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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 25, 1974, Lethbridge, Alberta B.C. oilfields outlook 'good9 CJURLIE B.C. The outlook in British Columbia's oilfields is good in spite of predictions a year ago that disaster would follow the provincial government's ITSE firms 8 losing money TORONTO A brief to the Ontario Securities Com- mission by the Toronto Stock Exchange says member firms have been losing money since April at an expected annual rate of more than million. The exchange based on a survey of its 91 member is in support of an application to allow a tem- porary surcharge of 17.5 per cent to be added to stockbroker commissions for transactions of more than The commission has scheduled a public hearing on the application for Aug. 7. The loss rate is based on fig- ures for the three months end- ed June 30 when member firms capital in the amount of the ex- change said. The loss represents 7.2 per cent of the capital of the in- dustry Current figures show no sign of improvement in the second fiscal quarter which began this an ex- change spokesman said. NOTICE OF DIVIDEND No. 64 CLASS SHARES NotiLi1 is hervby j-iven lint Ihe Bo.ird of Directors has do flared dividends tot.ilirv 6vc. on the irnount paid up on CUbb A Shares ulut S20 00 of prcfirrentuil dividend ot b md m jdditiun.il dividend tjl pud on or ahoul beptumbi-r 3 J974 to holders of such sh.in'i ot record at the iJost ot business on Wc-dnes djy July 31 1974 By Order o' the Bojrd UNITED GRAIN GROWERS LIMITED J. A. WHITE. Secretary July 10 1974 Winnipeg Manitoba gas sale brings gov't .5 million EDMONTON The Alberta government has received in the sale of 14 petroleum and natural gas drilling reservations. BP Oil and Gas Ltd. and Sulpetro Petroleums Ltd. teamed to pay for 960 acres west of the Hamelin field in the Blueberry moun- tain 60 miles northwest of Grande Prairie. Pacific Petroleums Ltd. paid the second highest for acres east of the Marten Hills field in north- central 130 miles north of Edmonton. COME KLEEN INTO 1271-2nd Avenue South For your cleaning see the people who supply the professionals. KLEEN Limited supplies a complete line of equipment and supplies for commercial and household use. SEE KLEEN Limited 1271 2ND AVENUE LETHBRIDGE 328-6073 Lethbridge Calgary Red Deer Edmonton Vernon Dawson Creek Grande Prairie The Herald Business Stock prices higher at mid-session doubling of petroleum royalties. The fields stretch 400 miles along the northern B.C.- Alberta border. British Columbia's first produced in this was reached at depths of about 000 feet at costs of about 000 a well. South of Dawson the drills now are preparing to go feet down and the com- panies are looking at costs in the million range. They are willing to spend such amounts in a bid to find new resources which they can then tie up for the future. Industry observers say there is considerable significance in the re- appearance in B.C. of some of the major oil companies. Phillips Petroleum a subsidiary of Oklahoma-based Phillips Petroleum and Imperial Oil have both been putting money in the ground in this area after staying out of the province for 10 years. Most discoveries in B.C. have been natural most of which goes for export. The province produces only about one-sixth of its own oil needs but many believe there are large fields yet to be found as the drills go deeper and deeper. Mayor Peter Frankiw of Fort St. a contractor servicing the oil was one who predicted heavy un- employement would follow the increase in royalties. He is happy he was wrong. Timber harvest okayed EDMONTON The provincial government an- nounced today that Spray Lakes Sawmills Ltd. of has been issued a permit harvest timber in the Marmot Creek experimental watershed in the Kananaskis 70 miles southwest of Calgary. The operation will be con- ducted as part of an experi- ment to determine the effects of timber removal on the timing and quality of streamflow from the 3.2- square-mile watershed research area. Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Atton Mines 5.25 Albany Oil .37 Alta East Gas 5.00 Alminex 5.50 Asamera Ashland Oil BP Canada Brenda Mines 5.50 Cda Southern 3.25 Cdn Export Gas 3.25 Cdn Homestead 4.35 Cdn Ind Gas 7.25 Cdn Long Island .17 Cdn Superior 40.50 Chieftan Dev Dome Pete 26 Dynasty 9.12V4 Ft Reliance Giant Mascot .93 Gibraltar Mines 7.87V4 Granisle 6.00 Grt Plains 39.75 Grt Cdn OH 7 50 Lochiel Explor 1.82 Lytton Minerals 1.50 Noble Mines .47 North Cdn Oil 3 80 Numac Oil PanCdn Pete Pan Ocean 12.25 Petrol 1.46 Pinnacle Place Gas Ponder -46 Ranger Oil 24.50 Scurry Rain 19.25 Seibens 11.50 Spooner Total Pete 8 50 Ulster Pete .93 United Canso 13.50 West Pete 3.55 Western Decalta 6.25 MISCELLANEOUS INDUSTRIES Acres Ltd 7.l2Vz Aquitame 24.50 BC Sugar C Pfd 12.50 Block Bros 3.05 Canbra Foods 2 70 Cdn A Pfd 29.50 Carling A Pld 18 75 Carling B Pfd Com Capital Corp 2.00 Crest Forest 5.50 Falcon Copper 1050 F M Trust 4 25 Genstsr 18.25 Home Oil A 39.50 Home Oil B 36.00 Hud Bay Co 16.75 Hud Bay Oil 28 25 Hugh Russell C Pfd 74.00 Husky Oil 17.50 Husky Oil B Pfd 33.00 Husky Oil E War Inter Pipe War 3.00 Inter S P 1600 Kaiser Res 4.25 Kaiser Res War 1.93 Loblaw C Pfd Magnasonics 2.35 Pac Pete 21.12'A Pac West Airlines 7 75 Pe-Ben O'lfield 5.00 Ramer Inc 3.25 Royal Trust 22.00 Sandwell 5 75 Teledyne Trimac Westfield Mm Weston A Pfd Whltepass Yukon 4.35 4.40 .95 51.00 6.75 PIPELINE STOCKS Alta Gas A 12.75 Alta Gas Pfd 53.25 Alta Nat Gas 17 75 Gaz Metro 5.50 Gaz Metro A Pfd 55.00 Inland Nat Gas 8.75 N C Gas 10.25 N C B Pfd 20.50 Pac Gas Tr 8.75 Tr-Cda Pipe 9.B7V4 Tr-Cda A Pfd 54.00 Tr-Cda B Pfd Tr-Cda Pipe War 1.05 West Trans 19.25 West Tr War 2.60 CALGARY Acroll .38 Barons Oils 06 North Continental .02 Western Warner .25 VANCOUVER MINES Atlas Explorations .21 Bathurst Norsemmes 1.59 Dankoe 2 50 Davenport .70 Dolly Varden .18 Equitorial Res Lornex 7 25 Northair Mines 2 05 Primer .03 Pyramid .08 Silver Standard 1.90 Valley Copper 6 00 INDUSTRIALS Columbia Brewing 4 85 Key Industries .07 Wardair 1.75 OILS August Petroleum .26 Plains Pete .15 Ponderay Explorations .63 Stampede Int'l Res 61 MUTUAL FUNDS All Cdn Compound 5.33 5.79 All Cdn Dividend 5.55 6.03 All Cdn Ventures 2 75 2.99 Amer Growth Fund 4 08 4.48 A G F. Special 2 05 Cdn Investment Fund 4.44 4.87 Collective Mutual 4.55 5.00 Eaton Commonwealth 12.23 Eaton Leverage 2 88 Eaton Int'l Venture 5 30 Corp Investors 561 6.16 Corp Inv Stock Fund 4.24 4.66 Dreyfus Fund U.S. 8.76 9.60 Great Pacific 4.07 4.45 Grouped Income Shares 2.68 Growth Equity 6.17 6.78 Investors Growth Fund 10.86 11 87 Investors Mutual 5.15 5.63 Mutual Accumulating 5.61 6.17 Nat Resources 412 453 N.W. Cdn 5 01 5.51 N W Growth 3.97 4 36 Principal Growth 3.72 4.08 Provident Mutual 6.65 7 27 Royfund Income 4.97 5 18 Templeton Growth 7 05 7 73 United Accumulative 4 09 4.49 Universal Savings 7.23 7.95 Univest 5.48 6.02 Vanguard 4.81 5 27 Toronto industrials by Richardson Securities of MINES Burns 10.75 Acme .09 BC Forest 14.12'A Advocate Asb 1.45 BC Sugar A 20.00 Akaitcho 2.10 Bow Valley Ind 19.25 Bralorne 1.33 Cable 12.87Vz Broulan .59 CAE Ind 8.37Vz Bethlehem 10.75 Carling O'Keele 2.35 Bovis 1.50 Chemcell Brunswick 3.85 Can Cellulose 5 00 Can NW Land 4.90 Cal Power Canada Tung 445 Coron Credit 315 Cassiar 6.75 CWN Gas Pfd 9.00 Central Pat 1.10 Cdn Ind 21.50 Chimo 1.22 Cdn Marconi 3.00 Conwest 4.75 Cdn Vickers Cons Rambler 2.61 Chrysler Com Lake .21 CPR Cochenour 1 68 Commco 28.75 Craigmont 4 80 Cons Bathurst 28.00 Dickenson Mines 9.75 Cons Gas Demson Mines 42.75 Dist Seagrams 34.25 D'Eldona .35 Dom Bridge 43 25 Dome Mines 59 50 Domtar Discovery Mines 2.05 Dom Textile East Malartic 6.00 Dem Stores 15.25 East Sullivan 2.61 Dome Pete 28.50 Falconbridge Dofasco 31 25 Frobex .18V4 Glen Mobile 2.75 First Mantimes .40 Grt Cdn Oil 7 25 Giant Y. K 19.50 Gen Motors 43.75 Granduc 1.90 Grt Lakes Paper 20.25 Hollinger 26.75 Gull Oil Hudson Bay A 19.75 Greyhound Hydra Ex .75 Hawker Sid 6.12Vi Iron Bay 4.80 Hiram Walker A 44.37V4 Iso 1.36 Huron Erie Johet Quebec .23 Imperial Oil A 32.50 Kerr Addison 12.75 Imasca A 26.75 Key Anacon .30 Int Nickel Labrador 29.50 Int Pipe 15.37V4 Lake Shore 6.50 Inv Grp A 6.50 Langis Silver .09 IU Int'l 12.50 Malartic G. F 1 71 IAC Ltd 15.25 Martin McNeely .34 Kaps 2 23 Maclntyre 31.00 Kel Douglas A 5.00 Meta .13V4 Laurentide 7.75 Midrim .15 Loeb 3.15 Intern Mogul 6.25 Loblaw A Nu West Homes A 6 00 Metropolitan 9.50 New Athona 32 Massey Ferg 17.00 New Calumet .22 McMill Bloed 26 50 Noranda A 39.75 Moore Corp 50.75 Northgate 6.25 Molsons A 20.75 Norlex Molsons B 19.50 Pine Point 31.75 Nachurs 6.37V4 Placer Dev 19 North Cent 10 25 Pax Exp 1.60 Power '11.12V4 Quebec Man .21 Price Co 13.87Vz Rayrock 1.11 Peyto .24 Rolhmans Rio Algom 29.00 Shell CDA 15.00 Roman Corp 1000 Simpsons 7.62VJ Sherritt Gordon Simps Sears 10.75 Steep Rock 1.46 Steel Can A 31.62Vz Sunningdale Selkirk A 12.50 Tek Corp A 3.40 Texaco 37.50 Texmont .18 Trad Grp A 10.00 United Canso Trans Mtn Pipe 13.75 Western Mines 2 62 Trans Can Pipe WH Copper Mines 3.30 Union Carbide 20.00 Wright Hargreaves 2.55 Union Gas Willroy 1.90 Union Oil 9.25 Windfall .13 United Siscoe 4.85 Yellowknife Bear 2.95 Versatile Mfg Zenmac .07V4 Westeel 21 INDUSTRIALS Westons 24 25 Abitlbi Woodwards A Alcan 29.87Vz Canbra Foods 2.70 Algoma Steel 27.00 A'.co Ind 14.75 BANKS Jannack Can Imperial 25.25 Agra Ind Montreal 15.50 Bell Tel 42.75 Nova Scotia 35.25 Brascan A 13.50 Royal 31.50 BC Tel 52.62 Vi Tor Dom 36.00 New York bv Richardson Securities of Amr T T 44.25 Woolworth Anaconda Westlnghouse Elec 13.00 Beth Steel US Steel 48.25 Chrysler 15.75 Gen Tel Elec 21.75 Comsat 32.00 TORONTO AVERAGES Dupont 154.00 20 industrials 19108 down 38 General Motors 20 Golds 543.53 up 14.30 Gulf 10 Base Metals 82.94 up .96 Int Harvester 24.00 15 Western Oils 195.11 up .86 Kenn Copper 34.00 Volume Montgomery Ward NEW YORK AVERAGES Sears 20 industrials 797.40 down 8 37 Std Oil of N.J. 20 Rails 166.01 up .77 Texas Gull 30.00 15 Utilities 7087 down .03 Texas Co 26.75 65 Stocks 242.82 down 1.28 TORONTO Prices on the Toronto stock market were moderately higher in moderate mid-morning trading today. The industrial wide- ly-based indicator of market rose .43 to golds 8.84 to base metals .70 to 82.68 and western oils .82 to 195.07. Volume by 11 a.m. was shares compared with shares at the same time Wednesday. Advances outnumbered de- clines 142 to 72 with 145 issues unchanged. Hudson's Bay Oil gained to Canadian Industries Vz to Canadian Tire A Vz to Consolidated- Bathurst Vz to and Imperial Oil A to Giant Yellowknife was up to Pamour to Dickenson to and Camflo to Total Pete rose to Canadian Homestead 10 cents to and Coseka five cents to Price lost to Hudson Bay Mining A Vs to Pan Ocean to United Canso Vs to and Sogepet 10 cents to Market trends MONTREAL Prices were mixed in light trading on the Montreal Stock Exchange today Papers rose 1 20 to in- dustrials .61 to 208.58 and the com- posite .12 to 196.67 while utilities fell 1 25 to 128 73 and banks 26 to 244 76. Consolidated Bathurst rose to Chrysler to and Dome Petroleum 'a to while Massey- Ferguson fell Vi to and Bank of Montreal to VANCOUVER Prices were up in heavy trading on the Vancouver Stock Exchange Wednesday Volume at the close was shares In the industrials. Macmillan Bloedel led up 62'j at on shares EDP was down la .10 on 5.000 shares. Captain Inter- national was unchanged at 20 on shares lonarc was unchanged at .50 on 4.000 shares. International Centura was unchanged at 15 and thermoplex was down .01 at 49. In the mines Barrier Reef rose SI at on 539.850 shares Consolidated Beaumont was up 04 at 37 on 428.200 shares Consolidated Coast silver was up 03 at 60 on 399.272 shares Cypress was up .13 at 75 on 161.200 shares. Rackla River was up 04 at .41 and Ex- eter was up 03 at 31. In the oils. Payelte was down 08 at 55 on 81.500 shares Cop-Ex was up 06 at 36 on 49.000 shares. Payette Warrants were down .01'z at 11 on 600 shares Galveston was down 01 at 19 on 9.900 shares August Petroleum was down 02 at 30 and Seneca Developments was unchanged at 78 NEW YORK The stock market was widely mixed today as profit taking cut off a three-day rally The 11.30 a.m Dow Jones average of 30 industrials was down 5 55 at 800.22. but gamers hung on to a four-to-three lead over losers on the New York Stock Exchange Allegheny Power led the NYSE most active down at Among Canadian Dome Mines rose 2 to Seagrams to Inco Vs to Massey Ferguson gave up 'M to Canadian Pacific to Alcan to Winnipeg grain Livestock Calgary CALGARY Receipts to 11 a m. Thursday from the Calgary public stockyards totalled 1.500 mostly slaughter cattle Trade was active Slaughter steers met a good demand at prices higher Heifers sold steady for quality but lighter-weights were discounted to Cows met an uneven demand at barely steady prices Bulls were steady Steers. A2. 53-54.90 A3. 51-52 50 Al. A2 4350-45 A3- 41-13 Cows. D2 28-30 D3 25 50-27 50 D4. 20-25. good- 30-34 Replacements were mostly yearling steers weighing 700-800 selling steady A few feeder heifers sold steady Good feeder steers more than 750 pounds. 40-45. under 750 pounds' 46-48 90 Good feeder heifers more Beef futures WINNIPEG Live beef futures Wednesday Sept Nov 5000B-Jan 5000B Tuesday's volume No contracts. than 600 pounds- 30-40 Hogs fob to 11 a m 43 55 Hog prices EDMONTON Prices to 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board Wednesday prices in brackets Edmonton. 43.55 Calgary 43 55 Lethbndge. Nil Hogs sold to 11 a.m Hogs sold Wednesday. 8 691 Average. 43 53 Sows average. 22.75. WINNIPEG Rapeseed at both Vancouver and Thunder Bay terminals as well as flax posted maximum gains in a steady volume of trade at mid-session today on the Winnipeg Commodity Exchange Rye was generally 10 cents higher and feed wheat oats and introduced for futures trading were active Mid-session prices Thunder Bay rapeseed. July 20 cents higher 8.87B. Oct 20 higher 8 11B. Nov 20 higher 8 Dec 20 higher 761B Vancouver rapeseed. Sept 20 higher Nov 20 higher 8 20 higher 8 March 20 higher 8.13B. Flax July 30 higher 12 38B Oct 30 higher 12.17B. Nov 30 higher 11 97B. Dec 30 higher ll.89V.iB. Feed wheat' Oct. 4 Dec and May no price Barley Oct 30148 Dec May 2.97B. Chicago markets CHICAGO Commodity futures were strong on all major ex- changes in the United States Wednesday with limit gams posted in several commodities On the Chicago Board of Trade soybeans rose the 20 cents a bushel limit corn 10 oats six soy- bean meal a ton and soybean oil 100 points or one cent a pound Wheat closed 19 cents higher although the distant May option had touched the 20 cents limit after the opening Iced broilers gained about '2 cent Dollar value MONTREAL U S dollar in terms of Canadian funds at noon today- was up 1-10 at 19-50 Pound sterl- ing up 1-100 at 32 22-25 Oats Oct Dec 196B. May 1.96B Rye July 10 higher Oct higher 3 29B. Dec higher May higher 3.25B QC 1003 4th Avenue Lethbridge Telephone 328-4426 rocessiny erviccs NOTICE OF DIVIDEND No. 64 CLASS SHARES NiMice ib guyn Ihjt Ihe Bojrd jf D mclors has de ured T aiicdt'nd at the rjii- ot SI 20 on thp Clj55 -B shares i.re 00 e.icni This is out OT earnings ippro priated at the 'jte ot 30 cents per annum n Ihe three period ending July 31 1973 jnd 30 cents appropriated n the July 31 197J This di.idend IMII be pi d un or about September 3 1974 to nolders ol such shares ol reco-d st the close ol busmeis on Wednesday July 31 1974 By Order of the Board UNITED GRAIN GROWERS LIMITED J A WHITE Secretary July 10 1974 Winnipeg Manitoba A CUT CABLE CAN HURT SO MANY WAYS If you cut a buried telephone it could hamstring a hospital or cripple a com- munity. It does more than cut off telephone service. It can sever medical ambulance police emergency firefighting telecommunications service vital to every aspect of home and community Mfe. It's frightening when you think about it. It can be even more frightening if it actually happens. Don't let it happen because of you. Here's an easy way not to be a FREE CABLE-SAVER SERVICE DIAL '0' AND ASK FOR ZENITH 07128 AGT's BURIED CABLE LOCATION SERVICE Do it well in for a Cable Locator lo flet to the scene fast. No charge for Ihe call or the service we're grateful you called. Thank You I Keeps you in touch with service ;