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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 14, 1973, Lethbridge, Alberta Gold stocks soar, others dip lower TORONTO (CP) The To- ronto stock market's gold index soared more than 12 points but other sectors were sharply lower in active mid-morning trading today. Golds rose 12.60 to 30869. a new record, in response to sky- rocketing prices on world bull- ion markets. The industrial in- dex, considered the major in- dicator of market trend, fell 1.84 to 214.94, base metals 1.20 to 99.67 and western oils 2.92 to 230.54. Volume by 11 a.m. was 1.09 million shares compared with at the same time Fri- day. Declines were well ahead of advances, 201 to 94, while 199 issues were unchanged. Merchandising, steel, indus- trial mining and oil refining is- sues were arovig declining sec- tors of the market while com- munication and construction and material issues were higher. Among gold issues, Sigma rose 1 to Camflo 40 cents to S9.45, Pamour 35 cents to S6.35 and Dome Mines 4Vs to Import egg issue gets Canadian Tire fell 2 to Texaco to Ccminco to Texas Gulf to and Hudson's Bay Co. to Mclntyre Porcupine was off 1% to Placer 1% to and Pine Point to Pan Ocean slipped to Trans-Canada Resources 10 cents to and Canada Northwest 10 cents to Ranger rose Vi to MONTREAL (CP) Prices were down in all sectors in moderate trading on the Mon-' treal 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 Fri- day. Industrials fell 2.47 to 233.15, the composite 2 to 221.73, pa- pers 1.26 to 117.22, utilities .92 to 156.46 and banks .76 to 264.90 On the Montreal Stock Ex- change, Walker-Gooderham and Worts declined Vk to Cominco IVs to and Impe- rial Oil 7s to i On the Canadian Stock Ex- I change, Gold Hawk Mines was I up two cents to 28 cents on I 500 shares. Monday, May 14, 1978 THI LETH8RIDGI HERALD IS Decision awaited on grain dealings Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty. McCnaig Limited) LAST BID OR SALE a.m. Quotes) Buotes) Cygnus A a.m. Quotes) WESTERN OILS AND MINES more fuel VANCOUVER (CP1 Bob Feldman, president of Winni- peg Egg Candling Co.. was on the road Sunday between Win- nipeg and Trail, B.C, appar- ently riding shotgun on a ship- ment of eggs "to ensure they reach the customers." In a telephone interview, Mrs. Feldman said her husband left Winnipeg Saturday with the eggs and she added that he pro- mised to be "quite conspicuous" in Trail when he arrived. She said he was due there some- time today. Mrs. Feldman said she wasn't at liberty to divulge details of his plan. "But don't she said. "You'll have absolutely no dif- ficulty in finding him once he gets there." She wouldn't elaborate. Mr. Feldman's last shipment of eggs to B.C. was seized from five stores in the Trail area by the B.C. Egg Marketing Board. The April seizure was made because the eggs were not pur- chased through a licensed agent, board secretary Ed Morgan said. The seizure touch- ed off a political row involving Ottawa and the B.C. and Mani- toba provincial governments as well as several threats of law suits against various parties in in the dispute. Meanwhile, the B.C board has authorized Mr. Morgan "to talc such action as is necessary to maintain stability and price structure in our own B.C. egg industry." He said Sunday this could include another round of seizures, although Mr. Feldman has said "they'll have to deal with me" if it comes to that. NEW YORK (AP) Stock market prices zoomed down- wards today in moderately ac- tive trading. The noon Dow Jones average of 30 industrials was off 13.32 at 914.66, well below the year's low of 921. Declining issues on the New York Stock Exchange led advancing issues by a 5-to-l margin. Among Canadian issues, Al- j can was off to Genstar j >4 to and Massey-Ferguson J to to Dome Mines rose to and Mclntyre 1% to Albany Oils Alfa East Gas Alminex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Mln Noble Mines North Cdn Oils Numac Pancdn Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Ram Seibens Soooner Total Pete Ulster West Pete W. Decalts MISCELLANEOUS INDUSTRIES UP AND DOWN OSHAWA, Out. (CP) Two Oshawa students spent the en- tire weekend recently jumping up and down. Gerry lantomasi and Tom Wise bounced their way through 50 hours on a trampoline as part of a fund- raising drive. The proceeds, es- timated at about go to- wards sports development at their school. Canada ready i to outfisli U.S. VANCOUVER fCP> En-j vironnient Minister Jack Davis j said Saturday that Canada is prepared to outfish the United States "like mad" if the U.S. refuses to allow Canadian fish- ing vessels within its fishing zones. "If they exclude us from their fishing zones then we'll fish like mad on the edge ol their zones, and I believe fish- ing on the edge of their zones will bring them back to the bargaining table." Mr. Davis said in an interview He said any similar retalia- tory action by the U.S. outside Canadian zones would hurt Canada "not as much as we'd hurt them." He said the U S wants to end the practice of each country's fishing vessels being allovied I in the other's zone, but "we're not about to say okay because basically we've outfished them." Canada last week served 60- day notice on the U.S. that it would extend salmon net fish- ing to the 12 mile limit and i lengthen the trolling season to give Canadian fishermen a greater share of the catch. 1 The move came after a breakdown in treaty talks be- tween the two countries in which Canada sought a reduc- tion in the U.S. catch of Fraser River salmon. But the minister cautioned that he was talking only of op- tions Canada has if no agree- ment is reached between the two countries by the time the current pact expires June 15. Acres Ltd Aquitalne BC Sugar Pfd Block Bros Cdn Brew A Cdn Brew 6 Cdn Pacific Inv Crestbrook Ind Crowsnest Ind Cygnus B 1 21 Falcon Copper 8.45 F and M Trust 6.60 Genstar 9 Home A 12.50 Home B 1500 Hud Bay Co 535 Hud Bay Oil 420 Hud Bay A Pfd 355 Hugh Russell 6.95 Husky Oil 800 Husky B Pfd 20 Husky D War 49.50 Husky E War 400 Hys of Cdn 11.00 Infer Prov Pipe 3525 Inter Prov Steel 8 50 Kaiser Res .31 Loblaw C Pfd 2 94 Magnasonics 10.00 Pacific Pete 3000 P W Air 8 90 Pe-Ben Oilfld 2.28 Rainier 1 62 Royal Trust 1 28 St Maurice Cap 7 40 Sandwell 15.50 Teledyne 13.75 West Cdn Seed 12 62Vj Westfield Mm 1.24 Westfield War .25 Weston A Pfd .53 White Yukon 40 PIPE LINE 28 00 Alta Gas A 16.75 Alta Gas Pfd 12 Alta Nat Gas -16 Inland Gas 7 00 N and C Gas 1 04 N ard C B Pfd 7.75 Pacific Trans 5 25 Gaz Metro Gaz Metro A Trans Cda Pipe Tr Cda A Pfd 1575 Tr Cda B Pfd 2325 Tr Cda War 15 00 WC Trans 270 WC Trans War 28 50 CALGARY 33 25 Acrol! 28 75 Barons Oils 8 25 North Continental 27 00 Western Warner 7.75 VANCOUVER 7.75 MINES 13.62Va Afton t 60 650 Atlas Explor 53 16.75 Bath Norse .80 41 .00 Croyden Wft 37.87'A Dankoe 1 35 20 25 Davenport .50 4662Va Dolly varden 30 5550 Equitorial Res .19 43.00 Lornex 8 21 50 Primer '2 42 Pyramid Silver Standard 62 Valley Copper 58 INDUTRIAt-S Col Brew 3 00 Key Indust 32 Wardair 2 75 OILS Prp Explor 1.14 29 62Vj Plains Pete n 25 Ponderay Exolor 1 07 Stampede Intl Res 80 Grain prices Winnipeg grain WINNIPEG (CP) oil- seed complex was weak and sharply lower in light trading the! Ex- 875 5.00 950 14.00 3.30 31.50 12.25 5 12'A MUTUAL FUNDS 25.37V2 All Cdn Com 7.37 8 06 1 10 All Cdn Divid 7 95 8.69 3.50 All Cdn Vent 3.80 4.15 425 Amr Gr 551 6.05 5 87VJ AGF Special 2 73 1.12 Cdn Invest F 516 566 10 Col Mutual 5 65 6.18 6350 Cmnw Inter 1542 1700 15.00 Cmnw Lev 3 99 4 38 STOCKS Cmnw Vent 7 77 S 54 14.25 Corp Invest 628 690 7225 Corp In St F 5.15 5.65 20.37'A Dreyfus F U S 11 43 12 53 10.50 Great Pacific 476 520 10 Gr In Shares 3 86 4.24 23.00 Gr Equity 8 l9 9 12 50 Invest Gr F 12.53 13 75 450 Invest Mutual 590 646 66 00 Mutual Ac 6 15 6 76 37 25 Mutual Gr F 3 53 3 94 68.2S Nat Res 85 8 58 N W Cdn 5 60 615 825 N W Gr 523 5.75 18 37'A Principal Gr 4 41 4 84 3 70 Royfund 6.82 7 09 Temp Gr 9 63 10.52 48 Unitted Ac S 22 579 03 Universal Sav 7 91 8 69 Univest 596 655 .35 Vanguard 6 62 7.25 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE 4.35 1 70 10.25 1 30 1 54 665 3 80 26 1 SO 640 420 31 25 (Vi-.OO r" Quotes) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Brunswick Can. NW. Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Cretgmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Giant Y K. Bcvis Granduc Hollmger Hudson Bay M-S Hydra Ex. Iron Bay ISO Johel Quebec Kerr Addiron Key Anacon Labrador Lake Shore Langis Silver Maosen R.L. Malartic G F Martin McNeely Maclntyre Msta Midrim Intern Woqul Nu West Homes New Athona New Calumet W Horse Copper Noranda Nortnqate Norlex 23 31 50 25.75 2 "9 31 25 50 7 20 1 62 4 05 28 3 15 3 05 r.m. 4 Oslsko 14'A Point 1 15 Placer Dev New 1 35 Pax 2 05 Quebec Man 46 Rayrock l4.12Vi Radiore J. 05 Rio Algom Roman Corp, Steep Rock Tek Corp Texmont Upper Canada Western Mines Wright Hargreaves 1.27 Willroy 1 15 Windfall .15 Yellowknife Bear 3 70 Zenmac 07 INDUSTRIALS Abltibi 41 Alcan 97 50 Algoma Steel 1 40 Atco Ind 3 55 Atlantic Sugar 2 oO Agra Ind 71 12V3 Bell Tel 23'2 Brazil Trac 38 B C Tel Burns B C. Forest B.C Suaar Bow Val Ind 22 12'? CAE Ind "9 Cdn Brew 3 8fl Chpmccll 2 45 Col Cell 24 Calgary Pov.er 12 62Vz Coron Credit 24 CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers CnryMer C P.R Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dcfasco (11-.00 Quotw) at mid-session today on Winnipeg Commodity change. Vancouver rapeseed was 7V: to 934 lower; Thunder Bay rapeseed was 5 to 10 lower and flax was off 6% to 9% cents. Rye was also unsteady and selling more than a cent lower. Oats and barley were slight- ly lower in local trading, with the cash month in barley down three cents. Friday's volume of trade was bushels of flax, bushels of rye and bushels of rapeseed. Mid-session prices: Flax: May 8 tower 5.48. July 6% lower Oct. low- er Nov. 6% lower 4.84Vz. Vancouver: June 7% lower Sep. low- er Nov. lower 3.77V4.B; Jan. 9% lower 3.70B. Rapeseed Thunder Bay: May 10 lower July low- er Oct. 6V2 lower 3.63-4A; Nov. 5 lower 3.63A. Oats: May higher l.lB'kA, July unchanged 1.16A; Oct. lower 1.10B; Dec. not open. Barley. May 3 lower 1.63B: July 1 lower Oct. tower Dec. lower 1.55A. Rye. May lower July lower l.WzB; Oct. lower 1.63; Dec. IVi lower Future home This o o t sales, service and show- room facility at 3605 5th Ave. N. in the Industrial Park area, will be the new home of Bridge Farm Cen- tre (1970) Ltd. by January, 1974. R e I o c a t i ng from about two acres near the water tower, the dealers for New Holland and Ver- satile farm machinery will be located on about four acres of land. Seven em- ployees will work in the new building. 905 2 40 310 45.00 4500 350 1 19 1 15 50 5775 12 17 13 12': 9 SO Grt Cdn Oil Gen Motors 3rt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur 8, En Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int U1il Ind Accept Kaps Laurentide Kelly Doug A Loeb Loolaw A '0 87V? Wet Slores 28.00 Massey Ferg McMillan Bloe Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co St Law Corp 19 62'i Shell CDA 30 25 Simpson's Simp Sears Steel of Cda Selkirk A Texaco 27 Traders Grn A 1.85 Trans Mtn Pp Trans Cda Pp Union Gas Union Oil United Siscoe Versatile MFg Westeel 1725 11 25 7 25 11 55 43 50 20 00 54 75 1700 16.75 9 75 5 00 4 35 2 80 895 69.50 21 00 3250 1950 425 2950 52 8711 3950 2850 29 2475 11 25 2475 1750 800 12 75 6 87' j 4 45 600 2050 18 37V2 52 75'" 2475 2500 850 10.25 11 62V2 1925 1800 1000 11 00 16.00 4 OS 1275 29.50 18 50 23 Union Carta 19 Weston's B 15.25 Woodward's A West Cdn Seed Zenitn Elec 32 320 SO <0 5 SO .43 3850 3.< 00 1975 775 1375 3500 BANKS Glendale Cdn Imp Montreal 29 TVs Nova Scotia 15 50 Royal 10 Tor-Dom 3025 56.62V2 11.12V2 2050 3725 1050 1550 780 625 13 1725 2475 5 871 j 285 30 50 '850 34 3375 3275 Loses case LONDON Reuter) Roland (Tiny) Rowland, managing di- rector of Lonrho Ltd., the Pan- African mining and financing conglomerate, lost a court battle today to prevent his fel- low directors from dismissing him. A High Court judge said he is unconvinced that it is the court's duty to interfere in what is primarily a matter for Lon- rho's board of directors. Rowland, who in 10 years has built up Lonrho into a company that made profits of 19 million million) last year, may ap- peal against the judge's deci- sion his lawyer said. Several African countries, in- cluding Zambia. Ghana, and Zaire, have expressed concern at the attempt by eight of Lon- rho's 15 board members to dis- miss Rowland, who enjoys close personal relations with African leaders. SALES REPRESENTATIVE A national brewer ha< an immediate opening for a qualified Sales Representative who will be located in the Lethbridge area. The ideal candidate will have at least grade twelve education and good organiza- tional ability as well as a good degree of public rela- tions skills. This ad will be of interest )o those persons wish- ing to advance to more responsible positions within the organization. We offer an excellent starting salary with liberal fringe benefits, including a company car. Please reply in confidence, includng the personal history and job resume to Box 92 Lethbriclge Herald York stocks (Supplied By Richardson Secnriiies of Canadi) mine i workers gel i new contract Amr T and T Anaconda Beth Steel Chrysler Comsat Dupant GAA Gulf Int Harvester Kenn Copper 52 37Vs 18 lu 2" 12 2 29.75 4950 173.00 23.50 24.00 Montgomery Ward 22 37' Sears 96 SO X-Ron Texas Gulf 2I.12V2 Texas Co 36 _7' 2 Wickes Corp i7 Woolworth 20.25 Westinqhouse Elec 32.87'2 U S Steel 31 87Vi Gen Tel Elec 29 25 TORONTO AVERAGES 20 Indust 21385 off 293 20 Golds 308.73 up 12 73 10 Base Met 99 19 off 1 63 15 W -Oils 228.66 off i 60 Volume MEW YORK AVERAGES 30 Indust 914.66 off 13.32 20 Rails 17808 off 1 43 15 Utilities 107.87 off .47 65 Stocks 28608 off 325 Volume Calgary livestock CALGARY (CP) on the Calgary public livestock market to 11 a.m. today totall- ed 100 head, nearly all cows Trade was active. Insufficient slaughter steers or heifers were offered to es- tablish a market; cows were mostly lower grades at steady prices. Too few bulls sold to es- tablish a market. Dl, D2 cows 33.50 to 34.50. D3 31.50 to 33.25. D4 27 to 31.25. Replacement cattle were mostly fleshy, short keep steers in the 850 950 pound weight range and selling steady. A few good stock heif- er calves were steady. Good feeder steers m o re than 750 pounds 40 to 44. Good stock heiter calves 400 to 550, 40 to 44.25. Hogs base price 42.35. Hog sale EDMONTON (CP) -Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 42.50, average Friday 42.61. Calgary: 42.35, average Friday 42.90. Total hogs sold to 11 am. total sold Friday average 42 92 Sows average 34.75. j SASKATOON (CP) Strik- I ing workers at the Duval Corp. i potash mine west of here are to return to work Wednesday following ratification of a new j contract. The workers, members of i local 7458 of the United Steel- I workers of America, voted 75 per cent in favor of accepting j the new agreement Saturday. i The agreement had been tenta- tively accepted Thursday by union and company negotia- tors. Terry Stevens, union repre- j sentative, said about 130 mem- _ bers of the 215 member local turned out for the ratification vote. The workers have been on strike since March 1. The new contract will take effect on the date of signing, expected to be Tuesday. It will give the workers a 20- per cent wage increase dur- ing the 27 month term of the agreehient, said Mr. Stevens. The increase will represent raises ranging from 52 cents to per hour from the current saJary range of to By JAY PERKINS WASHINGTON (AP) The Commodity Exchange Authority is expected to decide in the next month whether grain traders il- 'egally collected millions in tax dollars by rigging prices on the Kansas City commodity market during last summer's U.S. wheat sales to the Soviet Union. The government investigation came after wheat prices soared on the Kansas City Board of Trade, forcing the agriculture department to raise its subsidy to exporters. The department originally es- timated it would pay out million in export subsidies dur- ing the summer. Instead, it paid out million. The Commodity Exchange Authority has declined to com- ment on its investigation so far, saying only that it is analysing information forwarded by its But authority administrator Alex Caldwell told a House of Representatives subcommittee in March that the results of in- vestigations are not forwarded to Washington unless violations are uncovered. The General Accounting Of- fice also is investigating the al- legations as part of an over-all investigation into the Russian wheat deal. The results of that investigation are expected to be announced at the end of May or first of June. Dealings on the Kansas City Board of Trade first attracted attention when the American Bakers Association alleged some grain-futures traders were trying to force up the closing price of wheat by placing large purchase orders minutes before the exchange closed. This tactic, the bakers al- leged, qualified exporters for larger government subsidies. Export subsidies, phased cut last September, were designed to make U.S. grain competitive with grain from other countries. They were based on the differ- ence between the dosing price of wheat on the U.S. commodity market and the price of wheat on the world market. The subsidies were figured each day and were effective for the following day. Since the amount of subsidy an exporter received depended on when he asked the agricul- ture department for not on when he actually bought the exporters were speculating on whether the sub- sidy would increase. They did this by holding their grain and hoping the domestic price of wheat went up, thus causing the government to in- crease the export subsidy. Dollar value MONTREAL (CP) IIS. dollar in terms of Canadian funds at noon today was dovro 17-100 at 24-25. Pound ster- ling up 2 11-50 at 4-5. In New York, the Canadian dollar was up 17-100 at 1- 25. Pound sterling up 2 16-25 at 9-10. CRESniNES llth ANNUAL Continues until Saturday, May 19th DONT MISS THESE BUYS! INTERIM 9 for t SATIN I YOU GET TWO FOR THE PRICE OF ONE INTERLUX SATIN LATEX i.75 INTERIUX SEMI- GLOSS 2 gallons for only 13.50 2 quarts for only INTERLUX FENCE PAINT INTERLUX FLOOR ENAMEL INTERLUX EXTERIOR WHITE 2 gallons for only 13.50 2 quarts for only 4.10 INTERLUX EXTERIOR UNDER- COATER For the ultimate in protection. 2 gallon) FENCING SUPPLIES ROUGH CEDAR FENCE BOARDS FOR THAT RUSTIC APPEARANCE 1x6 4 ft......... 5SC 1x8 -6 ft......1.11 1x6 s ft........ 70c ixio 4 ft........ 92e 1x6 6 ft........ 1x10-5 ft......1.15 1x8 4 ft........74C 1x10 6 ft.......1.3B 1x8 S ft......... 93C 4x4 6 ft. Each FENCE POSTS 2.49 CONSTRUCTION GRADE FIR 4x4 7 ft. Each 2.90 4x4 8 ft. Each..... 3.32 PATIO SUPPLIES Sidewalk Blocks Grey, red, charcoal, gold. Skidproof finish. Grey thick thick 2.29 Colord 2.69 Patio Blocks thick 6 colors. Red, green, sold, charcoal, brown, grey. Grey, ecsch Colored, each 31C Many more specials too numerous to mention USE YOUR CHARGEX CRESTLINE BUILDERS AAARKET LTD. LETHBRIDGE'S INDEPENDENT BUILDING SUPPLY HEADQUARTERS" OR CRESTLINES BUDGET PLAN ,23 30th St. N. Phone 327-5444 or 327-SUt ;