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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 28, 1973, Lethbridge, Alberta Market prices sharply higher TORONTO (CP) Prices on the Toronto stock market were sharply higher in light mid- morning trading today. The industrial index, consid- ered the major indicator of irarket trend, rose 1.04 to and Northgage 15 cents to Chieftain was up to and Canada Northwest 55 cents to. Pinnacle fell one cent to 23 Vz cents. MONTREAL (CP) Prices 230.53, base metals .15 to 95.89 were up in all sectors except and western oils 1.35 to 217.02. utilities in light trading on the j Montreal stock market today. i Combined volume on the Mon- Golds. however, fell .02 to 272.82'. Volume by 11 a.m. was and Canadian stock ex- 000 shares compared with 1.17 changes at 11 a.m. was 187.900 million at the same time Fri-1 shares, compared with day. shares at the same time Fri- Advances more than doubled day. declines, 128 to 56, while 173 is- j Papers advanced 1.17 to sues were unchanged. Communication, paper 1 112.72, banks 1.08 to 257.77, in- and dustrials 1.02 to 228.80 and the forest, pipeline and oil refining composite .72 to while Farmers net income increases OTTAWA (CP) Farmers had a realized net income of billion last year, up 43 per cent from the billion of 1971, Statistics Canada re- ports. Figures by province are: Prince Edward Island, to million from million; Nova Scotia, to million from million; New Brunswick, to million from mil- lion; Quebec, to million from million; Ontario to million from million; Manitoba, to million from million; Saskatchewan, to million from million; Alberta, to million from ?284 million; British Columbia, to mil- lion from million. No statistics were available for Newfoundland, which is not included in the totals. Realized net farm income does not include the value of changes in inventory. "Total net farm income" including inventory changes rose to billion last year from billion in i'.971. dies at 59 issues were among gaming utilities declined .43 to 151.17. market sectors while trust and On the Montreal Stock Ex- loan stocks were lower. I change. Systems Dimensions Texaco rose 1 to Consoli- gained 1% to Texaco Can- dated Bathurst 1 to Price j ada 1 to S60. Consolidated Bath- i j to Anglo-Canadian urst Tfe to and Gulf Oil J to and Laidlaw Motorways V2 j Canada to while Andres to i Wines dropped 2 to j y Preston gamed '-i to j On the Canadian Stock fimi lieOU Pacific Copper 15 cents to change. Consolidated Daering j and Pamour 15 cents to j was off one cent to 28 cents on j Camflo slipped 30 cents to 10.000 shares. i j Miscellaneous quotation? Vancouver, Calgary, Montreal (Supplied by Dobeity. McCaaig Limited; LAST BID OR SALE i Ml Quotes) a.m. Quotes} WESTERN OILS Cygnus 7.75 VANCOUVER AND MINES Cygnus B 7.75 MINES Albany Ols 1.1S Falcon Copper Afton 7.40 Alia East Gas 7.SO F and M Trust 6.37V2 Alias Expiw .-17 Alminex 6.10 Genstar 16.50 Bath Norse .72 39.75 Croyden 35.50 Dankoe 43.00 Dolly Varden Equiterial Re 43.50 Lcrnex 8.75 Primer .13 Pyramid Silver Standard .69 valicy Copper INDUSTRIALS Col Brew 2.85 Key Indust .29 Wardair 2.40 OILS Prp Expior 1.25 Ashland BP Canada Brenda Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas OH Cdn Long Is Cdn Super Charier Oils Chieftan Dome Dynasty Fort Reliance Giant AAascot Granisle Gt Plains Gt Cdn Oil S Lochiel i-ytton Min Noble Mine? North Cdn Oils Mumac Pancdn Pete Pan Ocean Petrol 1.1S 7.EO 6.10 10.CO 11.25 If. DO S.55 J.05 3.45 6.65 J0.25 6.80 8.40 4.75 9.50 12.50 3.05 29.50 1H.50 J9 25 1025 7.00 1.0.< 6.00 5.00 Place Gas Ponder Ranger Scurry Rain Selbens Soooner Total Ulster V.'est Pete W. Decalta MISCELLANEOUS INDUSTRIES Acre.' Ltd 14.1? Aquataine 22.75 SC Sugar Pfd 14.50 Block Bros 2.80 Cdn Brew A 16.12 Cdn Slew 5 32.75 Cdn Pacific inv 27.25 Crestbrook Ind 7.50 Crcwsnest Inti 29.50 Cygnus Cygnus B Falcon Copper F and M Trust Genstar Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil 7.37V3 Husky B Pfd .15 Husky D War 44.75 Husky E Wsr '.00 Hys of Canada 11.00 Prov Pipe 32.00 Inler Prov Steel 8.20 Kaiser Res .28 Lobla-.v C Pfd 2.90 M-aonasonlcs Pacific Pete 28.50 P W Air 8.25 Pe-Ben CBSield 2.20 Royal Trust ".50 st Maurice Cap .92 1.25 Sandwell 3.35 6.75 Teledyne '.05 V.'est Cdn Ser 5.75 14.37V; Westfield Min 1.06 12.75 Westfield War .04 1.17 Weston. A Pfd 61.50 .23V; White Yukon 14.75 .60 PIPE LINE STOCKS Alta Gat A 14.00 1575 Alta Gas pfd 70-50 Alta Nat Gas 19.50 'a Inland Nat Gas 10.50 N and C Gas 10.00 N and C 6 Pfd 22.25 Gsz Metro 4.50 Gaz Metro A 65.00 Trans Cda Pipe 36.00 Tr Cda A Pfd 67.00 Tr Cda B Pfd .41.75 Tr Cda War 7.50 WC Trans 18.37', WC Trans War 3.20 CALGARY KINGSTON. Ont. (CP Nor- man Donald McDonald. 59. who rose from junior clerk to be- icome president of the Empire I Lief Insurance Co. died in hos- pital Sunday. Mr. McDonald, a native of Toronto, joined the national company in 1930 at the age of 17 after attending business col- -Monday, May 28, 1973 THE LETHBRIOGE HERALD Major oil states open new talks GENEVA (Reutert Major; told reporters after the Vienna oi! producing states open a new meeting that the producer coun- round of negotiations with West- i tries might impose sanctions if ern oil companies here today the Geneva talks fail. He did not say what the sanc- tions might be, although observ- ers said one possibility was that over higher oil prices that will add millions of dollars to the cost of gasoline. j There were signs that in this j the OPEC countries would de- fourth session of talks-the first; cide unilaterally to raise oil three ended without success in Cairo, Vienna and the companies may make a new of- fer in a bid to end the current price dispute triggered by the I 10-per-cent devaluation of the United States dollar three months ago. j The powerful 11-nation Organ- ization of Petroleum Exoorting Countries which sup- 1 plies about 80 per cent of the Western world's crude oil needs, has demanded an 11.1- per-cent increase in posetd prices of crude oil to offset losses caused by the dollar de- valuation. The companies' last offer of about eight per cent was re- jected outright by OPEC's three-man ministerial negotiat- 1 ing team in Libya three weeks ago. Before an emergency meeting of the producer states at OPEC's Vienna headquarters Friday night, the companies de- clared their readiness to reach a negotiated settlement and this latest move suggested that a new initiative might be brought I forward today. OPEC Secretary-General Ab- derrahman Khene of Algeria prices. Oil sources in Vienna last night disclosed that the com- panies were understood to have softened on a few critical points, but. OPEC would not confirm that a new offer had formally been presented. This Summer Reiqx in the Son with an ACORN POOL Phone 328-3402 I..... -4J He came to Kingston, where the company is based, in 1936 as an assistant accountant and Clearing the debris If you're a man If you're a TALL man come to the stora that's got it ail the Mr. Bitj "n Tall Shop Suits and sports jackets, sizes 40-58 Tali shirts, neck sizes to 19, sleeves to 38 Big shirts, neck sizes 17 to 21, to 38 Shoes to 16'. most widths Extra long ties pluf underwear, pyjamas, socks, Mail orders promptly filled. Write for free catalogue, SHOP (AUTA) LTD. Lene 8th Ave. Calgary W. Plains Pete .20 Ponderay Expior 1.05 Stampede Intl Res .88 MUTUAL FUNDS All Cdn Com 7.08 7.74 All Cdn Divid 7.65 8.36 All Cdn Vent A rnr Gr F AGF Special Cdn Invest F Col Mutual Cmnw Inter Cir.nw Lev Cmnw Vent Corp Invest 3.53 3.E6 5.37 3.90 2.60 5.00 5.48 5.48 6.01 14.91 16.38 3.79 4.16 7.21 7.92 6.07 4.67 Acroll Sarons Oils North Continental Western Warner .50 Corp Invest St F 4.94 5.42 Dreyfus F U.S. 11.16 12.S6 Great Pacific 4.49 4.91 Gr In Shares 3.63 3.9? Gr Equity 7.72 8.48 Invest Gr F 11.91 13.02 Invest Mutual 5.65 6.13 Mutual Ac 5.34 6.42 Mutual Gr F 3.44 3.79 Nat Res 7.52 8.22 N W Cdn 5.46 6.00 N W Gr 4.93 5.42 Principal Gr 4.25 4.67 Royfund 6.73 Temp Gr United Ac Universal Sav Univest A Lethbridge firerr.on cleans up the dsbris left after a fire Sunday at 638 8th St. 5. The fire is believed to have started in a chesterfield in a main-floor suite and spread into the walls and up to an apartment above. Firemen were able to bring the fire under superintendent and was ap- one-half hour. No injuries were reported. An -estimate of damage is not pointed comptroller to 1950 and i superintendent of agencies in yet 1951. He was elected to the board In 1960, became an executive vice-president in and was elected president in 1970. He is survived by his wife, j the former Evelyn Lockey of Toronto, and a daughter, Mrs. i Dar'.ene Check of Toronto. j Homer to open laboratory Alberta's agriculture minis-: a speaker at the special supper i will be available to farmers at ter June 7 will officially open in the E- Rancho Motor Hotel i the open house to enable them Agri Analysis, the most com-; following a session of guided j to hear Dr. Homer's talk. Livestock plete feed and soil testing la- tours during the boratbry in the province. 1 from a 'a.m. to 5 Dr. Hugh Horner will also be laboratory at 120 F N o r t h j cian to do field Grain prices Winnipeg grain open house j The laboratory features a 24- j p.m. in the j hour testing service, a techi-! service and Mayor Magrath Drive. j sampling, client consultation i A limited number of tickets and modern equipment. COMPANY Because of our huge expansion program we require Two Real Estate Safes Consultants We ore the largest real estate company in Canada. Our record is one sa.le every 44 minutes in one oF our 77 across We trade houses from coast-to-coast. We hova a monthly magazine showing OLT listings anywhere in Canada. If you are o self starter and wanl to join o company with better than average benefits. Cell JACK C. HIGGINS ot 328-7761 for an mterview. .37 Vanguard 10.30 5.07 5.57 7.64 8.40 5.82 6.39 6.32 6.M Toronto mines, industrial9 (Supplied By Richardson Securities of Canada) LAST BID OR SALE Quotes) MINES Acme .1-- Advocate Asb. 1.15 Akaitchn l.n Sralorne 2.35 Broulsn -'1 10.50 1.15 4.05 3.35 .10 1.15 6.10 3.7i 30.00 .04 Can. Land Canada Tung. Csssiar Central Pat. Chimo Ccn'.vest Cons. Rambler Coin Lake Cochencur Craigmont DicKenson Vnr.r< Donison Mines Deer Horn O'Eldona Dome Mines Donalda Discovery Mines Fast Malarlic Falconbridge Frohex First Giant Y.K. Bovis Grandur Holiincier Hudson Bay M-S Hydra Ex. Iron Bay ISO Jcliet Quebec Kerr Addifo.-i Key Anncon Labrador Lake Snore Langis Silvo. Madsen R.L Mslartic G.F Martin WcNeelv Midrirp A'.ocjul Nu Wesl Hnmcs New Atr-ona Calurnc-t V.'. Horse Cooper Noranda Northpate Norlex f.m. Osisko Pine Point Placer Dev. P.C. Exp. Quebec AAan Rayrock Rsdiore Ri'O Reman" Corp. Shsrritt Gordor Steep Rock Tc-k Corp. Texrmont Upper Canada Wcs'ern Mine? '.Vright v.'iilrcv Windfall (IT -.00 QuofMl j Calgary livestock i CALGARY (CP) Receipts i on the Calgary livestock mar- j ket to 11 a.m. today totalled j 200 head; mostly steers. Trade i was active. Slaughter steers were high- er. heifers were scarce and j steady for quality: cows were j mainly lower grades with prices steady; bulls were! scarce and fully steady. Al. A2 steers 46 to 47.10. A3 to 46. Al. A2 heifers 43 to oilseeds ail'were at the 10-cent .22 20.75 26.50 2.P5 .10V 1.25 roc 6.90 15.50 1.56 3.S5 .23 1.75 3.05 Hargreaves 1.37 l.OS .13 86.00 .36 1.21 3.JS 69.50 .22 .39 7.70 2.-'.5 3.15 JO 21.00 .30 2.75 Yollov.'knife Bear Zenmar. INDUSTRIAL: Atitibi A'can Algoma Steel Afco Ind Atlantic Sugar Anra Ind Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Suaar Bow V.-il Ind CAE Ind Cdn B-s-.v Chpmcell Col Col Calnarv Power Cor'on Credit CiV.M. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler C.P R. .131; Cominco I.''1: Cons Bath 12.271; Cons Gas 9.00 Dist Seagrams Dom Bridge Domtar Dome Textile Dom Stores. Dome Pete Dofasco 10 .73 '3.20 .07 .96 1.10 ..'.1 SS.25 .27 50.00 5.60 .37 Cable Grt Cdn Oil Gen Motors Grt Lakes Pp C-ulf Oil Cda Greyhound Hawker Sid Hur S- Erie Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv C-rp A Int Util Ind Accept Kaps LaurenticJf Kelly Doug A Loeh Met Stores Massey Ferq McMillan Sloe Moore Corp Molsons A B North Cen; 19.62': Corp Rothmans S'. Law Corp Shell Cda Simpson's Simp Sears Steel of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Gas Union Oil United Siscoe Versatile Mttj V.'esteel Union Carh weston's B Woodvrard's A West Cdn Seed Zenith Elec BANKS Cdn Imp Montreal Nova Scotio Royal Tor-Dom 3.4) 10.25 38.CO 16.00 6.00 10.12' 16.37'.'? 70.00 29.50 9 SO 3.25 1.60 10.50 li.75 4.05 17.25 29.62'-': 17.25 70.10 15.50 37.87'-- 33.50 31.25 25.75 14.871-i 6.15 69.00 21.50 34.50 18.87'i 27.50 51.50 40.00 29.00 29.50 24.75 10.00 23.75 17 50 7.75 11.50 7.25 6.00 22.00 20.87I-; 28.25 49.25 2J.75 2-1.25 10.00 12.00 11.50 19.25 17.25 9 12.S7V: 30.50 14.50 17.00 10.75 !4.00 8.05 6.75 13.75 16.25 21.25 25.62V: 5.75 2.70 29.621-: 16.621.3 31.50 34.CO 32.50 WINNIPEG Feed grain prices continued to gain strength in light trading at mid- i session today on the Winnipeg Commodity Exchange. j Rye was up at the 10-cent trading limit, barley was about seven to 10 cents higher and oats was UD four to six cents. 44, A3 41.75 to 42.75. Dl, D2 cows 34 to 35.50, D3 32 to 33.75. D4 28 to 31.50. Good bulls 38 to 40.60. Replacement cattle were mainly flashy, short keep steers weighing 850 to limit, but with very light trad- ing- Friday's volume of trade was 595.000 bushels of flax, 1.547.- 000 of rapeseed and 2.070.000 of 1.000 i pounds and selling steady. In-j Mid-session prices: sufficient stock calves were of-i Flax; May 10 higher MONTE CARLO N6FE 5.90B: fered to establish quoies. Good i July !0 higher Oct. feeder more than 850 pounds 42 to 46.70. Good feeder heifers more than 600 pounds 40 to 46.50. Hogs base price 42. Hog sale EDMONTON (CPt Aver- age prices to 11 a.m. today provided by the Alberta Hog Producer Marketing Board: Edmonton: 42.60. average Friday 42.15. Red Deer: 42.00. average Friday 42.52. Calgary: 42.00, a v e r a gc Friday 41.78. Letnbridge: N average Friday 4i.55. Total hogs sold to 11 a.m., 2.410, total" sold Friday average 42.19. average 31.75. 10 higher 5.38B; Nov. 10 high er 5.28B. Rapeseed Vancouver: June 10 higher 4.27 Sep. 10 high- er 4.27 Nov. 10 higher 4.17 3-4B; Jan. 10 higher 4.09 Rapeseed Thunder Bay: May 10 higher 4.21B: July 10 high- er 4.16B: Oct. 10 higher 4.04B: Nov. 10 higher 3.97B. Oats: May 3 J-s higher 1.27 "XB; July 4 higher Oct. 5 higher 1.28 Dec. 6 '-2 higher 1.26 Barley: May fi ss higher 1.82 July 7 T-s higher 1.93A: Oct. 10 higher 1.86 MtB; Dec. 7 -4. higher 1.81. Rye: May 10 higher 1.94 July 10 higher 1.96 %B: Oct.. 10 higher 2.00 %B; Dec. 10 higher CORRECTION' Canada Safeway Ltd. The Following Item which appeared in Saturday's Herald should have read follows FRYING CHICKEN 55" York stocks d By Ricftartfson SrcnriHes of CanXlt) The New York stock market 20 Golds 273.59 up 75 is closed today. 10 Base Metals 96.76 up 1.02 TORONTO AVERAGES 15 Western Oils 218.91 up 3-24 20 Industrials 211.27 up 1.78 Volume 823.000 "PURCHASING FREEHOLD MINERAL RIGHTS Reply to Box No. 110, Lethbridge Herald L 201 535 SWEET ;