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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 27, 1974, Lethbridge, Alberta Prices mixed in TSE trading The Herald Business TORONTO (CP) Prices on the Toronto stock market turned mixed in light mid- morning trading today. The industrial index, consid- ered the main indicator of market trend, was off .06 to 220.37 and base metals .29 to 105.04. Golds rose 5.01 to 553.61 and western oils .17 to 256.41. Volume by 11 a.m. was 000 shares, down from at the same time Tuesday. Advances outnumbered de- clines 148 to 112 with 209 issues unchanged. Merchandising, trust and loan, chemical and construction and material sectors of the market were among those to gain while communication, real estate, pipeline and paper and forest groups were lower. Bank of Nova Scotia fell to Dome Pete to Carma V2 to Dylex A V2 to and Noranda A to Nabors Drilling rose to Distillers Corp. to Aquitaine Canada to Hugh Russel A to and Simpsons Vt to Sherritt Gordon was down to Northgate to and Falconbridge Copper to Roman gained V2 to and East Malartic to Ranger increased to Vz and United Canso to Skye was off V4 to Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Dougherty Limited Market trends MONTREAL (CP) Prices were mixed in light trading on the Montreal Stock Exchange today. Volume at 11 a.m. was 555.000 shares, compared with 457.000 at the same time Tuesday. Utilities fell .67 to 146.98. banks .45 to 283.44 and papers .07 to 138.66 while industrials rose .39 to 243.35 and the composite .08 to 228.56. F.I C. Fund Inc. rose to Denison- Mines to and Dominion Bridge to while Keen Industries fell to and Bank of Nova Scotia to Among speculative issues. Beaver Mining rose three cents to on a volume of 82.600 shares traded. VANCOUVER (CP) Prices were mixed in light trading Tuesday on the Vancouver Stock Exchange. Volume at the close was 683 shares. In the industrials. EDP was unchanged at :17 on 35.000 shares. Jolly jumper was up .12 at on a turnover of 26.450 shares. lonarc was up .05 at .85 on shares. Newmark Resources was up .05 at on 7.850 shares. Canterra was unchanged at .25 and Block Bros, was unchanged at 65. In the mines. United Hearn was down .01 at .52 on 85.300 shares. Copper Giant was up .03 at .28 on shares. Pine Lake was down .01 at on 3P.OOO shares. Alice Lake was up .01 to .34 on 38.500 shares. Cutlass was up .02 at .85 and Consolidated Coast silver was unchanged at .44. In the oils. Payette River was down 04 at .29 on 53.500 shares: Mountain States was unchanged at .55 on shares Cop-Ex was unchanged at 39 on 17.000 shares. Payette Warrants A were unchanged at .13'i on 13.500. Plains Petroleum was down .01 at .18 and Seneca was down .01 at Chicago markets CHICAGO (AP) Cattle and grain futures prices hovered around limit declines for most of the time on the country's major commodities exchanges Tuesday. Then the government announced it would buy 45 million pounds of red meat to bolster prices and prices rallied sharply before the closes. Livestock and pork belly futures on the Chicago Mercantile Exchange moved from near limit lows to limit advances. Live hog futures also shot ahead, but shell egg futures., down sharply in the morning, barely came off the bottom. Limit declines were posted in soybeans, .corn, oats and soybean oil futures but 30 minutes before the close on the Chicago Board of Trade a rally set in and shorts fought frantically to liquidate positions and change over to brief long holdings. Wheat closed up to the limit higher, and limit declines in corn, oats and soybeans were sharply trimmed. Soybean oil and meal were a shade lower. Chicago Mercantile Exchange futures selling, largely- a carryover from Monday, hinged on cattle marketings and the generally-bearish outlook for commodities in "the next few days. The government purchase was definitely a strong buying factor of futures. Grain quotations Tuesday: Wheat: May 4.93: Jul 4.47: Sep 4 48 Dec 4.50. Corn: May 2.89. Jul 2.91; Sep 2.82- Dec 2.65: Mar 2.70. Oats- May 1.34'j; Jul 1 37V Sep Dec "1.39. NEW YORK (AP) Stock prices edged lower today as the market continued the aimless wandering it began last week. The noon Dow Jones average was ofl .54 at 883.14. and losers outpaced gainers by close to 3-to-2 in light trading on the New York Stock Exchange. Among Canadian issues, Dome Mines rose 3 to and Alcan Vj to Inco dropped to Winnipeg grain WINNIPEG (CP) Action continued light, but prices plunged by mid-session today on the Winnipeg Commodity Exchange. Rye. the only consistent performer, was down at or near the 15-cent-a- bushel trading limit in all months. Rapeseed prices were about 10 to 20 cents lower in sporadic trade. Flax was seldom offered, with prices down between two and 20 cents. Tuesday's volume of trade was 323.000 bushels of flax. of rapeseed and of rye. Mid-session prices: Flax: May lower 10.50A; July 20 lower 10.00; Oct. 2 lower 9.55; Nov. not open. Rapeseed Vancouver: March 20 lower June 14 lower 6.17; Sept. 14 lower 5.88A; Nov. 10 lower 5.77A: Jan. lower 5.62A. Rapeseed Thunder Bay: May 18 lower 6.13A: July 20 lower 5.89A; Oct. 20 lower 5.86A; Nov. unchanged 5.78A: Dec. not open. Rye: May -14 lower 2.59A; July 14 lower 2.49A; Oct. 15 lower Dec. 15 lower 2.28A. Grain quotes Tuesday basis Lakehead: High Low Close Flax May 1100 1073V2 Jlv 1050 1020 1020 Oct 967 957 957 Nov 940 Rapeseed Vancouver Mar 711 692% 692'A Jun 661% 625 631 Sep 629% 602 Nov 602 578 587 Jan 587 571% Rapeseed Thunder Bay May 647 623 631 Jly 631 607 609 Oct 606 Nov _ _ 578 Dec ._ 576 Rye May 273% 268% 273 Jiy 259% 263 Oct 249% 244 249% Dec 243 238 243 WESTERN 4.70 AND 7.75 Afton west Cdn Seed 4.20 Albany Westfield Min 1.34 Weston.APfd Ashland White Yukon Alta East RIPE LINE STOCKS BP Alta Gas A 13.25 Brenda 7.00 Alta' Gas Pfd 63.25 Can Alta Nat Gas 19.50 Cdn Ex Inland Nat Gas 9.50 Cdn Qaz Metro 6.37V, Cdn Ind Gas Qaz Metro A Pfd 64.00 Cdn Long N and C Gas 12.25 N and C B Pfd 23.00 Cdn Pacific Trans 10.75 Dome Trans-Can Pipe 31.50 Tr-Can A Pfd 58.75 Fort Tr-Can B Pfd 37.50 Giant Tr-Can Pipe War 4.50 Gibraltar WC Trans WC Trans Wts 3.40 Gt Gt Cdn Oil CALGARY Lochiel Acroli .70 Lytton Barons Oils .09 Noble N. Continental 02 'North Cdn Western Warner '40 VANCOUVER Pancdn MINES Pan Atlas Explorations ,30 Bathurst Norsemines 1.33 Dankoe 3.30 Place Davenport .73 Dolly Varden .37 Equitorial Res. .14 Scurry Lornex 850 Northair Mines 3.50 Primer 08 Total Pyramid .12 Ulster Silver Standard 239 United Valley Copper 825 West INDUSTRIALS West Columbia Brewing 2.65 Industries 15 2 00 Acres Ltd August Pete. 48 29.25 Plains Pete .'iay2 BC Sugar A Pfd Block Ponderay Explorations .95 3.65 Stampede Int'l Res 77- Cdn Pac Inv A MUTUAL FUNDS Com Cap Corp Carling O'Keefe A All Cdn Compound 6.53 7.10 22.75 All Cdn Dividend 6 85 7 44 Carling O'Keefe B Pfd Crestbrook All Cdn Ventures 3.46 376 9.50 Amer Growth 'Fund 4.71 518 Crowsnest A.G.F. Special 2.47 Falcon Cdn Invest Fund 5.04 5 52 F and M Collective Mutual 5.22 573 Cmrtwlth Inter 13.88 Home A Home Cmnwlth Leverage 330 48.00 Cmnwlth Venture 6.05 Hud 'Bay Corp Investors 640 703 Hud Bay Corp Invest St Fund 4.80 527 Hud Bay'A Dreyfus Fund U.S. 10.83 1187 Hugh Russell C Great Pacific 4.70 5 13 Husky Grouped in Shares 3.09 3.40 Husky B Growth Equity 7.48 8.22 Husky 0 Invest Growth Fund 12.26 13.40 Husky E Investors Mutual 5.83 6.37 Hys of Mutual Accum 6.12 673 Inter Prov Pipe Inter Prov Mutual Growth Fund 3.18 350 Nat. Resources 494 543 Kaiser N.W. Cdn. 556 e'l1 Kaiser Res N.W. Growth 4.76 5.23 Loblaw C Pfd Principal Growth 4.53 4 97 3.50 Provident Mutual 822 Pacific Pete Pac West Air Pe-Ben Oilfield Rpyfund 6.88 716 Templeton Growth 7.82 6.57 5.50 United Accum 4.60 5.05 Rainier Inc Royal Universal Savings 7.99 8 79 Univest 583 641 Vanguard 6.24 6.83 Growth of Canada'sBudget. 1961 Dollar Values) Billion Budget Growth Wednesday, March LETHBRIDQE HERALD-29 Gov't spending triples in decade Growing budget Graph gives an indication of how the federal budget would look if the inflation in the economy was taken out. Calculation for each fiscal year ending March 31 was made by applying the gross national product deflator formula which translates current money values into terms of 1971 purchasing power- Even with inflation taken out, federal budget has risen more than 90 per cent, from billion in the fiscal year ending March 31, 1964, to an estimated billion in 1974. Inset graph shows budget growth in current dollar values to a predicted billion in 1974 from billion in 1964. That's an increase of 188 per cent. Proposed transit system will cost MONTREAL (CP) Plans for a new transit system between downtown Montreal and the new Mirabel airport were revealed Tuesday by Quebec Transport Minister Raymond Mailloux. The system is to be finished by 1980. The proposed system, using Toronto industrials (Supplied by Richardson Securities of Canada) Currencies MONTREAL (CP) Wednesday's mid-day foreign exchange selling rates supplied by the Bank of Montreal: Australia dollar 1.46 Bermuda dollar 1.01 China renminbi .4930 France franc .2095 Germany mark .3865 Japan yen .003570 Switzerland franc .3330 United States dollar .9740 United Kingdom pound 2.3250 U.S.S.R. ruble 1.2523 Quotations in Canadian funds. Earnings Livestock Calgary CALGARY City council gave third and final reading Tuesday to a bylaw increasing Calgary's business tax rate to 12 per cent from 11 per cent. Profits rise VANCOUVER Cominco Ltd. reports net earnings in 1973 more than doubled from 1972. HOIM Electronic Stern Equipment AUCTION SALE 4823-11SLN.E. Calgary, Albtrta. Friday, March 29 at p.m. I tan torn by Wwtwn Canada Sahrage to Mil by Public Auction Home ft Auto aquipmtM. valued at ovar a partial KM M feOom: 8 track stereo quad, units. 4 8 track stereo Dual auto sensing, lighted channel in- dicator, exclusive radar sound tracker coupled to 4 way balance control, lighted V.U. meter, complete black- out dial, push button and slides with rotary fine tuning, full compliment oJ inputs; 4 threeway air suspension speakers: RCA jacks and 10 Joo! cable. 50 watt peak, 8 ohms. 8 track stereo units. 2-4 switch tor matrix quad., plus bass boost. F E.T. I.C. 8 track stereo radio-phono- graph. 3 pee. component system, fuil size BSR changer with cue. 8 track stereo deck lor home, patch cord supplied connects to most amplifiers. 8 track car stereo tape decks, slide and rotary controls. 5 band portable radios, air telescopic antenna, 4 C batteries and elecric cord Component stands. rolt-a-bouJ carts in walnul finish Car stereo cassette players. small amount of aqvipmant to HI a damaged condition. lor viawing 12 noon aala lima da? of or DIRECTIONS: HdcfWoM SM. and Ara. H-E. to Airport Ifflfnc Wjttrts, to fiisl turn fijfhl on wrvicv roML put Loo, oolMRftpv Ltd., thvii nnct oVxw to Sdl Hdicoplws. f oltew ffw Auction writ DEALERS WELCOME: Sate win continue Sat. March 30 if necessary. AUCTIONEER LARRY IRVINE, IJc. 010069. Ph. 245-2422. 245-1087. ;