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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 12, 1973, Lethbridge, Alberta 20 -.THE LCTHMIDOE HERALD November 1t73 Prices plunge sharply in early TSE trading TORONTO Prices on the Toronto stock market plunged sharp- ly in moderate mid-momlng trading today. The industrial considered the major Indicator of market 1.85 to base metals .50 to 105.81 and western oils 1.15 to 274 35. Golds rose 1.93 to 303.05. Volume by 11 a rrt. was shares compared with at the same time Friday. Declines outnumbered advances 244 to S7 with 182 issues unchanged. Paper and industrial merchandising and general manufac- turing stocks were among sectors of the market to decline while construc- tion and oil trust and loan and utility issues were higher. Falconbndge Nickel tell 3Vi to Consumers Distributing to Canada Packers C H to Dominion Textile Vi to and Ineo to Guaranty Trust gained to SneM Canada Vt to and Imperial Oil to Falconbndge Copper lost Vt to Gibraltar to Roman Corp. increased V- to and Dynasty Vt to Pan Ocean was off Vt to and Siebens to S16. United Canso was up to S23Vz. NEW YORK Stock prices moved sharply lower as analysts said investors continued to worry about the energy situation. The Dow Jones which skiaaed 24.24 lower plunged 15 88 more to 892.53 at noon. Declining issues overwhelmed ad- vances more than 4-to-1 in heavy trading on the New York Stock Ex- change The NYSE's composite index of some common stocks was oft 80 at 55.71 at noon On the American Stock the market-value index lost 63 at 10355. NYSE volume leader was Penn up Vt at followed by down at Vt. Telex gained at British Petroleum lost at and Chrysler gave up at Among Canadians on the New York exchange. International Nickel was down to Mclntyre 1 to Canadian Pacific to Alcan to Hudson's Bay to Seagrams to and Massey-Ferguson Vt to Dome Mines was up 2 at MONTREAL All sectors moved lower m light trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11.00 a.m. was com- pared with at the same time Friday. Papers dropped 2.58 to in- dustrials 1.77 to the com- posite 1 42 to 238.20. banks .80 to and utilities .50 to 144.77. On the Montreal Stock Moore Corp. dropped 1V4 to Dominion Textile to Bank of Nova Scotia to MacMillan Bioedei y. to and Hudson's Bay Mining and Smelting to On the Canadian Stock Cuvier Mines fell 35 cents to on 29.850 shares traded. VANCOUVER Prices were up Friday in moderate trading on the Vancouver stock exchange. Volume WM shares. On the board. Thermo Ptox Ml .09 to .91 on Key Industries WM down .03 at .15 on WM up .25 at on curla Ml .03 to on sharM. Captain international WM at and speculators fund was up .03 at In the Gold River was up .21 at S1.91 on sharer Cutlass was up .07 at on shares. Green Eagle was up at .20 on shares. Minos rose .03 to .19 on shares. Rackia River down .05 at .M and Gunn Mints fell .12 to Most active issue In oils was up .10 at on shares. Chapparal was at .11 on 500 shares. Seneca Developments was up .01 at on sharas. PRP Explorations fell .01 to .97 on shares. Monterey A was down .03 at .52 and Allied Roxana was at .49. Livestock Fort Macleod FORT MACLEOD There were 1 899 head of cattle and calves on offer by Fort Macleod Auction Market last week. Slaughter cattle consisted of cows and bulls only with no steers or heifers on offer. Prices remained steady with last quality con- feeder cattle calves a little stronger. SLAUGHTER CATTLE No steers on offer. Insufficient receipts of fat heifers to quote ac- curate market. 'Good cows 30 to medium cows 27.50 to canners and cutters 23 to good bologna bulls 36 to medium bulls 32 to 35. FEEDER CATTLE Good feeder steers to 800 49 to good feeder heifers to 700 47 to 49.30. Good calves showed a little strength last especially Thur- sday. Second cut and plainer type calves are still selling quite a bit off as are bulls and horned calves. Choice steer calves to 475 60 to to 550 55 to 64. Choice heifer calves to 475 47 to with replacement quality 58. BRED HEIFERS Charolais cross to RWF 380 to few blacks BWF 400 to 470. STOCK COWS Good young ranch cows to medium ranch cows 350 to 400. Calgary CALGARY Receipts to 11 am.'from the Calgary public stockyards totalled 250 mostly slaughter steers and cows. Trade was strong and active. Steers and heifers sold fully steady to quality and condition con- sidered. Cows traded steady. There were no bulls offered in early trading. 46.75 to 47.80. 45 to 46.50. 44 to 44.50. 42.50 to 44. 33 to 34.50. 31.50 to 32.50. 29 to 31.50. Replacement A few medium steer calves sold to No hogs were sold to 11 a.m. Hog prices 'EDMONTON Average prices to 11 a m Monday provided by the Alberta Hog Producers Marketing Board with Friday average in 54.10 Red 54.10 No sale Total hogs sold Friday average 55 34 total sows average 40. Metals LONDON Closing metals bid-ask in pounds sterling a metric silver in pence a troy futures 864-665 Tin spot futures Lead spot futures 201.5-202 Zinc spot futures 566- 567 Silver spot 3 months 102.2-102.4 Bonds GOVERNMENT OF CANADA BONDS Oct. 9750 98.00 8 Jul. 102.00 103.00 Sept 7900 80.00 Sept 78.00 80.00 3 Sp15 Perp 40.00 Apr. 99.25 99.75 Jul. 101.00 102.00 PROV. AND PROVINCIAL GUARANTEED Alta '90 101.00 103.00 Ont 7 '88 88.00 90.00 Onl Hydro 9 '94 103.00 105.00 NB '90 10400 10600 Nfld 8 74 9900 101.00 NS '92 80.00 83.00 Que 74 99.00 101.00 Alta '90 102.00 104.00 Man Hyd 8 '91 93.00 95 00 Sask '90 101.00 103.00 Nfld '90 102.00 104.00 ACT 8 74 9900 101.00 NOTICE DUSTDANE PRODUCTS This notice is to advise Dustbane customers in Southern Alberta that our Lethbndge will continue to be open Monday through Friday 9 a.m. to 12 noon 1 p.m. to p.m. for customers wishing to pick up materials and or for customers wishing to place orders. THE ADDRESS 2530 5th 327-7293 T1H ON9 Also the will be retained and staffed following the ap- pointment of a representative in Lethbrldge For more technical data or advice regarding replacement maintenance procedures etc. customers may call our Calgary office collect at 243-2596. DUSTBANE PRODUCTS REPRESENTATIVE DUSTBANE Manufacturers and Distributors of institut- ional and industrial maintenance equipment and supplies requires a technical representative to service Southern Alberta. Successful applicant will be located in Letnbridge. Interested individuals must own a late model vehicle and be prepared to devote considerable time and effort toward becoming fully competent technically in order to properly advise and service our customers in the region. This is a permanent position in a protected territory. Pleaee reply hi vflHiiQ DUSTIANE PRODUCTS 200-437-M Ava. Afceru T2O 1WI All replies will be acknowledged and all wlH be treated confidentially. GUARANTEED SAVINGS CERTIFICATES Interest Payable Annually or Compounded to Maturity MEMBER CANADA DEPOSIT INSURANCE CORPORATION Vi I I INDUSTRIALS A. GasTr '90 102.00 104.00 Alcan '91 103.00 105.00 BC For '92 104.00 106.00 BC Tei '90 101.00 103.00 Bell Tel 79 101.00 10300 Bell Tel '93 102.00 104.00 CP Ltd T89 99.00 101.00 CP Sec '90 103.00 105.00 Cdn Util '91 103.00 105.00 CWNG '90 104.00 186.00 Gulf '90 99.00 101.00 In Pr Pipe '90 103.00 105 00 Massey '80 102.00 106.00 Noranda '90 10200 104.00 IntlNlCk '90 102.00 104.00 914 '91 102.00 104.00 Steel Cda '90 102.00 10400 TrCdaP 9Wo '90 10400 106.00 TrCdaP 10 '90 101 00 108.00 W Trans '93 95.00 96.00 CONVERTIBLES A GasTr '90 110.00 Con Gas '89 85.00 87.00 Dunasty 7 '82 115.00 125.00 Ackland '88 100.00 105.00 ScurRam '88 96.00 98.00 W Tr C '88 7200 75.00 West Tr 91 95.00 97.00 Alberta grain EDMONTON While feed grain prices are generally lit- tle grain is being offered. It was definitely a sellers market last according to the Alberta Grain Com- mission. Rangers in the Lethbndge area are wheat oats 1.20-1.45 and barley 2.10-2.20. Medicine Hat Brooks buyers bids ranging as wheat 2.80- 3.25. oats 1.25-1.35 and barley 2.10- 2.20. Around Calgary bids are wheat 3.10-3.34. oats 1.15-1.25 and barley 2.00-2.20. Red Deer reporter jidvises ranges on wheat 2.75-3.30roats 1.05-1.10 and barley 1.80-2.00. Again Vermilion price bids did not change with wheat oats 0.95-1.30 and barley 1.80-2.00. Edmonton buyers reported bidding wheat oats 1.15- 1.25 and barley 2.00-2.20. Falrview reporter for Peace River area advised the following wheat 2.50-3.00. oats 1.10-1.25 and barley 1.80-2.05. Egg EDMONTON Last week's egg and poultry report issued by the federal agriculture EGOS To A large A medium A small B C cracks 28. To A large A medium A small 62-64. To consumers A large A medium A small 67-70. POULTRY To Live No. 1 chicken 6 and 5 and under 33. Fowl under turkey un- der 12 to over Live No. 2 chicken 6 and over 5 and under Turkey un- der 12 to over Dividends CANADIAN CHUM year ended Aug. Si M cents a 53 cents. nine months ended Sept. 1973 18.4 cents a cents on fewer shares. Herald- Business Stocks Miscellaneous Montreal WESTERN OILS A MINES Afton 8.80 Albany Oil Gas .87 Alminex 7.00 Asamera 15.25 Ashland Oil Qas Alta East Gas 7.65 BP Canada Brenda Mines 8.40 Can Southern 5.65 Cdn Export Gas 4.10 Cdn Homestead 8.25 Cdn Ind Qas 4 Oil Cdn Long Island .22 Chleftan 12.62'A Cdn Superior 56.37V. Dome Pew Dynasty 12.00 Fort Reliance .24 Giant Mascot 2.95 Gibraltar Mines 12.50 Graniste 9.25 Great Plains 30.75 Grt Cdn Oil Sands 9.00 Lochiel Explor 3.05 Lytton Minerals 1.50 Noble Mines 1.10 North Cdn Oils 7.10 Numac 18.25 PanCdn Pete 14.50 Pan Ocean 17.50 Petrol 1.82 Pinnacle .22 Place Gas .60 Pander .60 Ranger Oil 30.50 Scurry Rainbow 23.25 Seibens 15.87V4 Spooner .43 Psts 7.25 Ulster Pete 1.35 United Canso 23.00 Westeoast Pete 6.25 West Decalta 7.60 MISCELLANEOUS INDUSTRIES Acres Ltd 13.00 Aquitalne 25.50 BC Sugar A 14.62V4 Block Bros 3.30 Cdn Pac Inv A Pfd 34.37 'A Com Capital Corp 3.00 Cdn Brew A Pfd Cdn Brew B Pfd 31.25 Crestbrook Forest 11.00 Crowsnest Indus 28.25 Falcon Copper 13.75 F M Trust Genstar 19.12V4 Global Communication 45.00 Home Oil A 53.50 Home Oil B 49.00 Hudson Bay Co 20.50 Hudson Bay Oil 45.25 Hud Bay Oil A 55.25 Hugh Rus C 59.00 Husky Oil 27.75 Husky Oil B Pfd 42.12V4 Husky Oil D War Husky Oil E War 13.37V4 Hys of Canada 4.00 Inter Prov Pipe War 8.85 Inter Prov S P 14.50 Kaiser Res 5.00 Loblaw 2.40 C Pfd 27.75 Magnasonics 8.00 Pacific Pete 33.50 Pacific West Airlines 9.25 Pa-Ben Oilfield Rainier Inc 4.87V4 Royal Trust 27.25 Sandwell 6.00 Tetodyne West Cdn Seed Westfield Min Westons A Pfd Whltepass Yukon PIPE LINE STOCKS Alta Gas Tr A Alta Gas Tr Alta Nat Gas Inland Nat Gas Gaz Metro Gaz Metro A North Cent Gas North Cent Gas B Pac Gas Trans Trans-Can Pipe Trans-Can Pipe A Trans-Can Pipe B Trans-CAn Pipe War West Trans West Trans Wts 4.30 5.25 1.32 60.62V4 10.25 11.37V4 67.75 19.50 5.50 67.50 1T.25 23.50 11.00 32.87V4 61.00 39.75 6.90 3.10 CALGARY Acroll .68 Barons Oils .04 North Contln .0114 West Warner .31 VANCOUVER MINES Atlas Explor .33 Bath Norse .75 Dankoe 2.33 Davenport .43 Dolly Varden .22 Equitorial Res .15 Lornex Primer .05 Pyramid .12 Silv Stand 1.20 valley Copper 9.75 INDUSTRIALS Colum Brew 3.20 Key Industries .15 Wardalr 1.60 OILS PRP Explor .95 Plains Pete .24 Pond Explor .84 Stamp Intl Res .87 MUTUAL FUNDS All Cdn Com 7.18 7.81 All Cdn DIV 7.61 8.27 All Cdn Ven 3.90 4.24 Amer Grow F 5.46 6.00 AGF Spe 2.86 Cdn Invest F 5.29 5.80 Collec Mutual 6.06 6.65 Com Inter 14.65 16.10' Com Leverage 3.73 4.10 Com Venture 7.07 7.77 Corp Investors 6.60 7.25 Corp Invest S F 5.49 6.03 Dreyfus F US 11.43 12.53 Grt Pacific 4.85 5.30 Grpd Income 3.62 3.98 Grow Equity 8.03 8.82 Invest Grow F 12.73 1391 Invest Mutual 6.01 6.58 Mut Accum 6.42 7.06 Mut Grow F 3.69 4.36 Nat Resources 5.27 5.81 NW Cdn 5.91 6.49 Growth 5.04 5.54 Principal Grow 4.98 5.47 Prov Mutual 7.95 8.70 Royfund 7.15 7.44 Temple Growth B.25 9.05 Unit Accum 5.17 5.68 Drivers Savings 8.28 9.11 Univest 6.38 7.01 Vanguard 6.55 7.29 Toronto industrials by Richardson Securities of Tel Advocate Forest Sugar A valley Ind. Ind. Breweries Can. NW Cellulose Canada Power Credit Central Pfd. Indus. Con Marconi Cons. Vlckers Coin Coc Craigmont Dlckenson Cons. Bathurst Denlson Gas Seagrams Dome Bridge Discovery Mines East Dom. Textile East Stores Pete First Mobile Giant Cdn. Oil Grand Motors Lakes Paper Hudson Bay Cda. Hydra Iron Sid. Walker. Joliet Kerr Oil Key Nickel Lake Pipe Langis Grp A Madsen Inter. Malartic Accept. Martin Macintyre Meta Doug A Laurentide intern Mogul Nu Wen Homes New 9.75' A Met. Stores Massey Ferguson New Bloe. Corp. Northgate A Molsons B Pine Placer Pax Corp. Quebec Co. Rayrock Shell CDA Rio AKJom Roman Corp. 'Sherrltt 12.87 Vi 17.1 Simpsons Sears Steel of Can. Steep A Tek Grp A United Mtn. Pipe Western Can. Pipe W. Houaa Cop Carbide Wright Hargreaves Gas Union Oil Sltcoe Yallowknife Mfg. B 11 A.M. A Cdn. Seed Etoc. AKjoma Atco imperial Jan Agra Scotia BeM Brzlllan New York by fUchu49M SecwM flf Arm. Anaconda 48.00 53.25 16.25 23.00 19.00 34.25 9.75 4.60 23.50 2.25 10.50 18.75 3.75 37.00 29.00 16.50 42.50 38.75 24.75 9.75 14.00 39.00 8.75 59.75 25.00 17.25 55.00 44.50 30.25 9.25 11.00 4.65 14.00 21.50 36.25 54.25 24.25 12.25 11.00 13.00 16.75 15.75 12.00 16.50 17.50 15.75 32.75 16.50 8.40 19.75 22.75 5.25 3.20 30.25 35.40 37.50 t Cteatt Cwt. nine months ended Sept. 33 cents a 19 cents. Chrysler Comsat Dupont Owwral Motors Quit mi. rtarwvivr Kenn. Copper Montgomery Ward Sears Exxon Tenaa OuH Texaa Co. Win 5t.1v 22.28. 89.28 29.00 31 .M 14.80 10 Base Metals 104.80 down 1.51 15 Western Oils 270.66 down 4.96 Volume NEW YORK AVERAGES 20 industrials 889.80 down 18.80 20 Rails 190.94 down 4.44 18 UMtttM 94.94 down 1 M 88 276.S1 down 194 Volume U.S. foreign oil imports higher than 1972 figures Tex. An Anterican Petroleum Institute report issued today said United States imports of foreign oil are 31.4 per cent higher so far in 1973 than they were in the first 10 months of 1972. Effects of the Arab oil em- bargo were not projected for the rest of the year in the which covered the period ending Oct. 31. Declining domestic produc- tion has forced U.S. refiners to obtain 26 per cent of their crude-oil supplies from foreign sources in the first 10 months of compared with 18 per cent in the report said. The report was released prior to today's opening of the annual meeting of the in- stitute that represents all segments of the U.S. oil and gas industry. SOURCE NOT GIVEN The report said an es- timated 6.07 million barrels of foreign oil and petroleum supplies imported each day during the first 10 months of 1973. The report gave no breakdown of how much of this oil came from any out an earlier interior depart- ment report indicated daily imports of about 1.1 million barrels of crude oil and about barrels of products could be traced to Arab countries in mid-October. The report said domestic refineries processed a record 12.5 million barrels of crude oil a day the first 10 months this a 7.4-per-cent increase over 1972. It said this figure included 3.2 million barrels of foreign oil. It also said total domestic demand for petroleum products in the 10-month period averaged a record 17 million barrels a an increase of 6.9 per cent over the previous year. Motor gasoline demand climbed to 6.7 million barrels a a 5.2-per-cent increase that amounts to 4.3 billion gallons of gasoline. Domestic production of crude oil has averaged 8.9 million barrels a day this down two per cent over last the report said. B.C. construction Develop cost rise hinted program Construction cost in British Columbia will probably jump Wheat export embargo said 'inevitable' LONDON A United States government em- bargo on wheat exports seems 'inevitable' by next summer if current statistics are says the Chairman of the Chicago Board of Trade. Frederick Uhlmann told a news conference here that current commitments reported by U.S. together with an assessment of domestic requirements for indicate what he described as a shortfall in re- quirements of wheat at the start of the 1974-75 crop year next July. 15 per cent during the next says the president of the B.C. Construction Association. Wayne Farmer said this was almost double the annual increase during the past two years. Mr. Farmer said there had been a tremendous increase in the costs of all materials. has been caused by high demand and the resulting short and the devaluation of the he said. don't se any reason why this trend won't continue. addition there are the upcoming labor negotiations when contracts expire. next Mr. Farmer also predicted that construction volume in the province next year should be up from this year's billion. on gas EDMONTON A long-term program to develop a petrochemical industry in Alberta was announced here by Alberta Gas Trunk Lines Company Ltd. The company announced it is working with Canadian In- dustries Ltd. on a program to establish secon- dary processing of natural gas within Alberta borders. Construction could begin next year on facilities to ex- tract 1.3 billion pounds of ethane a year from Alberta natural gas. The ethane would be converted into one billion pounds a year of a building block used in the manufacture of petro- chemical products. The announcement gave no specific indication of locations for plants. Sears lights the way for a Merry Christmas 15 Light Outdoor Set Featuring the new Push and twist sockets. Push bulb straight in until then give a light twist to secure the socket 25 Light Outdoor Set Equipped with Premier quality bulbs and safety sockets. Multiple each bulb burns independently 30 Outdoor Light Set For outdoor and Indoors use. Only 110-120 volts. 9 ft. extension cord Included 3 5 6 49 59 19 Sears Ltd. you Hnm guarantee Dally a.m. to p.m. ThurxMy Friday to p.m. dntra Mail. PMrM 328-9231 ;