Lethbridge Herald, The (Newspaper) - June 1, 1973, Lethbridge, Alberta
Gold stocks up; others on decline TORONTO (CP) Prices on the Toronto stock market were generally lower although golds rose sharply in moderate mid- morning trading today. The gold index rose 5.51 to 307.26 and base metals .24 to 95.03. The industrial index, con- sidered the major indicator of market trend, fell .47 to 205.47 and western oils 1.94 to 208.V3. Volume by 11 a.m. was 000 shares compared with 000 at the same time Thursday. Declines outnumbered ad- vances 137 to 78 with 145 issues unchanged. All industrial sub-groups, ex- cept oil refining and paper and forest, declined, with commu- nication, construction and mate- rial, real estate and chemical stocks recording the largest losses. Andres Wines fell 1% to Peoples Department Stores Vz to Algoma Central H to Du Pont ta and United Corps. B "s to Leigh Instruments rose to Bank of Nova Scotia to Imperial Oil VB to and Bell Canada to Sigma Mines rose to Dome Mints -'i to and Kerr Addison to Matta- gami fell 12 to S32 and Little Long Lac I'O to S2.60. Siebens lost to Sll and Asa- 30 cents to Numac was up to MONTREAL (CP) Prices mixed in light trading on the Montreal stock market to- dav. 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 fell -83 to 254.41, pa- pers .27 to 112.75 and utilities 10 to 148.77 while industrials advanced .15 to 221.83 and the composite .01' to 211.18. On the Montreal Stock Ex- change, Dome was off to Aquitaine to and TransCanada PipeLines to while Imperial Oil was up to On the Canadian Stock Ex- change, Caliper was up three cents to 31 cents on shares. NEW YORK (AP) The stock market moved lower to- day in slow trading as heavy selling of the dollar continued and investors worried about in- flation, pressure on interest rates, and the rising orice 01 gold. The noon Dow Jones average of 30 industrials was down 6.54 at 8M.87. Declining issues On the New York Stock Exchange outnumbered advances 828 to 292. Among Canadian issues listed on the New York market, Alcan dropped 's to- Canadian Pacific Vs to Inco to and Walkers Vz to Massey-Ferguson was up rs to and Dome Mines Wt to I Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by McCoaig Limited) LAST MID OR SALE Grain Prices (11 :N OuotM) WISTEMH OILS ANP MINKS Albany Oils Alts East Alminex Atamera AsNind BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homcstd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chieftan Dome Ptte Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Min Noble Mines North Cdn Oils Numac PancdT Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibsns Saconer Total Pete Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitsine B.C. Sugar Pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crfestfcrook Ind Ind (11 :W a.m. QuotfSJ 7.K 3.10 .22 43.75 4.00 9.75 29.50 7.80 .30 2.72 8.00 27.00 8.10 2.05 1.40 1.10 6.30 13.75 Cygnus A Cygnus B Falct 7.75 Falcon Copper F and M Trust Finstar 8.90 Home A 11.00 Home B 14.87V2 Hud Bay Co 5.20 Hud Bay Oil 3.95 Hud Bay A Pfd Hugh Russell Hutky Oil Husky B Pfd Husky D War HusKy E War Hys of Canada Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd Maijtasonlcs Pacific Pete P W Air Pe-Ben Oilfield Rainier Inc Royal Trust St. Maurice Cap Sandwell Teledyne I3.87r2 West Cdn Seed 12.25 Westfield M'.n Westfield War Weston A Pfd White Yukon western VANCOOViR MINES 4.25 Afton Atlas Explor 39.75 Bath Norst Croyden Bankce Davenport Doliy Varden Equitorlal Lornex Primer Pyramid Silver Standard Valley Copper INDUSTRIALS 12.l2Va Col Brew 3.00 Key Indust 30.00 Wardalr .34 1.17 .22 .60 .38 27.50 16.00 11.00 .41 670 6.M 4 EO 13.00 22.50 15.00 2.75 25.00 29.00 26.50 7.75 29.50 PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta K'at Gas Inland Nat Gas N and C Gas N end C B Pfd Pacific Trans Gaj Gaz Metro A Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Trans Can War WC Trans WC Trans War CALGARY Acrcll Barons Oils North Continental 7.10 '.72 2.03 .44 33 .12 f .74' (.25 2.85 .30 130 1.49 .21 1.00 All Cdn Com 6.93 7.57 All Ca'n Divld 7.41 8.10 All Cdn Vent 3.47 3.79 Amr Gr F 5.21 5.72 AGF Special 251 Cdn in F Col Mutual 5.82 Cmnw Inter 14.69 16.14 Cmnw Lev 3.72 4.W Cmnw Vent 7.U 7.85 Core Invest 4.04 6.65 Corp In St F 4.85 5.34 36.50 19.00 51 00 44.06 20.2S .42.25 6.50 790 S 00 920 Prp Explor 1000 Plains 50 Ponderay Explor 5 12V, stampede Intl Res 335 4.30 550 1.08 .02 62.00 14.50 14.00 70.50 19.75 Winnipeg grain WINNIPEG (CP) The strong advances shown at the open gave way to a mixed per- formance at mid session to- day on the Winnipeg Commod- ity. Flax prices lost virtually all of the early gains, while Van- couver rapeseed was lower in most months. Thunder Bay rapeseed was slightly higher. Oats and barley showed mid- session weakness at about a cent higher, while rye was mixed. Thursday's volume of trade was flax bushels, rye and rapeseed 000. MID-SESSION PRICES: Friday, 1, 1973 THE LlTHBKIDGI HIRALD 2f Taxpayer carries irrigation costs Flax: July 1 lower 5.64; Oct. j water users pay less than a unchanged 5.Z7A; Nov. un- changed 5.13A; Dec. Vz higher 4.83 V2A. Rapeseed Vancouver: June 3% lower 4.14V4B; Sep. Vt low- er 4.19; Nov. 1% lower 4.15B; Jan. 2% higher Rapeseed Thunder Bay: July 1 lower 4.IW2B; Oct. 2 higher Livestock Calgary livestock 4.01A: Nov. 4y4 higher Dec. 5 higher 3.83. Oats: July 1 higher 1.20B; Oct. 1 higher Dec. iVz higher Barlsy: July unchanged 1.89B: Oct. 1 higher l.SO'AA; Dec. 1% higher 1.783iA. Rye: July 1 lower l.SO'.i B; Oct 1% lower Dec. higher third of the cost of operating the St. Mary irrigation project, the Canadian taxpayers the balance. This is stated in the latest report of the auditor-gen- eral, received this week. The psrcentage paid by the water users is even less in the case of the other irrigaton pro- jects federally owned, namely the River project and those in southwest Saskatche- wan. States the report: "Transfer of the "Bcw River and the St. Mary irrigation projects to the province of Alberta is still un- der negotiation. Pending the outcome of the negotiations, the Treasury Board has author- costs reported above." Costs were for Bow River, tor the St. Mary. Revenues were and respectively. The Bow River project has irrigable acres, the St. Mary -n to A.V.. ulc xictsoui v .uvdiu lioa auLiivi.- CALGARY (CP) Grain quotes Thursday basis iked a three-ysar program of v e... 10.37V3 Dreyfus F U.S. 10.82 11.86 075 353 3.53 7.63 8.43 I _. -1.94 13.05 I 4.25 65.00 Ac Mutual Gr F Nat Res 41.75 N v; Cdn 7.20 fj w Gr 17.75 p-ircipal Gr 2-85 Royfund Ternp Gr .IS United Ac Universal aSv .01 Vj Vanguard 5.82 3.41 7.43 5.41 6.K J-g 1% 7.49 S.23 6.21 6.EO to 11 a.m. today from the Cal- gary public stockyards show sales of head, mostly re- placement cattle. Trade was, and active. were ins u f f i c lent i steers and heifers on offer to establish quotations. Cows and bulls sold steady. Cows Dl and 2 34.50 to 36, D3 j 32.50 to 34.50, D4 29 to 32. Good I bulls 38 to 41. Replacement cattle w e r e i 6.20 6.40 3.75 8.17 5.95 High Flax May 581 Jly Oct Nov 520 Low Close 565 555 523 513 Rapeseed Vancouver Jun 418 Sep Nov Jan 407 390 565 527 513 418 416% 407 urgently needed rehabilitation work for major structures in the Bow River project. A con- tract in the amount of j has bean authorized for the re- habilitation of the Careseland j Dam, with expenditure of 000 being recorded during the j year but not included in t h e Hog prices EDM9NTON age prices to (CP) 11 a.m. Aver- today provided by the Alberta Hog Producers Marketing Board. Edmonton: 43.30 average Thursday 43.50. Calgary: 43.65 average Thursday 43.40. Fort Macleod: No sales. Av- erage Thursday 43.75. Lethbridge: No sales: aver- age Thursday 43.42. Total hogs sold to 1 a.m. 782. Total hogs sold Thursday average 43.48. Sows average 34.35. Toronto mines, industrials (SnppBed By Ricbwrtfson Securities of LAST BID OR SALE MIdrim Intern Moqul Nu West Homes New Athena Mew Calumet W. Horse Copper Noranda Northgatt i.m. auom) Mjrlex .29 Osisko (11 90 k.m. auttMl .12 1 20 Placer Dev. i 29 P.C. Exp. 2.15 Quebec Man 45 Rayrock 13.50 Rsdiore 4 CO Rio Algcro 6.05 Roman Corp. 1.70 Sherrltt Gordon Steep Rock 1.12 Tek Corp. Texmcr.t Upper Canada Western Mines Wright Willroy Windfall 1 36 6.20 3.45 .23 1.37 4.05 30.00 .06 .38 98.00 36 1.15 X 30 7 iS 66.75 26.75 295 11 2425 6.80 14 75 1 52 3EO 24 2.90 2 Hora.-eaves 1.31 1 10 .14 Yellowknife Bear S 40 Zenmac INDUSTRIALS Grt Cdn Ol Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp Oil Jrrasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentide Kelly Doug A Loeb 8.05 67.00 21.25 37 18.75 4.35 28.12VJ 50.50 36.B7V3 27.75 9 37V2 mostly yearling steers weigh- j May 441 ing 600 to 750 pounds and year- jjv 4111 ling heifers 600 to 700 pounds, j Oct 399 Prices were steady. Stock calv-; Nov es were scarce in the 400 Oafs pound and up range and sold i May 120 steady. I Good feeder steers 600 to 730 pounds 47 to 51, more than 750 pounds 44 to 48 with sales to 48.90. Good feeder heifers 600 I pounds and up 40 to 44 with Jly sales to 45.80. Good stock and Oct steer calves more than 400' Dec pounds 47 to 54. Good stock Rye heifer calves more than 400 j May pounds 44 to 47.50. Hogs 43.65. Rapeseed Thunder Bay Oct Dec 118 Barley May 401 396 384 118 116H 116 Oct Dec 180 7 17834 1S2 1S7 185 179 381 173 428 399 387 120 119 118 189 1S9 179ii 17714 179 184' .17' 2 Loblaw A Met Stores Abitibi Aican Algoma Steel Atco Ind Atlantic Sugar Agra Ird Bell Tel Brazil Trac .36 B.C. Tel S.CS Burns 2 15 B.C. Forest 3.00 B.C. Sugar 43.00 Bow Val Ind CAE Ind .29 Cdn Brew 3.75 Chemcell 2 02 Ccl Cell 22 Calcary Power 11.00 C.W.N. Gas Pfd 23 Cdi Ind 41 .JO Cdn Marconi 3 45 Cdn Vickers .08 Chrysler 1.01 C.P.R. 1.20 cominco .50 Cons Bath 51 12''i Cons Gas .12Va Dist Seagrams .13 Dom Bridge 11.37'A Domtar 8 87'3 Dom Textile .16 Ocm Stores .29 Dome Pete 2.SO Dofasco 48.00 Cable 5.40 9.75 Massey Ferg McMillan Bloe Moore Corp 11.00 Molsans A 6.75 'Aclssns B 9.75 Nachurs North Cent 10 25 Power Corp 52.00 Price Co I737''j Rothmans St. Law Corp 2000 Shell CDA 27.50 Simpson's 9.50 Simp Sears 4 35 Steel of Cda 4.10 Selkirk A 3 45 Texaco l.EO Traders Grp A 11 00 Trans Mtn Pp 14.87''a Trsns Cda Pp 3.E5 Union Gas 11.50 Union Oil United Siscoe Versatile Mia 27.50 Westeel 20.00 Union Carb 15.25 Weston's B 37.2S Woodward's A 33 25 West Cdn Seed 19.50 Zenith Elec 7.75 BANKS 13.75 Cdn Imp 29 00 Montreal 25.75 Nova Scotia 14 25 Royal 10 00 Tor-Dom 7 62', 2 11.75 7.CO 5.CO 6.JO 21 00 19.50 2850 Dollar value i MONTREAL (CP) U.S dollar in terms of Canadian Gold futures 25.37V3 25.50 10.75 'z 11 75 1925 17.12V2 13.50 29.50 U 62'A 59.00 "1.00 "00 "050 1325 SCO 6.37Vi 13.62V4 16.00 20.50 WINNIPEG funds at noon today was down 1- futures. U.S. 50 at 29-50. Pound sterling up 17-25 at 7-20. In New York, the Canadian i dollar was up 1-50 at 21-50. Pound sterling up 3i at 9- 20. (CP) Gold funds, Winnipeg Commodity Exchange close Thursday. Jly 73 117.50: Oct 73 121.00B: Jan'74 124.00B: Apr 127.70B: Jly 74 131.00B. Wednesday's volume: 60 con- I tracts. NATIONAL COURTESY CARD' LEASING The motor vehicle described on tin DICK o< tms identifi- cation Card been leased from t Ford Authorized Leasing System ot Canada Lessor (named It would be appieciated if every courtesy Including prompt tni quai'ty service and any appropriate fleet discounts on parti be extended to tne operator of tnis venicte. National Identification Cord Predictable Costs Can Include FREE'S investment usually less than Adaptable to private individual as well as business Current model prestige Easy way to get second car Contact our leasing dept. for the one best rotn superior motors Division of SUPERIOR MOTORS TABER LTD. LEASING Phone 223-3537 6.00 265 29 SO 3200 33.50 New York stocks By Richardion of Canada) Amr T and Anaconda Beth Steel Chrysler Carnsat Dupont ?7.75 20 Golds up 4 93 10 Base up .23 21.25 15 W Oils 209.47 off 1 K 34 50 Volume 17.87V2NEW YORK AVERAGES _____, _____..... 30 Indust WS.77 off 5 W 64 Westinqhouse Elic 33.B7V2 20 Rails 161.71 off 1.39 2275 U.S. Steel 30.37VZ ,5 utilities 106.59 off 09 50.75 Sears 17.50 X-Ron 28.87Vi Texas Gulf 27.12Vj Texas Co 4B.25 Wickes Corp Woalworth Gulf Int Harvester Copper Alontgomery Ward 20 Indusf 235.74 off .''O Volume 5.200.000 I Seaboard Life Insurance Company Progress Report for the Year ending December 1972 has been a record year for Seaboard in every respect, and of particular note is that this has been our most profitable year to date. Seaboard commenced business in is now in six provinces: British Columbia, Alberta, Saskatchewan, Ontario, New Brunswick and the Yukon Territory. Business in force Revenue Policy reserves Assets Payments to policyholders Increase 2.3 27 A 19.4 19.4 increase over 1971 To obtain a copy of the 1972 Annual Report, please write to: The Secretary Seaboard life Insurance Company 1920 West Broadway Vancouver. BC Bank increases lending rate TORONTO (CP) The Cana- dian Imperial Bank of Com- merce has cited loan demand and higher interest rates out- side Canada and followed two other chartered banks in raising j its prime lending rate to IVt per cent from, seven. The prime rate is the one charged the bank's roost credit-, worthy customers and generally precedes other changes in the interest-rate structure. Toronto Dominion Bank raised its prime rate Thursday j and the Bank of Montreal; moved its prime rate a week i ago. Canadian Imperial also in- creased the interest rate paid on non-chequable savings ac- counts to 51A per cent from five. Beef futures WINNIPEG (CP) Live baef futures close Thursday. Jly _ 46.75A; Sep 45.50: Nov 45.00: Jan 44.00B. Wednesday's volume: 18 con- tracts. 327 2111 I IS THE NUMBER OF THE STUDENT MANPOWER CENTRE WHERE STUDENTS SHOULD REGISTER FOR EMPLOYMENT AND EMPLOYERS CAN HIRE STUDENTS. IT'S EASY) JUST CALL 327-2111 SYNCRUDE AND ALBERTANS Let's develop the Alberta Tar Sands together! Albertans and Sync-rude Canada Ltd. both have a stake in the proposed Syncrude largest and most sophisticated proposal to attempt commercial production of oil from the Tar Sands. If the Project goes ahead and is successful, Syncrude hopes to realize a return on an investment of over million by helping to meet Canada's need for available, proven oil reserves. Albertans have a large stake in the Project, as well. If Syncrude can demonstrate that large- scale oil production from the Tar Sands can be a commercial success, the huge potential of the Tar Sands will come a step closer to reality. The Syncrude Project will create 2.400 construction jobs in Alberta and add additional permanent jobs to the Alberta economy once the plant is in operation. That's a permanent new payroll of over million a year. Syncrude's people are virtually all Cana- dians. As Canadians, we want our Project to make positive contribution to life in Alberta. We think our Project can benefit everyone the investors who must take the risks, and the Albertans who own the resources we propose to develop. Syncrude will give preference to Alberta- made goods and equipment, provided they're competitive. More than 50% of the engineering on our Project has been done right here in Alberta bv Canadians. That's a larger Alberta engineering com- ponent than in any previous major indus- trial project built in this province. Albertans will share fully in the benefits of the Project the jobs it creates, the taxes and royalties it pays, the investment potential it offers. We think we have a story to tell. If you would like to hear the rest of it, just write us at: SYNCRUDE CANADA LTD. 807 Baker Centre, Edmonton, Alberta.