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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 6, 1974, Lethbridge, Alberta 18 LETHBRIDGE November 6, 1974 Two-day TSE slump ends Market prices up sharply TORONTO (CP) -The To- ronto stock market was up sharply in light mid-morning trading today. The industrial index, wide- ly based indicator of market trend, was up .96 to 164.60 after closing with a fractional loss Tuesday. The base metal index rose .37 to 68.44 and western oils 2.01 to 150.37. The gold index was down 3.18 to 475.85. Volume by 11 a.m. was 000 shares, down from 529.000 MONTREAL iCPi Prices rose in light trading on the Montreal Stock Ex- change todav. Volume at 11 30 a m was 231.900 shares, compared with 199.100 shares at 'he same time Tuesday. While papers fell 35 to 104 04. banks rose 1.33 to 219.16. the composite 1.02 to 167 44, industrials 1 00 to 172 68 and utilities 88 to 121.06. Moore rose 1 to Bell Canada 5a to Distillers Corp.Seagrams to S33. Toronto-Dominion Bank SB to Thompson Newspapers A 'z to SlO'z. Imperial Oil A '2 to Bank Canadian National >4 to Simpson's Ltd i to S6JH and TransCanada Pipe- Lines Ltd i to Canada Cement Lafarge fell to and Bank of Montreal 's to S12': Among speculative issues. Silver Stack Mines rose two cenis to 80 cents after trading shares VANCOUVER (CP) Prices were up in light trading on the Vancouver Stock Exchange today. First hour volume was 74.116 shares In the industrials. Okanagan Helicopter warrants were unchanged at 35 on 1.000 shares. In the mines. Northair was up .04 at S2.08 on 20.300 shares In the oils. Rose Pass was up 02 at .14 on 4.500 shares There was no trading in the curb sec- tion. Prices were up Tuesday in light .-admg Volume was 1.022.256 shares In the industrials. Block Bros, was up 05 at S3 30 on 10.400 shares. Bank of British Columbia realty warrants were unchanged at SI 75 on 9.000. Canadian Javelin was unchanged at S8.50 on 4.200 and Four Seasons was unchanged at .48 on 3.000. Canterra was up 02 at .22 and Doman was unchanged at S4.40 In the mines. Northair was down .11 at S2.04 on 142.010 shares Colt was up .01 at .40 on 51.200. Con- solidated Beaumont was up .01'2 at .31 on 43.500 and Colby was unchanged at SI 65 on 41.750 Anglo Bomarc was down ,0412 at 45 and Chromex was down 04 at 41 In the oils. Davenport was up 08 at 59 on 11.057 shares Bison was up 05 at at the same time Tuesday. Advances outnumbered de- clines 133 to 74 with 144 issues unchanged. Trading was halted in shares of Electronic Associates, pending release of information. The shares last traded at 95 cents. Texasgulf rose to St. Lawrence Cement A 1 to Husky 1 to Moore 1 to and Occidental Pete Vz to Market trends on 10.500. Rose Pass was down .05 at .12 on 8.500 and Monterey A was un- changed at .11 on Cop-Ex was down .01 at .14 and Gaiveston was down .08 at Curb volume was 300.951 shares Thor was up .10 at S2 34 on Van Silver was up 03 at 59 on 37.200. Dasher was up .06 at .50 on 30.517 and Mark V was up 01 at 93 on Yellowstone was unchanged at .56 and Mundee Mines was down 01 at .24. NEW YORK (AP) The stock market' scored another broad gain today, but profit taking blunted the ad- vance as the session wore on. The Dow Jones average of 30 in- dustrials, up more than 13 points at its Agnico-Eagle Mines gained to Kerr Addison A Vt to and Pamour to Ranger was up Vz to and Asamera Vi to Royal Bank fell Ve to Shell Canada Vs to Cana- dian Pacific Vg to and Domtar V8 to Dickenson Mines lost V8 to Giant Mascot Mines five cents to 62 cents and United Canso Vs to midmormng peak, showed an 8.37 gain at 683.12 at noon. Gainers held a 5-to-l advantage over losers in active trading on the New York Stock Exchange. The NYSE volume leader was Oc- cidental Petroleum, up to On the American Stock Exchange, the market-value index was up .53 at 70.31 The NYSE's composite common- stock index stood at 40.17, up .63. Houston Oil Minerals, the Amex volume leader, was up to Among Canadian issues on the NYSE. Canadian Pacific was up Vs to and Dome Mines Vs to Alcan was unchanged at and International Nickel at Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Wednesday at the Calgary public stockyards totalled about 1.850 head mostly slaughter cows, steers and heifers. Trade active on slaughter steers and heifers Cows traded moderately ac- tive. All slaughter steers and heifers met a good local and eastern demand. Slaughter steers sold 50 higher with sales to 51.80. Heifers sold steady with no high yielding kinds on offer. Good cows met a good demand at strong prices. Lower grades sold steady. Good bulls steady Steers Al-2 50 to 51.80. A3 48 to 50; A4 44 to 48. Heifers Al-2 42 to 44; A3 41 to 41. Cows Dl-2 21 to 23. D3 18 to 21; D4 12 to 17 Good bulls 20 to 24. There were no good feeder steers sold early. Good stock calves sold steady. Good stock steer calves 401 to 575 pounds 36 to 41. good stock heifer calves 401 to 550 pounds 28 to 32. There were no butcher hogs sold to 11 a.m. Winnipeg grain WINNIPEG iCP) Oilseeds and rye made fair to good gains in continu- ing light activity at rnid session today on the Winnipeg Commodity Ex- change Rapeseeds were as much as 14 cents a bushel higher, while rye gamed 5' 2 cents Other commodities were un- changed to slightly higher. LABATT S ALBERTA BREWERY Tuesday's volume of trade was 960.- 000 bushels of feed wheat. 380.000 of oats. 879.000 of barley. of rye, 179.000 of flax and 1.090.000 of rapeseed. There was no volume in corn. MID-SESSION PRICES: Thunder Bay rapeseed: Nov. 13 higher 9.75B: Dec. 11 higher 9.68B; May 14 higher 9.73B; July not open. Vancouver rapeseed: Nov. six higher 1007B: Jan 12'i higher 9 Mar. IV> higher June 11 higher 9 65'-28 Flax. Nov. five higher 12.00; Dec. six higher 11.99; May six higher 12.03: July not open. Feed wheat: Dec. higherS.iOMsB: May higher 3.71; July not open. Corn: Dec. unchanged 4.02B: Mar. two higher 4.22B: May and July not open. Barley: Dec. higher 3.02B. May 1'z higher 3.15: July !Lz higher 3 18'26 Oats Dec 'z higher 1.95lzA: May- unchanged 1.95''zA: July not open. Rye- Dec. five higher 3.40'.2A: May 5'z higher 3.55. July 1'4 higher 3.52B. Mr. R j (Dick) Bradbeer Mr. J. Vice-President and General Manager of Labau's Alberta Brcv.-crv is pleaded ;o announce the ap- pointment of Mr. R. I. (Dickl Bradbeer t'.i the position of DiTector of Marketing. Mr. Bradbeer held several rnanaecmcnt positions for Labatt's and. most recently, was the Ontario Sales Promo- tion and Public Relations Manager in hi1- nc'-v capacitv he -.vsll be for 'he market- of Labatl''- products in Alberta Grain quotes j j z Com LEASING identification Card Predictable Costs f-rees investment usually 'ess 'han Adantab'e onvate individual as well as business C'jrron! Todei orestige get second car LEASING Phone 223-3537 business Hog prices EDMONTON (CP) Prices to 11 a.m. Wednesday provided by the Alberta Hog Producers' Marketing Board. Tuesday's prices in brackets: Edmonton; 48.35 Calgary: Nil Lethbridge: Nil Fort Macleod: Nil Hogs sold to 11 a.m. 317. Hogs sold Tuesday. 7.478. average 48.54. Sows average 33.19. Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Nov. 51.00A; Jan. 51.75A; March 49.50N: May 50.50N. Monday's volume: No contracts. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Tuesday: 3 CW red spring wheat No. 1 feed barley 3 01 '4: No. 1 feed oats 1.95. Gold futures WINNIPEG (CP) Gold futures. U S. funds. Winnipeg Commodity Ex- change close Tuesday. 400-ounce contracts: Jan 75 180 10: April 75 185.75B; July 75 191.50A. Oct 75 196.90B. Monday's volume- 269 contracts. 100-ounce contracts: Nov 74 176.60B. Feb 75 182.80, May 75 188.20B: Aug 75 19380: Nov 75 199.20. Monday's volume- 198 contracts. Metals LONDON (AP) Tuesday's closing metals in pound sterling per metric ton: silver in pence per troy ounce. Copper: Spot 603-605: futures 622-623 Tin: Spot 3.125-3.130: futures 3.120. 3.125. Lead. Spot 231-232: futures 221-222 Zinc- Spot347.5-348: futures 343.5-344 Sliver. Spot 208-203.5: 3 months 215- 2155 Gold prices LONDON (AP) Tuesday's closing gold prices in U.S. dollars an ounce: London 174.25 Pans 177 80 Frankfurt 174 13 Zurich 174 25 Hong Kong 169 42 Beirut 5.538 a kilo Dollar value MONTREAL ICP> U.S dollar in terms of Canadian funds at noon today was up 3-50 at 27-50 Pound sterl- ing was up 23-50 at 31 8-25. In New York, the Canadian dollar was down 3-50 at 12-25. Pound sterling was up 3-10 at 343i Currencies MONTREAL en 003325 V'tV-rlands Spain 0177 "vac-elm kroner 2310 Vmtefl dollar WS5 Kmetfom pound 2 TSS R nihlr 1 ZS6H Earnings fh IHK anadian Co Md nine noitfm 1974 'inn -hiT- P. Wi 10 "nU Vranf o-Tjinailn-Tj, run'- nvnthi v-pt 1.H74. 'ifl'i 14 17 ihsr" W! J4 r> "un y, Sollnan Minf. Ltd '1] 1 M Wl 7V-fHt! -i m> -f, TnOuilnft r prJ.Tj Vi OWl ill rent' ;j r'r- MOH Ltd j; wi 72 a .37S TO The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal Midland Doberty Limited WESTERN OILS AND MINES Afton Mines 3.40 Albany Oil .23% Alta East Gas 4.90 Alminex 4.85 Asamera 8.00 Ashland Oil 6.50 BP Canada 11.1214 Brenda Mines 4.05 Cda South 2.60 Cdn Ex Gas 2.25 Cdn Homestd 3.00 Cdn Ind Gas Oil 5.75 Cdn Long Is .12 Cdn Super 32.50 Chieftan Dev 4.80 Dome Pete 21.50 Dynasty 7.25 NuFort Reliance Giant Mascot .62 Gibraltar Mines 5.25 Granisle 12.00 Gt Cdn Oil S 6.75 Lochiel Ex 1.22 Lytton Min 1.45 North Cdn Oil 3.80 Numac Oil 11.75 Pancdn Pete 8.25 Pan Ocean 8.25 Petrol 1.16 Paloma 1.00 Place Gas .22 Ponder .47 Ranger Oil 21.25 Scurry Rain 17.50 Seibens 6.75 Spooner .20 Total Pete 5.50 Ulster Pete .68 United Canso 8.6214 West Pete 3.25 West Decalta 3.95 MISCELLANEOUS INDUSTRIALS Acres Ltd 5.50 Aquitaine 1575 BC Sugar C Pfd 11.00 Block Bros 3.30 Canbra Foods 2.50 Cdn Pac Inv A Pfd Cdn Pacific Inv Carling O'Keefe A Pfd 16.25 Carling O'Keefe B Pfd 19.37% Comm Cap Corp 1.60 Crestbrook Ind 2.90 Crowsnest Ind 13.50 Falcon Copper 8.75 F and M Trust Co 3.45 Genstar 14.75 Home Oil A 23.87% Home Oil B 20.50 Hud Bay Co 12.62% Hud Bay Oil 24.75 Hud Bay Oil A Pfd 27.00 Hugh Russell C Pfd 57.00 Husky Oil 15.87% Husky Oil B Pfd 32.00 Husky Oil E War 4.80 Interprov Pipe War 2.65 Interprov Steel Pipe 13.00 Kaiser Res 4.30 Kaiser Res War 1.90 Loblaw Co C Pfd 22.00 Magnasonics 1.70 Pacific Pete Pe-Ben Oilfield Serv Royal Trust Sandwell Teledyne Traders Grp Pfd Trimac Westfield Mm Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N C Gas N C Gas B Pfd Trans-Cda Pipe Trans-Cda A Pfd Trans-Cda B Pfd Trans-Cda War WC Trans WC Trans War CALGARY Acroll Barons Oil N Continental Western Warner VANCOUVER MINES Bathurst Norsemines Cima Resources Dankoe Davenport Lornex Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS August 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 Invest Fund Eaton Commonwealth Eaton Leverage Eaton Int'l Venture Corp Investors Corp Invest Stock Fund Dreyfus Fund U.S. Grouped In Shares Growth Equity Investors Growth Fund Investors Mutual Mutual Accum Nat Resources N.W. Cdn N.W. Growth Principal Growth Royfund Templeton Growth United Accum Universal Savings Vanguard 19.25 3.25 20.00 4.50 4.40 9.25 3.40 .57 45.50 6.12% 10.62% 57.50 15.75 4.90 49.50 11.50 9.12% 18.00 8.87% 49.00 28.00 .82 18.00 1.85 .32 .03 .01 .22% 80 38 2.05 .56 5.00 2.05 .05 .06 1.03 4.85 .06 1.30 .16 .10 .54 4.94 5.11 2.24 3.82 1.91 3.85 11.11 2.56 4.36 5.05 3.71 8.52 2.52 5.18 9.40 4.50 5.00 3.49 4.15 3.53 3.28 5.01 6.09 3.56 6.57 388 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger A Hudson Bay Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malarttc G.F Martin McNeely Maclntyre Meta Midrim Intern Mogul NuWest Homes New Athona New Calumet Noranda Nonhgate Norlex Pine Point Placer Dev Pax Exp Quebec Man Rayrock Radiore Bio Algom Roman Corp Sherritt Gordon Sleep Rock Svrtningdale Tek Core A Texrnonl United Canso Western Mines WH Copoer Mines Wngbt Hargrogves Windfall Bear INDUSTRIALS Alcan Algoma Slesi Alf.o Ind Acra Ind Bell A BC .07 1.25 2.01 1.05 .41% 10.00 1.02 4.35 3.35 3.70 .79 .92 2.61 2.75 .14 1.51 3.80 8.75 38.00 .29 56.12% 1.36 4.80 1.95 29.50 .13 .43 13.87% 1.60 23.00 15.87% .70 4.80 .95 .16 12.00 .21% 24.00 5.00 .10 .68 1.43 .35% 32.75 .10 .13 300 5 25 50 14 31 50 3.90 .17 30.87" i 1575 87 21 1 00 .19 22 50 9.75 5.50 1 18 4 25 2 70 23 850 241 1 35 1.95 1 85 2 21 06 10 DO 21 50 24 11 75 5 25 41 62 1 1 50 it, 50 Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carling O'Keefe Chemcell Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Greyhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A Imasca A Int Nickel Int Pipe Inv Grp A IU Int'l IAC Ltd Jannock Kaps Kel Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs North Cen: Peylo Power Corp Price Co Rothmans Shell CDA Simpson Simp Sears Steel Can A Selkirk A Texaco Trad Gro A Trans Mln Pipe Trans Can Union Carbide Union Gas Union Oil United Siscoe VersaMe M1q Woodwards A Can inpeTig] TVlonnesI Nova Scotia P.oygl BANKS 8.75 11.25 19.00 14.75 9.12% 6.87% 19.87% 2.50 4.55 2.30 4.40 1.50 8.00 18.12% 3.05 11.75 10.00 13.75 26.25 24.25 12.87% 33.00 37.50 20.00 7.25 14.62% 21.00 23.37% 1.77 5.75 35.12% 18.00 2500 13.00 4.75 38.00 22.75 27.25 23.37 2250 1350 575 10.00 17.12% 6.12% 235 450 700 245 4.70 9.87'; 14.62" r 23.52% 4025 1450 1400 7 12% 9 12'-.- 3 10 875 12 9 62" 1300 625 925 2575 1000 31 25 937% 1200 867% 75 e 37- 825 291 5 37' 2000 1950 1900 22 12% 1225 3550 28 00 34 25 A fir York i Supplied bv Richardson Securities of Canada I 4737 1300 27 00 1012 3075 1116? 35 00 17 75 ?062 '.3 50 1567 S5 00 6976, 2900 50 ID 12 iWnolworlh 11 K' i 10 12 7S TOPO'J'O AVERAGES 113 up 85 G'-.lde, down 95 SB 32 un 2i O'K 151 up 2 "3 MEW VOPK 2Ci ifrj jiinsilc, 12 uD 8 37 20 155 bf, uo 251 1S MM 7016 IJD 3J> 21734 op 1 66 11410 000 BATTLE LINES DRAWN Prudhoe Bay A Fairbanks" ARCTIC GAS PROPOSAL: Pipeline along Alaska north shore, linked with pipeline down Mackenzie Valley to Canada-US. Border ALBERTA GAS TRUNK LINE PROPOSAL: "Maple Leaf'pipelme down Mackenzie y to carry Delta gas only Montreal oronto? York Pipelines Proposed or under construction San Francisco Battling for the booty U.S. President Gerald Ford recently indicated he would personally intervene, if necessary, in resolving a battle between Arctic Gas and El Paso Natural Gas for the right to tap the huge natural gas deposits in Canada's Mackenzie Delta and As- aska's Prudhoe Bay. Map shows the proposals put forth by the two concerns for moving the gas south, as well as the proposal of Alberta Gas Trunk Line, which broke away from the Arctic Gas consortium to seek an all-Canadian "Maple Leaf" line. New world export arm created by grain firm WINNIPEG (CP) United Grain Growers Ltd., a grain company owned by prairie farmers, has created a new international export arm, company president A. M. Run- ciman revealed today. Mr. Runciman told delegates to the UGG annual meeting here the development would help give farmers "some muscle in the market place" in the merchandising of Canadian grains. "The directors of the United Grain Growers believe your company's re entry as an ex- porter of Canadian grains, through its action as a selling agent for the Canadian Wheat Board, is sorely he said. "Benefits to farmers will be expressed not only through the addition of another exporter to sell their grain, but through certain premiums over regular street prices and through forward contracts to grain growers and livestock producers." Mr. Runciman sais UGG re entered the export grain trade in June about six months after it had sold its Farmers protest cattle imports from Ireland HOLYHEAD. Wales (Reuter) Protesting farmers used cars and trac- tors Tuesday to block the main railway line from this north Wales port to London. Offshore gas find confirmed CHARLOTTETOWN (CP) Industry Minister John Maloney confirmed Tuesday there is evidence of natural gas in an offshore well near East Point, P.E.I. His announcement came after he said Monday he did not expect any results of testing in the area for a week to 10 days. Dr. Maloney said in a state- ment Hudson's Bay Oil and. Gas Co. of Calgary has in- formed him it "has en- countered a show of natural gas." "Further testing will be re- quired to evaluate the signifi- cance of this show." All trains were halted as the farmers ignored police re- quests to move. The farmers are concerned by the importation of cattle and beef from Ireland while prices for domestic livestock are falling. Earlier, about 600 farmers blockaded the south Wales port of Barry to prevent two trucks carrying 28 tons of meat from leaving. After dis- cussions with the farmers, the drivers of the trucks agreed to remain at the docks. Board opens quota for oats, wheat WINNIPEG (CP) The Canadian Wheat Board has an- nounced. effective im- mediately, open quotas for all grades of oats and for No. i CW hard red spring wheat. In a news release, the board said today the open quotas have been introduced in order to stimulate producer deliveries to meet heavy demand. Quotas for other grains are unchanged. interest in XCAN Grain Ltd., the export arm of prairie pool organizations. The move also followed other events which confirmed the continuation of open markets in Canada for rapeseed, oats and barley. Mr. Runciman said the com- pany buys and sells Canadian rapeseed, flax, rye and foreign grains on its own ac- count and is active in the domestic feed grain market as well as acting as a wheat board agent. The UGG president said the company had already ex- ported wheat to Japan and malting barley to the United States as an agent of the wheat board. Its private tran- sactions have included the sale of French rapeseed to Japan and the sale of U.S. feed grains in Ontario. The company has agents in Europe and Japan. UGG profits set record WINNIPEG (CP) United Grain Growers realized a record profit of million in the 1973-74 crop year before taxes and patronage dividends, the company reported Tuesday to its annual meeting. President A. M. Runciman told farmer delegates the record profits will enable UGG to return a total of million in dividends to its members. The figure represents a patronage divi- dend of about five cents a bushel. Rebate sought EDMONTON (CP) Northwestern Utilities Ltd intends to apply for a million rebate this year under the province's natural gas rebate program a company spokesman said today. The money will be reflected in stable field prices for natural gas. Farmers irked at Indians big game hunting at night WEYBURN. Sask. KTi Ed Kinnett. secretary of the Wawota Branch of the Saskatchewan Wildlife Federation today that farmers, upset about the night hunting of big game near the Whitr Boar Indian Rcsrrvr in Moose Mountain Provincial Park in southeastern Saskatchewan, may start tn shoot al Indians. Mr Kinnett, in an interview, said a small group of natives on the reserve go oui at mid- night and find hay meadows whicn attract deer and elk. He said they use a powerful spotlight to blind the animals which then become easy prey for high powered rifles. He >aid the practice is 'in'inuing up to 10 milfs from the reserve .-and if ii continues it could lead to violence. Mr Kinnet) predicted that upset and concern- ed farmers will begin shooling at the Indians and there would be violence on both sides. HP the situation has been discussed with the chief of the White Hear Reserve and he also expressed his op- position to the practice However a small group continues to hunt by this method Mr. Kinnett said his organization will make representations to all levels of government in an effort to eliminate the practice but it would require a change in federal law which allows Indians to hunt at night. Jacklighting, or hunting at night with spotlights, is illegal un- der Saskatchewan game laws, but convictions of natives under the act have been overturned by federal appeal courts whom, Mr. Kinnett said, have almost always favored the natives ;