corp Investors 551 6 05 Corp Inv Stock Fund 4 12 453 Great Pacific 4 04 4 42 Grouped Inc Shares 2 64 Growth Equity 6 07 6 67 Inv Growth Fund 1058 1157 Investors Mutual 5 05 5 53 Mutual Accumulating 5 52 6 07 Nat Resources 4 01 4 41 N W Cdn 4 B9 5 37 NW Growth 394 433 Principal Growth 3 62 3 87 Provident Mutual 6 48 7 08 Royfund Income 4 99 5 20 Templeton Growth 7 06 7 74 United Accum 4 02 4 42 Universal Savings 711 782 Univest 5 43 5 96 Vanguard 477 513 Toronto industrials by Richardson securities 01 A Tel Advocate Forest Sugar A Valley Ind Ind O'Keefe Can NW Canada Cellulose Power Central Credit Gas Pfd Ind Cons Marconi Com Vickers Dickenson Denison Bathurst D Gas Dome Seagrams Discovery Bridge East East Textile Stores Pete First Giant Y Mobile Cdn Oil Motors Hudson Bay Lakes Paper Hydra Oil Iron Sid Joliet Walker A Kerr Erie Key Oil A A l_ake Nickel langis Pipe R Grp A Juialartic G Int I Martin Ltd Douglas A Intern Nu West Homes A New Athona flew 30 A Metropolitan Massey Ferguson ftoranda Bloed Corp A Pine B Placer Pax Co Quebec CDA Rio Roman 87 Sears Sherritt Can A Steep A Sunnmgdale Tek Corp Trad Grp A Mtn Pipe United Can Pipe Western Carbide WH Copper Gas Wright Hargreaves 1 Oil United Siscoe Yellowkmfe A Foods Mgoma Imperial Mco Scotia Vjra Bell Dom 1375 5300 11 1900 1900 8 12V4 226 625 480 2300 310 900 21 00 290 1450 27 2675 1400 3425 4200 2400 9 2700 340 775 2050 2900 16 5 62Vz 44 21 25 3050 27 2775 1525 625 11 1550 223 500 775 300 675 1000 16 37Vz 2525 5050 2075 1950 625 1350 1200 1400 775 1075 31 25 1250 3550 1025 9 1950 900 5 21 00 24 20 225 2425 1550 3450 30 34 New York bv Richardson Securities of Light trade on TSE Stock prices drop slightly A lot of picking Ijnr Nhaconda Seth Steel Jhrysler Jupont Seneral Motors Jull HI Harvester Cenn Copper Montgomery Ward ibars lid Oil of N J exas Gulf exas Co 221214 1475 28 37 151 00 44 19.75 22 87 'A 31 26 25 77 25 72 2900 24 75 W6olworth 1350 Westinghouse Elec US Steel 4675 Gen Tel Elec TORONTO AVERAGES 20 Industrials 187 37 up 33 20 Golds 514 80 down 2 77 10 Base Metals 8CX69 up 13 15 Western Oils 184.48 up 53 Volume NEW YORK AVERAGES 20 Industrials 783 71 down 4 22 20 Rails 161 29 down 69 15 Utilities 68 06 down 44 65 Slocks 237 23 down 1 25 A lot of pickin' Spring planting of the salad bowl crops in the Holland Marsh district north of Toronto was delayed this year due to long periods of wet weather. While much of the work is performed by the thinning of lettuce plants must still be carried on by and the Gucsmas family of Bradford have a lot of picking to do. Lukas his wife Magdolna and daughter work thinning rows of lettuce. Cheque-cashing procedure tightened by urban banks TORONTO Prices on the Toronto stock market were fractionally lower in light mid-morning trading today. The industrial wide- ly-based indicator of market fell .10 to golds 6.60 to 510.97 and western oils .40 to 183.55. Base metals rose 01 to 80.57. Volume by 11 a.m. was 000 shares compared with MONTREAL Puces were mixed in light trading on the Montreal Stock Exchange today Volume at 11 a m was 250 700 shares compared with 202 100 at the same time Friday Utilities dropped 45 to 127 56 papers 45 to 116 20 industrials 32 to 200 77 and ihe composite 31 to 190 35 -while banks rose 13 to 238 22 Dominion Bridge rose to BP Canada M to and Moore to shares at the same time Friday. Declines outnumbered ad- vances 85 to 75 with 141 issues unchanged. Hayes-Dana A lost to Investors Group A to MacMillan Bloedel V4 to Inco to to and Loeb 15 cents to Westeel Rosco gained to Price to to Ashland Canada to to Market trends while Commco fell 'j toS27'jand Pan Ocean Oil to Among speculative issues Abilibi Mining rose nine cents to 80 after trading 7 000 shares VANCOUVER Prices were down in moderate trading on the Van- couver Stock Exchange First hour volume was 262 400 shares In the industrials. Newmark was un changed at 90 on 1 000 shares In the Livestock Calgary MONTREAL Urban bank branches have tightened cheque-cashing procedures to guard against a rising amount of fraud and a bank security specialist said Thur- sday Government readily negotiable in the public eye and therefore a favorite of fraud coming under special scrutiny in many said Michael director of security for the Canadian Bankers Association. Forgery is the chartered banks' big he said. somewhere in the neighborhood of five to 10 times more than the very spectacular and often- publicized bank robberies. the bank is after is that they know the client and that he have a banking connnection No relief seen in sugar price WASHINGTON World sugar produc- tion is climbing again but United States government officials are cautious about predicting an easing in high prices which have reduced sugar consump- tion in some including Canada Total world output is estimated at a record 83 7 million metric tons in up from last season's 81.2 the U S agriculture department says in a report to be published today. Increases are ex- pected in most of the sugar-producing coun- tries The most optimistic sign was that new production estimates will surpass expected needs by 2.2 million tons In when prices produc- tion exceeded demand by only 1.7 million the report showed. Officials put es- timated 1974-world sugar consumption at 81 5 million com- pared with 79 5 million last season. One official said the supply still will be relatively tight despite the indicated buildup in world stocks. Thus he it would be dif- ficult to predict sugar prices on the basis of the new estimates The report showed prices of raw sugar delivered at New York averaged 26 3 cents a pound in up from 10.3 cents for all of 1973 Retail prices charged U S. consumers have risen to about 31 cents a pound in supermarkets The report said there is evidence that high prices have dampened consumption in countries where the price is not controlled prices have discouraged con- sumption in where sugar usage dropped by four per cent in 1973-74 In per-capita consumption was down a pound or more in 1973-74 from the 104-pound level of 1972- Arabs may invest slice of oil wealth in U.S. Saudi Arabia Saudi Arabia probably will in- vest portion of its oil wealth in the United the Saudi oil minister said Saturday. Sheik Ahmed Zaki Yamani said Americans need not fear that the Saudis will buy up American industries with their billions of dollars in sur- plus funds Saudi Arabia is the Middle East's major exporter of oil. Yamani said in an interview at his palatial summer home near Saudi Arabia's summer capital at Taif that his govern- ment is considering investing in special U.S. government securities. 4 U.S officials say they hope to borrow up to billion from the Saudis through special issues. U S. Treasury Secretary William now on a four- day visit to Saudi said he outlined a proposal for the special securities to Saudi leaders Although Yamani said the Saudis still are considering the Simon proposal for special appeared optimistic think we probably will invest in the United States Besides the special he said the Saudis might also invest in the U S stock market. But he said they have no current interest in buying real estate. gas revenues increase The Saskatchewan government's revenue last year from' petroleum and natural gas was an increase of more than a quarter from the million in 1972. The annual mineral statistical yearbook released today also lists revenue of million from up from million from other up from million. The revenues come from various rentals and there in order to cash his che- Mr Ballard said in an interview. Cheque-cashing is a matter of individual bank policy and is often controlled at the branch but the trend is to turn away clients who do not have an account at the branch Mr. Ballard listed mail theft as a major source of the prob- lem used to be that the mail was kind of sacred in this he said. the mail is victimized About government cheques are stolen every he said. Half of these are unemployment insurance payments. In Toronto and the number of stolen cheques may reach 300 each month In addition to mail new graphic arts developments are making out- right forgery he said. Highly specialized rings of forgers are at work in making cheques along with identification used in cashing them Grocery and department stores have been victimized as well as banks Mr Ballard said there are cases where stores refuse to cash any government cheques. He denied the charge that welfare recipients will suffer because they do not have the money to maintain bank ac- counts doesn't cost anything to have a bank account and it's s-jch'a simple matter to open one and establish a banking he said. Transients trying to cash government benefit cheques are usually asked for references such as a relative or friend whom the bank he said. CALGARY Receipts to 11 a m Mondav from the Calgary public stockyards totalled 900 head mostly s'.dugliter steers and cows Trade was active on steers and and dull on cows Slaughter steers sold around 20 cents higher Heifers were in short supply selling higher Cows met an in- different demand at prices lower Bulls were steady A2 50-55 50 A3 51-53 Heifers A2 45-47 30 Cows Dl D2 28-3050 D3 24-2750 D4 20-24 Bonds GOVERNMENT OF CANADA BONDS Oct 9625 9635 Jul 9600 9700 Sept 73 Sept 66.00 6800 Sept 15 Perp 3200 3400 Apr 9815 9835 Jul 9790 9810 PROV PROVINCIAL GUARANTEED BONDS Alta '90 8950 9050 Ont '88 78 00 79 00 v. H '94 90 50 91 50 NB '90 9850 NS '92 6950 7050 Que 74 9850 Alta '90 9850 Man H '91 81 50 82 50 Sask '90 8950 9050 Nfld 90 9850 AGT 74 9925 MGT 74 9925 INDUSTRIALS Alta Gas '90 90 00 Alcan 91 9100 BC Forest '92 93 00 BC Tel '90 980010000 Bell Tel 79 97 50 Bell Tel '93 92 00 CP Ltd '89 95 00 CP Sec '90 89 00 CU Int'l '91 93 00 Cdn Nat 90 93 00 Gull Oil '90 96 00 In Prov '90 91 00 Massey 80 93 00 Noranda '90 9000 Intl Nickel 90 90 00 N S C Gas '91 95 00 Steel Cda '90 90 00 Tr-Cda 90 92 00 Tr-Cda Pipe '90 94 00 West Tr '93 80 00 CONVERTIBLES Acklands '88 8500 9000 Alta Gas '90 12500 13000 Con Gas '39 68 00 70 00 Scur Rain 88 78 00 81 00 West Tr C '88 64 00 68 00 West Tr '91 88 00 90 00 NOW LEASING 11 Square Feel Slzw from RICHFIELD Bulls good 30-34 There were insufficient replacements sold earlv to establish quotations Hogs f o b to 11 am 4250 Hog prices EDMOftTON Prices to 11 a m Monday provided bv the Alberta Hog Producers Marketing Board Fn- daj prices in brackets Edmonton 4300 Red Deer 4250 Hogs sold to 11 a m 4 059 hogs sold Friday 9 905 average 41 25 Sows average 22 50 Dollar value MONTREAL US dollar in terms ol Canadian funds al noon was up 2 25 at SO 98 1 10 Pound sterling was unchanged at S2 34 14-25 In New York the Canadian dollar was down 9-100 al 01 9.i 100 Pound sterling was down I 5 at 1 10 Federated Co-operatives Ltd. Canadian Tire A to and Texasguif Vs to Gibraltar was down Vi to Camflo to and Campbell Chibougamau Vi to Canada Tungsten rose 10 cents to 15 United Canso fell Vs to and Canadian Southern Pete five cents to American Quasar Fete was up Vi to Nortn Canadian Oils 15 cents to 50 and Western Decalta ls to mines Barrier Reef was down 15 al W 95 on .il 150 shares and in the oils River was down 02 at b8 on 8000 shaies i Prices louci in another slow session on the New stock market The noon Dow Jones average was down at 784 11 and losers held a slight edgo on gainers American Telephone and Telegraph the most active issue was up '4 at j'. Canadian issues Dome Mines tell Pi ic Canadian Pddlic 'hloS14 Mclnture'c Into was unchanged al S28'j Winnipeg grain iCPi Prices con- tinued mixed db nicked UD towards toiiax on the Win- nipeg Commodih Exchange Rdpeseed made strong in good jctmU while no eased as much as cenis a bushel Plax ujs mixed Knddi s volume' ol trade 1 08b 000 bushels ol lljx t 998 000 of rjpesced and 1 bJ7 000 ol rve Mid-session prices Max Juh .t-i lower II Ih highor I104A Nuv three higher I07HB lour higher Rapescc'd Sep six higher 7'_ higher 774 Jan 11 higher Mar 8'i higher 74P.B Mapeseed Thunder luh 20 higher R 27B I seven higher 7 iStn lour higher 7 Mi Dec unchanp c-d Juh lour lower 299 Get 5'j lowei 290'JJ Iue lower 2 95B .I1- limn Hll B. F. DAHLSTROM I Appointment of B F. Dahlstrom as j manager Consumers Co-operative Refineries has been I announced by W E chief executive officer of Federated Co- operatives Ltd CCRL is a wholly- owned subsidiary of Federated Co- operatives Mr Dahlstrom has been with the refinery since 1953 and has held several positions which al various limes have given him responsibility for engineering and con- struction Federated with home olhce at pro- vides wholesaling and other central services to 430 retailing co-operatives m Western Canada ANNOUNCEMENT GARRY CLARKE Block Bros Realty is pleased to announce that Garry Clarke is now a salesman for them Garry formerly sold for Coaldale Insurance Real Estate and has a good background in the real estate industry Garry wishes to extend an invitation to all his friends and customers to drop into the office or con- tact him at home BLOCK BROS. MBAL WTATI co LTD 328-170S 24 Country Club Be Closed TUESDAY. JULY 23rd future of TRANSMISSION SUPPLIES Ltd. NOW LEASING Square Feet Bay tlZM from WHOLESALE WAREHOUSE COMMERCIAL OFFICES SHOPS RICHFIELD Call 328-1705 24 Hours ;