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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 14, 1973, Lethbridge, Alberta inureaar, ins HCKALW Stock prices dip in light trading TORONTO (CP) Prices on the Toronto stock market moved fractionally lower in light mid-morning trading to- day. The industrial index, consid ered the major indicator of market trend, fell .17 to 212.36 and base metals .04 to 100.09. Golds rose 4.57 to 292.06 and western oils .02 to 220.95. Volume by 11 a.m. was 000 shares compared with 000 at the same time Wednes- day. Declines outnumbered ad- vances, 116 to.73, with 151 is- sues unchanged. Construction and material, pa- per and forest, communication and bank stocks were among sectors of the market to decline while oil refining, general man- ufacturing, pipeline arid indus- trial mining issues were higher. Consumers Distributing fell to Marborough Properties to SllVi, Texasgulf to Dofasco to and Canada Cement to Crown Life rose to and Moore to Rio Algom slipped to Placer to and Sherritt Gordon Va to Agnico- Eagle gained 20 cents to Camflo 20 cents to and Kerr Addison (o Ranger climbed to and Pan Ocean y4 to Can- ada Northwest was down 25 cents to and Alminex 25 cents to Industrials dropped 1.11 to 231.59, banks .92 to 256.20, the composite .83 to 218.82 and pa- pers .35 to 118.39 while utilities advanced .15 to 151.88. On the Montreal Stock Ex- change, Hudson's Bay Oil rose to Laidlaw Motorways 1V4 to and Crown Cork to while Maritime Elec- tric dropped 1 to and Placer Development 1 to On the Canadian Stock Ex- change; Dumont Nickel was up seven cents to 40 cents on shares. NEW YORK (AP) The stock market moved ahead to- day in moderately active trad- ing on tha heels of President Nixon's economic address to the nation. The market went through a selloff in early trading. Tht noon Dow Jones average of 30 industrials was up i'.SO at 916.99. In the seiloff, the blue- chip indicator skidded nearly 7 points. Declining' issues on the New York Stock Exchange held a slight edge over advancing is- sues, 618 to 515. Among Canadian issues listed on the New York Stock Ex- change, Mclntyre was up 1 to ?55% and Walkers Vs to Alcan dropped to Dome Mines to and Massey-Ferguson to MONTREAL (CP) An sec- tors except utilities declined in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, down from shares at the same time Wednesday. GM quietly adds option charges OSHAWA, Ont. (CP) Gen- eral Motors of Canada Ltd. has quietly changed a range of op- tions to standard equipment, which means price increases for the five per cent of buyers GM estimates would not have bought the options. The added option charges, ranging from to went into effect June 1. The changes affect all Cadillac models, near- ly all Buicks_and some Olds- jiiobiles and Pontiacs. Chevro- let models were not affected. The changes went into effect In Canada at the same time as a series of options were made standard in the United States. GM said, when asked, that there were no public announce- ments at the time. In Ottawa, Trade Minister Alastair Gillespie said he is aware of the situation and is satisfied they do not violate an undertaking he obtained from auto manufacturers in Decem- ber. Mr. Gillespie said he accept- ed GM's argument that 95 per cent of car buyers had been taking the options and that there was a small price saving in making equipment pack- ages standard. Hikes rate TORONTO (CP) Canadian Imperial Bank of Commerce announced today an increase in the interest rate for non-che- quable savings accounts, thus lining up with the rate an- nounced earlier by other char- tered banks. The new rate scheduled to go into effect July 1 is 5% per cent, and the current rate is 5Vi per cent. Royal Bank, Toronto Dominion Bank and Mercantile Bank have already announced their rates will go to 5% effec- tive July l. The change in savings ac- count rates is part of a series of increases in rates for loans and savings accounts announced during the past week by char- tered banks. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. today pro- vided by the Alberta Hog pro- ducers Marketing Board. Edmonton: 44.20 average Wednesday 45.10. Calgary: 44.25 average Wed- nesday 44.96. Lethbridge: No sales average Wednesday 44.60. Fort Macleod: No sales. Av- erage Wednesday 44.90. Total hogs sold to 11 a.m. 364. Total hogs sold Wednes- day 4.855, average 44.96. Sows average 34.50. WANTED! INDUSTRIAL PROPERTY LEASE BACK Large, responsible Western Canada Company would like to lease a warehouse and office building of approximately square feet in Lethbridge area. Would be prepared to tign long term lease. New cost of land and building: es- timated to be in to range. Who would like to own this type of property and lease it back to us? Apply To BOX 125, LETHBRIDGE HERALD IEWMENI ION 1IMIIED builders and developers specializing in joint ventures Suite 2910 -One Calgary Place Calgary, Alberta Tel: Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) LAST BID OR SALE (11 l.m. Quoits) (11 l.m. ill a.m. Quotes) WESTERN OILS AND MINES Albany Oils Alta East Gas Alminex Asamtra) Ashland BP Can Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chleftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plain: Gt Cdn Oil S Lochiel Lvtton Win Noble Mines North Cdn Oils Numae Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rain Seibens Total Pele Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Sugar Pfd Block Bros. Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Ind Crowsnest Ind Cygnus A 7.75 Cygnus B 7.75 Falcon Cooper 13.00 F and M Trust 4.50 Genstar 16.25 Home A 41.62W Home B 38.50 15.62V2 Hud Bay Co 18.87V'a 5.60 Hud Bay Oil 43.25 3.95 Hud Bay A 42.50 3.35 Hugh Russell r> to 6.70 Husky 21.75 Husky Oil B 42.75 .20 Husky D War 7.50 Husky E War 8.50 Hys of Canada 4.60 Inler Prov Pipe 9.75 Inter Prov Steel 13.00 Kaiser Res 2.95 Loblaw C Pfd 30.00 Magnasonics 10.25 Pacific Pete 27.'-.-) P W Air 1000 8.65 Pe-Ben Oilfield 6.50 2 05 Rainier Inc Royal Trust 24.50 St. Maurice Cap .90 Sandwell 3.65 Teledyne 4.10 West Cdn Seed 5.50 Westfield Min 1.13 Weston A Pfd 61.03 White Yukon 14.25 PIPE LINE STOCKS Alta Gas A 13.75 Alta Gas Pfd Alta Nat GBS 1950 inland Nar Gas 10.25 N and C Gas 10.00 N and C B Pfd 21 25 Pacific Trans 17.00 Gaz Metro 4.50 Gaz Metro A 64.50 Trans Can Pipe 33.50 Tr Can A Pfd 6500 Tr Can B Pfd 40.25 Tr Can War 6 75 WC Trans 17.00 'f WC Trans War 2.75 CALGARY 30.25 Acroll .48 26.75 Barons Oil .04 7.50 North Conr West Warner .37 1.29 e.oo 7.00 9.40 11.00 47.50 4.00 11.25 32.75 .28 3.05 8.00 1.51 1.05 7.CO 15.50 13.50 14.25 1.20 .22 .60 .39 32.75 16.75 11.75 .49 7.25 1.02 6.00 5.05 VANCOUVER MINES Afton Atlas Explor Bath Norseminei Croyden Dankoe Davenport Dolly Varden Equitorial Lornex Primer Pyramid Silver Stan Valley Cooper INDUSTRIALS 1.00 .54 .78 .05 1.73 .to .32 .18 .16 .14 .80 9.50 1400 Col Brew 2.75 Key Indust .25 Wardalr 2.25 OILS PRP Explor 1.33 Plains Pete .21 Pond Explcr 1.03 Stam infl Res 1.38 MUTUAL FUNDS All Cdn Com 7.20 7.S7 All Cdn Divi 7.70 8.42 All Cdn Vent 3.57 3.90 Amer Gr Fd 5.35 5.88 AGF Spec 2.60 Cdn In Fd 5.05 5.54 Coll Mutual 5.55 6.10 Comm Inter 14.99 16.X7 Comm Lever 3.80 4.18 Comm Vent 7.1S 7.M Corp Invest 6.12 6.72 Corp Inv St Fd 4.97 5.45 Drey Fd U.S. 11.17 12.24 Gr Pacific 4.54 4.99 Gr In Shares 3.64 4.00 Gr Equity 7.74 8.50 Inv Gr Fd 12.22 13.36 Inv Mutual 5.78 6.32 Mut Accum 5.93 6.52 Mut Gr Fd 3.52 3.88 Nat Res 7.72 8.48 NW Cdn 5.50 6.04 NW Growth 4.65 5.33 Prin Gr 4.33 4 75 Royfund 6.58 6.85 Temp Gr 8.61 9.41 Un Accum 5.08 5.58 Univ Savings 7.59 U4 Unlvest 5.86 644 Vanguard 6.22 6.82 Toronto mines, industrials (Supplied By Ricbwdson Securities of Canadi) First plyivood basement LAST BID OR SALE Pushing another section into place, workmen as- semble the city's first plywood basement in a Nu-Mode home going up at the Parade of Homes site in northeast Lethbridge. Builder Walter Stewart says the cost of c plywood basement is about the same as that of a con- ventional concrete basement because of the high price of lumber and preservative. The main advantage is ease and speed pf assemblage, particularly in the winter. And interior finishing of a plywood basement is also much simpler. Eleven local builders are participating in Parade of Homes this year which will be open in August in a crescent known as Primrose Place at 18th Ave. and 23rd St. N. (11 a.m. Quotes) (11 a.m. Quotes) (11 a.m. Quotes) MINES Acme Advocate Asb. Akaltcho Aldona Bralorne Broulan Bethlehem Bovis Brunswick Can. N.W. Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Ramblr- Coin Lake Cochenour Craigmonf Dickenson Mines Denison Mines Deer Horn D'Eldcna Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobax First MarltTmes Giant Y.K. Granduc Holhnger Hudson Bay M-S Hydra Ex. Iron Bay Iso Johef Quebec Keen Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic 6.F. Martin McNeely Maclntyre Mela Midnm Intern Mogul Nu West Homes New Athens New Calumet Noranda Northgate Norlex 1.20 1.16 .38 2.10 .40 2.20 .4.50 6.40 1.61 10 SO 1.15 1.31 625 3.45 .21 1.22 65 4.00 30.25 .07 .a 94.50 1.21 3.65 2.65 7200 .23 43 760 3.45 4450 23.50 32 3.70 2.05 23 12.03 .30 42.50 3.05 .06 1.22 1.10 .41 5200 .11 .15 12.50 Osisko Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherritt Steep Rock Tek Corp. Texmont Upper Canada Western Mines W. House Cop .23 Dofasco 30.62Vi cable 29.00 Grt Cdn Oil 2.80 Gen Motors .13 Grt Lakes Pp 1.30 Gulf Oil Cda .30 Greyhound 27.00 Hawker Sid 7.30 Hur f, Erie 16.37V2 Hiram Walker 1.53 Imp Oil 430 Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Lsurenfide .23 2.90 3.00 300 Wright Hargreaves 1.07 Willroy 1 07 Windfall .isvi Kelly Doug A Yellowknife Bear 3.45 Loeb Zenmac Loblaw A INDUSTRIALS Met Stores 50 S.50 .31 Ahlllbi Alcan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Val Ind CAE Ind Cdn Brew Chemcell Col Cell Calgary Power Coron Credit C.W.N. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cornlnco Cons Bath Cons Gas Dist Seagrams Oom Bridge Domtar Dom Textile Dom Stores Dome Pete 1050 Massey Ferg 30.25 McMillan Bloe Moore Corp 11.00 Molsons A Molsons B o.75 North 8, Cent 42 62V2 Nachurs 19 Power Corp 50 75 Price Co. 16.25 Rothmans 16.75 St. Law Corp 20.00 Shell CDA 28.25 Simpson's Simp Sears 4.50 Steel of Cda 4.20 Selkirk A 3 65 Texaco 34 Traders Grp A 1.60 Trans Mtn Pp 1075 Trans Cda Pp 14.75 Union Gas 3.75 United Siscoe 11.00 Versatile Mfg 25.75" Westeel Union Carb Waston's B Woodward's A 16.75 West Cdn Seed 39 00 Zenith Elec 34.50 BANKS Cdn Imp T 75 Montreal Nova Scotia 33.00 Tor-Dom 14.50 8.60 63.00 21.75 34.00 19.25 4.50 27.75 52.50 39.75 30.75 28 75 25.00 2475 17.25 11.75 6.25 4.90 7.00 20.00 30.00 SO 26.75 26.50 10 7.75 11.25 14.371A 11.50 19.75 18.75 9 62Vi 12.50 30.75 14.75 60.50 15.75 20.50 3400 11.50 705 13.75 1525 20.75 2525 5.50 2.50 18.25 32.00 34.50 32.00 New York stocks (Suppueu By RlCuifuiOil Seviuiuci vl Ga Amr T and T S1.62Vj Sears Anaconda 19.09 X-Ron Beth Steel 28.50 Texas Gulf Chrysler 26.00 Texas Co Comsat 44.50 Wicks Dupont 169.00 Wwlworth Gen Motors 67.00 West Elec Gulf 23.00 U.S. Steel Int Harvester 28.00 Gen Tele Elec Kenn Copper 24.75 TORONTO AVERAGES Mont Ward 19.25 20 Ind 212.57 up .04 20 Golds 737.55 up .05 93.25 10 Base Met 100.39 up .26 15 West Oils 221.42 up .49 Volume NEW YORK AVERAGES 30 Ind 913.75 off 1.73 20 Rails 166.93 off .81 15 Util 107.52 off .03 65 Stocks 281.66 off .64 Volume 23.25 36.00 18.75 23.75 Grain Prices Winnipeg grain WINNIPEG (CP) were sharply higher in oilseeds and moderately higher in oth- er grains at mid-session today on the Winnipeg Commodity Exchange. Flax and rapeseed prices were at or near the 20-cent maximum advance. Oats were up more than three cents, while barley ad- vances ranged from 1% to 5Vs. Rye was up 2Vt to ZVa. Wednesday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: July 15% higher 6.63% B; Oct. 18 higher 6.24A: Nov. 20 higher 6.05y2B; Dec. 19 high- er 5.74B. Beef futures WINNIPEG (CP) beef futures close Wednesday. jlv _ 45.75N; Sep 45.60A; Nov'_ 45.35A; Jan 45.10B. Tuesday's volume: No con- tracts. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian at noon today was down 1-25 at 23-25, and ster- ling up 1-5 at In New York, Canadian dollar was up 1-25 at 2-25. Pound sterling up 3-10 at Rapeseed Vancouver: June 20 higher 5.48B; Sept. higher 5.45A: Nov. 19 higher 5.35; Jan. 19 higher 5.29A. Rapeseed Thndr. Bay: June 20 higher 5.40A; Oct. 19% higher Nov. 20 higher S.MVzB; Dec. 20 higher 4.75B. Oats: July 3V4 higher 1.38 Oct. 3% higher 1.36ysB; Dec. 41s higher 1.35B. Barley: July 1V2 higher 2.07A; Oct. 3Ms higher Dec. higher Rye: July ZV-i higher Oct 3Vs higher 1.98A; Dec. 3 higher Grain quotes Wednesday (bas- is High Low Close Flax Jlv 648 636 648 Oct 609 599 606 Nov 585 Dec 555 Rapeseed Vancouver Jun 528 521% 528 Sep 505V2 525% Nov 519 496 516 Jan 510 489% 510 Rapeseed Thunder Bay 522 507 Jly Oct Nov Dec Oats Jly 135 Oct 132% Dec 130% Barley Jly Oct Dec Rye Jly Oct 196V4 Dec 196% 501% 485 131% 131 193 192% 189% 192Y4 520 505 484% 455 135 132% 130% 205% 196V4 193 194 196Y4 Calgary livestock CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards shows sales of head, mostly slaughter cattle lacking qual- ity. Trade was moderately ac- tive. Slaughter steers sold steady with feed lot bulls selling to 46.30. Heifers were in short supply and sold steady with sales to 42.80. Cows sold under pressure priced a full 50 cents lower. Bulls sold steady. Steers Al and 2 44.75 to 45.80, A3 44 to 44.75. Heifers Al and 2 41.75 to 42.50, A3 40.50 to 41.50. Cows Dl and 2 34.75 to 36, D3 33 to 34.50, D4 29 to 32.50. Good bulls 38 to 41. Replacement cattle were mostly shortkeep steers weigh- ing 800 to 950 pounds and sell- ing firm. Replacement females were scarce and sold steady. No stock calves on offer. ]atatron rocessna an a a u st ems 1003 4th Avenue S., Lethbridge Telephone 328-4426 rocessina ervtces DEPMTMENT STORES Division or THt CORRECTION NOTICE! TEXTURED ACETATE and POLYESTER BLEND SHIRT as advertised on Page 15 of the Lethbridge Herald, Wednesday, June 13th SHOULD HAVE READ 8 .77 EACH Gold futures WINNIPEG (CP) Gold fu- tures, U.S. funds, Winnipeg Commodity Exchange: Jly 73 115.25A; Oct 73 118.50; Jan 74 122.00A; Apr 74 125.70A; Jly 74 130.00A. Tuesday's volume: 48 con- tracts. i >ts> ;