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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 6, 1974, Lethbridge, Alberta 10-THE LETHBHIDGS HERALD May 1974 Sharp decline in TSE prices in light trade TORONTO Prices on the Toronto stock market were sharply lower in light midmorning trading today The industrial widely-based indicator of market was off 1 04 to golds 682 to base metals 41 to 90 67 and western oils 09 to 222 66 Volume by 11 a m. was 000 down from at the same time Friday MONTREAL Prices were generally lower in light trading on the Montreal Stock Exchange today Volume at 11 a m was 164 000 shares compared with 175 600 at Uie same time ruday The industrial index fell 1 Ifi In 21969 The composite 89 to 20670 papeis J5 50 124 Ul and banks 28 to 257 80 while utilities rose 38 to 133 51 Inghs Ltd fell to S13 Inter national Nickel ' Aigoma Steel Vt to and Maritime Telegraph and Telephone V4 to while Chrysler rose V4 to Among speculative issues Invictus Oils rose three cents to 58 cents on a volume of 19 000 shares traded VANCOUVER Prices were Declines outnumbered ad- vances by two to 149 to with 139 issues unchanged Falconbrldge Nickel fell 2Vs to Inco to In- vestors Group Vi to TD Realty Vz to and General Motors Vz to Patino lost 1 to Dickenson Mines to Camflo Vz to East Malartic to and Chemalloy 15 cents to 68. Market trends down in light trading on the Vancouver Stock Exchange today First hour volume was 162 351 shares In the industrials EDP Industries was at 15 on 1000 shares In the Carolm was down 02 at 96 on 15 600 shares and in the oils Vargas was unchanged at 12 an 5 000 shares NEW YORK The stock market bogged down by the continued rise of interest rates trudged lower in very slow trading today The noon Dow Jones average of 30 industrials was down 5 01 at 840 and declines outweighed advances by close to two to-one on the New York Stock Exchange Livestock Calgary CALGARY Receipts to 11 a m Monday from the Calgarv public stockyards totalled about 350 head mostlv slaughter cattle Trade was moderatly active There Here insufficient slaughter steers or heifers solo earlv to establish quoatations Cows were mostly in the lower grades with all grades selling steady The odd heifery typp to 70 Bull trade was dull with prices around 12 lower and Sales to Cows Dl and 2 33 50 35 D3 30 50 33 D4 25 30 Good bulls 34-36 There were too few good DoUar MONTREAL -US dollar in terms of Canadian funds at noon was up 110 at 17 M Pound s' was up 1 4 25 at 52 34 17 25 In New York the Canadian dollar was down 1-10 at 04 9 10 Pound sterling was up 19 20 at 43 3 5 replacement cattle or stock calves on offer to establish quotations Hogs fob Calgary to 11 a m average base price 36 85 Hog prices EDMONTON Average prices to 11 a m Monday provided by the Alberta Hog Producers Marketing Boa'd Friday's prices in brackets Edmonton 36 85 Calgary 36 85 52i Red Deer 36 85 No sales at other points to 11 a m Hogs sold to 11 a m 1 815 Hogs sold Friday 4 154 average 37 50 Sows average 25 50 Gold prices LONDON Closing gold prices in U S dollars an ounce London 166 00 Pans Strike Frankfurt 166 86 Zurich 169 50 Hong Kong 16306 Beirut Hobday Maclean-Hunter Cable rose to Magnetics Inter- national three cents to 64 cents and Surpass Chemical five cents to 05 Pacer Development gained Vz to United Canso was up to Amalgamated Bonanza 25 cents to Lochiel 10 cents to 45 and American Eagle five cents to 20 Among Canadian issues In- ternational Nickel fell 'A to Massey Ferguson to Alcan H ti Canadian Pacific was unchanged at and Seamgrams at Winnipeg grain WINNIPEG Prices continued to drop at mid session on the Winnipeg Commodity Exchange in a dull trade with few actual transactions Rapeseed dropped the limit m the nearby months at Vancouver and Thunder Bay while flax and rye continued weak Fridav s volume of trade was 896 000 bushels of rye of flax and 1 576 000 of rapeseed Mis-session prices Flax May 11 lower July 11 lower 10 03A Oct 7 lower 9 43A Nov8 lower 9 13A Rapeseed Vancouver June 20 lower 655A Sept lower 6 Nov 15 lower 5 92V4A Jan Ipwer 5 85A Rapeseed Thunder Bay May 20 lower 6 50A July 10 lower 6 ISA Oct 15 lower 5 72A Nov 18 lower 5 65A Ry May lower 2 25A July lower 2 25A oct lower Dec lower 2 2bVzA Metals LONDON Closing metals bid-ask in pounds sterling a metric ton silver in pence a troy ounce 1 305-1 futures 1 267 1 287 Tin-spot 4 040-4 045 futures 4 060- 4065 317 318 futures 324-324 5 878-875 futures 805 5 806 223 5-224 5 3 months 232233 In Cards Of Thanks DEATHS DISABATO Passed away at Taber on May 5th Mary at the age 77 beloved wife of the late Alfie DiSabato of Taber Prayers will be said on May 7th at 7 30 p m in Humphries Funeral Chapel Funeral service will be conducted from St Augustine's Roman Catholic Church in Taber on May 8th at 10 a m with Rev Father Don O'Dwyer celebrant Interment will follow in Taber Memorial Garden HUMPHRIES FUNERAL in charge of arrangements C8441 PUKK Passed away in the city on May following a brief Mr Arnold Siegfried Pukk at the age of 66 of 640 9th Street South raised and educated in Estonia the late Mr Pukk came to Canada in 1947 to Ontario and in 1949 he moved to where he has resided until passing He is survived by one Mrs H Rolling of Ontario and two brothers in Estonia Funeral services will be held at 1 00 p m on Tues- May 1974 in Martin Bros TRADITIONAL 812 3rd Avenue with Rev Paul Koester officiating Interment will follow in Mountain View Cemetery MARTIN BROS LTD Directors of Funeral Service C8443 DEATH PEKANOV Passed away at Taber on May Mike at the age of 74 beloved husband of Amelia of Taber Funeral arrangements will be announced when completed by HUMPHRIES FUNERAL Taber C8442 IN MEMORIAMS PAPP In loving memoiy of a dear father and Peter who away 1969 Five years now away But in our Ihearts your lemory will Dear no lore pain will __________you For you are safely in God's care remembered by wife children John and families 916 CARD OF THANKS Peter We wish to express many thanks to relatives and many friends for lovely masses and also special thanks to Mrs Mary Bolokoski and Mrs Helen George for their kind also Father Zuback Petrunia Family 908 IN MEMORIAM PAPP In loving memory of a who passed away May 1969 Like falling leaves the years pass But love and memories never die Precious forever are memories of tomorrow and all life through remembered by his sister John and family 907 CARDS OF THANKS BARVA I would like to thank my nurses and staff of St Michael's Hospital for the excellent care they gave me during my recent hospitahzation Special thanks to my relatives and friends for all the nice flowers and get-well cards To all those who visited my sincere appreciation Clara Barva 917 RUSSELL many thanks to all my family and far and for the lovely phone for the uplift you have been to me since I have been in the Calgary Foothills Hospital the last two months thanks to the hospital staff Mrs Thurga Alberta 906 Revenue Canada Customs and Excise Revenu Canada Douanes et Accise SERVICE DE RENSEIGNEMENT INFORMATION SERVICES HAVE YOU ANY QUESTIONS FOR CANADA JJES DOUANES DU MONDAY TO W1HE 327-2688 328-2603 LUNDI AU 0900h-1700h-327-2688 328-2603 The Herald- Business Stocks Miscellaneous Montreal by WESTERN OILS AND MINES Alton Mines 6 75 Albany Oil 48 Alia East Gas Alminex 6 25 Asamera 1012Vi Ashland Oil BP Canada 14 00 Brenda Mines 6 00 Cda South 3 85 Cdn Ex Gas 3 05 Cdn Homestd 5 37Vi Cdn Ind Gas Oil 8 25 Cdn Lone Is 15V4 Cdn Super 47 Chieftan Dev 8 12Vi Dome Pete 30 75 Dynasty 8 75 Fort Reliance 21 Giant Mascot 1 47 Gibraltar Mines 9 75 Granisle 9 50 Gt Plains 36 75 Gt Cdn Oil S 8 50 Lochiel Ex 2 35 Lytton Mm 1 82 Noble Mines 63 North Cdn Oil 4 90 Numac Oil i Gas 15 Pancdn Pete 11 50 Pan Ocean 1175 Petrol 190 Pinnacle 38 Place Gas 43 Ponder 49 Ranger Oil 31 37V2 Scurry Rain 26 37Yz Seibens 15 25 Spooner 28 V4 Total Pete 8 75 Ulster Pete 1 30 United Canso 19 25 West Pete 5 12'A West Decalta 7 00 MISCELLANEOUS INDUSTRIES Acres Ltd 8 75 Aquitaine 27 BC Sugar C Pfd 12 00 Block Bros 3 35 Cdn Pac Inv A Pfd 30 Carlmg 0 Keefe A Pfd 21 00 Carlmg 0 Keefe B Pfd 25 25 Com Cap Corp 2 55 Crestbrook Ind 7 50 Crowsnest Ind 26 00 Falcon Copper 11 00 F and M Trust Co 5 00 Genstar 19 25 Home Oil A 45 25 Home Oil B 41 75 Hud Bay Co 18 25 Hud Bav Oil 38 00 Hud Bay Oil A Pfd 48 00 Hugh Russell C Pfd 69 62V2 Husky Oil 18 62Vi Husky Oil B FfJ 36 50 Husky Oil D War 2 65 Husky Oil E War 7 Interprov Pipe War 4 30 Interprov Steel Pipe 14 87VZ Kaiser Res 3 90 Kaiser Res War 1 74 Loblaw Co 2 40 C Pfd 25 Magnasonics 2 65 Pacific Pete 24 75 Pacific West Air 7 50 Pe-Ben Oilfield Serv 7 00 Ramer Inc 4 00 Royal Trust 22 Sandwell Teledyne Trimac Canbra Foods Westfield Minerals Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Inland Nat Gas N and C Gas N and C B Pfd Pacific Gas Trans Trans Cda Pipe Trans-Cda Pipe A Pfd Trans Cda Pipe B Pfd Trans Cda Pipe War WC Trans WC Trans War CALGARY Acroll Barons OiL N Continental Western Warner VANCOUVER MINES Atlas Explorations Bathurst Norsemmes Dankoe Daverlport Dolly Varden Equitonal Res Lornex Northair Mines Primer Silver Standard Valley Copper INDUSTRIALS Columbia Brewing Key Industries Wardair OILS August Petroleum Plains Pete Ponderay Explorations Stampede Intl Res MUTUAL FUNDS All Cdn Compound 5 87 All Cdn Dividend 6 16 All Cdn Ventures 3 15 Amer Growth Fund 4 42 A G F Special 2 26 Cdn Invest Fund 4 60 Comnwlth Inter 5 61 Comnwlth Leverage 3 06 Comnwltn Venture 3 01 Corp Investors 5 76 Corp Invest Stock Fd 4 44 Dreyfus Fund US 1031 Great Pacific 430 Grouped In Shares 2 85 Growth Equity 6 56 Invest Growth Fund 11 33 Investors Mutual 5 36 Mutual Accum 5 67 Mutual Growth Fund 2 91 Nat Resources 4 44 N W Cdn 5 08 NW Growth 431 Principal Growth 4 02 Provident Mutual 7 00 Roytund 6 26 Templeton Growth 7 45 United Accum 419 Universal Savings 7 60 Univest 5 51 Vanguard 5 54 650 380 62S 350 107 5200 775 1162'z 5900 1900 9 11 12Vz 2100 3050 5750 3200 4 15 2050 265 46 09 02 30 34 1 52 300 67 30 12 875 299 06 245 700 275 09 1 80 48 18 97 70 638 670 342 486 505 633 488 11 10 470 313 721 1239 586 624 321 488 553 474 441 766 652 8 17 460 836 605 607 Toronto industrials by Richardson Securities Acme Advocate Asb Akaitcho Bralorne Brou'an Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Com Lake Cochenour Craigmont Dickenson Mines Denison Mines D Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbrldge Frobex First Maritimes Giant Y K Granduc Holhnger Hudson Bay Hydra Ex Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R L Malartic G F Martin McNeely Maclntyre Mela Midrlm Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev Pax Exp Quebec Man Rayrock Radiore Rio Algom Roman Corp Sherntt Gordon Steep Rock Sunnlngdale Tek Corp A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yeiiowknlfe Bear Zenmac INDUSTRIALS Abltlbl Alcan Aigoma Steel Atco Ind Jannock Agra Ind Bell Tel Brascan A BCTel 1 Forest 1 Sugar A 1 Valley Ind Ind 1 O Keele Cellulose Power Credit Gas Pfd 1 Inu Marconi Vickers 1 Bathurst 42 Gas Seagrams Bridge 6 Textile Stores Pete 24 Mobile Cdn Oil Motors Lakes Paper Oil Sid 1 Walker Erie Oil Nickel Pipe 11 Grp A Intl 1 Accept Douglas A A Ferg Bloed Corp 6 A B 35 21 Cent 1 Corp Co 1 CDA Sears 1 Can 7 A Grp A 19 Mm Pipe Can Pipe Carbide 1 Gas 1 Oil Siscoe Mfg 11 A Cdn Seed Flee imperial 40 Scotia Dom 1225 2050 23 1250 950 290 5 575 2300 230 925 1900 3 10 1625 27 2500 38 40 50 24 1400 3050 2925 445 875 4525 2375 3050 1650 4500 22 3650 2825 29 750 1600 320 500 900 355 575 1250 27 4925 2250 2400 700 11 11 12Vi 1375 650 1275 750 11 00 29 13 42 SO 1375 3050 1800 11 750 f 21 2050 2200 345 300 2700 1775 33 3375 37 New York by RfchardMNi Securities of Amr T ft T Woolworth 1725 Anaconda 2650 WMtmghouM Else Beth Steel 31 SO US Steel 4375 Chrysler Qen Tel 3175 TORONTO AVERAGES Dupont 17225 20 Industrials 19861 down 88 General 47 SO 20 476 25 down 14 40 Quit 2125 10 Base Metalt 9039 flown 69 im Hirvnur 2650 15 Western Oils 2241 down 34 Volume Montgomery Ward 24 37vi N6.V YORK AVERAGES. Seari 31 50 73 Jown 516 Exxtn 77 75 20 Rails 173 47 down 1 00 Taxed Gull 2725 IS Utilities 7847 up 19 Texas Co 2762V. 65 Slocks 257 15 down 1 24 Uuiw 1A1OIJL VnllilYlA 4 310 MM Pan-Alberta gas to offer appropriate hike in price pAiriARV rPDi __ Dan fnmnativ's annual convention hill wnnl CALGARY Pan Alberta Gas Ltd plans this week to offer appropriate price increase to all of its contracted of natural says Robert president of Alberta Gas Trunk Pan Alberta is a joint venture of Alberta Gas Trunk and an agency of the Alberta government The provincial government has tentatively approved a Pan Alberta application to export 975 billion cubic feet of gas pending the company's offer of a -higher price to gas Mr Blair told the company's annual convention He said International Portable Pipe Ltd 45 per cent owned by Alberta Gas is negotiating an order from Alyeska Pipe Line Service Co the supply of a large quantiti of the structural pipe and supports needed for Alyeska's pipeline project across Alaska Mr Blair disclosed that the government of Alberta intends to introduce in this session of the provincial legislature a bill to amend the of Incorporation of Alberta Gas Trunk Bill proposed to curb holdings by oil companies WASHINGTON Senator Walter Mondale Minn will introduce a bill today barring the 15 largest United States oil companies from expanding their holdings at the expense of independents in the petroleum industry Mondale said his bill is de- signed to stop such expansion while Congress debates whether the major oil companies should be required to divest themselves of refineries or marketing outlets VSE trade shows drop VANCOUVER Trading activity on the Vancouver Stock Exchange declined in April for the second month in a the exchange said today A totdl of 43 7 million shares changed hands during the a drop of 13 per cent from the 50 1 million shares traded during March The value of shares traded declined 17 per from 6 million in March to 8 million in April In a statement Mondale said 1970 statistics indicate the 20 largest oil companies control 94 per cent of domestic crude-oil reserves 86 per cent of the refining 69 per cent of interstate pipelines and 79 per cent of gasoline retailing facilities The bill would be most positive m its long range effects on the company and would strengthen the company's ability to contribute to the further diversified industrial development of the province Alberta Gas Chemicals Ltd a joint venture of Alberta Gas Trunk and Allarco Developments Ltd of has completed about 57 per cent of the construction on its first methanol plant at Medicine he said Work has begun on a second methanol plant of the same size and on the same location at a cost of about million Mr Blair reiterated that the company to participate in with Canadian Industries Ltd Montreal and others an immense petrochemical in Alberta Initial elements of the complex would include facilities to extract about 1 3 billion pounds of ethane from natural gas and convert it to one billion pounds of ethylene annually Big loss is a trend if allowed to go ifl Oil might completely destroy competition within the oil Mondale said His bill would bar the 15 largest domestic crude-oil producers from acquiring or controlling any refinery or pipeline not owned by one of the 15 on July and from operating any wholesale or retail outlet they did not operate as of that date Mondale said such legislation is necessary to prevent the major oil companies from forever controlling the price of gasoline by buying independent stations or those brand-name dealers who have their own stations The bill also would direct several federal agencies to undertake studies on competition in the oil industry royalties CALGARY Radio station CKXL quotes a highlv placed oil industry source as saying Alberta is losing a day in oil royalties because Quebec is not buying the province s oil The station quotes the source as saying a federal subsidy is making it cheaper for Quebec to buy Venezuelan oil than to import it from Alberta where barrels tor each day in May are earmarked for Quebec The station says the bulk of Quebec's barrels is sitting in storage generating no revenue for the province French car industry hits worst crisis in 20 years PARIS The onceboommg French car industry is going through its worst crisis in 20 brought on by a combination of rising world oil a sharp drop in sales at home and abroad and domestic labor troubles A spokesman for the French Automobile Industry Federation said outlook is very bleak sales have been most disappointing at a time when we expect a slight recovery and the slump is likely to go on for some he said 'Orders have fallen off alarmingly The industry is through a rough time he whole European car industry is suffering from the same The French state-owned Renault Co the largest busi- ness concern in France and third largest has been badly hit by the along with the three private French car Peugeot and Simca-Crhysler The car employing a labor force of one including contractors and sub- has appealed to candidates in the presidential elections to work out a national contingency plan Such a plan would increase state assistance to prevent unemployment that might Fish prices increased WINNIPWG The Freshwater Fish Marketing Corp says effective prices for most grades and species with the exception of pickerel and sauger will be between one and 3Vi cents higher than the 1973 price sale The increases are contained in a temporary summer price list issued by the federal government agency and apply to the catch taken by commercial fishermen in northwebtern the Prairie provinces and the Northwest Territories lead to political industry sources said New car registrations in France last month showed a 20 7-per-cent compared with the corresponding period i last year Exports dropped 11 5-per-cent S1OD 000 LIFE INSURANCE Wp WWW Level Term Convertible Options ANNUAL Age 20-155 00 -22800 -16000 .321 00 -16700 -475 00 KEN BELSHER OCCIDENTAL LIFE of California 43IA HOLIDAY VILLAGE Phoiw RM 32I-09M Calgary Law Firm requires LAWYER for General Practice 2 Years Experience Apply to Box 13 THE LETHBRIDGE HERALD Distribution Required Calgary Based Manufacturing Firm Requires distributor ror gasoline diesei residual oil supplements Sales solicitation re- Will involve calls on and other large volume consumers of petroleum pro- ducts Proven product line providing mileage increased power efficiency and emmission reduction Preference wi'l be given to applicants currently dis- tributing petroleum products or with established coverage to customers For full details wrltr. Western Energy Plus Ltd. 300 Petroleum No. 310 9 eve. S.W. Alberta or Phone 268-5505 ;