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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 23, 1974, Lethbridge, Alberta The Herald Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines 5.00 Albany Oil .38 Alta East Gas 5.25 Alminex 5.25 Asamera 7.25 Ashland Oil 7.50 BP Canada 14.00 Brenda Mines 5.37 Yi Cda Southern 3.15 Cdn Export Gas 3.05 Cdn Homestead 4.20 Cdn Ind Gas 7.00 Cdn Long Island .17 Cdn Superior 38.75 Chieftan Dev Dome Pete 27.75 Dynasty 8.50 Ft Reliance .16 Giant Mascot .90 Gibraltar Mines 6.00 Granisle 8.00 Grt Plains 39.50 Grt Cdn Oil Lochiel Explor 1.72 Lytton Minerals 1.60 Noble Mines .48 North Cdn Oil 3.90 Numac Oil 13.25 PanCdn Pete 9.75 Pan Ocean 10.75 Petrol 1.42 Pinnacle .34 Place Gas .33 Ponder .46 Ranger Oil 25.25 Scurry Rain 19.00 Seibens Spooner .32 Total Pete 7.75 Ulster Pete .92 United Canso 13.75 West Pete 3.40 West Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitame 23.25 BC Sugar C Pfd 12.50 Block Bros 3.00 Canbra Foods 2.70 Cdn Pac A Pfd 29.00 Carling A Pfd Carlmg B Pfd 20.75 Com Capital 1.95 Crest Forest 5.75 Falcon Copper 10.12V4 F M Trust 4.30 Genstar 17.50 Home Oil A 38.50 Home Oil B 35.25 Hudson Bay Co Hud Bay Oil 26.75 Hugh Russell C Pfd 73.75 Husky Oil 16.75 Husky Oil Pfd 33.00 Husky Oil E War 6 75 Inter Pipe War 3.10 Inter S P Kaiser Res 4.25 Kaiser Res War 1.92 Loblaw C Pfd 24.50 Magnasonics 2.20 Pacific Pele Pac West Air Pfi-Ben Oilfield 5.00 Ramer Inc 3.25 Royal Trust Sandwell Teledyne Trimac West Minerals Weston A Pfd Whitepass PIPELINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N C Gas N C B Pfd Pac Gas Trans Tr-Cda Pipe Tr-Cda A Pfd Tr-Cda B Pfd Tr-Cda Pipe War West Trans West Trans War 6.00 4.25 4.35 .95 51.00 53'.25 17.75 5.25 55.00 8.75 9.87 55.00 31.25 1.00 19.25 2.70 CALGARY Acroll .38 Barons Oils North Continental Western Warner .25 VANCOUVER MINES Atlas Explorations .22 Bathurst Norsemines 1.49 Dankoe 2.40 Davenport .68 Dolly Varden .19 Equitorial Res Northair Mines 1.61 Primer .03 Pyramid .08 Silver Standard 1.60 Valley Copper 6.05 INDUSTRIALS Columbia Brewing 4.85 Key Industries .08 Wardair 1.65 OILS August Petroleum .32 Piains Pete .14 Ponderay Exp .63 Stampede Int'l Res .61 MUTUAL FUNDS All Cdn Compound 5.29 5.75 All Cdn Dividend 5.51 5.99 All Cdn Ventures 2.77 3.01 Amer Growth Fund 4.08 4.48 A.G.F. Special 2.04 Cdn Inv Fund 4.37 4.79 Collective Mutual 4.48 4.92 Eaton Commonwealth 12.12 Eaton Leverage 2.85 Eaton Int'l Venture 5.26 Corp Investors 5.49 6.03 Corp Inv Stock Fund 4.13 4.54 Great Pacific 4.05 4.42 Grouped Income Shares 2.64 Growth Equity 6.05 6.65 Inv Growth Fund 10.6511.64 Investors Mutual 5.07 5.55 Mutual Accum 5.53 6.08 Nat Resources 4.03 4.43 N.W. Cdn 4.89 5.37 N.W. Growth 3.94 4.33 Principal Growth 3.72 4.08 Provident Mutual 6.51 7.11 Royfund Income 4.97 5.78 Templeton Growth 7.07 7.75 United Accum 4.03 4.43 Universal Savings 7.12 7.84 Univest 5.42 5.96 Vanguard 4.77 5.23 Toronto industrials by Richardson Securities ot MINES Acme Advocate Asb Akailcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Maiartic East Sullivan Falconrj ridge Frobex First Maritimes Giant Y. K. Granduc Holhnger Hudson Bay A Hydra Ex Iron Bay Iso Joliel Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Maiartic G. F. Martin McNeely Maclntyre Meta 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 Algom Roman Corp Sherntt Gordon Sunningdale Tek Corp A Texmont United Canso Mines WH Copper Mines Wright Hargreaves Mllroy Windfall fellowknife Bear Jenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Jannack Agra Ind Bell Tel Brascan A BC Tel Forest Sugar A Valley Ind Ind O'Keefe Cellulose Power Credit 6. 12 Gas Pfd Ind Cdn Marconi Vickers Bathurst Gas Seagrams Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid Walker A Erie Oil A A Nickel Pipe Grp A Int'l Ltd Douglas A A Ferg Bloed Corp A B 31. Cent Corp Co CDA 9.87 Sears Can A A Grp A Mtn Pipe Can Pipe Carbide Gas Oil Siscoe .07 Mfg A Foods Imperial 42.87 Scotia Dom 11.12V4 13.75 19.50 19.50 8.25 2.30 6.50 4.90 22.75 3.10 9.00 21.00 3.0Q 14.50 27.50 14.00 34.25 42.00 25-12V4 10.12V2 15.37Vi 27.75 3.25 7.50 43.50 20.50 29.12V2 16.87V4 5.87V4 44.25 32.00 27.50 28.50 12.00 15.25 2.21 5.00 7.75 3.10 6.75 10.25 26.00 50.75 20.50 19.25 6.25 11.00 13.75 12.00 7.50 10.75 31.50 12.50 37.50 10.00 9.87V4 19.75 4.90 21.50 24.25 20.75 2.70 24.75 16.00 New York by Richardson Securities of imr T T 44.00 Woolworth 13.87V4 inaconda 23.25 Westinghouse Elec 12.75 leth Steel 32.00 U.S. Steel Ihrysler 14.75 Gen Tel Elec 21.75 lomoat 29.37V4 TORONTO AVERAGES lupont 154.00 20 Industrials 189.68 up 1.89 ieneral Motors 20 Golds 514.29 down .56 iulf 19.8714 10 Base Metals 81.05 up .42 it Harvester 23.00 15 Western Oils 188.43 up 2.65 lenn Copper 33 25 Volume lontgomery Ward 26.50 NEW YORK AVERAGES 78.37V4 20 Industrials 797.79 up 7.43 ltd Oil of N.J. 75.25 20 Rails 163.68 up 1.BS exas Quit 29.50 15 Utilities 69.88 up 1.69 exas Co 25 25 65 Stocks 241.58 up 2.85 Winnipeg grain WINNIPEG Futures prices were mixed to lower in continuing light trade at mid-session today on the Win- nipeg Commodity Exchange. Flax and rye were both while rapeseed ranged from eight cents a bushel higher to lower. Monday's volume of trade was 000 bushels of of rapeseed and 601.000 of rye. Mid-session prices' July 13 lower Oct. seven lower Nov six lower Dec. 6V. lower 10.93B. Rapeseed Sept. lower Nov. 1V2 higher Jan. two higher Mar. unchanged 7.53. Rapeseed Thunder Oct. higher one lower Dec. eight higher July not open. July three lower Oct. 2'A lower Dec. Vz lower May five lower 2.99A. Grain quotes Monday basis High Low Close Flax Jly 1148 1126 1148 Oct 1127 1100 1127 Nov 1108 1072 1107 Dec 1098 1068 Rapeseed Vancouver Sep 806V-1 799 Nov 786 765 778 Jan 762 742 779 Mar 753 742 762 Rapeseed Thunder Bay Jly 827 Oct 752 741'A 752 Nov 644 Dec 701 Rye Jly 301 Oct 306 297 Vz 304 Dec 298 VZ May 304 Currencies MONTREAL Tuesday's mid-day foreign exchange selling rates supplied by the Bank of Australia dollar 1.4750 Bermuda dollar 1.01 China renminbi .5100 Denmark kroner .1700 France franc .2100 Germany mark .3900 Hungary forint .0417 Italy lira .001575 Japan yen .003445 Mexico peso 0793 Netherlands guilder .3810 Norway kroner 1870 zloty .3210 Spain peseta .0175 Sweden kroner 2290 Switzerland franc .3360 United States dollar 9830 United Kingdom pound 2.3700 U.S.S.R. ruble 1.30 Quotations in Canadian funds Gold futures WINNIPEG Gold futures. U S funds. Winnipeg Commodity Ex- change close Monday 400-ounce Jly 74 Oct. 74 Jan 75 Apr 75 Jly 75 165.80B. Friday's volume. 261 contracts. lOO-ounce Aug 74 Nov 74 151 Feb 75 May 75 162.00B. Aug 75 167.40. Friday's 114 contracts. Metals LONDON Monday's closing metak bid-ask in pounds sterling a metric silver in pence a troy ounce' futures 782-783 futures 3.505 futures 223-223.5 futures 446-447 3 months 179.4- 179.5 Beef futures WINNIPEG Live beef futures close July 53.70. Sept. Nov. Jan 48 OOB Friday's 14 Feed prices WINNIPEG Wheat Board domestic feed grain prices 3CW red spring wheat 3.03. No. 1 feed barley No. 1 feed oats 1 84. Earnings By THE CANADIAN PRESS Abitibi Paper Co. six months ended June 30- a 1973. 56 cents. Economic Investment Trust six months ended June 30' 1974. 33 cents a 1973. 29 cents. Foodcorp year ended March 31. 1974. 35.4 cents a 1973. 22 3 cents. Fraser Companies six months ended June 30- 1974. a 1973. Imperial Oil six months ended June 30- 1974. a 1973. 73 cents. International Nickel Co. of Canada six months ended June 30- 1974. a share. 1973. 24. International six months ended June 1974. a 1973. Nabors Drilling Ltd.. ended 1974. a share. 1973. Price Co. six months ended June 30- a 1973. Shore lo Shore Corp. six months ended May 1974. Winco Steak n' Burger Restaurants 24 weeks ondcd June 1974. 292 cents a 1973. 23 cents. Coronation Credit Corp. three months ended March 1974. six cents a 1973. six cents. Coseka Resources nine months ended April Moffat Communications nine months ended May 1974. 80.4 cents a 1973. 65.1 cents. Noranda Mines six months ended June 1974. 67 a Shares a laugh Marvin of shares a laugh with his calf in Cambridge's Dickson Park. Between 300 and 400 calves were on display during the Ontario Jersey Club competition and show. Market prices sharply higher TORONTO Prices on the Toronto stock market were sharply higher in moderate mid-morning trading today. The industrial index rose 1.63 to golds .17 to base metals .42 to 81.05 and western oils 1.44 to 187.22. Volume by 11 a.m. was 000 shares compared with shares at the same time Monday. Advances outnumbered de- clines 119 to 80 with 151 issues unchanged. Dome Pete gained to Gulf Canada to Imperial Oil A to Moore Vz to and Algoma Steel to Bank of Nova Scotia lost Vt to Oshawa Group A Vs to Abbey Glen 10 cents to and Simpson's Vs to Northgate was up VB to Pamour Vs to and Yel- lowknife Bear five cents to Lake Shore fell to and Sigma Vt to Pan Ocean rose Vt to and United Canso Vs to Canadian Export Gas was down 15 cents to -and Western Decalta Vs to Market trends MONTREAL All sectors ad- vanced in light trading on the Montreal Stock Exchange today. Volume at II a.m. was compared with 250.700 at the same time Monday The industrial index rose 2.81 to 204.87. the composite 2.09 to 193.66. banks 1 18 to 241 72. papers .90 to l'l8.59 and utilities .12 to 128.12. Consolidated Bathurst rose lo International Nickel to Gulf Oil Canada '2 to Celanese Canada to and Aquitaine to Among speculative issues. Goldex Mines fell 15 cents to after trading 2.300 shares. VANCOUVER Prices were down on light trading on the Vancouver Slock Exchange Monday Volume at the close was 2.341.000 shares In the industrials. Canterra was un- changed at 37 on 8.500 shares. Cana- dian Javelin was unchanged at on 3.000 shares. lonarc was down 02 at 50 on 2.900 shares and Thermoplex was up .03 at .43 on shares. IU Inter- national was up .25 at while BBC Trust units was down 25 at In the mines. Gladiator was un- changed at .20 on 336.500 shares. United Rayore was unchanged at .55 on 128.040 shares. Barrier Reef fell .20 to on shares and Arcadia Ex- plorations was down .03 at 35 on shares. Consolidated Fortune Channel was unchanged at .38 and Cypress was up .09 at 55. In the oils. Payette was down .03 at .67 on 31.700 shares. Payette Warrants A was up 04 at .21 on shares. Colonial was down .05 at on 10.700 shares and Delta Petroleums was un- changed at 11 on 10.000 shares Galvcston was down .04 at and Seneca Developments was unchanged at .80 NEW YORK The stock cheered by Consolidated Edison of New York's resumption of its advanced broadly in accelerated trading today. The 11-30 j.m Dcfw Jones average of 30 industrials was up 8.14 at 798.50 and gainers tripled the number of losers on the New York Stock Exchange. Dow Jones' average of 15 utilities jumped 1 56 to fi9 72 after Con Ed's an- nouncement that it would pay a divi- dend of 20 cents per share for the third quarter. Among other utilities. Philadelphia Electric gained '.2 to at the top of the NYSETlnosl active list. Orange and Rockland Utilities to Florida Power and Light 1 'Xi at United which reported lower second-quarter earnings was down to Among Canadian issues. Dome Mines moved ahead 1 to Inco to S29'i. Massey Ferguson 'z to Alcan lo Canadian Pacific to Seagrams to Livestock Calgary CALGARY Receipts to 11 a.m. Tuesday from the Calgary public stockyards totalled 2.600 mostly slaughter cattle in the heavier-weight range. Trade was moderately active. Slaughter steers were lower. Steers weighing under pounds were discounted to There were a fair number of butcher bulls on offer. Heifers were lower. Cows met a narrow demand at lower. Al. 51.25-53.70. 49.50- 51. Heifers. Al. 42-44.75. 40- 4150. Cows. 25-27.40. 22.50- 24.50. 18-22. 30-34. Replacements were mostly fleshy shortkeep steers and heifers selling steady. Good feeder 40-47.60. Good feeder 31-37.50. Hogs f.o.b. to 11 43.50. Contracts for A Iberta ethylene plant awarded CALGARY The Alberta Gas Ethylene Company Lt. has awarded the prime engineering and construction contract for its Alberta ethylene manufacturing plant to the Lummus Company of Canada Toronto. Making the. announcement R. L. president of Alberta Gas said contract has been award- ed on the condition that the necessary arrangements would be made with Alberta- owned engineering firms to ensure lhat maximum prac- ticable use will be made of such firms in the procurement and construction of the The Lummus contract covers material procurement and construction of the ethylene plant. The plant site will be announced shortly. Construction will get under way in 1974 with operational start-up planned for 1977. Alberta gas ethylene is a subsidiary of the Alberta Gas Trunk Line Company Limited. The ethylene which will have an annual production capacity of 1.2 billion is the key facility in the Alberta Petrochemical Complex Rise in beef prices hinted TORONTO Beef prices will have to rise before they can get a Food Prices Review Board spokes- man said Monday. John board predicted last month that beef prices would start tapering off soon but choice cuts of meat increased by 10 to 30 cents a pound. Mr. Morris said that farmers' unwillingness to send their cattle to market unless they get a price that covers their cost of production has caused the price increase. He said that last month farmers held back their wait- ing for a price higher than the average to a hundredweight. He said the result was a shortage of cattle in stockyards which was aggravated by the government's ban on United States cattle fed with a controversial growth hormone and a six-week strike by Alberta meat-packing plants. By last he beef reached to a which sent the price of wholesale dressed beef to 92 cents a pound from 87 and retail cuts to from looking at calf we know that greater supplies are out Mr. Marvis said. just not being sento to He said that by fall the cattle should start coming into the market because farmers find it unprofitable to keep them over the winter. Keith general manager of the Meat Packing said Monday that high steak prices aie the result of the government's em- bargo on U.S. cattle. American cattle prices are nearly 10 cents a pound lower than Canadian prices and if the border was reopened Canadian prices would im- mediately drop to the U.S. he said. The complex consists of world-scale plants in Alberta to manufacture ethylene and first-line derivatives of ethylene. will provide the opportunity for independent Alberta businessmen to participate in the dozens of end-product manufacturing plants which should locate in Alberta as a result of the Mr. Pierce said. stress on maximum upgrading in Alberta and Albertan par- ticipation is a cornerstone of Alberta gas ethylene The ALPEC project will provide broad opportunities for further upgrading in Alberta. Low density polyethylene is used to make film for such products as household garbage bags and industrial bags. It is also used in cable coverings and toys. High density polyethylene becomes plastic toys and automobile com- ponents. Vinyl Chloride monomer up- graded to polyvinyl chloride can be used in sewer plastic phonograph floor tile and home siding. From ethylene oxide-ethylene glycol. anti-freeze and polyester fibres are produced. Vinyl upgraded to polyvinyl goes into adhesives and paints. Bank increases lending rate to 11 per cent ANNOUNCEMENT GARRY CLARKE Block Bros. Realty is pleased to announce that Garry Clarke is now a salesman for Ihem Garry formerly sold for Coald.ale Insurance S Real Estate and has a good background in the real estate industry. Garry wishes to extend an invnation to all his friends and customers lo drop into the office or con- tact him at home. BLOCK BROS. 1240- 3rd Ave. S. TORONTO Cana- dian Imperial Bank of Commerce announced Mon- day an increase in its minimum lending rate by one- half of a percentage point to per effective im- mediately. The interest rate paid on non-chequing savings ac- counts will be increased to per cent from effective Aug. 1. The increases are similar to those announced June 26 by the Bank of Montreal. Condition of crops C A REE R S WANTED Required youthful personnel for fully modern automotive must have acety- lene welding top company good working right person can advance rapidly. APPLY BOX 34 THE LETHBRIDGE HERALD Hog prices very good EDMONTON Prices to 11 a m. Tuesday provided by the Alberta Hog Producers Marketing Board. Mon- day prices in brackets. 4350 Calgary 43.50 Red Deer- 43.50 Grande Nil Hogs sold to 11 a.m. hogs sold Monday average 42.64. Sows average 23.00. Chicago markets CHICAGO Profit taking and the weather were major factors in the declines of some commodity futures m the United States but gainers pushed ahead under good demand. Some of the selloffs were linked to the expiration of July options on the major exchanges. July corn closed the limit of 10 cents a bushel but other corn prices were mixed. Chicago wheat and oats also were mixed. soybean meal and soy oil with oil posting limit losses first then limit gains at the close in two options. Iced broilers fell about one cent a pound. Cotton futures soared the limit of S10 a bale and silver futures moved up the limit of 20 cents an ounce. World sugar rose to 100 but cocoa and coffee futures closed on irregular tones. Live hog futures fell the limit of per hundredweight because of lower cash hog prices and concern that incle- ment weather might bring on heavier supplies while pork bellies fell to the hmil early. Weakness in hogs .set up the decline Shell eggs lell back some 155 points in a sollnfl that followed of the .luK option at noon. Some selling was attributed to weakness of allied At the soybeans were un- changed to 84 cents a bushel higher. Aug 7.52. Chicago wheat was nine lower lo six higher. Sept. Gulf wheat was five to seven Sept. corn was 1 to 6 lower. Sept. and oats were unchanged to I3j Sept 1.70'.. Dollar value MONTREAL U.S. dollar in terms of Canadian funds at noon today war. down 7-50 at 41-50. Pound sterling was down 57-100 at 77-100. In New the Canadian dollar was up 3-20 at 23-100. Pound sterl- CALGARY Crops in Alberta are generally in very good condition following this week's windy says the Alberta Wheat Pool's weekly report. moisture con- ditions were variable throughout the with south and south-central dis- tricts in need of rain. points of the Red Deer Provost crop deterioration due to lack of moisture some crops are North of the Red Deer Provost dry weather was necessary for crop development. Hail storms were widespread this week in the Peace River said the with Hincs Dawson Spirit McLennan and High Prairie also reporting hail. of fall seeded crops has begun in southern districts. Swathing of fall rye is common and has just begun 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 WOOLCO AUTO CENTRE Has Openings for Licensed APPRENTICES AND SERVICE MEN Good Starting Salary. Excellent Bonus Program. Com- pany Benefits include Co. paid Life Supplemental Drug Medical Registered Pen- sion Plan. For Appointment call the Manager 328-8014 ;