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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 27, 1972, Lethbridge, Alberta ______....._ Kondoy, March 27, 1972 THE IETHBRIDGE HERAID 15 West oil stocks up fractionally TORONTO (CP) Western oil issues on the Toronto Block market crept fractionally higher wliile prices in most other inajw sectors dropped lower in light mid-morning trading today. The industrial index was off .04 U) 199.50, golds .24 to 176.43, and base metals .33 to 97.66. Western oils were up .18 to 223.66. Volume by 11 a.m. was shares, compared with at the same time Friday. Advances, however held a slim lead over declines, 126 to 110 with 188 issues unchanged. Banking, communication, food processing, paper and forest, steel and general manufactur- ing slocks were among 13 of the industrial index's 17 sub-groups which moved lower. Chemical, industrial mining, pipeline and merchandising stocks edged fraction a Uy higher. Among oils, Numac was up V4 to Pan Ocean to Canadian Superior Oil V4 to S42-% and Imperial Oil '1 to ?33% Laidlaw Motorways fell li to Sfeteo -li to Thom- son Newspapers to Gold Crest Vi to Giant Mascot 15 cents to and Charter Oil 20 cents to CP Ltd. was off lo Hudson's Kay Oil and Gas to Mattagami Vt to SSG'i, Labrador Mining to and Bank of Montreal M, to Simpsons-Sears vras up rri lo Ak-an lo Texaco Vi lo Inco 11 to S34, Western Mines 15 cenls lo 53.65 and Shot! lo PRICES 1IIGIIEH MONTREAL were higher in all sectors ex- cept utilities in light trading on the Montreal stcck market today. Industrials gained .74 to 205.18, banks .11 (o 254.74, the composite .49 to 202.90 and pa- pers .38 to 84.75. Utilities fell .20 o 164.01. Combined volume on the Montreal and Canadian stock exchanges was shares compared with at the same time Friday. Denixbn Mines was up lo Alcan to Imperial Oil to and Texaco Can- ada 14..to Hollingcr Mines was off to International Utilities 3.i lo Canadian Hydrccarbons Ltd. to SU'-i, Laidlaw Motor- ways Ltd. 14 lo and Weld- wood of Can. Ltd. 14 lo 512. SLOW TKADE NEW YORK (AP) Oils and electronics led a decline stock market prices today in slow trading. The noon Dow Jones average of 30 industrial slocks was down 3.01 lo 939.27. Declines outpaced advances by more tlian 3 to 2 among is- sues traded on (he New York Stock Exchange. Among Canadians, Mclntyrc Porcupine advanced to Dome Mines was up lo and Alcan was up 14 to On the American Stock Ex- change, Brascan Ltd. advanced to and Preston was up li to Noon Ainex prices includ Amerada Hess warrants, off at LTV Aerospace, up -V lo Venice Industries, dowi at SlSVs; Frontier Airlines up at Drew Nations down Vt at Sll'i; Syntex, down to Treadway Co., up U at and Ozark Airlines up to CHRIS JACOBSON G e o r g e Hopkins, General Manager of (he Alberta Live- stock Co-Operative Limited an- nounces tlic appointment of Chris Jacohsen as Manager of the Calgary Division of the Alberta Livestock Co-Operative Limited. Malta chief signs pact with U.K. t AP) Pri m Minister Dom Mintoff of Mali signed a million pact, wil Brit am Sunday, cnduig si montlis of bargaining to kee his Mediterranean Island in th Western defence network, The agreement, under whic Britain will have use of the i land's air and naval bases fo the next seven years, was in tialled by Mjntoff and Lor Carrington, British defence sec retory, only five days befor MJntoffs deadline for the wit' drawal of British troops frci Malta. Malta will get million a year in rent for the bases million from Britain and the rest from its North Atlan- tic Treaty Organization allies who beefed up Britain's offer when London refused to meet Mintoffd demands. Miscellaneous quotations Calgary, Montreal (Supplied by Dolierty, McCnaig Limited) LAST BID Oil SALE fl.m, Quotes) WESTERN OILS inex 555 a.m. tjuoles) a.m. Quofel) Ali iUa Eosf Asamcra Ashland P Oil Gas ;an South ;dn Ex Gas dn Homesid :dn Ind Gas Oil :dn Super :dn Long Is Charter 17 75 U.OO 5.60 Husky Olf Husky Oil B Husky Oil War Inter Prov Pipe Inlcr Prov Steel Kalier Res MGF Manage PacHIc Pe1e Rainier San dwell Tolcdync Wcsf Can Seed While Yukon 17.7S 570 15.00 9 75 3.90 7.90 31.87V] Mulual Gr F N VJ Gr Principal Royiunb Sav 8.03 award ll.il .w 7-32 VANCOUVER 6.31 5.61 6-42 i 76 4-33 7, JO 7.98 .1.79 i.24 4.-12 A 63 6 80 JJ 5-4J S.9fl 8 63 6-W 10.mi WcslMeld 1.4] MINES .SI Gt Plolns SI Cdn Oil ochlel lorlh Oil Murnac nnedn Ptte an Ocean, efrcl >innacle Place Gal Tolal Pele Ulster Dccalta West pete MISCELLANEOUS INDUSTRIES Aquefarne 2.1, inco 33.00 1.-45 5 75 13.75 1675 11.SO 14.37'; .93 9.75 6.70 1.37 6.35 10.00 NorlJi Cont -02 Wes1 Warner .W PIPE L.INE STOCKS AHa Gas A Alia Gas Pfr! Alia Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pac Gas Trans Gaz Metro GHZ Metro A Trans Cda Pipe Trans Cda B Trans Cda A Trans Cda War WC Trans WC Trans W1s 54.00 79 00 2 CO 16.75 138? 13.00 5 70.00 41.75 78, Wa 13-75 29-50 10.25 Arclic Mining Alias Explor bath Norse Brenda Brycon Churchill Copper Croyden Dankce Dolly Varden Dynasty Reliance Giant fAascot Graniile Lornex LyHon Minerals Pyramid MUTUAL FUNDS ty INDUSTRIALS Cdn Brew A Cdn Brew B Cdn Pacific In Cygnus A Gensrar HOJ 31.50 38.CO 27.00 3150 Home B Hud Bay Bay Hud Day Oil Pfd 52.25 Hugh Russell U.JJVi All Cdn Com 676 9-57 Broi All Cdn Divid 9.78 106? B-C. Sugar '4 All Cdn Vent 4 03 4.44 iugar Pld I Amr Gr F 6.91 7.S? CaPr AGF Special 3.4B CrestbrooK F Ind Ctfn In P 5.CO 5 J8 1 Col Mutual inierfor Brew Cmnw tnlor 1-1.32 15.80 Inter Manner Cmn Lev 3.65 4.13 Key Indus! Corp Invesf 604 64? Paddc Air I Corp In Sf F 5-5-i 5.73 Stampede Intl Res Dreyfus U.S. 13.36 14.64 OILS Gr In Shares 4.03 4.o Albany Oil Gr Equity 7-37 8.0) Plains Pete Invesl Gr F 12.11 13.14 West Explor Foreign takeovers question parried Toronto mines, industrials EDMONTON (CP) Alber- ta's Progressive Conservative .government does not feel the lima is appropriate for a defini- ive statement regarding its Gas sale is subject to okays TORONTO (CP) Imperial Oiil td. announced here it has reached agreement willi two companies based in the United States for the sale of up to 10 trillion cubic feet of natu- ral gas from its property in th? Mackenzie Delta area of the Ncrlhwest Territories. The sale, however, is subject to approval by regulatory bod- ies in both Canada and the U.S. Under the agreement, the two companies, Michigan-Wisconsin PipeLine Co, and Natural Gas Pipeline Co. of America, will jcintly advance a tolal of S-IO million, at the rate of mil- lion a year, to Imperial Oil for "development and production ol discovered and undiscovered natural gas reserves." josition on foreign takeovers of Canadian companies, Premier Peter LoughecfJ said in the leg- slalure. A request Eor the govern- nent's position was made riur- ng the question period by Op- position Leader Harry Strom, ivho noted the premier had spo- ken out against such takeovers vheti he was in opposition. Mr. Strom said he was speci- icially interested in the pro- posed foreign lakover of two Alberta firms White Stag Canada Ltd. of Edmonton and Diamond Laboratories Drug Co. of Calgary, Mr. Louf'hced said he intends ,o deal with (lie question dur- ing the course of debate "a more appropriate time to do (Supplied By Richardson Securities oi Canada) LAST BID OR SALE a.m. Quoies) MINES Acme Advocate 1-75 Point Bralcrnc BnJimswkk Cdn Tung 2.20 P C Exp -35V? Quebec Man JS.llVs Rayrcck 3.60 RfldTcro 1.61 Rio Algom 19.75 Roman Corp 1 60 Shcrrill Gordon Silver fAittcr .34 W.M 1-J3 .mi H 17.50 H 7.SO U 16.12V: Ir Gl Pap Gulf oil Cda Greyhound Quotes) 72.00 6.10 82-50 3.05 Ccnv.est 7.40 Sleep Rock 3.41 Inl Pipi it U fram Walk perial Oil asca Hlrhe) Cochernjur Craigrncnf Dickcnson ftMnei Deniscm Wines Deer Horn D'Etdooo Dome Mines Dona Id a Discovery Mines Fast Upper Cdn Mines Margraves. 7.10 ivan inbridge V21 3.15 9335 Giant Y K Dnvic S20 2.15 i.10 Grand Headway R Holllnger 4i.io Hud BdY fA and S 33-75 Hyclra Ex 17 Iron Bay 3.65 Joliel Quebec Adriison Key AHJCOD LatracJcr I oke Shcre Langis Silver Mad sen R L Malartic G F Martin McNeely Maclnlyre Intern Mogul Nu W Homes fJc'w Calumet .26 .11 -16 loco Yeflowknife Bear INDUSTRIALS Ahilihi Alcan Alqaina 51eel Afco Ind Allan Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Bow Valley CAE Ind Cdn Brew lilies Accepl .i-cu Laurenlide l.fA Kelly Doug A 1.15 Lceb -10 Loblav? A 440 Metro Stores Massey Ferg McMillan Bice B.12'.6 Moore Corp 21.00 Molsons A Motscns G Cent Gas Company em ees Power Corp 11.75 Price Co JO Rclhmans 21.75 S1 Law Corp Wj Shell COA 13.67VJ Simpson's Sinip Sears 20.00 51eel o( Can Selkirk A 6 SO Texaco B.OO Cal Power Coron Credit C.W.N. Gas Cdn Indust Cdn Marconi CPR Com inco Cons Gas Dist Sea Bridge Trddfcrs Gp A Trans Wi1n Pp Trans Can Pp Union Gas 320 28.M 31-75 2B.75 Versatile Mf Wcsfee) Unlwi Car B 33.12V2 33.E7Vi 9.75 19.00 J3.M A.OQ 3 as 19.00 J1.25 73.25 3-1.75 31. DO 31.00 43.50 1A.37V? 23.25 J2.00 l-f.25 43 75 20.25 when lie extend some I to tliis important question, to of the views of the government. But, ttic premier lie will tlcal with tlie matter in a "gen- oral way" and not present definitive view because of two outstanding features. "One is the desirability before reading or over-reacting have the benefit of the federal government's position. "Second, not (o go so far with a statement as to prejudge the views" of a select committee of (he legislature which will look into the question of for- eign ownership in the province. deal announced honored Four Lethbridge employees i of Canadian Western Natural Gas Company received long- service a wa ids a I the com pany's annual awards and ser- vice recognition dinner in Cal- gary Saturday. Honored for 20 years of ser- vice were GarlJi Baker, shift- man; Buzz Lay ton, chief gas utilityman; Bob Costanzo, cus- tomer serviceman, and Grudniski, engineering assis- tant. Also honored for 20 yean1 service was D. B. Macilfurchy of Taber. fxtile Stores Pete Woodward'i A Cdn Sd 7enifh Erec BANKS Can Impsrial Nova Scolia 27-00 5 75 5.75 Grain prices Winnipeg Grain WINNIPEG (CP) Kape- sceci showed gains up to two cents til rnid-session of the Win- nipeg Grain Exchange today. Trading was moderate as ox- porler, commission house and locnl buying were meeting light hedges. Other commodities had a rou- tine trade. Volume of trade Friday in- cluded bushels of flax, of rye and of rapGEaed. prices: Flax: May 1 lower July lower 2.79Ts; Oct. V-i lower 2.77Tn. Nov. not open, Rapeseed Vancouver: higlier June higiier 2.59; Sep. higiier Nov. lower 2.5GU. RapeseccI Thunder Bay: May higher July higher 2.46is; Oct. higher Nov. not open. Oats: May unchanged GS-le; uly not open; Oct, unchnged 0. Barley: May unchanged .O9'.fe; July not open. Rye: May 'uly higher Oct. 1.01. WELLINGTON