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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 16, 1973, Lethbridge, Alberta 24 THE LETHBRIDGE HERALD Wednesday, May 16, 1973 Market prices generally higher TORONTO (CP) Prices on the Toronto stock market were generally higher, although golds continued Tuesday's ERVIN BUCK store manager Building firm opens new store Revelstoke Building Materials Ltd. will officially open its new home improvements centre Thursday at 9 a.m. at 1602 3rd Ave. S. The facility, says manager Ervin Buck, features a store four times the size of the form- er store located at the same address. The new facility also has a parking lot increased in capacity by three times and 20 employees instead of the 10 em- ployed in the old store. A 000-square-foot warehouse has also been added. The store will carry a com- plete slock of home improve- ment items, from carpets to cabinets. In-store displays of kitchen cabinets, bathroom settings and panelling will be set up, Buck says. trend, in moderate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, rose 1.80 to 210.60 and western oils .99 to 224.84. Golds toll 8.53 to 299.10 and base metals .37 to 97.18. Most industrial sectors of the market advanced with bever- age, chemical, merchandising and oil refining stocks among those recording gains. Real es- tate issues were lower. Canadian Tire A rose 2% to Toronto Star B 1 to DuPcnt 1 to Consumers Distributing 1 to and Molsra A to Dofasco fell to Among golds, Dome Mines fell 5% to Pamour 25 cert's to and Afcaitcho Yel- low-knife 27 cents to Sherriit Gordon rose ".'s to Camflo 25 cents to and Hudson Bay Mining Vs to MONTREAL (CP) Prices j were up in all sectors except banks in light trading en th? Montreal stock market today. On the Montreal Stock Ex- change, Andres Wines rose I12 to Texaco Canada 1% to and Distillers Corp.-Sea- grams 1% to while Ron- alds-Federated fell 1% to and Woodward Stores 1% to S25. On the Canadian Stock Ex- change, Royal Agassiz dropped eight cents to 70 cents on shares. Calgary livestock NEW YORK (AP) The stock market slipped down- wards today, failing to maintain a rally that started Tuesday and carried over into early trading today. The noon Dow Jones average of 30 industrials was down 3.38 at 91406. Advancing issues on ths York Stock Exchange edged out declines 589 to 549 in light trading. Among Canadian issues, Al- can rose 3s to and Mclntyre to Dome Mines dropped 1% to CALGARY (CP) Receipts en Calgary public livestock market to 11 a.m. today total- led 350 head, mostly slaughter steers and cows. Trade was strong and active, meeting a broad demand. Slaughter steers were 73 cents higher with daily types sailing 39 to 42. Heifers were in short supply and 75 cents higher: cows were mostly in the lower grades with steady prices although a few good kinds sold to 36.50 and thin kinds down 25 cents or subject to condition. Bulls were steady. Al, A3 sleers 44 to 44.90, A3 42.25 to 43.75. Al, A2 heifers 41.75 to 42.80, A3 40.25 to 41.50. Dl, D2 cows 33.50 to 35, D3 31.50 to 33.25, D4 27 to 31.25. Good bulls 37 to 39.80. Replacement cattle were mostly shortkeep steers weigh- ing 850 to 950 pounds and heif- ers in the 6CO to 725 pound Insufficient stock calves offered to establish a market. Good feeder steers more than 850 pounds 40 to 44.50, good feeder heifers more than 600 pounds 37 to 43.50. Hogs base price 43.10. A few good lambs sold Tues- day at 34. Hog sale EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board: Edmonton: 43.15, average Tuesday 43.31. Calgary: 43.10, aver age Tuesday 42.83. Letlibridge: No sales, aver- age Tuesday 42.91. Fort Macleod: No sales, av- erage Tuesday 43.05. Total hogs said to 11 a.m. 452, total sold Tuesday average 43.11. Sows average 34.15. There are other calculators under but none we know of with all the features of the Digi-matic 8 for S998 Floating decimal system-ensures no 'wrong answer' calculations. Constant key-allows for cont. multiplication and division. C. E. key-clears last entry. Operates from rechargeable ni- cad batteries or AC outlet. Gives 3 hours continuous use, recharges in 7 hrs. 8 digit read-out display. Adds, subtracts, multiplies, divides, does mixed calculations, shows true credit balance. Recharger and carrying case incl. Guaranteed for 1 year. Desk top calculator 7098 Reg. Adds, subtracts, multiplies, divides, does chain and mixed calculations. 8 digit entry, read out capacity. Holds constant for multi- plication, division. Floating decimal. Automatic overflow indicator. C. E. key clears incorrect last entry. 9 x size. Weighs about 1.9 Ibs. Stationery Dept. STORE HOURS: Open Daily from a.m. to p.m.; Thurs. and Fri. a.m. to p.m. Village Mall Telephono 328-9231 Frenzy over Firensa Lome Davis of Ottawa looks ?n dismay at his six- month-old Firenza which blew a radiator hose during a protest drive to Parliament Hill. Davis was one of about 50 owners of the General Motors cars to take part in the protest, held because of alleged mechanical brake, steering and other problems. It is one of a number of protests in recent weeks by the Ottawa owners. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig Limited) a.m. Quotes) WESTERN OILS AND MINES LAST BID OR SALE a.m. Quotes) Quotes) Albany Oil Alta East Gas Alminex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homsstd Cdn Ind Gas Oil Cdn Long Is Cdn Supiar Charter Oils Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Mjn Noble Minos North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Spooner Total Pete Ulster West W. Decalta 1.15 7.80 6.50 1 20 14.75 5.35 t 3.40 6 VU 7.87W .20 47.50 4.00 10.50 34.50 8.50 .2B'A 2.60 9.00 27.00 8 80 2.27 1.50 1.18 7.45 1475 14.00 12.62V2 1.20 .25 .51 .40 27 50 16.00 11.25 .43 7.00 5.10 MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine BC Sugar pfd Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv Crestbrook Ind Crowsnest Ind 15.00 1500 2.70 28.00 3300 27.25 a.oo 27.00 Cygnus A Cyqnus B Falcon Copper F and M Trust Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Much Russell Husky Oil Husky B Pfd Husky D War Husky E War Hys of Canada Inter Prov Pine Inter Prov Stiel Kaiser Res Loblaw C Pfd Maanasonlcs Pacific Pete P W Air Pe-Ben Oilfield Rainier Royal Trust St Maurice Cap Sandwell Teledyne West Cdn Seed Westfield Min Westfield War Weston A Pfd White Yukon PIPE LINE Alta Gas A Alta Gas Pfd Alta Nat Gas inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro 'A Trans Cda Pipe Tr Cda A Pfd Tr Cda B Pfd Tr Cda War WC Trans WC Trans War CALGARY Acroll Barcns Oil West Warner 7.50 7.50 13.37'A 600 16.50 39.50 36 00 2025 44.50 55.50 41.00 20 42.62V2 7.QO S.25 5.00 9.50 13.25 3.30 31.50 12.00 5" 75 10.50 6.50 24.50 1.05 3.35 4.30 1.08 .06 62.50 STOCKS 14.00 71.00 20.00 10 22.50 12.25 4.60 67.00 37.00 -41.87V2 7.80 18 37Vi 3.40 VANCOUVER MINES Croyden Afton Atlas Bath Norss Dankoe Davenport Dolly Varden Equitcnal Res Lcrnex Primer Pyramid Silver Standard Valley Copper INDUSTRIALS .05 7.35 .49 .83 1 75 .46 .34 .18 3.70 .13 .15V .65 9.25 .45'A .03 .31 Col Brew Key Indust Wardair OILS Prp Explor Plains Pete Ponderay Explor Stampede Intl Res MUTUAL FUNDS All Cdn Com 7.14 7.8 All Cdn Divid All Cdn Vent Amr Gr F AGF Special Cdn Invest F Col Mutual Cmnw Inter Cmnw Uev Cmnw Vent Corp Invest Corp In St F 4.95 5.4 Dreyfus F U.S. 11.02 12.3 Great Pacific 4.73 5.1 Gr In Shares 3.64 4.03 Gr Equity 7.86 8.6 Invest Gr F 12.16 13.2 Invest Mutual 5.75 6.2 Mutual Ac Mutual Gr Nat Res N W Cdn N W Gr Principal Gr Royfund Temp Gr United AC Universal Sav 7.65 8.4 Univest S.89 6.4 Vanguard 4.38 6.9 2.90 .23 2 65 1 08 .12 1.07 .75 7.71 8.4 3.68 4.05 5.39 5.9 2.65 5.01 5.4 5.46 5.9 15.13 16.63 3.88 4.2 7.58 8.3 6 09 6.6 5.93 65 F 3.51 3.8 752 8.2 5 41 5.9 502 5.5 4 20 4.6 6.46 6.7 9.58 10.4 5.06 5.5 Toronto mines, industrials (Snpptied By Richardson Securities of Canada) Quotes) MINES Acme.......14 Advocate Asb. "1.10 Akaitcho 1.20 Bralorne 2.10 Broulan .44 Bethlehem 13.75 Brunswick 4.15 Can. N.W. Land 6.00 Canada Tung. 1.70 Cassiar 9.80 Central Pat. 1.20 Chlmo 1.4S Conwest 6.50 Cons. Rambler 3 60 Coin Lake .24 Cochenour 1.22 Craigmont 6.40 Denison Mines 31.12V-2 Deer Horn D'Eldona .40 Dome Mines 96.00 Donalda .39 Discovery Mines 1.36 East Malartic 3.25 East Sullivan 2.50 Falconbridge 71 oo Frobex .21 First AAaritimes .39 Giant Y.K. 6.90 Bovis 2.35 Granduc 315 Hollinger Hudson Bay M-S 21.25 Hydra Ex. .30 Iron Bay 3.75 Iso 2.25 Joliet Quebec .25 Kerr Addison 11.50 Key Anacon .23 Labrador 43.00 Lake Shore 3.65 Langis Silver .05V4 Madsen R.L. 1.04 Malartic G.F. 1.16 Martin McNeely 43V? Maclntyre S6.37Vj Meta .12 Midrim .15Vi Intern Mogul 12.50 Nu West Homes 9.50 New Athona .20 New Calumet .27Vi W. Horse Copper 7.50 Noranda 49.62Vj 5.70 Norlex .40 Osisko .23 LAST BID OR SALE r.m. Quotes) a.m. Quotas) Pine Point 30.75 Placer Dev. 26.00 P.C. Exp. 2.90 Quebec Man Rayrock 1.35 Radiore .30 Rio Algom 24.75 Roman Corp. 6.90 Sherritt Gordon 14.67V4 Steep Rock 1.61 Tek Corp. 3.85 Texmonf -26 Upper Canada 2.95 Western Mines 3.00 Wright Hargreaves 1.2? Willroy 1.11 Windfall -15 Yellowknife Bear 3.75 Zenmac .07'A INDUSTRIALS Abitibi Alcan Algorna Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar Sow Valley Ind CAE Ind Cdn Brew Chemcell Col Cell Calgary Power Coron Credit 10.25 28.50 7.00 10.50 54.25 16.25 9.25 4.80 4.20 2.65 2625 1.85 C.W.N. Gas Pfd 11.00 Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P.R. Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom stores Dome Pete Dofasco Cable Glendels 16.12Vi 4.05 12.50 29.75 17.50 1 iSrso 39.00 35.25 18.25 7 14 00 34.25 26.75 14.50 10.00 Grt Cdn Oil Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur Erie Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentide Kelly Doug A Loeb Loblaw A Met Stores Massey Ferg McMillan Bloe Moore Corp Molsons A Molsons B Nachurs North J? Cent Power torp Price Co Rothmans St. Law Corp Shell CDA Simpson's Sin-3 Sear's" Steel of Cds Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Gas Union Oil United siscoe Versatile Wlfg Westeel Union Carb Weston's B Woodward's A West Cdn Seed Zenith Elec BANKS Cdn Imp Montreal Nova Scotia Royal Tor-Dom 8.85 21.00 32.75 19.00 4.10 29.12V 52.00 39.00 28.75 28.37V 25.12V 10.12V 24.95 17.75 7.75 12.25 6.75 4.50 20.00 23.00 18.25 28.37V 25.50 25.00 7.62V 10.00 11.25 14.50 13.00 19.50 17.62V4 9.50 12.62V 30.371 16.00 55.50 16.50 20.12V 36.75 10.62V 15.50 7.50 6.00 IT nn 17.37'A 20.75 25.25 5.87VJ 2.75 17.75 33.62V2 33.00 32.25 Grain prices Winnipeg grain WINNIPEG (CP) Prices declined in all grains in mod- erate trading at mid-session to- day on the Winnipeg Commod- ty Exchange. Declines were spearheaded by rapesied, where they ranged Between 6 Vs and the 10-cent unit. Flax prices weredown 8 to m. Oaits and barley registered small declines, while rye was down more than a cent. Monday's volume of trade was bushels of rape- seed, of flax and 000 of rye. Mid-session prices: Max: May 6 lower 5.46B; July 9 lower 5.27; Oct. 10 lower 4.89A; Nov. 7 lower 4.77 %A. Rapeseed Vartcouror: June 10 lower 3.82 %A; Sap. 7 lower 3.80B; Nov. 8 lower 3.69B; Jan. 6 lower 3.63 %B. Rapeseed Thunder Bay: May 8 lower 3.82A; July 8 low- er 3.74 %A; Oct. and Nov. not open. Oats: May V4 higher 1.16 V2A; July 1 Vs higher 1.16 %A; Oct. lower 1.11 %A; Dec. not open. Barley: May lower 1.69 %A; July 1 Vs lower 1.65 %A; Oct. 1 y4 lower 1.57 Dec. lower 1.55 Rye: May 1 lower I'.SSA July 1 'A lower 1.59A; Oct. 1 lower 1.62 VtA.; Dec. 1 lower 1.60 Grain quotes Tuesday (basis High Low Close Flax May 553% 552'i 552V'z Jly 550 536 536 Oct 511 496 599 Nov 499 435'A 485'A Rapeseed Vancouver Jun 392% Ssp 405% 387Vz 387V2 Nov 377% 377% Jan 391% 369% 369Ys Rapeseed Thunder Bay May 403 389% 390% Jly 397 383 383 Oct 378 364 Nov 361% Oats May 116% 116 116 Jly 116% 115% Oct 111% 110% 110% Dec 110% 109% 109% Barley May 170 167 170 Jly 16714 164% 166% Oct 160% 158% 153% Dec 159 157% 157% Rye May 1'62% 157 Jly 160'A 160'i Oct 168% 163% 163% Dec 163 161% 161% Beef futures WINNIPEG (CP) Live beef futures close Tuesday. May 43.90A; Jly 43.20; Sep. 41.90A; Monday's volume: Seven contracts. Lending rate increased by banks TORONTO Bank Nova Scotia and Mercantile Bank of Canada today joined other banks in lifting the prime lending rate to seven per cent from per cent. The increases are effective Wednesday, and include Royal Bank of Canada, Canadian Im- perial Bank of Commerce, To- ronto Dominion Bank and Bank of British Columbia. Bank of Nova Scotia also an- nounced other changes similar to those being made by Toronto Dominion. Interest on non- chequing savings deposits will be increased one-haH of one per cent to five per cent, effective June 1, and interest on loans to small business borrowers of less than is being in- creased to 6% per cent from The Commerce and Royal banks kept the interest on small business loans unchanged at 6% per cent. They will raise the in- terest on savings deposits to 4% per cent from 4V4. Mercantile Bank -will also keep the small business rate un- changed at 6% per cent, but is increasing the savings deposit rate to five per cent in June. A spokesman said the Bank of Nova Scotia will continue its policy of according preferential treatment to industry, agricul- ture and commerce in the less developed parts of Canada. Gold futures WINNIPEG (CP) Gold fu- tures, U.S. funds, Winnipeg Commodity Exchange close Tuesday. Jly 73 _ 103.15B; Oct. 73 105.80B; Jan Apr 74 109.70B) Jly 74-111.73B. Monday's volume: Nil. New Shop opened today The third Betty Shop in Letih- bridge is opeing today at 712 4th Ave. S., formerly La Kay's Ladies Wear Ltd. Mrs. Ann Nelson, formerly of La Kay's is the new manager- ess. The other Betty stores In Lethbridge are located in Cen- tre Village and College Mall. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was up 3-50 at 3-50. Pound sterling down 17-20 at 1-20. In New York, the Canadian dcllar was down 3-50 at 47- 50. Pound sterling down 1 at 9-10. CORRECTION The following heading which ran in yesterday's Herald for National Dept. Stores Should Have Read as Follows National Department Stores 26th ANNIVERSARY New York stocks (Supplied By Richartfson Securities ot Canada) Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper 96.871A Golds 301.05 sff 91 371? 10 Base 97.31 off .54 IS W Oils 223.97 up .11 Volume YORK AVERAGES Elec 30 Indust 914.06 off 3.38 24.35 U.S. 31.50 20 Rails 177.62 up .20 28.371A Gen Tel Elec 28.8714 15 Utilities 107.59 up .20 TORONTO AVERAGES 65 Stocks 285.67 off .48 sears 19.00 X-Ron 29.00 Texas Gulf Texas Co Wickes Corp 17762Vi Wcolworth Ward ii.87'A 20 Induit 208.71 up .01 For the best in sanitation equipment! Kleen Limited has the widest range of industrial sanitation equip- ment in Alberta. You can buy, rent or lease anything you need: from parking lot and warehouse sweepers to all-purpose floor maintairiers that will scrub, polish, buff, shampoo, disc-sand or grind concrete. As well as everything for complete carpet care vacuums, ers, and upholstery cleaning equipment. Kleen services what it sells. As exclusive dealers for Clarke, the world's largest floor maintenance equipment manufacturer, warranty service is provided in our shop by factory-trained personnel. Call us: KLEEN 13 Limited LETHBRIDGE: 236 126 St. North Ph. 328-6073 ALSO IN: Calgary Edmonton Red Deer VERNON DAWSON CREEK GRANDE PRAIRII ;