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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 30, 1973, Lethbridge, Alberta 24 THE LETHBRIDCE HERALD Wtdneidoy, Moy 30, 1973 Gold stocks soar; others on decline TORONTO (CP) The To- ronto stock market's gold index soared more than 13 points but other sectors neve sharply lower in moderate mid-morning trading today. Golds rose 15.6 to 295.91 as the price of gold on world mar- kets moved back to record highs. The industrial index, con- sidered the major indicator of market trend, fell 1.48 to 209.30, base metals .08 to 95.86 and western oils 2.34 to 214.31. Volume by 11 a.m. was 000 shares compared with 000 at the same time Tuesday. Declines outnumbered ad- vances 128 to 90, while 165 is- sues were unchanged. Bank, industrial mining, oil refining and miscelleanous Mines to 594, Campbell Red Lake to and East Ma- lartic 40 cents to Irwin Toy fell 2 to Dome Pete 1 to Chrysler to Mo ere ti and Im- perial to ?39ys. Stelco rose to Hudson Bay Mining and Smelting fell Vs to and Pine Point 1% to Pan Ocean slipped to and Canada Northwest 20 cents to Chieftain gained to MONTREAL (CP) All sec- tors declined in light trading on the Montreal stock market to- day. Combined volume on the Mon- treal and Canadian stock ex- stocks were among declining changes at 11 a.m. was Miscellaneous quotations 1 Vancouver, Calgary, Montreal (SippHed by Doherty. McCuaig Limited) LAST BID OR SALE a.m. GuetM) i.m. l.m. Quoits) CALOARY Col Brew 2.90 Corp In St F Acroll M Indust Dreyfus F U S Barom MVt WircHlr 2.35 tfLnr N .OJVi OILS GrMf Warner .35 Prp Explor 1.43 Gr In Stiaru VANCOUVER Plains Pete .22 Gr Equity MINES Pondeny Explor 1.00 Invest Gr F Afton 1M Stampede Intl Res .88 Invest Mutual Atlas .'S MUTUAL FUNDS Mutual Ac Bath Norst .74 All Cdn Com 7.05 7.70 Mutual Gr F Croydcn All Cdn Dlvld 7.62 8.33 Nat Re1: Dankoe 1.85 All Cdn Vent 3.55 3.M N W Cdn Davenport .4X Amr Gr F 5.25 5.87 N W Gr Dolly Varden .30 AGF Special 2.59 Principal Gr Equltwial Ret .17 Cdn Invest F 5.01 5.49 Royfund Lornex 1.75 Col Mutual 5.47 6.01 Temp Gr Primer -'3 Cmnw Inter H.w 14.34 Nnlted Ac Silver Standard .70 Cmnw Lev 3.78 4.15 Universal Sav Valley Copper Cmnw Vent 7.30 8.02 Unlvest INDUSTRIALS Corp Invest 6.70 Vanguard 4.M 5.43 11.16 12.23 4.56 4.91 3.62 3.99 7.78 8.54 12.20 13.34 5.78 6.32 5.68 6.47 3.43 3.78 7.60 831 5.49 6.53 4.95 5.44 4 30 4.72 6.56 6.77 9.40 10.27 J.04 5.54 7.70 8.46 3.W (M 6.35 6.96 Toronto mines, industrials (SoppUed By Richardson Secoritiei of Canrit) LAST BID OR SALE QuMM) n.m. Quoin) i.m. QuotMl market sectors while beverage, food processing and steel stocks were higher. Among gold issues, Camflo rose 45 cents to Dome TSE changes format on quotations TORONTO (CTM The To- ronto Stock Exchange an- nounced today changes in the format in which it presents stock quotations to newspapers. shares, compared with shares at the same time Tues- day. Industrials fell 2.57 to 227.04, the composite 202 to 215.52, utilities .76 to 150.79, banks .73 to 257.23 and papers .13 to 113.63. On the Montreal Stock Ex- change, Moore Corp. dropped 1V4 to Imperial Oil to i Canada IVs to and Falconbridge Nickel 1 I to while National Trust gained 1 to i On the Canadian Stock Ex- change, Baker Talc was up two cents to 59 cents on shares. The changes will Monday, June 4. be effective Quotations now made avilable by the TSE and tiansmitted by The Canadian Press, Canada's national news agency, to many daily newspapers in the country are in three dustrials, mines and oils. As of June 4. all companies listed by the TSE be car- ried in alphabetical order, re- gardless which category they were listed in previously. i The exchange said integration j of the list ''reflects a conitnuing I trend towards common stand-1 ards for all issues listed on the j exchange." Listing stocks under three categories had become "in- creasingly artificial and unwar- ranted. Separate listings of stocks by NEW YORK Stock market prices moved sharply lower today in response to negative economic news. The Dow Jones average of 30 industrials at noon was off 7.98 at 917.59, while declines out- numbered advances on the New York Stock Exchange by about eight-to-three. Among Canadian issues traded on the New York mar- ket, Canadian Pacific lost to Seagrams tt to and Inco S8 to Alcan was up to Mclntyre to and Dome Mines 3Vz to Cars banned NEW YORK (AP) Mayor John Lindsay ordered Tuesday that Central Park be closed to automobile traffic from 10 a.m. to 4 p.m. weekdays to benefit cyclists, strollers and sunba- thers. The park is closed to category had started in 1934. cars on Sunday. Notice The public is invited Jo meet with the City Council to discuss matters pertaining to Civic Affairs. Any pcuon interested in making statements to or asking questions of Council may appear at a Public Meeting to be held in the Council Chamber on Monday, June 4, at P.M. JOHN GERLA City Clerk MINES Acme Advocate Asb. Akailcho Bralorns Broulan Bethlehem Brunswick Can. N.W. Land Canada Tung. Casslar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Mines Deer Hern D'Eldona Dome Mines Donalda Discovery Mines East wulartic East Sullivan Falconbridge Frobex First Giant Y.K. Bovis Grand us Hollmger Osisko .12 Pine Point 1.20 Placer Dev. 1.25 P C. 2 20 Quebec Man .41 Rayrock Radiore 4 20 Rio Algom 6.40 Roman Corp. Sherritt Gordon Steep Rock Tek Corp. Texmont Upper Canada Western Mines Wright Hargreaves 1.27 WHIroy I.OeJ Yellowknlfe Beiar 3.40 Zenmac Loeb INDUSTRIALS Loblaw A 1 70 1025 1 10 1.35 (SOS 310 .23 1.30 t.iS 3.95 30.50 .06 .39 94.50 .36 1.21 X.I 5 2.45 .22 Glendala 29.00 Grl Cdn Oil 25 00 Gen Motors 2.95 Grt Lates Pp .lOVa Gulf Oil Cda 1.35 Greyhound Hawker Sid Hur Erie Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps Laurentide Kelly Doug A .27 24.75 6.90 15 50 1.55 S 75 .23 3.00 2.95 Abiflbl Akan Algoma Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel 67.12V; Brazil Trac 2012 B.C. Tel .36 Brazil Trac 670 B.C. TCI 2.20 Burns 3.15 B.C. Forest Lethbridge Herald INSURANCE AGENT An excellent opportunity for an experienced insurance agent has developed here in Lethbridge to represent Merit Insurance Company and the Sovereign Life Assur- ance Company. Both of these are wholly-owned subsidiaries of IAC Limited, one of Canada's largest financial organizations The successful candidate will sell all basic lines of insurance, including Auto, Fire, Life and Pensions. Some successful Life Insurance ex- perience is required, preferably including some LUATC studies. We offer on excellent salary, employee bene- fits, and comfortable working conditions. Interviews will be held on Friday, June 1st. For an appointment please MR. HARVEY KING, MANAGER, IAC LIMITED 327-8521 1 Livestock Calgary livestock CALGARY (CP) Receipts to 11 a.m. today from the Cal- gary public stockyards show sales of head, mostly heifers and cows. Trade was strong and active. Slaughter steers were scarce selling steady for quality with sales to 47.90. Heifers sold steady with light weight heif- ers discounted or more. Cows sold 50 cents higher with sales to 37. Bulls sold steady. Steers Al and 2 46.50 to 47.60, A3 45.25 to 46.25. Heifers Al and 2 43.25 to 44.20, A3 42 to 43. Cows Dl and 2 34.75 to 36, D3 32.50 to 34.50, D4 29 to 32. Good bulls 38 to 41. Replacement cattle were mostly short keep steers weigh- ing 800 to pounds and sell- ing at higher prices. Heifers sold steady. There were insuf- ficient stock calves to establish a market. Good feeder steers more than 800 pounds 44 to 49.40. Heifers 40 to 46.50. Hogs 43.10. Good spring lambs 37.50 and old crop larnbs 34. prces EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 43.10, average Tuesday 43.14. Calgary: 43.10, average Tuesday 43.47. Nil, average Tuesday 43.27. Fort Macleod: Nil, average TiKsday 43.10. Total hogs sold to 11 a.m. 315. aotal sold Tuesday average 32.90. 2% lower Dec. 5% lower 1.80. Rye: May 2% lower l.SSttB; July 3% lower Oct. 4V4 lower Dec. 5% lower Grain quotes Tuesday (basis High Low Close Flax May 605 Jly 595 Oct 559 548 554 Nov 548 540 541 Rapeseed Vancouver Jun 447% Sep 447% Nov 437% Jan 429is Rapeseed Thunder Bay May Jly Oct Nov Oats May Jly 139 Oct 123% Dec Barley May 205 Jly Oct Dec Rye May Jly Oct 195 194 196% 193% Dec 206-ls 210% 209Y4 180% 286% 190% 189'A 441 436 424 417 128% 129 128% 125% 195 196 187% 290% 195% Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Jly 46.20; Sep 45.20: Nov 44.40B; Jan 43.55B. Monday's volume: 10 con- tracts. Gold futures WINNIPEG (CP) Gold fu- tures, U.S. funds, Winnipeg Commodity Exchange close Tuesday. Jly 73 110.50; Oct 73 114.00; Jan 74 117.40; Apr 74 121.10A; Jly 74 124.00B. Monday's volume: 16 con- tracts. Dollar Value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 3- 50 at ?0.99 19-25. Pound sterling up 18-25 at 24-25. In New York, the Canadian dollar was up 3-50 at 6-25. Pound sterling up 4-5 at Sugar company shareholders okay merger MONTREAL (CP) _ share- holders of Atlantic Sugar Refi- neries Co. Ltd. approved at the company's annual meeting Alberta's wholesale trade up EDMONTON (CP) Whole- Sale trade in Alberta during the First two months of this year increased by an average of 19.6 per cent, says the Alberta sta- tistical review for April. The monthly report, pre- pared by the Alberta Bureau of Statistics, says total whole- sale trade for January and Feb- ruary was million com- pared with million during the first two months of the pre- vious year. Retail trade was estimated to have climbed in excess of 12 per cent. During January, re- tail trade was estimated at million and preliminary figures for February placed it at million. Wheat sales climbed by 32.9 per cent to million and barley was up 46.2 per cent to as total crop re- ceipts increased 73.8 per cent to Livestock and products in- creased by 25.8 per cent in the two month period to mil- lion. Cash receipts for hogs showed the greatest single im- provement by climing 57.6 per cent to million. Receipts for cattle and calves increased by 18.8 per cent to million. During January, crude oil sales brought a total of million, up 32.8 per cent from the previous year as production increased by 19.8 per cent. Nat- ural gas production increased by 14.1 per cent while the value of sales increased 14.2 per cent to million. Sulphur production increased by 50.7 per cent to long tons in January. Total sales ran to long tons worth million. the proposed amalgamation at the Glengair Group Ltd. of To- ronto and Atlantic Sugar. The amalgamated company la to be called Jannocfe Corp. Ltd. and is to be in Toronto. The shareholders approved the terms of the proposed share-exchange arrangements. Common shares of Atlantic win be converted into common shares of Jannock on ooe-for- one basis. Glengair shareholders will meet today in Toronto to vote on the approval of the amalga- mation. It has been proposed that four common Glengair shares be exchanged for one Jannock share. Glengair currently owru 62 per cent of Atlantic Sugar. W. J. R. Paton, president of Atlantic Sugar, will be chair- man of Jannock and J. Howard Hawks, chairman and president of Glengair, will be president of the new company. Glengair is a fully-diversified corporation active in construc- tion materials, electrical and other products. Atlantic Sgar and Glengair shares are traded both on the Toronto and Montreal stock ex- changes. Glengair closed at up five cents, on the Mon- treal exchange Monday. Atlan- tic Sugar, which did not trade Monday, closed Friday at a share in Montreal. Simpsons raises service charge TORONTO (CP) _ Simpsons Ltd. has advised credit card holders that the service charge will be increased Aug. 1 to 1.6 per cent of the previous month's balance. The charge now is 1.5 per cent on accounts of less than L. A. Grant, general credit manager, said he estimates the increase will add a year to the average revolving credit ac- count balance of from Mr. Grant said higher admin- istrative costs and higher costs of money were factors in the raise. Royal Trust COMPANY Because of our huge expansion program we require Two Real Estate Sales Consultants We are the largest real eslafe company In Canada. Our record is one sole every 44 minutes in one of our 77 officei across Canada. We trade houses from coast-to-coast. We a monthly magazine showing our listings anywhere in Canada. If you are a self starter and want to Join n company with belter than average benefils. Coll JACK C. HIGCINS aT 328-7761 for an interview. Congratulations RAY'S RECORDLAND from TPC RECORDS DISTRIBUTORS OF QUALITY A M G.R.T. RECORDS Name restored TALLAHASSEE, Fla. (AP) The name Cape Canaveral was restored Tuesday to the point of land in Florida known as Cape Kennedy since 1963. Gov. Reu- ben Askew signed into Jaw a l changing the name back. The bill's sponsors said no dis- respect to the memory of UM ate president was intended. Congratulations RAY'S RECORDLAND FROM UNITED ARTISTS RECORDS LTD. WILLOWDALE, ONT. and from the ELECTRIC LIGHT ORCHESTRA Presantly riding the Radio CJOC charts in Lethbridge with "Roll Over Bee- ;