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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 4, 1974, Lethbridge, Alberta LETHBRIDQE November Mining venture cancelled PARAMARIBO, Surinam (AP) Surinam decided Sun- day to cancel a joint venture with Reynolds Metals Co. for mining and processing bauxite deposits in the western region of the South American country. It said it will pay Reynolds about million in com- pensation for its share in Frassalco, the 50-50 joint ven- ture company handling the ex- ploration and processing of bauxite in the Bakhuys Moun- tains. Surinam said it called off the deal because Reynolds wants to export 10 million tons of raw ore annually, which is not included in the terms of the joint venture agreement. Government officials said Surinam will turn to other countries to explore and ex- ploit its bauxite reserves, used for making aluminum. Dept. store has first mini-bank EDMONTON (CP) "A believed to be the first branch of a chartered bank in a Canadian depart- ment store, has opened in a downtown Hudson's Bay store. "It's supposed to be some- thing new in said Sandy Dennis, who heads a five-member, all-female staff at the new Bank of Montreal branch. "We're geared mainly for personal business, but we will open commercial accounts." Mrs. Dennis said the bank was particularly aimed to serve Bay staff, people in the downtown area, senior citizens using the store and others who might not be able to reach a bank on weekdays. Unlike most banks in the downtown area, the depart- ment store branch will be pen Saturday. Keith McConnell, general merchandise manager, said the Bay may make similar ar- rangements at other stores. district bank debits lower TORONTO Debits to individual bank ac- counts for the month of September in Lethbridge and district amounted to million. The Canadian Bankers' Association has announced. These figures include all amounts debited by the banks to the ac- counts of customers, current, personal che- quing and savings, maintained in branches in 50 clearing house areas. IDB APPOINTMENT The India BanJt announces of A. K. Hoffman ap AssislJ5Ti1 Msriflcf-r of its offir? Prior 1o 1his ap Mr. Hoffman was a rrpdil. offircT in ihf Winnijvc offirc of IhrhanTt. A surwidiary tb" (A financ- ing by l-trm loans or by "quily investments to bnsinf.ws which iinahlf 1-o '.hljnn surh financial ussistaTict elm-. wb'-rc on rcasonablf- U'tms and conditions. The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doherty Limited WESTERN Oilfield AND Alton Albany Alta East Grp Asamera A BP Canada Brenda Yukon PIPELINE Cda Gas Trk Cdn Ex Gas Trk Cdn Nat Cdn Ind Gas Cdn Long Metro A Cdn Nat Chieftan C Dome C Gas B Nufort A Giant B Gibraltar Gt Cdn Oil Trans Lochiel Lytton North Cdn Numac Oil Pancdn Oil N. .01 Pan Ocean Warner Place Norsemines Ranger Oil Scurry .51 Seibens Spooner Total .21 Northair Mines 2.04 .06 Ulster Pete United Canso Westcoast Pete West 8.50 3.20 Silver Standard Valley Copper .90 5.00 Acres Aquitaine BC Sugar C Pfd Block Bros Canbra Foods Cdn Pac Inv A Pfd Cdn Pacific Inv Carling O'Keefe A Pfd Carling O'Keefe B Pfd Comm Cap Corp Crestbrook Ind Crowsnest Ind Falcon Copper F M Trust Co Genstar Home Oil A Home Oil B Hud Bay Co Hud Bay Oil Hud Bay Oil A Pfd Hugh Russell C Pfd Husky Oil Husky Oil B Pfd Husky Oil E War Interprov Pipe War Interprov Steel Pipe Kaiser Res Kaiser Res War Loblaw Co C Pfd Magnasonics Pacific 11.00 3.30 2.50 27.75 16.50 1.60 2.70 13.50 8.1 2V4 3.50 23.50 12.62'xi 24.75 27.00 57.00 15.12V4 32.00 4.65 2.60 13.00 4.55 1.90 22.00 1.65 Petroleum Plains Pete Stampede Int'l Res MUTUAL FUNDS All Cdn Compound All Cdn Dividend All Cdn Ventures Amer Growth Fund A.G.F. Special Cdn Investment Fund Eaton Commonwealth Eaton Leverage Eaton Int'l Venture Corp Investors Corp Invest Stock Fund Dreyfus Fund U.S. Grouped In Shares Growth Equity Invest Growth Fund Investors Mutual Mutual Accumulating Nat Resources N.W. Cdn N.W. Growth Principal Growth Royfund Templeton Growth United Accumulative Universal Savings .10 .55 4.92 5.09 2.20 3.77 1.87 3.87 11.18 2.56 4.38 5.06 3.74 8.42 2.51 5.18 9.52 4.59 4.99 3.51 4.16 3.51 3.27 5.01 6.12 3.59 6.59 3.88 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme .07 Advocate Asb. 1.18 Akaitcho 2.00 Bralorne 1.03 Broulan Bethlehem 10.00 Bovis 1.05 Brunswick 4.60 Can. NW Land 3.35 Canada Tung. 3.35 Cassiar 3.75 Central Pat. .79 Chimo .92 Conwest 2.55 Cons. Rambler 2.75 Coin Lake .17 Cochenour 1.35 Craigmont 3.75 Dickenson Mines 7.75 Denison Mines 38.50 D'Eldona .28 Dome Mines 55.50 Discovery Mines 1.40 East Malartic 4.70 East Sullivan 2.00 Falconbridge 30.25 Frobex .13 First Maritimes .44 Giant Y.K. Granduc 1.65 Hollinger A 23.50 Hudson Bay MSS A 15.75 Hydra Ex. .66 Iron Bay 4.80 ISO 1.00 Joliet Quebec 16 Kerr Addison Key Anacon .23 Labrador 24.00 Lake Shore Langis Silver .10 Madsen R.L. .72 Malartic G.F. 1.31 Martin McNeely 31 Maclnryre 31.75 Mela .10 Midrim .13 Intern Mogul 3.20 NuWest Homes 4.55 New Athona .20 New Calumet 15 Noranda 32.00 Northgate 3.70 Norlex .17'? Pine Point 30.00 Placer Dev. 15.50 Pax Exp, .85 Quebec Man .20 Rayrock 11-00 Ftadiore .19 Rio Algom 23.00 Roman Corp. 10.25 Shernlt Gordon 6.75 Steep RocK 1.18 Surmmgdale 4.25 Tek Corp. A 2.75 Texmonl .21 United Canso 8.50 Western Mines 2.41 WH Copper Vines 2 .10 WrigM Hargreaves 200 Wilfroy 1 75 rte Bear 222 -06 INDUSTRIALS 9.75 AIM" 21.37% Alqoma Sleel 24.37% A1co 1nd 1 1 75 Agra Ind 5.62% Bell Tel 41 DO Brastari A n.37% BC Tel 46 50 Burns BC Forest 11.50 BC Sugar 19.00 Bow Valley Ind 14.50 Cable CAE Ind 7.00 Cal Power Canbra Foods 2.50 Can Cellulose 4.00 Carling O'Keefe 2.34 Chemcell 4.50 Coron Credit 1.50 CWN Gas Pfd 8.00 Cdn Ind 18.50 Cdn Marconi 3.05 Cdn Vickers 12.00 Chrysler CPR Cominco Cons Bathurst 24.50 Cons Gas 13.00 Dist Seagrams Dom Bridge 37.50 Domtar 20.00 Dom Textile Dom Stores 14.50 Dome Pete 20.50 Dofasco 24.25 Glen Mobile 1.80 Grt Cdn Oil 5.25 Gen Motors 32.25 Grt Lakes Paper 19.00 Gulf Oil 25.25 Greyhound 13.00 Hawker Sid 4.65 Hiram Walker A 38.25 Huron Erie 22.75 Imperial Oil A 27.12V? Imasca A 23.00 Int Nickel Int Pipe 13.75 Inv Grp A 5.75 IU Infl 10.00 I AC Ltd 17.25 Jannock 5.50 Kaps 2.36 Kel Douglas A 4.50 Laurentide 7.00 Loeb 2.50 Loblaw A 4.90 Metropolitan 9.75 Massey Ferg 14.25 McMii! Bloed 23.00 Moore Corp 39.00 Molsons A 14.25 Molsons B 14.75 Nachurs 7.00 North Cent 9.25 Peylo 3.10 Power Corp 8.37% Price Co 12.87V? Rolhmans 9-75 Shell CDA 13.00 Simpsons 6.25 Simp Sears 9.50 Sleel Can A 26.50 Selkirk A 10.25 Ter.aco 31.50 Trad Grp A 10.12% Trans Min Pipe 12.00 Trans Can Pipe 8.62% Union Carbide 17.75 Union Gas 8.00 Union Oil 3.25 Umled S'scoe 2 92 Versatile Wig 5.37''? Wesleel 20.50 Weston s 20 12% Woodwards A 1937% BANKS Can Imperial 2237% Montreal 1237% Nova Scotia 35 25 Royal 2862''? 1 or Don- 32 7S York (Supplied bv Richardson Securities of Canada) Amr T ft T Belh Chrysler Comsat Vlot 1512% 25 57', 1000 2725 87% 37. ofj 31 25 51 25 5750 22 37 1000 Wciolworifi 1087% Eloc 9.12% U S Sleel 3950 Gen Tel Elec 1662% TORONTO AVERAGES ?0 163.90 down 1 57 iiri.s. 171 39 uo 7 1 1 MMglt. 35 flown 07 e'-tcrn O'ls. 14767 flcwn 209 6.71.000 NEW YORK f-1 65464 down 1063 20 150 84 down 2 65 15 6841 19 299 43 dow-i 3 06 5 760 000 New Lockers Construction crew for Wesbridge Construction works toward completion of the new Lethbridge Lock- ers plant, 3603 6th Ave. N. Bill Courts, owner of the plant, says it should be completed by late February or early March at a cost of more than The new plant will have all operations done there, from the slaughtering to cutting, wrapping and freezing, as well as smoking meats. Mr. Coutts says the idea of the move is to conform with todays high standards of sanitation. The new plant will not be renting lockers but will be offering sales to local home freezer owners. The plant, which will double the firms turnover, will have a new name. The old building, on 3rd Ave. S., will be sold. Light TSE trade Market prices slip sharply Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Monday from the Calgary public stockyards totalled 600 head, mainly cows with a moderate supply of slaughter steers and heifers. Trade was active on slaughter steers and heifers while cows met a moderate demand. Slaughter steers sold fully steady. Heifers were 25 cents higher. All classes of cows sold steady. Good bulls were steady. Steers, Al, A2: 49-50.10. A3: 47.50-49. A4: 44-47. Heifers, Al, A2: 41.50-43.90. A3: 40-41.50. A4: 39-40. Cows, Dl, D2: 20.50-22.50. D3: 16-19. D4: 12-16. Balls, good: 21-25. Good feeder steers were in short supply, selling steady. There were insufficient good stock calves sold early to establish a market. Good feeder steers more than 750 pounds: 4041.25. No hogs were sold to 11 a.m. Currencies MONTREAL (CP) Monday's mid day foreign exchange selling rates supplied by the Bank of Montreal: France franc .2130 Germany mark .3880 Japan yen .003335 Mexico peso .0805 Switzerland franc .3520 United States dollar .9875 United Kingdom pound 2.3300 U.S.S.R. ruble 1.2958 Quotations in Canadian funds. Dividends Silverwood Industries Ltd., class A. 20 cents: class B. 20 cents; both payable Jan. 2, record Nov. 29. Skelly Oil Co., 30 cents, plus a special dividend of 20 cents, U.S. funds. Dec. 10. record Nov. 18. Fort Macleod FORT MACLEOD On offer by Fort Macleod Auction Market last week were head. The market remained steady on fed steers and heifers cows and bulls were down due to the large run of cows in Southern Alberta. Feeder steers and heifers remained fully steady with last week sale. Top quality ranch calves met with good demand, prices steady. SLAUGHTER Al and A2 steers 47.75 to 48.60; Al and A2 heifers 42 to 43.50: Dl and D2 cows 19 to 22; D3 cows 15 to 18; D4 cows 12 to 16.75; good bologna bulls 22 to 24.60. FEEDER CATTLE Good yearling heifers (750 to 825 pounds) 40 to 42.50; lighter and plainer kinds 36 to 39; good yearling ranch heifers (675 to 775 pounds) 32 to 35. CALVES Good Hereford and Angus crossbred steer calves (425 to 525 pounds) 38 to 41; Cnarolais, Simmental and Maine- Anjou crossbreds (425 to575pounds) 40 to 43. Good heifer calves (400 to 500 pounds) 29 to 32; Charolais crossbreds (450 to 575 pounds) 30 to 33. Once again the market saw extreme pressure on all plain quality stacker and feeder cattle. Lighter weights met with better demand, selling to un- der the heavier kinds. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 2-25 at 9-25. Pound sterling was up 4-25 at 12.30 23-50. In New York, the Canadian dollar was up S-100 at J1.01 67-100. Pound sterling was up 7-20 at 12.34 3-10. TORONTO (CP) Prices on the Toronto stock market were sharply lower in light mid-morning trading today. The industrial index, wide- ly-based indicator of market trend, was off 1.20 to 164.35 and western oils 1.44 to 148.32. Golds rose 6.25 to 470.53 and base metals .36 to 67.81. Inland Natural Gas was off MONTREAL (CP) Prices were lower in moderate trading on the Montreal Stock Exchange today. All sectors were lower. Banks fell 2.14 to 219.37, utilities 1.23 to 120.34, the composite .87 to 167.54, industrials .59 to 173.01 and papers .06 to 103.03. Toronto-Dominion Bank fell IVi to Canadian Pacific Ltd. to Total Petroleum, to to Alcan to Vz, IU International to Cana- dian Pacific to and Inco A to BP Canada rose to MICC Investments Vt to and Carling O'Keefe eight cents to Campbell Red Lake gained Vz to Giant Yellowknife Vz Market trends Imperial Oil class "A" Vt to Bank of Montreal to Con- solidated-Bathurst V8 to Ca- nadian Pacific Investments V8 to and Royal Bank Ye to Aquitaine rose to Among speculative issues. Viking Oil Resources fell 15 cents to after trading shares. Winnipeg grain WINNIPEG (CP) Good buyer interest pushed oilseed prices up about 20 cents in light moderate trading at mid session today on the Winnipeg Commodity Exchange. Rye also gained in strength, while feed grains were largely unchanged in light trading. Mid session prices: Thunder Bay rapeseed: Nov. 19 cents higher 9.59B; Dec. 18 higher 9.48B; May 16 higher 9.38B: July un- changed 8.84B. Vancouver Rapeseed: Nov. 18% higher Jan. 20 higher March 20 higher 9.55B; June 20 higher 9.40B. Flax: Nov. higher 11.88; Dec. 17 higher 11.81B; May 20 higher 11.79A; July 20 higher 11.65B. Feed Wheat: Dec. lower 3.67A; May lower 3.66A; July unchanged 3.63A. Montreal Corn: Dec. unchanged 4.01B; March unchanged May and July inactive. Barley: Dec. unchanged 2.98B: May unchanged 3.11; July inactive- Oats: Dec. 1% higher 1.91B; May un- changed 1.92B; July inactive. Rye: Dec. 5Vz higher May 4% higher July 2'A higher Earnings to Canada Tungsten 45 cents to and East Malar- tic 15 cents to Pamour dropped to Dynasty Vs to and Upper Canada Resources five cents to Ranger Oil Canada fell 1 to United Canso to and Peyto Oils 20 cents to VANCOUVER (CP) Prices were up in light trading on the Vancouver stock exchange today. First hour volume was 62.300 shares. In the industrials, Great National Land was unchanged at .75 on 500 shares. In the mines, Grandora was down .02 at .50 on 10.500 shares. In the oils. Monterey A was unchanged at .11 on 2.000 shares. Curb volume was shares. Thor was down .05 at on shares. NEW YORK (AP) The stock market declined broadly today, amid concern over the prospect of a nationwide coal strike. The noon Dow Jones average of 30 in- dustrials was down 10.71 at 654.57, and losers led gainers by about 5 to 2 on the New York Stock Exchange. Whirlpool was the most-active NYSE issue, down 1 to On the American Stock Exchange, the market-value index lost .48 to 69.30. Among Canadian issues on the NYSE. Dome Mines was up 1% to and Mclntyre up 1 to International Nickel fell to V4: Alcan 'A to and Canadian Pacific V8 to The NYSE's composite index of all its listed common stocks dropped .56 to 38.38. By THE CANADIAN PRESS CFCN Communications Ltd., nine months ended Sept. 30: 1974, 59.7 cents a share; 1973, 43.6 cents. Carma Developers Ltd., nine months ended Sept. 30: 1974, a store; 1973, 82 cents. N.B. Cook Corp. Ltd., three months ended Aug. 31: 1974, four cents a share; 1973. cents. Dominion-Scottish Investments Ltd., .nine months ended Sept. 30: 1974, 16 cents a share; 1973, nine cents. Domtar Ltd., nine months ended Sept. 30: 1974, a share; 1973, Du Pont of Canada Ltd., nine months ended Sept. a share: 1973. Emco Ltd., 12 months ended Sept. 30: 1974. a share; 1973, 66 cents. Hughes-Owens Co. Ltd., nine months ended Sept. 30: 1974, a share: 1973, Indusmin Ltd., nine months ended Sept. 30: 1974, 87 cents a share: 1973. 99 cents. INCOME TAX COURSE BY CORRESPONDENCE You can Earn Extra Income Learn how to prepare the new Tax Forms and become an INCOME TAX CONSULTANT. For Full Details, Contact CANADIAN SCHOOL OF TAX ACCOUNTING 150 EGL1NTON AVENUE E.. TORONTO, ONTARIO M4P 1 E8 WHYTHERE ARE SOME ADVERTISEMENTS YDUHATE Maybe you arc one ot the jxoplc who really Ivlicvc that some advertisers delib- erately set out to drive you stark raving bonkers. Maybe you've even heard that some advertisers operate on the principle th.it irritatiii" advertising works just as effectively as interesting, imagina- tive advertising. Welljt isn't MX Even'advertising message is designed for certain reasons. Perhaps it is to nuke a lot of people aware of one specific point Or to make a select few appreciate several important facts.Thc ad- vertiser knows to whom he wants to talk and. presumably, he knows how to talk to tho'-c people. If his message seems completely ridiculous to you. it could be because you are not one ol the people he is hoping will buy his product or service. That's not ahvavs the tase.oi course. On the other liaiiAyou may sec just as many advertisements you think are perfectly delightful-but they may not nuke you in the least interested in buying what they are selling. Advertisers never intentionally set out to annoy. And even the advertising you liatc most is almost certain to be quite ac- ccpublc to a lot of other people, Still, is there something you can do aliout advertising you really can't stand? Cer- tainly. But what you do depends on why you don't like it. If it's just that you personally dislike the person or persons involved, you might just as well ignore it. If you think the advertising is in bad taste or is an insult to your and tell the advertiser so. He cares-H yon really think someone is getting away with false or misleading to us. We care. Hut if you don't like a company's adver- tising, yet aren't really offended by it. there's still one very effective way to deal with it: just don't buy the product When sales sp down, advertising is one of the first company looks at as a possible reason. Advertising is.aher ali.only .1 means for a company to tell you about .1 product or service they want you to buy. This advertisement is one ol a series created by volunteer advertising agencies for the Canadian Advertising Advisory Hoard.CAAH.representing advertisers, agencies and media, serves as the all- industry link with government and the consumer public. ADVERTISING: IT LETS YOU MAKE A CHOICE. Canadian Advertising Advisory Hoard 1240 Hay Street, Suite 302 Toronto. Ontario. M5K 2A7 ;