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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 29, 1974, Lethbridge, Alberta juiy IDE kCinoniUUB tlcHALU Z9 The Herald Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS MINES Alton Mines 5.00 Albany Oil .37 Aita East Gas 5.12V4 Alminex 5.50 Asamera Ashland Oil 7.50 B.P. Canada 13.75 Brenda Mines 5.50 Cda Southern 3.10 Cdn Export Gas 3.00 Cdn Homestead 4.15 Cdn Ind Gas 7.25 Cdn Long Island .17 Cdn Superior 41.00 Chieftan Dev 6.37V4 Dome Pete Dynasty 9.25 Fort Reliance .13 Giant Mascot .86 Gibraltar Mines 7.87V4 Granisle Great Plains 39.75 Gt Cdn OH Sands Lochiel Exp 1.69 Lytton Minerals 1.45 Noble Mines .46 North Cdn Oil 3.45 Numac Oil PanCdn Pete 10.00 Pan Ocean Petrol 1.50 Pinnacle .33 Place Gas Ponder .46 Ranger Oil 22.00 Scurry Rainbow 19.37V4 Seibens 11.25 Spooner .29 Total Pete Ulster Pete .91 United Canso 12.25 WC Pete 3.50 Western Decalta MISCELLANEOUS INDUSTRIES Acres Ltd 7.00 Aquitaine 24.00 B.C. Sugar C Pfd 12.50 Block Brothers 3.00 Canbra Foods 2.75 Cdn Pac A Pfd 29.50 Carling A Pfd 18.50 Carling B Pfd 21.50 Com Cap Corp 1.85 Crestbropk For Ind 5.75 Falconbridge Cop 11.25. F M Trust 4.25 Genstar 18.25 Home Oil A 38-50 Home Oil B 36.00 Hudson Bay Co 16.50 Hudson Bay Oil 29.00 Hugh Rus C Pfd 76.00 Husky Oil 17.00 Husky Oil B Pfd 33.00 Husky Oil E War 6.75 Inter Pipe War 2.90 inier Steel 16.25 Kaiser Resources 4.05 Kaiser Res War 1.90 Loblaw C Pfd 24.50 Magnasonics 2.10 Pacific Pele Pac West Airlines 7.75 Pe-Ben Oilfield 4.85 Rainer Inc 3.00 Royal Trust 21.87vz Sandwell Taledyne Trimac Westfieid Minerals Weston A Pfd Whltepass Yukon PIPELINE STOCKS Alta Gas A Aita Gas Pfd Alta Natural Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N C Gas N C Gas B Pfd Pac Gas Trans Trans-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda Pipe B Pfd Tr-Cda Pipe War WC Trans WC Trans War 5.75 4.25 4.35 .95 51.00 6.87V4 12.87V4 55.00 17.75 5.25 56.00 20.00 8.50 10.50 57.00 31.50 1.04 2.55 CALGARY Acroll .35 Barons Oils .06 N. Continental .02 Western Warner .25 VANCOUVER MINES Bathursl Norsemines 1.73 Dankoe 2.55 Davenport .68 Dolly Varden .17 Equitorial Res. .10V4 Lornex 7.75 Northair Mines 2.18 Primer .03 Pyramid .09 Silver Standard 1.88 Valley Copper 6.00 INDUSTRIALS Columbia Brewing 4.85 Key Industries .07 Wardair 1.20 OILS August Petroleum .31 Plains Pete. .13 Ponderay Explorations .63 Stampede Int'l Res .62 MUTUAL FUNDS All Cdn. Compound 5.26 5.72 All Cdn. Dividend 5.48 5.95 All Cdn. Ventures 2.73 2.97 Amer Growth Fund 3.98 4.37 A.G.F. Special 2.01 Cdn. Invest Fund 4.41 4.84 Collective Mutual 4.55 5.00 Eaton Comnwlth 12.18 Corp. Investors 5.58 6.13 Corp Invest Stock Fund 4.20 4.62 Dreyfus Fund U.S. 8.77 9.61 Great Pacific 4.11 4.46 Grouped In Shares 2.67 Growth Equity 6.14 6.75 Invest Growth Fund 10.82 11.83 Investors Mutual 5.15 5.62 Mutual Accum 5.60 6.20 Nat. Resources 4.16 4.57 N.W. Cdn. 4.98 4.57 N.W. Growth 3.90 4.29 Principal Growth 3.76 4.13 Provident Mutual 6.64 7.26 Royfund Income 4.97 5.18 Templeton Growth 7.04 7.72 United Accum 4.05 4.45 Universal Savings 7.21 7.93 Univest 5.52 Vanguard 4.31 5.27 Toronto industrials by Richardson Securities of MINES Acme .09 Advocate Asb. 1.45 Akaitcho 2.15 Bralorne 1.33 Broulan .59 Bethlehem Bovis 1.52 Brunswick 4.15 Can. NW Land 4.70 Canada Tung. 4.60 Cassiar 6.75 Central Pat. 1.11 Chimo 1.25 Conwest 4.60 Cons. Rambler 2.95 Coin Lake .21 Cochenour 1.73 Craigmont 4.75 Dickenson Mines 10.00 Denlson Mines 44.00 D'Eldona .36 Dome Mines 58.00 Discovery Mines 2.16 East Malartic East Sullivan 2.65 Falconbridge 39.50 Frobex .19 First Maritimes .45 Giant Y.K. 20.00 Granduc 2.00 Hollinger A Hudson Bay Hydra Ex. .82 Iron Bay 4.85 Iso 1.35 Joliel Quebec .23 Ke-r Addison 13.25 Key Anacon .30 Labrador 30.00 Lake Shore 6.50 Langis Silver .09 Madsen R.L. .91 Malartic G.F. 1.85 Martin McNeely .33 Maclniyre 31.75 Meta Midrim .16 Intern Mogul 6.25 Nu West Homes 5.75 New Athona .30 New Calumet .24 Noranda Northgate 6.00 Norlex .18 Pine Point 31.50 Placer Dev. Pax Exp. 1.70 Quebec Man .22 Rayrock 1.11 Radiore .23 Rio Algom 28.50 Roman Corp. Sherritt Gordon 8.75 Steep Rock 1.41 Sunningdale 6.00 Tek Corp. A 3.50 Texmont United Canso Western Mines 2.50 WH Copper Mines 3.25 Wright Hargreaves 2.60 Willroy 1.98 Windfall .15 Yellcwknife Bear 2.90 Zenmac INDUSTRIALS Abitlbi 12.00 Alcan 29.75 Algoma Steel 27.00 Atco Ind 14.75 Jannack 5.75 Agra Ind Bell Tel 42.75 Brascan A 13.00 BC Tel Burns 11.25 BC Forest BC Sugar A 19.50 Bow Valley Ind 17.00 Cable 12.75 CAE Ind Carling O'Keefe 2.30 Chemcell Can Cellulose 5.50 Cal Power 22.75 Coron Credit 3.15 CWN Gas Pfd 9.00 Cdn Marconi 23.00 Cdn Vickers CPR 13.75 Cominco Cons Bathurst 28.00 Cons Gas 14.00 Dist Seagrams Dom Bridge 43.25 Domtar 25.50 Dom Textile 10.50 Dom Stores Dome Petfl Dofasco Glen Mobile 2.75 Grt Cdn Oil 7.25 Gen Motors 42.50 Grt Lakes Paper 20.50 Quit Oil Greyhound Hawker Sid 6.25 Hiram Walker A 43.50 Huron Erie 20.75 Imperial Oil A 30.75 Imasca A 26.50 Int Nickel 28.25 Int Pipe 14.50 Inv Grp A IU Int'l I AC Ltd 15.25 Kaps 2.25 Kel Douglas A Laurentide Loeb 3.15 Loblaw A 6.75 Metropolis Massey Ferg 16.25 McMill Bleod Moore Corp 50.00 Molsons A 20.50 Molsons B 19.50 Nachurs 6.25 North Cent Power Corp Price Co 13.50 Peyto 5.00 Rothmans 13.00 Shell CDA 14.50 Simspons 7.75 Simp Sears 11.00 Steel Can A 31.00 Selkirk A 12.00 Texaco 37.00 Trad Grp A 10.25 Trans Mtn Pipe 14.00 Trans Can Pipe Union Carbide 19.75 Union Gas Union ON 9.25 United Siscoe Versatile Mfg 5.75 Westeel 21.50 Westons Woodwards A Canbra Foods 2.70 BANKS Can Imperial 24.50 Montreal Nova Scotia Royal 30.75 Tor Dom 35.25 New York by Richardton Securities of Amr T T Woolworlh 13.12W Anaconda 23.62V4 Westinghouse Elec 12.37V4 Beth Steel U.S. Steel 46.25 Chrysler 15.00 Gen Tel Elec 20.12V4 Comsat 29.62V4 TORONTO AVERAGES Dupont 150.50 20 168.98 down 1.51 General Motors 43.50 20 Golds 544.10 up 18.70 Gull 19.87V4 10 Base Metals 83.60 down .25 Int Harvester 15 Western Oils 190.82 down 1.97 Kenn Copper 33.37 Volume 664.000 Montgomery Ward 24.37V4 NEW YORK AVERAGES Sears 70.75 20 Industrials 769.66 down 14.10 Exxon Corp 75.50 20 Flails 160.90 down 2.36 Texas Gulf 28.50 15 Utilities 69.88 down .73 Texas Co 25.62V4 65 Stocks 235.34 down a Wiw rnrfi 11 O71A 1 54ft ftnO venture Young dabbler It didn't take Scott of Scarborough very long to get into the pioneer spirit during a visit to Black Creek Pioneer Village in northwest Toronto. Scott was soon in the thick of things and was busy dabbing some protective oil on a newly made wooden wheel built by wheelwright Norm Rose Market prices sharply lower TORONTO Prices on the Toronto stock market were sharply lower in moderate midmorning trading today. The industrial index fell 1.15 to base metals .17 to 83.68 and western oils 1.87 to ISO.92. Golds rose 17.5 to 542.87. Volume by 11 a.m. was 000 shares compared with 621.000 shares at the same time Friday. Declines outnumbered ad- vances 113 to 93 with 125 issues unchanged. Imperial Oil A lost to IU International to Gulf Canada to Inco to and Lambda 25 cents to Algoma Steel gained to Brinco Vs to and Bank of Montreal Vs to Falconbridge Copper was down to and Placer to Campbell Red Lake rose 2 to Dome Mines IVfe to and Camflo Vz to United Canso fell to Alberta Eastern Vs to SSVs and Western Decalta to Coseka was up five cents to Market trends MONTREAL Prices were generally lower on the Montreal Stock Exchange today. Volume at 11 a.m. was compared with shares at ihe same time Friday. The industrial index fell 1.97 to 205 30. banks 1.77 to composite 1.68 to utilities .66 to 128.49. while papers remained unchanged at 121.11. Bowatcr fell 20 to Bombardier fell 10 to Imperial Oil fell to Canadian Tire fell to while Newfoundland Light and Power rose 'A to Among speculative issues. Con- Winnipeg grain WINNIPEG Thunder Bay rapeseed futures posted strong advances in a mixed volume of trade at mid-session of the Winnipeg Commodity Exchange while Vancouver rapeseed remained up the maximum 20 cents on active bidding with limited trading. Flax gained seven to 12 cents on a good volume of oats and barley recorded maximum gains and rye was generally higher in an uneven market. Friday's trading volume was bushels of of of of feed of rapeseed and of rye. Mid-session Thunder Bay July 20 cents higher Oct. 19 higher Nov. 24 higher Dec. unchanged 7.81B. Vancouver Sept. 20 higher Nov. 20 higher Jan. 20 higher March 20 higher 8.S3B. July seven higher Oct. eight higher Nov. 12 higher Dec. 83A higher 12.28A. Feed Oct. three higher Dec. and May no prices Oct. 10 higher Dec. 10 higher May unchanged 3.12B. Oct. eight higher Dec. eight higher May two lower 1.96B. July 'A higher Oct. seven higher May IVi higher solidated Developments rose 5 on a volume of 25.000 shares traded. VANCOUVER Prices were mixed in moderate early trading today at the Vancouver. Stock .Exchange. Volume to noon was shares. Leading the industrials was Pacific Northern Gas. down .20 at on 600 shares. In the Barrier Reef was un- changed at on shares. Oils leader was Seneca down .01 at .73 on a tur- nover of NEW YORK Prices took a steep drop in the stock market today amid concern over resurgent agricultural commodity prices. The 11 -30 a.m. Dow Jones average of 30 industrials was down 14.94 at 769.63 and losers held a four-to-one advantage over gainers on the New York Stock. Exchange. Trading was relatively however. Brokers said investors were fearful of new inflationary pressures arising from the recent upsurge in commodity prices because of drought in important farming areas. Analysts further noted continuing concern over the stability of the inter- national banking system following the failure of West Germany's Herstatl Bank last month. Gold and silver issues gained reflecting the inflation worries and the political uncertainties posed by the impeachment issue. ASA was up to Homestake Mining to Inter- national Mining to In the glamor IBM lost 4'A to Digital Equipment to Pfizer to Control Data 1'A to Evans most active NYSE lost Vs to Among Canadian Dome Mines gained IW to .Hiram Walker fell to Massey Ferguson to Alcan to Auto firm enters cattle industry New York Times Service RIO DE JANEIRO Volkswagen is diversifying in Brazil for the first time into cows. The Brazilian subsidiary of the West German auto which is Brazil's biggest automobile has now begun a cattle industry in the Amazon basin area. Volkswagen's new venture reflects a shift in the Brazilian government's Amazon policy to place emphasis on the par- ticipation of large rather than small settlers for the development of the vast virgin forest area. The Volkswagen cattle farm covers acres and is situated at Santana Do near a branch of the Amazon River in the northern state of Para. Wolfgang Franz president of Volkswagen of Brazil and the new cattle- raising Vale Do Rio presented the company's new plans to the Amazon Development Agency last month. The according to a expecting approval at any and thus has begun clearing acres of forest for grazing land. The rest of the land must be kept according to conservation laws. By Volkswagen plans to be producing head of cattle mainly for export to the European Economic Japan and the United States. Deficit recorded in trade balance OTTAWA Declining exports and increased crude oil imports shifted the June seasonally-adjusted trade balance to a deficit of million from a surplus of million in Statistics Canada reported Friday. Exports were estimated at down 4.5 per cent from the previous the federal agency reported in preliminary figures. Imports increased about five per cent in June tc a level of billion. On a quarterly the trade balance declined to a surplus of million in the second quarter of com- pared with a sur- plus in the first quarter. And the total surplus for the first half of 1974 is well below the surplus in the first half of 1973. Exports for the quarter ad- vanced two per cent to but this was partially offset by a 3.8-per-cent increase to billion for imports during the same three-month period. Seek probe on price of spuds VANCOUVER Federal Agriculture Minister Eugene Whelan has been asked to look into charges that inexpensive Washington State potatoes are being dumped in British causing financial hardship for local potato producers. Ed secretary manager of the B.C. Coast Vegetable Marketing said today that 10 pounds of potatoes sell in B.C. for 69 cents compared with prices of for 10 pounds a few months ago. He said the board has asked Mr. Whelan to investigate the situation. At the beginning of the B.C. producers were getting a ton for their produce but since then wholesalers have been able to purchase smaller Washington State potatoes for a said Mr. Gilmore. Livestock Calgary CALGARY Receipts to 11 a.m. Monday on the Calgary public stockyards totalled about mostly slaughter cattle lacking in qual- ity. Trade was dull with a narrow de- mand for all classes. There were insufficient steers weighing pounds sold early to es- tablish quotations. Lightweight steers A2 under 000 pounds 46 to 49. Heifers Al. A2- 40 to43.50. Cows D2- 25 D3- 22 to D4- 18 to 22. Good bulls 30 to 33. There were insuf- ficient cattle sold to establish a reliable market. Steers under pounds were un- der pressure at sharply lower prices. Heifers sold lower. Cows met a very narrow demand at prices to Inwpr RllIU wpro fnirlv elaariv SALESPERSON REQUIRED For employment in a local building supply store. Knowledge of hardware and lumber an asset but not a requirement. Salary commenuiirate with ability. Reply in writing to Box Herald stating qualifications. Higher shipments to United States markets accounted en- tirely for the two-per-cent in- crease in the second quarter while the 3.8-per-cent increase in imports originated from overseas with crude oil major Statistics Canada said. Exports to the Canada's biggest trading were up 3.7 cent to billion in the second quarter. Crude petroleum shipments were higher by more than million while smaller increases occurred for fabricated metals and machinery. Exports of automotive and related products declined about million over the se- cond quarter as a result of reduced production and sales in the U.S. automotive in- dustry. other lumber and automotive products contributed to the decline in overseas shipments. The economic reasons for the venture are clear. The Amazon Development Agency is offering extremely attrac- tive incentives for investment in priority areas. These apply to companies ready to go into the area by Dec. 1974. Income Tax Cut A VW spokesman described them as comprising 50 per cent income-tax reduction for 10 years and exemption from duty and taxes on mahincery and equipment imported for the Amazon area project. Volkswagen company of- ficials have acknowledged that two-thirds of the ISO- million investment will result from investment incentives. Brazil's government- controlled press has generally refrained from commenting on the incentive program. Only the opposition weekly Opiniao has drawn attention to the Amazon Development Agency's new policy. It the big com- panies not only have an organ to finance their projects but also a philosophy to justify the creation of their giant tropical The company has con- sidered diversification elsewhere in its worldwide operations in the wake of sales drops ranging from 20 to 30 per cent in most of its major markets for the first quarter of 1974. The group as a whole lost more than in the March its first deficit. In sales are continuing to rise. Volkswagen produced vehicles in 1973 and accounted for 50 per cent of Brazil's total auto production. The com- which is expected to open a new assembly line next has been producing vehicles largely for the local but this year it started an export program and is expected to ship million worth of vehicles to Africa and the Middle East. As to there are several other large cattle-raising pro- jects in the but basically ranching is a new industry in the Amazon.. Volkswagen has other plans for the with projects including industrialization of wood for cellulose and paper pulp and meat-refrigeration plants in association with other ranches in the area. Plan office EDMONTON Archweld Products Ltd. will open a western regional office and distribution centre here in Oc- Tony the com- pany's regional sales manager said here. The Montreal-based company services the metal fabricating industry. The new offices will be the first in the west for the 45-year-old company which is part of the international firm of British Oxygen NEED Square Feet 1 Sfwpc Call 328-1705 24 Hours INVENTORY CLEARANCE At Greatly Reduced Prices 1x10 CEDAR CHANNEL SIDING Rough or smooth finish Reg Price 32C lin. ft. CLEARANCE SALE Ideal for GARAGES COTTAGES and FENCES These one-time prices are effective only until August 3. While Stock 1x6 CEDAR BOARDS Reg. i SALE I I lin. ft. 1x8 Rag. 23' lin. ft. SALE lin. ft. CRESTLINE BUILDERS MARKET LTD. at 123-30 St. N Phone 327-5444 327-5110 327-5931 ;