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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 22, 1973, Lethbridge, Alberta y, March 11, !97J THE IETHMIOGI HRAID ft Market report Western oil issues drop TORONTO (CP) oil issues plunged sharply lower lor the second consecutive ses- sion as prices in most sectors of the Toronto stock market regis- tered declines in moderate mid- morning today. The western oil index was off 3.43 to 243.13 while the indus- trial index, considered the ma- jor indicator of market trends, lost 1.44 to 221.66. Base metals Golds slipped .05 to climbed .21 to 217.27. Volume by 11 a.m. was 000 shares, up from at the same time Wednesday. Declines outnumbered ad- vances by more than three-to- one, 190 to 57, with 183 issues unchanged. Among oil issues, Dome Pete dropped 1% to Pacific Pete to Ranger 1 to and Asamera to Beverage, merchandising, pipeline and sleel stocks recorded widespread losses while food processing issues re- mained generally unchanged. Rapid Data dropped 1 to Sll, Dominion Citrus to Clirysler Corp. to Mclnlyre to W4, Pan Ocean Vi to and Consumers Distributing to Slater, Walker was up to Crown Trust Vi to United Siscoe 70 cents to SIOVl, Agra Vs to1 and Four Sea- sons Vs to NEW YORK (A P) Slock ..larket prices remained sharply ower today, but their sharp downward momentum appeared checked. The Dow Jones average ol 30 industrials at noon was down 7.76 at 930.61, little changed from half hour earlier, while declines led advances on Ihe New York Stock Exchange by more than 3 to 1. Previously it was 5 to 1. Among Canadians, Dome Mines was up Vi to 75% and Granby Mines 1 to Cana- dian Pacific was down to 18Vi, Seagrams to Hud- son Bay to 24 and Massey Ferguson to iSVa. On the American Exchange, Brascan lost 'A to 20% and Pre- ston Vi to Grain price review B of C calls for caution in economic activity moves Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCuaig Limited) Winnipeg grain WINNIPEG (CP) Rape- seed prices posted strong ad- vances in a good volume of mixed trading at mid session Commodity ____ the daily maximum of 10 cents In near- by futures but worked higher M.m. Quotw) WESTERN OILS AND MINES Alta East Gas Almlnex Asamera Ashland BP Canada Brencfa Mines Can Soum Cdn Ex Gas Cdn Homesld Cdn Lnd Gas Oil Cdn Long Is Cdn Super Charier titan Dome Pete Dynasty Fort RcllancB Giant Maicot Granlsle Gt Plains LAST BID OR SALE Quotes) Qixrteu 5.95 11.25 13.75 5.35 4.55 4.00 7.M .30 53.50 4.CQ Cresbtfook Ind Ind Cygnus A Cygnus B Falcon Copper F and Al Trust Genslar Home A 5.87 2.94 5.H J.77 22.37'A Jti.fO 58.00 o'j5 MONTREAL (CP) AU sec- tors declined in heavy 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 Wednesday. Industrials fell 1.47 to 240.18, the composite 1.31 to 227.GG, utilities .98 to 159.55, banks .81 to 268.59 and papers .30 to 121.25. On the Montreal Stock Ex- change, Dome Petroleum dropped to Pacific Petroleum 1% to Rapid Data T'8 to and Gulf Oil to On the Canadian Stock Ex- ch ange, Abitibi Copper wa s down two cents to 15 cents on shares. ot cdn on s Lochlcl Lytton Mln Nofcle Mines North Cdn Oil Pancdn Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Rain Selbens Spooner Total Ulslcr West Pete W. Decalfa MISCELLANEOUS INDUSTRIES Acres Lid Aquilalne 3C Sugar Pfd Block Bros Brlneo Brew A Cdn Brank operations throughout 1972. The report says the bank pur- sued an expansionary monetary policy throughout 1972 to help stimulate a demand for goods and services, thereby gener- ating more jobs. At the same time, however, exnansionary policy had to be moderated in order to main- tain the exchange value of the dollar at or near parity with U.S. currency. Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Mar 43.75; May 45.80A; July 44.40B; Sep 42.40B; Nov 40.55B. Tuesday's volume: 14 con- tracts. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 1-50 at 33-50. Pound ster- ling up 9400 at 1-20. In New York, the Canadian dollar was up 1-50 al 17-50. Pound sterling up 1-10 at 17-20. recessing .ana sterns 1003 4th Avenue S., lethbridga Telephone 328-4426 i! tea essmg ervices Netc York stocks (SoppDed By RlcbarOson Securities ol Canada) Amr T and T Anaconda Chrysler Comsat Dupont GM Gulf In! Harvester Kenn Copper J1.2J Sears 22.12VJ X-Ron 28.25 Texas Gulf 32.37'A Texas Co 54.25 WTckes Corp Wfjolworlh IW.WA 200 Golds 517.53 .97 KU2Vi 10 Base Met 100.72 off .29 21.75 15 W Oils 245.90 Off 3.66 37.00 Volume 16375 J1.H NEW YORK AVERAGES 71 Elec 36.12Va 30 930.61 off 7.76 2500 U.5 Steel 31.75 20 Rails 190.92 olt 1.16 3200 Gen Tel Elec 26.75 15 Urililiw 107.87 .51 27'.50 TORONTO AVERAGES 65 Slocks off 2.11 I 21.25 20 Intfust 221.33 eft 1.77 Volume ATTENTION AUTOMOTIVE SPECIALISTS Excellent managerial opportunity exists immediately for first-rafe "Bake and wheel specialist" lo take over the brake supply, repair, bonding, and wheel division of a large Alberta based Canadian company. The applicant should possess outstanding knowledge of hydraulic, vacuum and air brake applications and service, and will be presently engaged in automotive friction material sales or service industry. Salary Is negotiable and the successful applicant will be entitled to participate in the company's profit sharing program along with the usual benefits. include previous employment record, avail- ability ond wlary requirement in strictest confidence to Box No. 102 Lethbridge Herald ISSUE OF NON-CALLABLE GOVERNMENT OF CANADA BONDS DATED APRIL 1, 1973 Bank of Canada is authorized by lie Minister of Finance to receive subscriptions for a loan, to be issuer] for cash as follows: 1 year 8 month 5i% bonds due December 1, 1974 Issue Price: 99.55% Yielding about 5.78% to maturity Interest payaWe June 1 and December 1 Two months' interest payable June 1, 1973 Denominations: and and 4 year 6i% bonds due Aprfl 1, 1977 Issue Price: 99J% Yielding about 6.68% fo maturity Interest payable October 1 and April 1 SIOO.OOO and Bank of Canada has agreed to acquire a minimum of million of the new bonds, open as to maturity. Proceeds of the offering will hi applied to the redemption of million of Government of Canada 7% bonds maturing April 1, 1973. The new 51% bonds due December J, 1974 are an addition to million of 5i% bonds due December I, 1974, dated June 1, 1967 and August 1, 1971, The new bonds due April 1, 1977 are an addition to million of 6J% bonds due April 1, 1977 and dated April 1, 1972. The new bonds will be dated April I, 1973 and will bear interest from that data. Principal and interest are payable in lawful money of Canada. Principal is payable at any Agency of Bank of Canada. Interest is pay- able at any branch in Canada of any chartered bank without charge. Definitive bonds will be available on April 2, 1973 (without payment of accrued interest) and thereafter in two forms: bearer form coupons attached and fully registered form with interest payable by cheque. Bonds of both forms will be in the same- denominations and fully interchangeable as to denomination form without charge (subject lo Government transfer requirements where The new bonds are authorized pursuant to an Act of the Parliament of Canada and both principal and interest are a charge on the Consolidated Revenue Fund of Canada. Applications for the new bonds may be made, subject (o allotment, through nay investment dealer eligible lo net as a primary distributor or through any bank in Canada. Finance Finances ;