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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 7, 1973, Lethbridge, Alberta 10 1t7l In satellite business Technicians work on communications satellite at Northern a Bell Canada at across the river from Ottawa. Northern Electric got into the space business five years ago by winning the contract for Canada's three Anik satellites. Ontario farmer retains world seed grain title TORONTO Gerald Galbraith of won the world cham- pionship for pedigreed seed grain for .the second consecutive year Tuesday in advance judging of crops and seed at the Royal Agricul- tural Winter Fair He won the event with a sample of soybean Harosay 63 Waynje Martynse of Kan- entered a sample of hard red spring wheat was named reserve champion The world championship for tobacco will not be held until Thursday. All the crops will be on dis- play whetr the fair opens Nov 9 Other championships awarded Tuesday Wheat Marilyn Lebsack of Alta won 'the title with a sample of Chinook wheat. Mrs. Chris Deurloo of Alta was named reserve champion with an entry of a durham variety. She also took the cham- pionship in the winter wheat class with an entry of Winalta and was named reserve barley champion. Isaac King of was named winter wheat reserve cham- pion with- a sample of Yorkstar Flax- Charles J. McCullough of was awarded the cham- pionship with an entry of Redwood 65. M Wilson of was nam- ed reserve champion with an entry of Noralta Corn The world ear corn championship was won by By- ron Hiner of with an experimental variety. P Daillargeon of Stoney Ont.. was named reserve champion with an entry of Pioneer 3773 The shelled corn title went to H V Wheeler of with a sample of Rhodesian hybnde SR52 The reserve title was awarded to J A Lockie of for an entry of United 30 Frank Handy of was named winner of the sweet corn category with an entry of golden barftam. Reserve winner was Thomas Schmidt of Mild also with a golden bantam entry. Oats Lesley J Yellowlees of was nam- ed world .champion with an entry of a Russell variety He also took the reserve cham- pionship with a of a Stormont variety Soybeans- A samMe of a Cutler variety won the title for Mr and Mrs. Maurice Clark of Ind. Kevin Gervais of was named reserve champion with a Harwood entry. Hay Russell Bolton of with a second- cut entry won the event while Lavern Kurpjuweit of Seven Alta won the reserve title with a sample of first-cut hay Rye A sample of Cougar variety won the title for Frank Jacobs of Man Louis of Sask also with an entry of won the reserve title Barley Alex J. Blackall of won the title in the two-rowed barley category with a sample of the Sultan variety. Reserve champion was Mrs. Chris Deurloo of with a Palhser variety entry The six-rowed category went to Larmer Bros of with a Brock sample David also of won the re- serve title with another Brock entry. Pedigreed forage International Seed Inc of Ont won the championship with a sample of small Fesque Highlights Chewings Steve Nedotiafko of Man took the reserve title with sample of Timothy Champ. The seed grasses title was awarded to A Beaulieu of St Que for a sample of Climax Timothy while the reserve ti- tle went to International Seed with another Fesque sample. The legume seed winner was A and S Seed Farms of with an entry of Thor alfala. Reserve title went to W E Hicks of Shan- with a Treefoil variety sample Syncrude given okay on plant EDMONTON Syncrude Canada Ltd has been granted permits under the clean air and clean water acts to proceed with construc- tion of its extrac- tion plant at the Athabasca Oil the Alberta govern- ment announced Tuesday. The from the Alberta environment set the max- imum limits for plant emissions of waste solids and liquids. They also require the submission of further data and the acquisi- tion of a licence to operate the extraction plant before it begins production in 1978 One of the requirements of the clean air permits is that Syncrude recover 95 per cent of the sulphur entering the sul- phur the environment department said. 2nd Mortgage. Money you may have forgotten about Laurentide considers home improvement one of' many worthwhile reasons for borrowing money. If you're a homeowner we can lend you up to on a 2nd mortgage. And we have flexible repayment plans. There are no no. finders Drop by and talk to us or give us a call. Right now. While it's on your mind. A Member of the Laurentide Financial Group 311 7th Street T1J 3Z4. 327-5791. TSE market prices make slight advance Herald- TORONTO Prices on UK Toronto stock market were fractionally higher in light midmorning trading today. The industrial consid- ered the best gauge of over-all market rose .27 to base metals .24 to 106.74 and western oils 3.09 to 271.76 Golds fell .29 to 293.12. Volume by 11 a.m was 000 down from at the same time Tuesday. Declines outnumbered ad- vances 143 to 133 with 207 issues unchanged. Construction and paper and oil refining and pipeline stocks were among sectors of the market recording gains while general manufacturing and communication issues were lower. Computel Systems rose 1 to Aquitaine to Al- goma Steel to Dome Pete to and Na-Churs to Consumers Distributing fell to Stelco Vt to Noranda A H to Union Gas to and Cominco to International Mogul lost 25 cents to Brunswick 10 cents to and Upper Can- ada Resources 15 cents to Rio Algom gained to and Placer to Chieftain Development climbed to Peyto 25 cents to and Western De- calta 20 cents to Pen- nant Puma declined 10 cents to 50. MONTREAL Prices were mixed in light trading on the Montreal stock market to- day. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m was 200 compared with shares at the same time Tuesday Industrials rose .61 to papers .59 to and the composite 32 to 239.08 while banks dropped 82 to 285.57 and utilities .11 to 145.28. On the Montreal Stock Ex- Dollar valus MONTREAL -US dollar in terms of Canadian funds at noon Wednesday was up 1-10 at 39-50. Pound sterling was down 83-100 at 41 31-50. In New the Canadian dollar was down 4-25 at 00 11-50 Pound sterling was up 13 20 at MONTREAL Wednesday's mid-day foreign exchange nominal selling rates supplied by the Bank of Montreal Australia dollar 1 4925 China renmmbi .5270 Denmark kroner-.1775 France franc 2320 Germany mark 405 Italy lira commercial .001760 Japan yen 003665 Mexico peso .0810 Switzerland franc 3260 United States dollar .9985 United Kingdom pound 2.455 USSR ruble 1.4580 Quotations in Canadian funds. Metals LONDON Closing metals bid-ask in pounds ster- ling a metric silver in pence a troy futures 833-834. Tin-Spot futures 2225-2226. futures 189.5-190. Zinc-Spot futures 491-492. Silver-Spot 3 months 122.3-122.4. Dividends By THE CANADIAN PRESS Dividends are quarterly un- less otherwise noted General Motors special year Dec record Nov 15. Intasco Dec record Nov. 30. MacMillan Bloedel 37Vi Dec. record Nov 23 Gold futures WINNIPEG Gold U.S. nipeg Commodity Exchange close Tuesday. Jan Apr Jly Oct Jan 75-110.30. Monday's 37 contracts. Beef futures WINNIPEG Live beef futures close Tuesday. Nov Jan Mar May 52.75N. Monday's 20 Alcan moved up one to Canadian Inter- national Power Co. to and Shell Oil ft to while Texaco Canada dropped ft to 152 and Multiple Access Ltd. tO On the Canadian Stock Ex- on a volume of shares Muscocho Ex- plorations Ltd. rose two cents to 40 cents while Mount Jamie Mines remained unchanged at 25 cents. VANCOUVER Prices were down Tuesday in light trading on the Vancouver exchange Volume was shares. In the Thermo Plex led unchanged at on shares Key In- dustries was unchanged 18 on lonarc was down 05 at on Captain International was up 05 at on 5 975 Pace Industries was unchang- ed at 50 and EDP Industries was unchanged at .28. In the Gold River led up 04 at 65 on tur- nover of shares. Cutlass was down .08 at on Accent Resources was unchanged at 26 on Texall Developments was unchanged at .09 on Kalco was unchanged at 10 and Citex Mines was down 01 at 12 In the Stampede Jed down .05 at .90 on 100 shares. Trans Canada Resources' was unchanged at on Seneca Developments was up .02 at on Chap- paral was up .01 at .11 on 000. Ponderay was down 02 at .87 and Alaska Kenai was down .03 at .92. NEW YORK Stock prices were up but the market showed little en- thusiasm The Dow Jones average of 30 industrials at noon was up 895 to 92203 as advancing issues held a 604-to-490 lead over declines in a slow trading volume. The blue-chip in- dicator dropped more than 70 points in the previous seven sessions Among Canadians on the New York Alcan was up 1 to and Canadian Pacific to Dome Mines was off to Hiram Walker Vt to and International Nickel to Genstar was unchanged at and Massey-Ferguson at On the American Quebcor was down to Scurry Rainbow was up to Winnipeg grain WINNIPEG Rapeseed prices were frac- tionally lower in a duller volume of trade today at mid- session on the Winnipeg Com- modity Exchange Flax prices continued their downward price pattern while oats and barley posted frac- tional gains Rve worked lower in a quiet volume Tuesday's volume of trade was bushels of of of of oats and 000 of barley Mid-session prices Flax- Nov 17 lower Dec lower May 8 lower 8 July 8 lower 8.85A Rapeseed Vancouver Nov lower Jan higher 5 March lower 4 June 1 Vz lower 4.90A Rapeseed Thunder Bay Nov 2 lower Dec 3 lower May Vt lower July unchanged 4.65A Oats Dec higher May and July not open. Barley. Dec. 1 higher May Vz higher 2 July not open Dec lower May Vz lower July 2Vfe lower 2 High Low Close Flax Nov 976 964 970 Dec 957 949 May 912 900 904 Jly 900 893 893 Rapeseed Vancouver Nov 513Vz 508Vz SOSVz Jan 508V2 502 Vz 502 Mar 497Vz Jun Rapeseed Thunder Bay Nov 466 458 460 Dec 463 May 471 Jly 465 Oats Dec May 156V4 155 Jly 135 Barley Dec 235V4 235 235 May 233 232 233 Jly 220 Rye Dec 244Vz May 247Vz 243 243 Jly 240 Chicago markets CHICAGO Farm commodity futures prices moved rather aimlessly over a wide range on the Board of Trade Tuesday and closed mostly irregular to lower The deferred options in the major pits came under heaviest selling pressure at the close there was a good demand for futures in the ma- jor pits. It appeared to be a carry-over from the previous session After the demand had been there was a period of profit-taking Late in the there was another strong buying move in the soybean interest and prices generally im- proved. There was little sup- in grains. At the wheat futures were about 10 Dec. 4 corn 4 Dec. 2 oats around 2 Dec. and soybeans some 7 Nov. 5.37. Pork bellies gained the limit of 150 points on the mercantile but live cattle clos- ed the and live hogs fell as much as 85 cents per hundredweight. Shell eggs were off 190 points Strength in soybeans and oil was attributed to overnight export but these also weakened later under li- quidation New buying and short- covering lifted meal and oil prices in the last few minutes as shorts were forced to cover positions. A strong rally in pork belly futures lifted prices to the limits after early losses had been posted. The buying was geared to a belief the hog runs this week will be light and the cash hog market steady to firm An abundant hog run Tues- day was instrumental in lower hog futures and live cattle fell for a similar reason Weakness in red meat prices worked on lower shell egg prices. Grain quotations Wheat Dec Mar May 3 Jul 3 Sep 3.48. Dec Mar 2 May Jul Sep Dec Mar Oats- Dec Mar May Jul Sep 1.28. Livestock Calgary CALGARY Receipts to 11 a.m Wednes- day from the Calgary public stockyards totalled mostly slaughter and feeder steers and slaughter cows Trade was strong and active Slaughter steers were meeting very good selling at higher. Slaughter heifers were in short selling steady for the lower- grade kinds being offered. All classes of slaughter cows were meeting good uc. selling higher. Bulls steady to strong. 44.MM6. 42-44.50. 42-43 80. 38- 41. 33 34 40 31-33. 28-31. good. Replacement were mostly heavy Mn-l 000 Bounds and ulock steer and heifer calves. Good feeder steers 44-54 40. Good feeder 43-52. Good stock steer calves 400-575 50-58 Good stock heifer calves 400-590 48-51. Hogs f.o.b. to 11 53.65. Hog prices EDMONTON Average prices to 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board with Tuesday's average in Red Fort Grande Nil. Business Stocks Toronto industrials by RletordsofeSecufitiei of Forest Sugar Advocate Valley Ind Ind Brew Cellulose Power Can. NW Credit Canada Gas Ptd Indus Central Marconi Vickers Cons Coin Bath Craigmont Dlckenson Gas Dist Seagrams Denison Bridge D Dome Textile Discovery Mines East 02 Stores Dome Pete East Falconbridge 37Vi Mobile Qrt Cdn Oil Sands First Motors Giant Lakes Paper OH Cda Hollmger Hudson Bay 28 Hawker Sid Hydra Walker Iron Erie Oil Jollet Kerr Nickel Key Pipe Group A Lake Internal Langis Accept Madsen R Malartlc G Doug A Martin Maclntyre Loblpw A Intern Nu West Ferg New Bloed New Corp Noranda A Northgate B Nachurs Pine Cent Placer Corp Pax Co Quebec Rayrock 05 CDA Simpsons Rio Algom Roman Sears Steel Canada Sherntt A Tek Group A United Mtn Pipe Western Can Pipe Wright Hargreaves 1 Carbide Union Gas Yellowknife Oil Siscoe Mlg Algoma Steel Atco 25 A West Cdn Seed Elec Agra Ind Bell 41 Cdn imperial Brazilian Trac BC 37V4 Nova Scotia Toronto-DOm 2375 19 62VJ 34 37'A 1650 975 435 662V4 762V4 2275 225 1025 1900 375 21.50 16 3625 3025 1650 4350 3875 2525 10 14 3950 900 870 61 25 2500 3275 1725 5 62V4 5500 31 37V4 4425 2975 3625 23 925 2375- 1775 5 500 10 485 525 23 3700 5650 2500 2450 1225 1300 17 12Vi 19 900 1262 31 75 1650 51 50 17 1550 3250 15 650 775 2000 20 2250 562V4 320 38 B'Vi 20 SO 39 12V4 3750 3700 Miscellaneous Montreal by McQuaig WESTERN 6 00 AND 4 50 Afton Cdn Seed 5 62 Vi Albany Mm 1 38 A Pfd 61 00 Yukon 1025 LINE STOCKS Alta East Gas A 1100 BP Canada Gas Pfd 67 50 Brenda Nat Gas 20 00 Can Nat Gas 9 62 Cdn Ex Metro Cdn Metro A 67 50 Cdn Ind Gas and C Gas 1087Vi Cdn Long and C B Pfd 23 00 Chiettan Trans 11 00 Cdn Can Pipe 32 37V4 Dome Can A Pfd 60 Can B Pfd 39 50 Fort Can War 7 10 Giant Trans 17 25 Trans Wts 3 20 Gt 65 Gt Cdn Oil Oils 04 Continent 01 V4 Lytton Mln Noble 55 1 Warner 32 VANCOUVER North Cdn Explor 35 Pancdn Norse 75 Pan 2 27 47 Varden 22 Place Res 17 1200 05 Scurry 12 Standard 1 25 Spponer Total Copper 10 50 INDUSTRIALS Ulster Brew 3 50 United Indus 18 West 1 60 West Explor 92 Pete 24 Acres Explor 87 intl Res 95 BC Sugar FUNDS Block Cdn Com 784 Cdn Pac Inv Cdn Div 7 64 8 31 Com Cap Cdn Ven 3 86 4 20 Cdn Brew A Grow F S 44 5 98 Cdn Brew B Spe 2 85 Crestbrook Invest F 5 27 5 78 Crowsnett Mutual 6 08 6 68. Falcon Inter 1466 1611 F and M Leverage 378 410 Venture 7 15 Global Com Invest 653 618 Home Invest S F 5 46 6 00 Home F US 11 33 1242 Hud Bay Pacific 5 00 5 46 Hud Bay Oil Hud Bay A Income 3 61 3 97 Grow Equity 8 80 9 79 Hugh Grow F 1269 1387 Husky Mutual 6 03 6 59 Husky B Pfd Husky D 11 Accum 6 36 6 99 Mut Grow F 3 69 4 06 Husky E Res 5 28 5 80 Hys of Canada Inter Prov Cdn 5.87 6 45 NW Grow 5 06 5 56 inter Prov Grow 4 96 5 45 Kaiser Mutual 791 864 Loblaw C- 712 7.41 Magnatontct Pacific Grow 8 27 9.06 Unit Accum S 15 5 6f Pac West Sav 82193 649 7 M Rainier 6 67 73 Royal New York by Rlchanlsoa Secvrittet of Amr TAT Wootworth Anecooda WMHnghouM Etac. 30.25 Beth. Stwl 31.25 US SMI 3437Vi CnfyHer 2162Vi Gen Tel EkK SB 46 00 TORONTO AVERAGES Oupont 17925 20 induitrMIt 230 M up 92 General Motors 61 75 20 QoWt 205 79 up 2.M Quit 22 to MM M up 06 lot Hervettt- 15 Wettern 273.56 up 4.91 Kenn Copper 3475 Volume Montgomery NEW YORK AVERAGES Sean 92.00 20 induitrltH92422up1l.13 J Exxon 91.75 20 177.19 up 3 48 TMM Quit 30.00 15 UtHWM 97.00 up 06 Texw Co 30.76 65 Stocni 262 72 up 3 41 WH Corooratton 14 87Vk Volume 7.640.000 ;