Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
Godaddyseal image
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 18

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 34

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives

googlemap

Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - May 22, 1973, Lethbridge, Alberta 18 THE LETHBRIDGE HERALD Tuetday, May 22, 1973 Market prices record decline TORONTO (CP) Prices oa tho Toronto stock market moved sharply lower in moder- ate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, fell 1.31 to 202.86, base metals .97 to 94.04 and western oils 8.85 to 200.50. Golds, however, rose .44 to 30235. Volume by 11 am.. 000 shares compared with 000 at the same time Friday. Declines outnumbered ad- it nces, 267 to 59, while 161 is- sues were unchanged. Food processing and paper and forest were the only market s u b-groups showing gains. U.S. may Chemical, general manufac- turing, real estate and indus- trial mining stocks were lower. Home Oil A fell 2% to Faiconbridge Nickel to Bow Valley 1% to Husky Oil to and Pacific Pete to Chysler rose lsi to MacMSllan Bloedel 7s to and Stelco Vs to was off to Sherritt Gordon 2s to and Orchan 35 cents to Camflo gained to and Quebec Sturgeon 21 cents to Ranger was down 1 to S251z and Numac 1 to Asamera gamed 90 cents to MONTREAL (CP) All sec- tors except banks declined in moderate trading on the Mon- treal slock market today. Combined volume on the Mon- treal and Canadian stock ex- i changes at II' a.m. was 459.000 shares, compared with 274.300 Gilt SclS shares at the sarns time Fri- t day. i Industrials fell 1.87 to 217.15, composite 1.35 to 207.67, UJ. utilities .41 to 14S 23 and papers .32 to 106.73 while banks ad- WASHINGTOX (AP) The vanced .38 to 252.93. On the Montreal Stock Ex- change, Texaco Canada d'-cpped 3 to Ashland Oil to S10V4. Du Pont Canada I5s to and MICC In- Gasoline Prices in Major Cities 1972 Vancouver Edmonton Winnipeg Toronto Montresi Long-term basis suggested for rapeseed marketing BED DEER (CP) Cana- dian producers should begin marketing their products on a long-term basis and a rapeseed marketing policy should be de- signed to take foreign markets into account, officials of the Rapeseed Association of Can- ada suggest. Farmers not hurt by tariff cuts OTTAWA (CP) There still Is no evidence that tariff cuts announced in the Feb. 19 budget have hurt domestic farmers and ranchers, Agriculture Minister Eugene Whelan says. But he reiterates that if that evidence does appear, the gov- ernment can slap protective walls back up as quickly as it removed them. Beef and pork, as well as a range of horticultural products, were allowed into the country either at reduced tariffs or free following the budget and farm- ers complained that resulting Going up Gasoline prices vary from city to city but they have one thing in are going up. The oil company's wholesale price varies from 19.1 cents a gallon in Montreal to 22.3 in Halifax and dealer margin six cents in Montreal and ll.o cents m Vancouver. The provincial tax is on cents-per-gallon basis, ranging frcm 15 cents in B.C. and Alberta to 21 cents in Nova Scotia, while the federal tax ranges from 2.2 csnts a gallon and 2.6 cents and is related to the wholesale price. Prices in the graph ere at the end of 1972 for regular-grade gasoline at service stations operated for the major companies. Dollar Value MONTREAL (CP) U.S. dollar in terms cf Canadian funds at noon today was un- changed at 2-25. Pound sterling ip 11-50 at 8-25. In New York, the Canadian dollar was unchanged at 23-25. Pound sterling p 11-50 at 3-25. United States government is j leaning toward requiring gaso- line allocation this summer to prevent severe some areas. shortages in According to treason- depart- j vestments 1M: to while Livestock repori JJL Caigary livestock CALGARY (CP) Receipts change. Calipsr Development gary public stockyards show was up three cents to 31 cents sales of 525 head, mostly on shares. NEW YORK (AP) The would ask major oil companies M8ssey.Ferguson to TO LrnXkrv rho.iv- unaiMliorcuH __ _ to keep their unaffiliated cus- omers supplied with oil and gasoline. According to treasury offi- cials, spot shortages already are developing in several states, particularly in the Mid- west. Complaints to the interim- department's oil and gas office are increasing, they said. The treasury plans public learings soon on a mandatory allocation system. Simon said the hearings, tentatively sched- uled June 11, should determine whether a mandatory system is necessary. stock market opened ivith a strong upward burst today, then quickly slipped back into its sinking pattern of recent ses- sions. Trie noon Dcnv Jones average of 30 industrials stood at 889.15, up 2.64 for the day but flown from a surge of about 13 points in the first half-hour of trading. Advances clung to an 852-to-411 lead over those declining in moderate trading on the New York Stock Exchange. Among Canadian issues, A1- czn was up 31 to Cana- dian Pacific 5a to and S17. Dome "Mines was off to j and Inco >8 ment sources, the admims-! Credi: Fonder rose 1s s to tration has all but decided to I ?1157s. require major oil companies to j Qn the Canadian Stock Ex-' to 11 a m today from the Cal- take action to assure adequate .1 supplies to all areas of the country and for such priority sectors as national security. A mandatory plan under de- velopment basically would per- mit the government to take up to 10 per cent of the gasoline supply for allocation throughout the country, officials said. Deputy treasury secretary Simon said Saturday that while a mandatory system 5s possible, he is optimistic a voluntary plan announced two ago will work during the tight supply situation this sum- mer. But other officials said a com- bination of the two approaches probably will be followed this summer. The voluntary plan 'steers and Trade strong and active a broad demand. Slaughter staers sold a full SI higher. Good holstein stesrs 40 to 43.25. Heifers sold a full 75 cents higher. CTA-S sold sharp- vdth heifery Hog sale EDMONTON (CP) Aver- age prices to 11 a m. today provided by the Albsrta Hog Producers Marketing Board. Edmonton: 43.40 average Fri- day 44.82. Red Deer: 43 60 average Fri- day 45.10. COLUMBIA BREWING COMPANY ITD. CRESTON, B.C. DIVIDEND NO. 61 NOTICE is hereby given -that a quarterly dividend of five cents 05c) per share on the outstanding common shares of the company has been de- clared payable June 15, 1973, to shareholders on re- cord June 1, 1973. By Order of the Board H. J. LeMOIGNE, Secretary-Treasurer CalgEry: 4345 dav 44 77 ing to 37. Steers Al and 2 45 to 45 A3 44 to 45. Heifers Al and 2 43 to 43.80, A3 41.75 to 42.75. Cows Dl and 2 34 to 35.70, D3 32 to 33 50, D4 28 to 31 50. Rep1-acement cattle were mainly steers in the 850 to 000 pound weight range, selling at strong prices. Insufficient stock calves were on offer to establish a Good feeder steers 750 pounds and up 42 to 46.50, 576 to 750 pounds 45 to 49.25. Good feeder heifers over 600 pounds 38 to 40. Good feeder cows 23 to 33 50. Hogs baseprice 43.45. Preliminary slaughter figures for week ending May 19: Al- berta hogs beef Canada hogs beef 024. Macieod Livestock FORT MACLEOD On offer Choice steers 44.10-44.50; me- dium steers 43.40-43.90; choice heifers 40 good cov.-s 34-35.40; medium cows 32-33.30; a.m. Quotes) bologna bulls 37 80-39.50 Good short keep feeder sieers pounds) 44.70- 44 90; good steers (650 to 750 pounds) 47-4950, good green steers (450-550 pounds'1 4925- 52.25. Good heifer (600-800 Jbs.) Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig Limited) increases in imports threatened then- industry. A three-cent-a-pound import tariff on beef was dropped as was a five-cent-a-pound tariff on pork. U.S. tariffs on Canadian beef remain and the Canadian Cat- tlemen's Association has com- plained that this one-way free trade could adversely affect ex- ports to the U.S. CAN HURT James McAnsh, the associa- tion's executive director, said during a local television inter- view that Japan is "by far the largest single customer" for Canadian rapeseed "This current crop year expect to sell them 25 million bushels of Canadian rapeseed and this is 12 times what we were selling them 10 to 12 years ago." John Banfield, the associa- tion's president, said during the same television program that producers should stop marketing their products on a year-to-year basis. "This is a that we've been guilty of in Canada for all too long particularly in our agricultural said. "We've been prone planning on a year-to-year _ba- sis, not on a long-term basis." Mr. Banfield pointed to agri- cultural forecasting "that is clone in a rush to get out infor- he to And while the tariff cuts on mmtion to producers before LAST BID OR SALE a.m. Quolw) UVBO a.m. Girotts) 42.50-44.50; green heifers (450- 550 pounds) 45-46.25. WESTERN OILS AMD MMES sm Oils 1 05 7 40 Cyanus B 775 VANCOUVER Falcon Copper 1250 MINES Frm Merch Trust 5 75 Afto-i Gas Alminex average Fri- at Fort Macieod Auction Mar- Lethbridge: No sales today I or Friday. i Total hogs sold to 11 a.m. 227. Total hogs sold Friday 328. Average 44 88. Sows aver- age 33.55. ket last week were 914 head of cattle and calves. Good demand for all slaugh- ter cattle, with most of the fat steers going back to feeder orders. Cows and bulls remain- ed steady. "PURCHASING FREEHOLD MINERAL RIGHTS Reply to Box No. 110, Lethbridge Herald Tax burden eased on ratepayers NATAL (HNS) Taxpayers in the Fernie school district will, providing their assessment values have not increased, pay slightly less this year m the form of school taxes. When the school board met recently it set the school tax mill rate at 30.35, a hundredth of a mill less than the provin- cial average. The tax is applied to 100 per cent of the value of all taxable land and 75 per cent on all taxable improvements. Total school budget is 454, but provincial government grants will bring the amount down to Because cf its high assess- ment, the rural area will pay the largest portion, ,824. Fernie will pay Spar- wood, and Elkford, AsMsnd Oil P P. Canada Erenda Mines Cda Southern Con Export Gas Cdn. Homestead Cc.n Ird Gas Cdn Long Cdn Superior Charter Oils Chieftan DoTie Fete Fo-t Ret ante Granisle Plain1! Gr Cdn Oil Sands Loch el Explor Lytttn Minerals Nofcle Mires No-ill Cdi O Is Numac Pncdn Pete Pen Ocecn Petrel Pinr.ude Plao Cas Pcrdsr Oil Scurry Raintcw 6 05 'I 00 10 50 enstar Home Oil A Home Oil B Hudson Bay Co. 1412': Hudson Bay Oil 5 10 Hud Bay A Pfd 3 75 Hugh Russell C 3 00 Husky Oil 6 00 Husky Oil B 7Vi Husky Oil D War 18 Husky Oil E War 40 50 Hvs nf Caraoa J00 Inter Prov Pipe 03 Inter Steel Pipe 27 oo Kaiser Res. S 10 Loblaw 2 40 C .30''2 Magnascnics 1 BO Pacific Pete 5 00 Pac West Air 28 CO Pe ben Oilfield 8 4S Rainier Inc. 1.90 Royal Trust 1 .to St Maurice Cap 1 18 Sandwcll 6 30 Teledyne 13 00 West Cdn Seed 1' 00 Wcstfield Mln 11 W. Min War West A pfd Whitepass Yukon 14 75 PIPELINE STOCKS 1362' 7000 2000 7.40 Atlas Explor .46 ;s C3 Bath Norse .75 :i 00 Croyden