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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 5, 1972, Lethbridge, Alberta Monday, Juni 5, 1972 THt VtTHMIDet HWAID Stronger trend continues today Toronto mines, industrials Supplied Bv Richardson Sccmilips ol Canada) LAST nil) OH SALE TORONTO (CP) Prices on the Toronto stock market edged higher in moderate mid-morn- ing trading today. All major sectors, except western oils, made small advances. The industrial index was up .03 to 20j.66, golds .86 to 213.73 and base metals .38 to 9r.29. Western oik dipped .38 to 224.86. Volume toy 11 a.m. was average was off 1.2 at 332.1. In- dustrials were off rails were off and utilities were off .2. Among Canadian stocks, Granby Mining was ahead Vi at Dome Mines dropped Vi to and Walker Gooderham was off Vt al On the American Stock Ex- change, Preston was ahead at SHHi and Scurry Rainbow 111-00 A m. Out Acme Advocate Asb. AKallcho Bralorne Eroulan Brunswick CaJiiar Central Pa'. Chlmo Conwcsl Cons. Rambler Corn Lake Cochonour Cratgrnont Dlckenson Mines Oenlson Miner, D'Eldona Dome 111 '.fo a.m. Pine Pclnl Placer Dev. Quebec Wan Ouoteil 30 iO (11 '-00 shares, compared with shares traded at tlie same time Friday. Of the 406 issues traded. 122 advanced, 104 declined and 130 remained unchanged. Leading Ihe market rise were merchandising, general manu- facturing, trust and loan, utility and pipelines issues while bank and paper and forest stocks moved lower. MurrilL Pholfax was up 75 cents to LaidSaw V-> to Rank V2 to Electro- home ty to Alberta Gas Trunk 3s'lo and Tara l to Rio Algoma gained to Preston Mines to Kerr Addison Vi to Falconbridgo Copper 1 to Yellowknite Bear 10 cents to Nortii- land Oils 4 cents to and Pan Ocean Oil to Cominco dropped to Gulf Oil Canada VJ to Denison to Bankeno 10 cents to Canadian Supe- rior 3a to Western De- colta 20 cents to and Pcyto Otis 4 cents to Stocks noon MONTREAL (CP1 Prices started the week with a positive foot forward in light trading on the Montreal stock market today. Banks was the only sector to lag behind the advance, drop ping ,28 to 256.26. Industrials were up .87 to 218.85, utilities .2 10 composite .01 tr 211.87 and papers .35 to 88.04. Combined volume on tin Montreal and Canadian sloe! exchanges was shares a 11 a.m. compared with at the same time Friday. On the Montreal exchange Thomson Newspapers gained i to Rapid Data 2% to Adres Wines to Peoples Department Stores 1 to Rio Algom to South am Newspapers to TransCanada Pipelines to Canadian Vickers Vz to and Imperial Oil Vz to Gulf OJ1 Canada lost to Acres Ltd. Vz to Walker Gooderham Vi to International U t i 1 i t i e s Vz to Simpson's Ltd. to and Dominion Textile to BIG LOSERS NEW YORK (AP) Airlines and glamor issues were among the big losers as the stock mar- ket declined on a fairly broad front today. Trading was slow. The noon Dow Jones average of M industrials was off 6.32 a 955.07. Declines on the Nev York Stock Exchange led ad vances by nearly 2 to 1. Analysts attributed the weak ness in airlines stocks to disap pointing May traffic figures, The most-active NYSE issue was American Airlines, off at Prices of glamor stocks in eluded Control Data off and IBM off at Other losers included oils, to ha c cos, drugs, steels, elec Ironies, and chemicals, Buildin materials were higher. All othe groups were mixed. The Associated Press 60-sloc dropped Vi to u. Iraq to market its own oil V53 voo 7.05 B.75 i.eo 31.35 73.53' Discovery Mines Eas1 East Sullivan Falconbrldge Probex First MftriMmes Giant Y.K. Bovis 1.75 Granduc Headway R.L. .OJ HolHnger Hudson Bay Hydra Ex. Iron Bay 2-6D Iso ISO Jollet Quebec .17 Kerr Addiscn Key An aeon Labrador Lake Shore Madsen R.L. Silver Miller Steep Reck Tck Corp. Texmont Upper Canada Weslcrn Mine: Wrlghl VJIIIroy WJndlaU Yellowkfiife Bear Zcnmac IKD'JSTRIALS Abiilbi 2. 30 3.51 1-20 1.3! Cable Fcrd of Am fir! Cdn OH Gen Motor Grt Lakes Pr> Gulf Oil Cdn 1nd Accept Lauranllde Kelly Ocug ID-CO M.W 4.10 72.'0 17.00 30.25 17.37VJ 13.00 7.12'A B.EO Agra ind .33 Colaarv Power U. 61' Martin McNsely f.'.era Midrim Intern Mogul Nu West Hcmts New Calumet Noranda Norlex Ccr.s Baih Ccns Dist Sedarms Qflm Bridge .23 Ocmlar 3fl. ?5 Dom TcxtHe (.05 Dom Stores Dome Pete .25V'j 1! 23 Wcsle 20.62V3 Union Trade Manufacturers smile deficit as "72 economy swings j 101st annual meeting of the Ca- narJian Maimfaclurers' Associa- OTTAWA (CP) Canada lion opens today on an oplimis- EOMONTOX (CP) The to the province but more efforts As an employer, Mr. Fiiion West Cdn Seed BANKS Can Imp Mcntreal Neva Scolia Royal j Tor-Doni 26.75 2.85 35.75 33.00 30.17', 't BEIRUT (Reuler) Iraq has nnounced it will market its wn oil from the northern oil despite possible legal oc- ion by tbe nationalized Iraq Pe- roleun. Co. aganist those who .my such oil. The northern fields were held under concession by the West- IPC, which was na- ionalized by Iraq on'Thursday. PC sources in London have that the company might ake.legsl action against those ivlio bought oil from its conces- sions in Iraq. The Iraq National Oil Co. will market the production of the northern fields, an official an- nouncement in Baghdad said Sunday. The decision, followed a re- port from Baghdad Saturday that tlie Iraqi government was offering the nationalized crude oil at "realistic and competitive prices." Sunday's development w a s seen by observers as a sign of the Iraqis' determination to en- sure the success of their nation- alization venture. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doberty, McCuaig Limited) LAST BID OR SALE a.m. Oucfei) Quotes) WESTERN OILS inex S.1 East Ga a.m. Quotes) >egan the second quarter of this year with an April merchandise trade deficit of million, ac- cording to figures released nere. Statistics Canada reported :hat April imporls were oillion, compared with bil- lion a year earlier. Last week the government agency released figures showing April exports at billion, up from bil- lion a year earlier. If the April deficit continues through May and June, Canada will have "its first quarterly trade deficit since ihe lion deficit in the second quarter of 19GG. Figures for the first quarter of this year showed a surolu1; of million. Rapidly-rising im- ports and lagging -.uve been steadily reducing Cana- dian trade surpluses since the peak of million in the last quarter of 1970. Canadian exports lo the U.S. have increa sed a nd Canad a maintains a surplus in merchan- dise trade with that country, but exports to other countries are running below last year's levels. in this direction have still to said, he regretted the split in be talien. Aln Alt. As a me Ashl.ind BP Oil Gai Can Soulh Cdn Ex Gas Cdn Homeitd Cdn Ind Gas Oil Cdn Super Cdn Long Charter Chidfan Dome Gt Pfains Gt Cdn Oil ixriiel Norm Cdn Oil Jumac 'an Ocean Mace Gas tanger "icurcy Rain 7.10 lE.iO 11.25 7.CO 3.30 7.70 9.25 X2.12VJ -iO X.50 Livestock Calgary Ifveslock CALGARY (CP) Receipts n the Calgary livestock mar et lo 11 a.m. were head .ainly slaughter cattle with al lasses represented. Trade wa: ctive. SlEUghler classes traded a Leady prices, condition am uality considered. Good to choice steers 3 o 37.70f medium 32.50 to 3( Good to low choice heifers 34 t 4.50, medium 33 lo 34. Goo cows 28 to 29, medium 25.50 canners and cutters 20 25.50. Few heavy feeder steers 37 to 38.60. Hogs a verag e b ase price l.Si 5.35 16.75 Hugh Husky Oil 1 Husfcy Oil War Inter Prov Pips 1 InJer Prov 51eel 1 K a flier Res A'.GF linage Pacific Pefe Rainier Teledyne West Cdr> Seed V.'hiia Yukcn V.'es Hi eld CALOARY Atroll Barons Oil Madiscn Norlh i Invest Mutual Mutual Ac Mutual Gr F Nat Res N W Fin U W Gr Principal Gr Temp Gr 1 United Ac Universal Vanguard 3 Cmnw Vent VANCOUVER MINES Afron Barn Merit 2 Brentia Brvcon Churchill Copper Croyden Davenport 5.S7 i.tt 5.90 6.4S 5.86 6.JJ 7.SI 5.35 5.E5 6.77 SM 6-74 7.01 730 7.67 557 6.11 8.12 8.91 10, JO 11-J1 7.60 B.57 .i6 Seitwns Total Ulster Wes1 DecaUi West Pete MISCELLANEOUS INDUSTRIES Aquataine Brintrti Con Brew A PaciSic Inv Cygnus A Cygnus B falcon Copp" Genstar Home A Home 8 Hud Bay Co Hud Bay Oil Hud Bay Oil Pfd 9.60 5.90 1.3A i ;D 9.50 6.15 3900 Dolly Varden Dynasty Equltorial Fwr Reliance Giant Mascot Grantsle Lornex Primer Pyramid Silver Standard Texrnont West Warner PIPE LIHE STOCKS Davenport 1.30 AHa Gas A 58.15V 1.16 Alta Nat Gas Inland Nat Gas 16.03 -SA N and C Gas .6n w and C B Pld 34.E7'." 17.WV3 Pacific Trans 15JO Gaz Metro 5-25 .as Trans Cda Pipe iS.OQ Trdns Cda B 4l.K> Trans A S3.DO Trans Cda War H.OQ Trans WC trans Wts '.35 valley Copper 10-25 MUTUAL FUNDS WC Res .05 All Cdn Com 6-58 9.3J INDUSTRIALS All Cdn Dlvid 10-33 Block Bros 3.45 All Cdn Veflt 4-69 B.C. Sugar 20.00 Amr Gr F 7.04 7.7S BX- Supar Prd 17-50 36.00 AGF Special 3.S9 Cap) Inter _ 5.50 5 Cdn Invest F 5.D9 5.59 Creslbfoolc F livJ 3.S9 J.WVa Col Mutual 7.6fi Hys 3.35 13.25 Cmnw Inlfir TJ.65 16-1Q Inlericir 3-50 1535 Cmnw Lev 3.96 4.56 Key Indus! .45 31 an-i Coca Invest 6-32 6.80 Pacific W Air 21.50 Corp In Sr f 536 5.B6 Stampede lull Res l-Ql Dreyfus F U.S. 13-63 K5? OILS In Shares 4.10 J.51 Albany Oil -41 Equity 7.5B 8-68 Plains .21