Lethbridge Herald, The (Newspaper) - March 21, 1973, Lethbridge, Alberta
20-THE LETHBRIDGE HERAID MarthSl, 197J TSE prices up at mid-session TORONTO (CP) Prices on the Toronto stock market over- came fractional losses suffered early in the session and moved moderately higher in mid-morn- ing trailing today. Trading was moderate. The industrial index, consid- ered a prime indicator of mar- ket direction, was up .64 to 223.07. Base metals rose .62 to 101.38. golds were down .41 to issues. of Canada dropped 1 to and Power Corp. to On the Canadian .Stock Ex- change, Capri Mining gained 3% cents to 32 cents on shares. NEW YORK (AP) Slock market prices held onto mild gains today, as bargain hunters nibbled at recently depressed 2L8.61 and western oils 250.13. Advances held a narrow mar-' gin over declines, 121 to 100, with 183 issues unchanged. Banking, tood processing, steel, oil refining and commu- nication issues posted moderate gains while beverage, tnist and loan and paper and forest is- sues remained lower. Wselon was up to Chrysler 3i to Imperial Oil 3i to United Siscoe 30 cents to and Steinberg's A SB [o Pan Ocean gaitied Vs to Mumac to Thomson Newspapers s to 14 '1 and Home Oil A was oft to Rapid Data to Shell Canada to Denison to Inco Vs to and Mclntyre Vi to .14 to The Dow Jones average of 30 industrials at noon was up 3.76 at 953.19, while advances led de- clines on the New York Stock Exchange by about 3 and Among Canadians. Alcan was to Walker-Gooder- to Vi, Canadian Pa- up ham cific id to J19, and Inco Vi to S33Ts. Dome Mines dropped Vi to STSli and Genslar Va to Vi. On the American exchange, rose Vi to and Brascan Vs to Quebe- cor was Vs to MONTREAL (CP) sec- tors advanced 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, compared with shares at the same time Tues- day. Banks gained .80 lo 267.74, in- dustrials .73 to 243.53, the com- posite .64 to 230.29, utilities .31 to 161.34 and papers .18 to 121.94. On the Montreal Stock Ex- change, Texaco gained 1 to tnd West Coast Transmission t while Provincial Bank Suspended VANCOUVER (CP) The Vancouver Stock Exchange to- weiieei 35 Unrcfl IBM B 4i'-wn. A Cdn Seed Zenith Elec BANKS Cdn Imp Nova Scot iff Royal Tor-Dom SI .00 72.50 20.37 31.25 St.VJVt 27.00 11.371A 17.50 3O5 53.00 34.75 15.00 U.50 IB.OO 22.CO 38.45 11.42VI U.75 7.35 30. Wh 17.25 31.50 30.25 5.75 Grain prices Winnipeg grain Pension plan contribution option for farmer urged OTTAWA (CP) The Can- ada Pension Plan should be amended so farmers can make contributions even if their tax- afile income is so low that pay- ments are not required, Douglas Neil Jaw) said Monday. Mr. Neil was supporting his own private member's bill in the Commons to allow fanners the option of making pension contributions regardless of their net income. He said farmer incomes fluc- WTNNIPEG (CP) Export- er and commission house in- terest had rapcsced futures on a higher price pattern at mid- session of the Winnipeg Com- modity Exchange today. Trad- ing was moderate. 11- Nearby futures in flax con- Soviet Satellite tinued under pressure with prices the limit down. How- 39. CO 33.50 19.7S 19.75 37.W) 34.75 3J.50 New York slocks (Sopptffrd By Richardson Securities ot 20 GoHs 21S.1J off .17 10 Base Mat ICO. 97 up .21 Dupdll M GJ Gulf tnl Harveiler Kenn Coppw 27.621 t'Aontgomery 21.50 5M7W Sears 22.75 X-Ron ____ .-_________ ____ Texas Gulf 15 W OHs 250.71 up Texas Co 37.12'A Vdume 57.50 Wicfces Corp 20.00 KEW YORK AVERAGES 147.35 WoolWGTlti 23.iS X IndiKl 953.19 up 3.74 Westrnghoose Elec 50 Rails 195.04 up .44 1W.4S up ever, the October and Novem- ber futures showed strength on exporter buying Trade in rye was thin and light with prices about one cent stronger. There was light buy- ing for commercial accounts in oats and barley. Volume of trade Tuesday in- cluded bushels of flax, of rye and of rapeseed. MID-SESSION PRICES: Flax: Hay 10 lower July 10 lower 4.28; Oct. 2 higii- cr Nov. IVi higher Rapeseed Vancouver: March Vh. higher June higher 3.74; Sep. 5 higher 3.72; M Indusl M4.W up Volume IH-2 New post for Rasmiiisky OTTAWA (CD -Louis Ras- minsky, former governor of the Bank of Canada, Tuesday was appointed chairman of the board of governors of the Inter- national Development Research Centre Mr. Hasminslcy, 65, who re-1 oping areas. tired from the Bank of Canada in February after 12 years as governor, succeeds the late Les- ter Pearson in the IDRC post. The centre carries out re- search projects to adapt tech- nology lo the needs of devel- inglld uvp. u Nov. 1% higher Rapcsoed Thunder Bay: May 4 higher 3.47 July 5 fu'gher Oct. 4 higher 3.39; Nov. not open. Oats: May higher July 1% higher I.11V4; Oct. higher l.OMi; Dec. higher] J.05fs. Barley: May higher July 2ii higher 1.493s: Oct. 25i higher 1.50; Dec. 2 higher 1.40. Rye: May 1 higher 1.41; July higher l.Wi; Oct. Vt high- er 1.42Vi; Dec. not open. circles earlli MOSCOW (AP) The Soviet Union has launched a "Meteor' satellite to gather weather in. formation, the Soviet news agency Tass announced today. It said the satellite was launched Tuesday into an orbit with a high point oi 561 miles, a low point of 548 miles and it ini tially was circling the earth ev cry 102.6 minutes. Beef futures WINNIPEG (CD Liv beef futures close Tuesday. Mar 43.75N; May 44.COB July 44.35; Scp 42.37B Nov. 40.50B. Monday's volume: 20 con tracts. Gold futures WINNIPEG (CP) Gold fu tures, U.S. funds, Winnipe Commodity Exchange c 1 o s Tuesday. Apr 73 82.50B; Jly 73 84.03; Oct. 73 85.50; Jan 7 86.75B; Apr. 74 88.00B. Monday's volume: 29 con tracts. uate to such a degree -that ome years deductions are re- uired and other years they are >t. He asked that a system be out so a farmer could varage his income over sov- ral years for pension purposes. Farmers should be allowed to ay nny amount every year up o the maximum. It was difficult for larmers to ake part in registered relire- .cnt saving plans because their rregular income meant irregu- ar payments. Amendment of lie CPP would allow farmers to eecive full benefits at retire- "ncnt. Mr. Neil suggested that con- iideralion be given to including ssll'-employed persons in uch a voluntary contribution scheme. Leopold Corriveau parliamentary sec- retsry for agriculture, said amandmenls lo ths CPP will be discussed at a federal-provin- cial conference of welfare min- sters here in Aprii. If the right of voluntary con- iributions was allowed farmers it should be extended to all self- employed persons but this would increase tire cost ol ad- ministration. Mr. Corriveau said such changes would only benefit people with high incomes. John Hoid niver) said the April confer- ence slvnild consider allowing Indians earning income on a re- serve to contribute. Under present legislation Indians earn- ing income on a reserve can not make contributions to the Can- ada Pension Plan. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 1-25 at 18-25. Pound ster- ling up 21-100 at In New York, lhe Canadian dollar was up 1-23 at 7-25. Found sterling up 8-25 at 1-5.