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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 15, 1973, Lethbridge, Alberta Gold stocks shake TSE losing trend TORONTO (CP) Gold is- sues on the Toronto stock mar- ket made a strong comeback after three consecutive losing sessions while prices in other major sectors of the market turned lower in active mid- morning trading today. The gold index was up 2.42 to 222.06. The industrial index, a prime Indicator of market di- rection, slipped .44 to 224.78 and base metals .51 to 102.60. West- ern oils gained .29 to 254.23. Among gold issues, Dome Mines was up 1 to Pamour 20 cents to and Camflo 10 cents to Industrial mining, steel, real estate and communication stocks posted broad declines while banking, oil refining and food processing issues moved higher. Declines held a moderate margin over advances, 125 to 108, with 211 issues unchanged. Noranda was down 1 to Inco 1 to Canadian Tire A Vt to Chieftain Vz to Massey-Ferguson 'A to and Alcan to CP Ltd. slipped V4 to Texas Gulf 'A to am United Siscoe to Rapid Data was up 1% to Shell Canada 1 to Moore to Erie Diver- silted ?4 to and Denison to MONTREAL (CP) All sec- ors except banks declined in wavy trading on the Montreal stock market today. Papers dropped .27 to utilities .26 to 159.99, industrials K to 248.36 and the composite .03 to 231.84 while banks gained 1.30 to 266.34. On the Montreal Slock Ex- change, Falconbridge Nicke! dropped i'Vfc. to and People's Stores VA to while Shell Canada gained 1V4 to and Credit Fonder 1 to On the Canadian Stock Ex- change, Probe Mines gained four cents to 39 cents on shares. NEW YOR K (AP) Slock market prices drilled lower to- day amid investor concern over the international monetary situ- ation and inflationary pressures at home. The Dow Jones average of 30 industrials was off 2.56 at 976.29, while declines led ad- vances on the New York Stock Exchange by 5 to 4. Among Canadian issues on the New York exchange, Melntyre Porcupine was down one at International Nickel down at On the Amex, Canadian Javelin was down at Thursday, Maith IS, 1973 THE HHALD 25 Pollution group opposes pipeline expansion request Brewery expansion Tax return tips Work is underway on million expansion of Sicks' durtion barrels of beer a year to more than ed to existing facilities along with a yeast room, yeast wood. Engineering Construction should have the new Lethbridge Brewery which will increase the plant's pro 000 barrels. A two-storey fermenting cellar will be add- propagating room and 15 new stainless steel tanks. Ken- facilities ready by September. ___________ Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig limited) LAST BID OR SALE Ouotesl (ITioO l.rri. Quotes) 7 75 Cdn Invest F 5.78 5.79 7.75 Col Mutual 4.99 5.4S 1400 Cmnw Inter 15.82 17.33 775 Cmrjw Lev 4.12 4.53 8.17 fi.98 9.60 5.30 contributions are a registered retire- For further information, call I the District Taxation Office, If you Uvd in a toll 'area, ask your long-distance operator for ZENITH 0-1000 and your call will be placed without charge. Q, For income tax purposes, has there been an increase in the amount I can now contrib- ute to a registered retirement fund? A. Yes. Where contributions are made to both a registered retirement savings plan and a registered pension plan, the maximum combined contribu- tion fa the lesser of or 20 per cant of earned income. Where made to merit plaa only, tiie maximum contribution Is fhe fcsser of 000 or 20 per cent of earned Income. Q. I understand that only a portion of my union dues is al- lowed as a deduction from my income tax. How do I know what is an allowable deduction? A. Your union should inform you of the amount you can claim for your imion dues by giving you a receipt to file with your income tax return, Q. I am self-employed anc 1 pay info a registered retire- ment savings plan with an in- surance cpjnpony. I have salaried income and under stand that I can claim, for in- come tax purposes, a maxi mum of for my retire- ment savings plan. Is this cor rect? A. If you are not covered by an employee pension plan you would be entitled to clai m amounts paid into a registered retirement savings plan up. to or 20 percent of you earned income for the year whichever is less. Q. This is a personal ques tton, but it is Important t me. I paid in alimony t my former wife last year. Can I claim all of this on my in come tax return? A. There is no dollar limit o the amount of alimony that ca deducted. You may claim full amount paid in the ear as long as the payments re made on a periodic basis or the maintenance of your ex- wife and, or children, and are in accordance with a decree, a order or a written agree- ment, If you and your wife vere reconciled before the end the year you would not be able to claim alimony, but you could claim instead such per- sonal exemptions as might be allowed. Q. My wife and I were mar- ried in September. She was working before marriage but las not worked since. Can I claim the full married exemp- tion of for her? What does she do about filing a re- turn? A. If she received no income after your marriage, you may claim the full married exemp- tion of Otherwise, calcu- late your exemption taking into account only the income she received after marriage. If your wife is taxable or had tax deducted from her salary, she must file her own return. Q. My wife and I were sep- arated last year. What personal exemptions from income tax are allowed in the year of sep- aration? A. If there was no court order or written separation agreement, you would be en- titled to whatever pesonal ex- emptions you could have claim- ed had you continued to live together. However, if there was a court order or written separ- ation agreement, you would be entitled to deduct in that year either the periodic payments made under Hie order or agree- ment, or tlie exemptions you could have claimed if you were not separated, but not both. The exemption you are entitled to claim for support- ing your wife in the year of separation is not affected by any income received by your wife after the separation. a.m. Quotes) WESTERN OILS AND MINES Alta East Gas Almfnex 6.w Asamcra 11.75 Ashland 14.50 Bp- Canada Brenda Wines Can 5ou1h Cdn Ex Gas Ccin Hcmestd Cdn End Gas Oil Cdn Lcng Is Cdn 5uper Charier Chief Ian Dome PeTB Dynasty Fort Reliance Giant' Mascot GranNe Gl Plains Gt Cdn Oil S Lochiel Lytton Noble MJrvrt North Cdn Oil Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger 011 Scurry Rain Selbens Spooner Total Ulster West Pcle W. Decalla MISCELLANEOUS INDUSTRIES Acres Ltd 17.00 Aqullaine BC Sugar Pfd Cygnus A Cygnus B Falcon Copper F and M. Trust Gcnstar Home A 40.2i Home B 39.50 hud Bay Co 23.370 Hud Bay OH 49.25 Hurt Bay A Pfd 8.15 Hugh Russell 9.62TA Husky Oil 21.25 .30 Husky Otl B Pfd 43.75 54.00 Husky D War 7.00 4.00 Husky E War Inter Prov Pipe Great Pacific Gr In Shares Gr Equity 1 invest Gr F Mutual Ac Mulual Gr F Nat Res N W Cdn 3.6S 33.75 fi.7S 2.72 1.70 1.05 A.5S 17.50 15.50 16.50 1.35 I.7S 1D.75 U7J 3.00 principal Gr 30.00 Roy fund 14.00 Temp Gr United Ac 11.00 Universal Sav 5.00 Unlvtst 26.12Vi Vanguard 41.75 Inter Prov Steel 10.37'A Katser Res C PTd Magnasonlcs Pacillc Pete PW Air Rainier Inc Royal Trust st Maurice Cap 1.15 Sandwell 4.40 Teledyne 4.75 West Cdn Seed 6.QO West field Min 1.16 Weslcm A Pld A3.00 White Yufcco H.ffl PIPE LINE STOCKS Alta Gas A Atias Explor J-53 4.3D 8.90 S.76 6.02 6.53 12.9414.15 6.38 7.02 4.06 4.47 6.70 5.77 6.34 5.52 6.07 5.13 5.W 7.13 7.42 9.62 10.51 5.60 6.15 8.33 9.16 6.19 6.B1 7.S3 8.2S CALGARY Acroll Barons Oil North Continental West Warrior Aftoii .70 .61 7.65 1.00 5.50 .58 .80 .05V 1.35 .53 .33 .21 9.50 29.00 AHa Nat Gas 2I.B714 Crovden Inland Nat Gas 12.25 Dankoe N and C Gas Davenport N and C Gas 11.75 Dclly Varclen N C B Pfd 24.25 Equilorlal Res Pacific Trans 13.37'A Lornex Gaz Primer Gaz iVwtro A 49.00 Pyramid" .71 Trans Cda Silver Standard .80 Tr Cda A Pfd 72.00 Vatley Copper 10.75 Tr Cda B Pfd 40.75 INDUSTRIALS 26.62V4 Tr Cda War 9.5Q Capt inter 2.70 15.25 WC Trans 21.75 Columbia Brew 3.M Block Bros 3.15 WC Trans 4.B5 Hys Cdn 6.00 Brinco 4.00 MUTUAL FUNDS .29 Cdn Brew A Pfd 27.37'A All Cdn Com 7.93 OILS Cdn Brew B Pfd 33.00 All .Cdn Dtvld 8.5S Albany Oils Cdn Pacific Inv 30.75 All Ccin Vent 4.31 4.71 Plains Pete .2i Creslbroofc Ind Amr Gr F 4.09 stampede ,70 Crowsnest tnd 26.75 AGF Special 3.12 West Explw Toronto mines, industrials (Supplied B; Richardson Secttrltleg of Canada) JLAST BID OR SALE mi. Quotis) MINES CORRECTION. MIHALIK'S maulair roods ADVERTISEMENT ON PAGE 36 OF WED., MARCH T4th SHOULD HAVE READ ICE CREAM Happy Time Assorted Flavors 3- fid carton Sorry for any inconvenience. Acme Advocate Akaltcho Bralorna Broulan Brunswick Can. N.W. Land Canada Tung. Cassiar Cenlral PaT. Chimo Cons. Rambler Coin Lake Cochenour Cfaigmonl Ditkenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalda (ITiDO a.m. 1B.50 11.75 8.90 73.42' 27.50 35.37! 20.50 Discovery Mines 1.05 East Malarfic Oslsko .22 Cable .16 pine Point 31.75 Gtendate 1.24 Placer Dev, ii.75 Gr! Cdn Oil P.C. Exp. 3.10 Gen Motors 2.60 Qucbflc Man .13 Grt Lakes Pp .34 Rayroch 1-19 Gulf Oil Cda 4.50 Radlore .35 Greyhound Rio Algom 27.00 Hawker Sfd 2.00 Roman Corp. Kur 8. Eric Sherrllt Gordon Hiram Walker 1.32 Sleep Rock I.'96 Imp Oil 1.34 Tek Corp. 1 ma sea Texmonr .w Int Nickel 3.W Upper Canada 2.50 Int Pipe .ISVi Western Mines 2.71 Inv Grp A .69 Vfrfght Harsreavesl.12 Int Ulil (5.80 Willroy 1.10 Ind Accept 3.05 Windfall .03'A Kaps 3-J.75 Yellowknlfe Bear S Laurentlde Zenmac .Cfl Kelly Doug A INDUSTRIALS Abltlbi .34 Sullivan Falconbridge Frobcx First Maritime! Giant Y.K. Bovis Granduc Hollinger 2.20 XiO 73.75 .33 .53 7.15 2.75 3.20 44.00 35.50 50.00 33.121 35.00 57.00 26.42 24.12 18.37 8.67 15.371 7.621 4.95 4.55 21.50 21.17 31.35 53.62 27.75 !8.00 Grain Prices OTTAWA (CP) The Na- ;ional Energy Board was asked Wednesday not to approve an expansion application for Inter- irovincial Pipe Line Co. bo- :ause it would indirectly result in damage to the delicate ecology of the Arctic. The request came from Pollu- tion Probe, a University of To- ronto group which was one of two intervenors at a two-day hearing of the application. The oilier intervenor, the Ontario government, said it is not against the application; it merely wanted more informa- tion. George Hunter, Pollution Probe spokesman and an Ot- tawa law student, told chair- man N. J. Stewart that "envi- ronmental damage is directly related to energy consumption." The company, which operates the longest pipeline in North America together with Lake- head Pipe Line Co. Inc., wholly-owned subsidiary in the U.S., wante permission to ex pand daily capacity by an addi tional barrels. This would be done through a series Winnipeg grain WINNIPEG (CP) Flax ontinued its downward pro- ression on the Winnipeg Com- modity Exchange today and t mid session was down the 0 cent daily limit. Carry- ver selling was in force and lie market was inactive. Hapeseed recovered from harp declines earlier ttiis reek and was two to eight "ents stronger on good export- r interest. Exporters were good buyers n rye which was two to four ents stronger, while oats and iarley were on a stronger pat- .era. Volume of trade Wednesday ncluded bushels ol flax, of rye and of apeseed. MID-SESSION PRICES: Flax: May 10 lower 4.88 July 10 lower 4.68; Oct. 10 7% higher June higher 3.82W; Sep. 7 higher 3.81; Nov. Gte higher 3.61. Rapeseed Thunder Bay: May 8% higher 3.59; July 7% high- er 3.60; Oct. Wt higher Nov. 2 higher Oats: May higher 1.18; July Vi higher 1.12V4; Oct. IVi higher 1.0854; Dec. 2 higher 1.05. Barley: May 2% higher 1.48; July higher Oct. Wt, higher I.SOVi; Dec. higher Nov. 9W lower Rapeseed Vancouver: March ower 4.37. Pollution Probe said that by increasing the flow of western il, Interprovindal would be en- ouraging development of the as Alberta oil reserves lecamo depleted. Tho group said the appll- lation should be rejected or at east deferred until Canada baa i national energy policy. It also aid Alberta, source of most of he oil carried by Inter- provincial, has not established a development policy for the vast Athabasca oil sands at Fort McMurray. Interprovincial president Da- vid G. Walton of Toronto said us company, which handles oil and other liquid hydrocarbons "or numerous companies, will Jrotect Ontario consumers even if it means short-changing those in the U.S. "We will do our utmost to keep the Ontario market full at the expense of the U.S. mar- ket." Hog prices Rye: May 25> higher July 2V4 higher Oct. 3 higher Dec. t higher 1.4154. Beef futures WINNIPEG (CP) Live beef futures close Wednesday Mar 41.70B; May 43.80- B; Jly 43.70B; Sep 41.95- B; Nov 40.10B. Tuesday's volume: Seven contracts. of 22 expansion projects in Can ada and nine In the U.S. Con strucfion already has begun on the latter. It based its claim on proj ected requirements, mainly by Ontario, for 1973 and 1S74, am on figures which showed it hat Dccn operating at virtually full capacity for most of 1972. Decision was reserved, a usual, until Mr. Stewart ha had time to report to othe board prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 47.65, average Wednesday 48.78. Calgary: average Wednesday 48.73. Lethbridge: Nil, average Wednesday 48.41. Fort Macleod: Nil, average Wednesday 48.45. Total hogs sold 958, total sold Wed n e s day average 48.75. Sows average 38.75. oDcttatron ji recessing ana stems 1003 4lh Avenue 5., Lethbridge Telephone) 328-4426 no