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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 9, 1974, Lethbridge, Alberta Ship christened The Hollis a million marine research vessel owned by Gulf Oil will be christened in Vancouver Saturday. The 202-foot craft will be christened by Mrs. Melvin J. wife of the president of Gulf Global Exploration Co. The ship was built by Burrard Dry Dock Co. Ltd. of North Vancouver. Golds pace sharp price rise in light TSE trade TORONTO Gold shares led a sharp rise on the Toronto stock market in light mid-morning trading today. The gold index was up 36.6 to 470.53 in response to higher bullion prices. The industrial widely-based indicator of market was up 1.27 to base metals 1.54 to 87.94 and western oils 4.20 to 209.76. Advances outnumbered de- MONTREAL Prices were generally higher in light trading on the Montreal Slock Exchange today. Volume at 11 a.m. was shares compared with at the same time Wednesday. Banks rose 2.90. to 254.57. industries 2.01 to 212.39. the composite 1.73 to 201.00. and utilities .25 to 132.13 while papers fell .24 to 124.82. Aquitaine rose to Bank of Nova Scotia to Alcan to S33 and Asbestos while Banque d'Epargne fell to Among speculative Chibex Ltd. rose 15 cents to St.95 on a volume of 22.000 shares traded. VANCOUVER Prices were down in light trading on the Vancouver Stock Exchange VVednejday. Volume at the close was I.56B.699 shares. In the industrials. Canterra was up .02 at .58 on shares. Newmark was down .05 at on 4.500 Chicago markets CHICAGO Commodity which had been mostly under selling pressure in recent made a turn-about Wednesday on major exchanges in the United States. Silver futures posted limit gains in New York and Chicago. In silver fell the limit of 20 cents an then advanced to 20 cents above the previous a move of 40 cents. orange juice and world sugar futures also while wool futures were lower. Strong gains were posted in corn. soybean and soybean oil futures on the board of while soybean meal was mixed. Live pork belly and shell egg futures advanced to limits for one session on Ihe Mercantile while live hogs gained nearly At the close on the board of Chicago wheat was 8 to 13 cents a bushel higher. May Gulf hard red wheat 1-1 to 12 higher. July corn 3 lo 7 higher. May oats 4 to 6 higher. May and soybeans 9'.z to 12Ji higher. May 5.40. Grain quotations May 3.62. Jul 3.51. Sep Dec Mar 3.71. May 2.58. Jul 2.58'2. Sep Dec 2.34. Mar 2.39. May 1.22'z. Jul 1.21 Sep 1.23'.i. Dec i.29'z. Mar 1.29V2. SCHWARTZ INSURANCE AGENCIES WAYNE BECKER INSURANCE MANAGER Wayne has transferred from oui Sparwood Agency to become oui nsurance Manager. He has ten ixperience in the general insurance and is highly qualified. Vayne's experience includes under- vrifing commercial ind fire Company in- Agency representative ind supervisor. He was promoted o Manager when he joined us as Manager of our Sparwood Agency. Vayne provides lop counselling vith our established service. We ire pleased to add him to the Action team and ask you call him at 328-3331. clines by two to 157 to with 143 issues unchanged. Volume by 11 a.m. was 000 up from at the same time Wednesday. Among Campbell Red Lake rose to Giant Yellowknife 1 to Camflo PA to and Pamour IVs to Imperial Oil A was up to Home Oil A 1 to Walker-Gooderham A to Market trends Thermoplex was at .50 on shares and Cornal was at on shares. Key Industries was at.. 12 and Block Brothers was up .05 at In the mines. Billy Goat Creek was at .36 on 293.200 shares. Henrietta was unchanged at .22 on 43.800 Consolidated Fortune Channel was unchanged at .29 on 37.500 shares and Northair was down .15 at on 27.650 shares. Anglo Bowmark was Royal Trust to and Bow Valley to Gulf Canada rose to Royal Bank Vz to Pacific Pete Vz to Thomson Newspapers to and Canadian Imperial Bank to Decca Resources added 15 cents to Total to and Sunningdale Vs to Pan Ocean fell to and Skye five cents to down .04 at .60 and Consolidated Fortune Warrants were up .01 at .17. In the Seneca Developments was up .03 at on shares. Payette was down one-half a cent at on 10.000 shares. Co-Ex Mining was down .03 at .36 on shares and Davenport was down .03 at .65 on 5.750 shares. Williams Creek was down one- half a cent at and Texacal was at Livestock Calgary CALGARY Receipts to 11 a.m. Thursday from the Calgary public stockyards totalled about 850 mostly slaughter cattle. Trade was moderately active. Steers sold 3 full or more lower with sales to 51.10. Heifers were scarce with insufficient good heifers on offer early to establish quotations. Beef quality premium was included in steer prices. Cows met an indifferent demand at prices 50 cents to lower. Bulls sold barely steady. Steers Al and'2 A3 47.50-49. Cows Dl and 2 33-35. D3 29-32.50. D4 23- 28. Good bulls 34-36. Replacement cattle were scarce with most of the replacement being heifers 575 to 700 pounds weight rangs selling steady. There were insufficient stock calves on offer to establish a market Good feeder heifers more than 575 pounds 38-43.50. Hogs f.o.b. Calgary to II a.m. average base price 36.05. Currencies MONTREAL Thursdays mid-day foreign exchange selling rates supplied by the Bank of Bermuda dollar 1.02 China renminbi .5275 France franc .2030 Germany mark .4040 Italy hi-a .001580 Japan yen .003530 Switzerland franc .3390 United States .9670 United kingdom pound 2 370 U.S.S.R. ruble 1 2781 Quotations in Canadian funds. Gold futures WINNIPEG Gold futures. U.S. funds. Winnipeg Commodity- Exchange Wednesday. Jly 74 Oct 74 Jan'75 Apr 75 Jly 75 184.50B. Tuesday's 488 contracts. CPRAIL APPOINTMENT G. A. SWANSON Appointment of G. A. Swanson as superintendent of Alberta South Division was announced by E. H. Shute. Manager for CP Rail. A graduate of the University of Mr. Swanson joined CP Rail in 1949. Since then he has held various positions including division engineer in Regina and assis- tant to the general manager in His previous position was superintendent. Schreiber Division In Schreiber. Ont. With headquarters in Mr. Swanson will be responsible lor CP Rail activities south and east of including extensive operations at Medicine Hat and Lethbridge. Hog prices EDMONTON Average prices to 11 a.m. Thursday provided by the Alberta Hog Producers Marketing Board. Wednesday prices in brackets. 36.45 36.05 Red 36.25 Nil Hogs sold to 11 a.m. 826. total Wednesday 4.664. average 36.16. Sows average 24.75. Winnipeg grain WINNIPEG Prices continued mixed in light activity today on the Winnipeg Commodity Exchange. Rye was lower by between and cents a while flax was down about five cents in all months. Rapeseed prices ranged between three higher and two lower- Wednesday's volume of trade was 515.000 bushels of 340.000 of rapeseed and 639.000 of rye. Mid-session May 4'.'z lower July 4'z lower Oct Nov. B lower Dec. 5 lower 8.59B. Rapeseed June '2 lower Sept. '2 higher Nov. I11 higher Jan. 2 lower 6.16'hB. Rapeseed Thunder May unchanged July 3 higher Ocl unchanged Nov. unchanged fi.03B. May lower July 6'a lower Oct. 5'i lower Dec. lower 2.32A. Grain quotes Wednesday basis High Low Close Flax May 1044'.i 1041 1039'A Jly 1028 1029 V2 Oct Nov 951 951 951 Dec 864 864 864 Rapeseed Vancouver Jun 695 695 695 Sep 660 652 660 Nov 627 U 621 Jan Rapeseed Thunder Bay May 690 Jly 647 647 647 Oct 607 607 607 Nov 603 Rye May 242 241 Vz Jly 241'A 2233A Oct 237 Dec 235 Vz Metals LONDON Closing metals bid-ask in pounds sterling a metric- silver in pence a troy futures 1 232- 1.233 Tin-spot futures 3.995 Lead-spot futures 311-311.5 futures 774-775 3 months 235- 235.5 Dollar MONTREAL U.S. dollar in terms of Canadian funds at noon today was down 1-10 at 19-50. Pound sterling was up 1-20 at 2-5. In New the Canadian dollar was up 11-100 at 19-25. Pound sterling was up 3-10 at 1-5. futures WINNIPEG Live beef futures close Wednesday. May Jly 51.00B- Sep Nov 50 OOA. The Herald Business Stocks Miscellaneous Montreal by WESTERN AND Afton Albany Alia Easl Ashland BP Brenda Cda Cdn Export Cdn Cdn Ind Cdn Long Cdn Chieltan Dome Ft Giant Gibraltar Grt Grt Cdn Lochiel Lytton Noble North Cdn Numac PanCdn Pan Place Ranger Scurry Total Ulster United West West Acres BC Sugar C Block Cdn Pac A Carling A Carling B Com Crest Crows Falcon F M Home Oil Home Oil Hud Bay Hud Bay Hugh Russell C Husky Husky B Husky D Husky Oil E Inter Pipe Inter A Kaiser Kaiser Res Lobiaw C Pacific Pac West Pe-Ben Oil Rainer Royal Sandwell Teledyne Trimac Canbra Foods West Min West A Pfd White Vukon 6.50 3.80 6.00 3.40 1.05 52.00 8.00 PIPELINE STOCKS Alta Gas A 12.00 Alta Gas Pfd 57.00 Alta Nat Gas 18.75 Gaz Metro 5.75 Gaz Metro A Pfd 56.75 Inland Nat Gas 9.25 N C Gas 11.00 N C B Pfd 21.00 Pac Gas Trans Tr-Cda Pipe 31.00 Tr-Cda A Pfd 56.75 Tr-Cda B Pfd 32.25 Tr-Cda Pipe War 4.10 West Trans West Tr War 2.55 CALGARY Acroll .44 Vi Barons Oils N. Continental .02 Western Warner .30 VANCOUVER MINES Atlas Explorations .32 Bathurst Norsemines 1.40 Dankoe 2.80 Davenport .65 Dolly Varden .29 Equitorial Res. .12 Lornex 8.05 Northair Mines 2.78 Primer .06 Silver Standard 2.33 Valley Copper 7.05 INDUSTRIALS Columbia Brewing 2.70 Key Industries .09 Wardair 1.60 OILS August Petroleum .38 Plains Pete. .18 Ponderay Explorations .80 Stampede Int'l. Res. .68 MUTUAL FUNDS All Cdn. Compound 5.81 6.31 All Cdn. Dividend 6.10 6.63 All Cdn. Ventures 3.12 3.39 Amer Growth Fund 4.41 4.85 A.G.F. Special 2.27 Cdn. Invest Fund 4.53 4.97 Collective Mutual 4.70 5.16 Comnwlth Inter. 5.61 Comnwlth Leverage 3.05 Comnwlth Venture 2.97 Corp. Investors 5.66 6.22 Corp Invest Stock Fd 4.33 4.76 Dreyfus Fund U.S. 10.18 11.16 Great Pacific 4.35 4.77 Grouped In Shares 2.81 3.09 Growth Equity 6.28 6.90 Invest Growth Fund 10.99 12.01 Investors Mutual 5.24 5.73 Mutual Accum 5.54 6.09 Mutual Growth Fund 2.85 3.14 Nat. Resources 4.27 4.69 N.W. Cdn. 5.04 5.54 N.W. Growth 4.30 4.73 Principal Growth 5.13 5.64 Provident Mutual 6.84 7.48 Royfund 6.11 6.36 Templeton Growth 7.46 8.18 United Accum 4.11 4.52 Universal Savings 7.47 8.22 Vanguard 5.56 6.09 Toronto industrials by Richardson Securities of MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada lung. Cassisr Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines New Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Gianl Y.K. Granduc Hollinger 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 Meta Midrim Intern Mogul Nu West Homes A New Athona New Calumet Noranda Norlhgate Norlex Pine Point Placer Dev. Pax Exp. Quebec Man Hayrock Radiore Rio Algom Roman Corp. Sherritt Gordon Steep Rock Sunnlngdale Tek Corp. A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknile Bear Zenmac INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Jannock Agra Ind Bell Tel Brascan A BC Tel Forest Sugar A Valley Ind Ind O'Keefe Cellulose Power Credit Gas Pld Ind Marconi Vickers Bathurst Gas 40.37 Seagrams Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid Walker Erie Oil A Nickel Pipe Grp A Inl'l Accept Douglas A A Ferg Bloed Corp A B Cent Corp Co CDA Sears Can A Grp A Mtn Pipe Can Pipe Carbide Gas Oil Siscoe A Cdn Seed Elec Imperial Scotia Dom 12.50 20.50 21.25 2.90 5.50 22.25 2.30 18.75 3.10 25.00 15.25 38.25 40.25 25.75 14.00 30.00 4.45 8.25 46.75 23.75 29.25 46.00 21.00 27.75 17.25 7.37 13.75 15.75 2.85 5.00 8.25 3.50 12.00 17.25 50.00 22.25 20.75 6.87 V4 11.00 10.75 12.50 15.00 7.SO 10.75 39.75 11.25 13.75 8.87Vj 10.50 7.00 21.00 20.50 21.50 3.40 3.00 27.00 33.50 36.50 New York by Richardson Securities of Amr T T Woolworth 17.25 27.75 Westinghouse Elec 16.00 Beth Steel US Steel 46.00 Chrysler Gen Tel Elec Comsat TORONTO AVERAGES Duponl 176.00 20 Industrials 195.96 up 1.49 General Motors 48.75 20 Golds 467.50 up 33.60 Gulf 10 Base Metals 88.12 up 1.72 Int Harvester 26.62V. 15 Western Oils 209.81 up 4.25 Kenn Copper 38.75 Volume Montgomery Ward 25.00 NEW YORK AVERAGES Sears 84.50 20 Industrials 860.91 up 9.93 Exxon 20 Rails 173.82 up .89 Texas Gull 26.00 15 Utilities 78.51 up .06 Texas Co 27.25 65 Stocks 261.04 up 2.21 Plans for big oil refinery procede despite warning Ont. Plans for a Petrosar Ltd. refinery in nearby Moore township are proceeding despite reports from Alberta that secure supplies of crude oil may not be a company executive said Wednesday. George vice- president of Polysar which owns 51 per cent of Petrosar said the firm received a letter from Alberta Premier Peter Lougheed 10 days ago suggesting the company would be to build the plant if it expected to obtain an assured supply of Alberta oil. Premier Lougheed confirmed Wednesday he had Wheat shortage scare squelched WASHINGTON Any lingering fears that the recent wheat shortage scare in the United States might be repeated in the coming year appeared Wednesday to have been squelched by the agriculture department. After a national survey of wheat the department said the winter wheat crop sown last fall promises to turn out even better than the bumper levels initially forecast last December. The department now thinks the winter wheat which represents 75 per cent of total U.S. wheat production and now is being will produce 1.6 billion bushels. That is almost 100 million bushels more than the government's most optimistic earlier forecast. written a letter to the petrochemical company. Dow Chemical of Canada Ltd. dropped out of the Petrosar project a year ago and plans instead to along with Dome Petroleum a petrochemical processing facility at Fort with a pipeline to Sarnia. Petrosar was formed last month by the four partners in the Sarnia Olefins and Aromatics Project to proceed with construction of the refinery. Du Pont of Canada Koch Canada Fuels Ltd. and Union Carbide Canada Ltd. will each own 61 per cent of Petrosar. Mr. Bracewell said a meeting is being arranged between Premier Lougheed and Ian chairman of Petrosar and Polysar president. The Petrosar scheduled for completion in would require about barrels of oil a day about 10 per cent of Alberta's daily output. Ford hikes Building supplies price increases to continue Ont. The head of Canada's largest co-operative purchasing agency for building supplies predicts prices of building supplies will continue to rise for the remainder of 1974. time you turn around prices seem to have jumped up said Everett general manager of a Kingston lumber firm and head of Matreco Ltd. of in an interview today. Matreco acts as purchasing Stelco raises steel prices TORONTO Steel Co. of Canada Ltd. said Wednesday it will increase prices on bar and plate products by an average of 11 per cent on various dates this month. A. R. vice- president of said the price changes are necessary because of higher costs for raw materials such as coal and scrap. agent for 280 independent building supply firms across the country. Mr. Ward said that in the last 24 hours the price of two- by-four-inch boards increased 30 per cent and unsanded plywood was up 28 per cent. Higher freight wage increases and a jump in stum- page fees charged lumbering firms in British Columbia all contributed to the rise in he said. MANY MINTED About 85 billion Lincoln pen- nies have been minted since 1900. price OAKVILLE. Ont. Prices of 1974-model Ford cars and trucks in Canada have been raised an average a vehicle effective immediately. Ford Motor Co. of Canada Ltd. announced. The increase includes a 2.2- per-cent raise in the suggested retail about and a raise of 0.4 per cent or an average on items made standard equipment that were previously offered as options. The Canadian increase compares with a vehicle announced by the parent United States covering on the sticker price and on new standard equipment. 1003 4th Avenue Lethbridge Telephone 328-4426 rocesstny erviccS Revenue Canada Customs and Excise Revenu Canada Douanes et Accise INFORMATION SERVICES HAVE YOU ANY QUESTIONS FOR CANADA MONDAY TO TELEPHONE OSOOh 1700h 327-2688 328-2603 SERVICE DE RENSEIGNEMENT LUNDI AU 0900h-1700h-327-2688 328-2603 SIMMENTAL BREEDERS The Stettler Auction Mart is conducting a sale that may be of interest to you. Twilight Sale MAY 11 at p.m. This Mle being conducted for Circle 3 Cattle Co. of Lethbridge SELLING WILL BE 106 LOTS 1 Purebread Yearling Bull 10 Open 1973 Heifers Cows with Heifers Calves at foot 15 Bred Bloods 70 Open 1973 Vfe Blood Heifers to ____ SALE CONDUCTED STETTLER AUCTION MART LTD. C.Q. McKay and AaaeclatM P.O. 1238 Alberta Phone 742-2715 ;