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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 23, 1974, Lethbridge, Alberta TSE prices mixed in light trading TORONTO Prices m the Toronto stock market were mixed in light mid- norning trading today. The industrial index rose .15 162.60 and .western oils .55 to 176.50. Golds fell 12.5 to 140.61 and base metals .74 to 78.60. Volume by lla.m. was JQO compared with at the same time Wednesday. Declines outnumbered ad- vances 163 to 72 with 201 issues unchanged. Imperial Oil A lost to Moffat Communications A Vi to Bow Valley Vt to Grafton Group to and IAC to Dome Pete rose to Bell Canada to Kaiser 15 cents to and Alberta Natural Gas V4 to Campbell Red Lake fell 1 to Pamour to Camflo to and Dickenson Vi to Hudson Bay Mining gained to Sunningdale was down to Pan Ocean to and Houston five cents to Coseka Resources was up eight cents to Market trends MONTREAL Prices were lower in light trading on the Montreal Stock Exchange today. Industrials fell .59 to 190.02. the lomposite .44 to 182.80. banks .27 to and utilities .02 to 126.31 while lapers rose .10 to 114.59. Calgary Power fell 1 16 Jollinger to Husky Oil to and C.A.E. Industries to vhile Power Corp. rose 'i to Among .speculative Imperial Minerals rose 2 to S15'z on a volume of shares raded. VANCOUVER Prices were nixed Wednesday in light trading on he Vancouver Stock 'olume was 1.307.779 shares. On the industrials board. Labatt was t on 35.000 shares. Key Industries ose .01 to .11 on 10.000 shares. Janterra fell .05 to .48 on 9.000 shares. l.C. Sugar fell .50 to on 4.200 hares. lonard was unchanged at .60 nd Block Brothers was down .05 at .t20. In the mines. Consolidated Fortune Channel rose .08 to .32 on a turnover of 06.500 shares. Sonesta rose .04 to .32 n shares. Henrietta was down a all cent at .27 on 27.000 shares. Silver rose .09 to S1.77 on 26.400 hares. Coralta rose .15 to SI.15 and Silly Goat was down .03 at .20. Most active issue in the oils was 'oynex. up was down .09 at .60 on 8.000 hares. Vargas fell half a cent to 09 on .500 shares. Payette was up .01 al .19 n 5.000 shares. Stampede fell .04 to .60 and Canadian Hydrogas.was unchanged at Prices were down in light trading today on the Vancouver Slock Exchange. Volume to 8 a.m. was shares. In the Athabasca was unchanged at S1.65 on 1.300 shares. In the mines. Anglo Bomarc was unchanged at .59 on shares. In the Vargas was down one cent at .08 on 2.500 shares. NEW YORK Stock prices were mixed today as bargain hunters helped bring at least a temporary halt to the market's recent slide. The a.m. Dow Jones average of 30 industrials was up 2.58 at although declining issues maintained about live-lo-three lead over those advancing on the New York Stock Ex- change. Trading was moderately active. Matsushita the Japanese company which makes Panasonic was the most active issue on the NYSE. rising to S15Ve. Superscope advanced to Copper and silver issues declined as prices of the metals dropped in world markets. Among the coppers. Kennecotl was down i al S31. Phelps Dodge to .Anaconda 'i at S23. and Continental Copper-Steel to Among Canaidan issues. Dome Mines lell three and one-hall' dollars to S153. Hudson Bay Inco to S27-V Canadian Pacific gained at S1411 and Alcan was unchanged al Livestock Calgary Hereipts to 11 a.m. today from the Calgary Public Stockyards totalled 967 mostly slaughter steers and light-weight heifers. Trade was moderately active. Slaughter steers sold at fully steady prices witli -iomu steers selling to S4M.HO. Slaughter heifers were mostly under 750 pounds. Trade was dull at prices 50 cenls lower. The beef premium was included in steer and heilcr prices. All grades of sold mining. Hulls were generally steady. Steers. Al. 49-50.40. 47-49. Heifers. Al 44-45. 42-44. Cows. 20-30. 22- l-Veder cattle traded al about steady feeder steers more than 750 45-4H.50 Good feeder heifers more than 551 38-42.50. Hogs tub to It 35. Hog prices EDMONTON Average prices to 11 a.m. provides by the Alberta Hog Producers Marketing Hoard. 35.00 Rod 35.00 Grande nil nil nil Kort nil Hogs sold to a.m. total- Wednesday. 1.585. average 34.90. Sows average 19.55. Winnipeg grain WINNIPEG Flax and rye prices posted while rapeseed lutures made small gains in lighl activity at mid-session today on the Winnipeg Commodity Exehangc. The one exception for the brighter rapeseed prices was the current month Thunder Bay. which eased I9'i cents a bushel. Mid-session May live lower July six lower 9.59A. Oct. seven lower Nov. live lower Dec. not open. Rapeseed June four higher Sept. i higher Nov four higher Jan. higher li.lfiB. Rapeseed Thunder May 19'i lower July three higher Oct. unchanged Nov. Unchanged 6.20A. Rye. May lower July 3'-j lower Oct. lower 2.38-1 Dec. 2'z lower 2.39'.2A. Export wheat prices. icw 13.5 pet protein 11.5 pet. 2cw 13.5 pet. 11.5 pet. 3cw 1 2 durum 3 durum 4 durum Cash prices 2 cw 3 cw ex 3 cw ex 1 feed 1 feed 2 feed 3 feed mixed feed a ton. 1 cw 6-row. 1 cw 2-row. 2 cw 1 feed 2 feed 3 feed 2.62'z. 1 4 ergoty 2.263.j. 1 cw 2 cw 3 cw 9.09. No. 1 cdn No. 2 Cdn e.BO'-j. Ot 1003 4th Avenue Lethbridge Telephone 326-4426 recessing 'erviccs If you can wait 3 days Make a Cash in on bargains galore from an inventory of millions of Shoppers Stoppers start May Simpsons-Sears The Herald- Business Stocks Miscellaneous Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Alton Mines 5.25 Albany Oil -35Vi Alia East Gas 4.60 Alminex 5.00 Asamera 8.25 Ashland Oil 8.00 BP Canada 12.25 Brenda Mines 4.90 Cda Southern 2.90 Cdn Export Gas 2.35 Cdn Homestead 3.35 Cdn Ind Gas 6.75 Cdn Long Island Cdn Superior 37.75 Chieftan Dev 6.75 Dome Pete 24.25 Dynasty 8.00 Ft. Reliance .21 Giant Mascot 1.19 Gibraltar Mines 9.25 Granisle 8.00 Great Plains 37.75 Grt Cdn Oil Lochiel Explor 1.31 Lytlon Minerals 1.61 Noble Mines .46 North Cdn Oil 3.55 Numac Oil 12.75 PanCdn Pete Pan Ocean Petrol 1.45 Pinnacle .25 Place Gas .32 Ponder .45 Ranger Oil 26.87 Vi Scurry Rain 26.25 Seibens Spooner .27 Total Pete Ulster Pete -95 United Canso 15.50 Westcoast Pete 3.80 West Decalta 5.25 MISCELLANEOUS INDUSTRIES Acres Ltd 7.00 Aquitaine 24.00 BC Sugar C Pfd 11.00 Block Bros 3.20 Cdn Pac Inv A Pfd 28.00 Carling A 18.50 Com Capital Corp 2.30 Crest Forest Ind 6.12Vi Crowsnest Ind 26.00 Falcon Copper F M Trust 4.75 Genstar 18.25 Home Oil A 31.75 Home Oil B 31.25 Hudson Bay Co 16.75 Hud Bay Oil 29.25 Hugh Russell C Ptd 63.25 Husky Oil 15.50 Husky B Pfd 35.00 Husky D War .69 Husky Oil E War 6.25 Inter Pipe War 3.10 Inter S P 14.00 Kaiser Res 4.10 Kaiser Res War 1.73 Loblaw C Pfd Magnasonics 2.20 Pacific Pete Pac West Air 6.75 Pe-Ben Oilfield 5.25 Rainer Inc 3.50. Royal Trust 22.50 Teledyne Trimac Canbra Foods westfield Min Weston A Pfd Whitepass Yukon 3.75 5.50 3.35 .95 50.00 7.25 PIPELINE STOCKS Alia Gas A 11.62V4 Aha Gas Pfd 55.00 Alta Nat Gas 17.75 Metro .5.50 Inland Nat Gas N C Gas N C B Pfd 20.00 Pac Gas Tr 9.50 Tr-Cda Pipe 30.50 Tr-Cda A Pfd 54.50 Tr-Cda B Pfd 30.50 Tr-Cda Pipe War 2.70 West Trans 19.62V4 West Tr War 2.30 CALGARY Acroll .37 Barons Oils .09 N. Continental .02 Western Warner .30 VANCOUVER MINES Balhurst Norsemines 1.18 Dankoe 2.35 Davenport .60 Dolly Varden Equitorial Res. Lornex 7.50 Northair Mines 2.05 Primer .05 Pyramid .06 Silver Standard 1.70 Valley Copper 7.00 INDUSTRIALS Key Industries .11 Wardair 1.65 OILS August Petroleum .33 Plains Pete. .10 Ponderay Explorations .76 Stampede Int'l Res .61 MUTUAL FUNDS All Cdn. Compound 5.36 5.83 All Cdn. Dividend 5.63 6.12 All Cdn. Ventures 2.98 3.24 Amer Growth Fund 4.16 4.57 A.G.F. Special 2.10 Cdn. Invest Fund 4.27 4.69 Collective Mutual 4.54 5.98 Eaton Comnwlth 5.31 Eaton Leverage- 2.88 Eaton Int'l Venture 2.73 Corp. Investors 5.38 5.91 Corp Invest Stock Fund 4.05 4.41 Dreyfus Fund U.S. 9.48 10.39 Great Pacific 4.15 4.53 Grouped In Shares 2.67 2.94 Growth Equity 5.84 6.42 Invest Growth Fund 10.25 11.32 Investors Mutual 4.99 5.45 Mutual Accum 5.34 5.87 Mutual Growth Fund 2.76 3.03 Nat. Resources 3.91 4.30 N.W. Cdn. 4.73 5.20 N.W. Growth 4.03 4.40 Principal Growth 3.60 3.96 Provident Mutual 6.51 7.11 Royfund 5.87 6.12 Templeton Growth 7.32 8.03 United Accum 3.94 4.33 Universal Savings 7.06 7.77 Univest 5.43 5.96 Vanguard 5.34 5.85 Toronto industrials by Richardson Securities of MINES Acme .10 Advocate Asb. 1.05 Akaitcho 1.35 Bralorne 1.40 Broulan .51 Bethlehem 11.25 Bovis 1.42 Brunswick 4.10 Can. NW Land 4.75 Canada Tung. 3.60 Cassiar 7.00 Central Pat. .83 Chimo 1.05 Conwest 3.50 Cons. Rambler 2.45 Coin Lake .17 Cochenour 1.42 Craigmont 4.75 Dickenson Mines 7.00 Denison Mines 36.50 D'Eldon.a .37 Dome Mines 48.00 Discovery Mines 1.95 East Malartic 4.50 East Sullivan 2.55 Falconbridge 45.25 Frobex .19 First Maritimes .46 Giant Y.K. 13.00 Granduc 2.00 Hollinger 32.00 Hudson Bay 20.00 Hydra Ex. .65 Iron Bay 4.45 Iso 1.30 Joliet Quebec .23 Kerr Addison 10.50 Key Anacon .31 Labrador 31.25 Lake Shore 4.60 Langis Silver Madsen R.L. 1.75 Malartic G.F. 1.47 Martin McNeely .35 Macintyre 35.00 Meta .16 Midrim .13 Intern Mogul 7.50 Nu West Homes 6.75 New Athona .26 New Calumet .23 Noranda 39.75 Northgaie 5.00 Norlex .22 Pine Point 30.00 Placer Dev. Pax Exp. 1.40 Quebec Man .19 Rayrock 1.05 Radiore .24 Rio Algom 26.00 Roman Corp. 8.50 Sherntt Gordon 9.75 Steep Rock 1.65 Sunningdale 5.75 Tek Corp. A 3.15 Texmont .18 United Canso 15.50 Western Mines 2.80 WH Copper Mines 3.40 Wright Hargreaves 1.55 Willroy 1.76 Windfall .12 Yellowknife Bear 3.20 Zenmac .08 INDUSTRIALS ADitibr 10.50 Alcan 28.75 Algoma Steel Atco Ind 14.00 Jannock 6.25 Agra Ind Bell Tel Brascan A BC Tel 52.00 Burns BC Forest BC Sugar A Bow Valley Ind CAE Ind Carling O'Keefe Cherhcell Cdn Cellulose Cal Power Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Balhurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Can Oil Gen Motors Grt Lakes Paper Gulf Oil Greyhound Hawker Sid Hiram Walker Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Grp A IU Int'l Ind Accept Kaps Kel Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Peyto Rothmans Shell CDA Simpsons Simp Sears Steel can Selkirk A Texaco Trad Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg Westeel Westons Woodwards A Canbra Foods Zenith Elec Cam Imperial Montreal Nova Scotia Tor Dom BANKS 11.75 16.25 17.50 16.50 12.00 2.40 5.50 5.00 21.75 2.30 9.25 18.50 3.00 16.50 13.50 25.00 39.00 22.75 9.50 14.50 24.00 28.25 4.15 45.00 22.25 25.25 15.50 5.25 25.75 24.00 27.00 15.25 6.75 12.50 13.25 2.15 4.80 3.40 6.00 11.50 15.25 26.00 47.25 20.75 19.50 6.50 10.75 11.00 5.25 11.75 12.75 10.50 28.75 12.50 36.50 9.25 12.75 29.25 18.25 7.75 10.25 4.90 20.25 22.00 3.35 3.00 24.50 16.50 New York by Richardson Securities of Amr. Woolwortn Anaconda 23.00 Westinghouse Elec. Beth. Steel 29.75 U.S. Steel 40.50 Gen. Tel. Elec. Comsat 32.25 TORONTO AVERAGES Dupont 165.00 20 Industrials 182.61 up .16 General Motors 47.25 20 Golds 438.90 down 14.20 Gulf 20.00 10 Base Metals 78.39 down .95 Int. Harvester 15 Western Oils 176.40 up .45 Kenn. Copper 31.00 Volume 940.636 Montgomery Ward 22.75 NEW YORK AVERAGES Sears' 81.00 20 Industrials 802.56 Exxon 20 Rails 160.67 down .42 Texas Gulf 15 Utilities 74.16 up .25 Texas Co. 25.25 65 Stocks 243.27 down Wix Corporation Volume Logjam deluxe Thousands of cords of belonging to the The area has been hit for nhe past week by wide- Canadian International Paper are jammed against spread the Carillon Dam on the Ottawa River north of Montreal. Developers of oil sands must co-ordinate efforts CALGARY Oil sands developers must their efforts to provide a two-year interval between construction of J. E. Baugh. vice- president of Petrofina Canada said Wednesday. He told an Alberta Energy Resources Conservation Board hearing into the Athabasca Oil Sands Project headed by that the two-year interval was required to avoid conflict in the use of construction personnel. The five-member made up of Pacific Petroleums Hudson's Bay Oil and Gas Co. Murphy Oil Co. and Candel Oil proposes to begin operating its million plant in 1982. The located 38 miles north of Fort would produce barrels of synthetic crude oil and 832 long tons of sulphur each day. Development of the if approved by the would follow by two years the recently approved Shell Canada Ltd. plant..Great Canadian Oil Sands Ltd. now operates the only commercial plant in Alberta and Syncrude Canada Ltd. proposes to have a facility operating by 1979. Mr. Baugh said the Petrofina group has made no arrangements to establish an organization to conduct the project's operations. But there would be no immediate problem with financing due to markets for the crude from our and cash flows will be adequate to make the project economically He told the board it would cost an estimated million a year over the plant's 25-year period of operation for a total of more than billion. This included materials and payments to the administration and general expenses. loan new equipment for replacement or expansion and income tax was not included in the estimates. The AOP proposal calls for COPPER FIND REPORTED MOSCOW A huge copper ore deposit has been discovered above the Polar Tass reports. The which the news agency said is the largest in' the Soviet is located on the Taymyr north of the Asian part of the country. The copper ore contains only one per cent of impurities and lies close to the Tass said. No estimate of potential production was nor of prospects to begin mining in the forbidding permafrost area. a main plant with a series of satellite mine developments on adjacent leases which would support the main operation for 70 years. employed with slurry Conventional open-pit pipelines linking the satellite mining using four-bucket wheel excavators would be The hearing ends today. President steps down Chester 2515 5 Ave. has retired as president and general manager of Prebuilt Industries of Lethbridge. Mr. one of Canada's pioneers in the recreational vehicle and relocatable building started in the in 1944 with Lethbridge Body Works. Two people made up the entire staff of the infant industry in its square foot factory. Prebuilt has grown and now represents one of the largest manufacturing payrolls in Southern Alberta. While Mr. Merriman headed the it expanded several times and now occupies square feet of plant space and employs 330 people. In 1972. Prebuilt became a division of Glendale Corporation of a multi-plant Canadian manufacturer of mobile homes and recreational vehicles. Mr. Merriman will to serve as a director of while Dale O'Brien CROWDED QUARTERS A beehive may contain up to 30.000 bees. succeeds him as president and general manager of Prebuilt. WANTED 5-10 sections of good dryland in one block. A complete descrip- tion of property and terms will be appreci- ated. Write Box 57 Herald CAREERS Got Something to FOR FAST RESULTS Use Herald Classified Phone 328-4411 Bus Drivers Required By Brewster Transport Co. Alberta CALL 327-3258 LETHBRiDGE FIRST FOR ALBERTA PROFESSIONS WANTED CERAMIC TILE SETTER Phone Calgary Collect 271-4982 George J. C.A. The Institute of Chartered Accountants of Alberta an- nounces the appointment of George J. Eykelbosh as full-time practice adviser to assist Alberta's chartered accountants in maintaining and improving the high standards the public has come to expect of chartered accountants. This together with substantial changes in professional education and ncreased will provide the public with im- oroved auditing and taxation ser- vices by members of the profession. WANTED MACHINISTS and WELDERS to locate in the OKANAGAN VALLEY Write Box 45 Herald or Phone Area Code 604 545-2175 LIVESTOCK EQUIPMENT SPECIALIST The specialist will be responsible for sales and service of poultry and livestock equipment through direct customer contact. Preference will be given to persons with previous experience. A complete range of co-benefits will be provided. Apply R. OYKEN SOUTHERN ALBERTA CO-OP Phone 329-0017 ;