Lethbridge Herald, The (Newspaper) - November 23, 1973, Lethbridge, Alberta
28-THE LETHBRIDOe HERALD November 1973 TSE oil9 trust stocks others lower TOHONTO Ifl'i Prices on the Toronto slock market moved lower in moderate nudmorning trading today. The industrial considered the major indicator market trend was off to 220 lit and biisc metals 70 to 99 87 rose 1.77 to 290 39 Jnd western oils 4.46 lu 275 10. Volume by 11 a.in was 657.000 shares i-imiparud with 443.000 at the same time Thursday Advances held a slight lead over declines. 137 to 127. with 178 issues un- changed Const ruction and mate oil trust and loan and beverage stocks were sectors ol the market recording IMin.t while bank steel and pipeline issues were lower Tlicix- was j delayed opening in shares ol Denivm Mines The stock closed Thursday up 1' i i. near the year's high ol Cara Operations rose 'a to Husky Oil Mo V Shell Canada Imperial Oil to i and Canadian i to Kleclrohome fell l-i to Kalconbndgc Nickel I1 to White and Yukon 'z to S9U. Tonecraft 't lo and Dolasco to Preston rose -'i to and Roman Corp. S to Anglo United was off two cents to 85 cents Croat Canadian Oil sands gained to Sir. and Pan Ocean to MONTREAL Prices were mixed in light trading on the Montreal stock market toddy Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 290.800 compared with 288.700 at the bdme time Thursday. Industrials rose .41 to 248 56. the com- posite 12 to 230 71. and 05 to276.16 while papers fell 1 16 to 136 and utilities 7R to 143 36 On the Montreal Stock Exchange Dome Petroleum rose Pi to Imperial Oil lo i. and Bank of Nova Scotia i to wh'ile Algoma Sleel fell i to and Chrysler Corp i to On Ihe Canadian Slock Exchange. C'abot rose 33 cents to on 54 100 shares traded. up Thursday in light trading on the Vancouver Stock Kxchange VANfOUVKH Prices were on the Volume was 1.211.262 shares On the industrials board. B.C Tel was al on 13.600 shares. Woodwards traded at on 9.870 shares Cornal Industries was up .20 al 90 on 7.450 shares Thermo Plex was unchanged at 85 on 6.500 shares. Cap- lain International was down 02 al 92 and Speculators fund was unchanged al In Ihe mines. Cop-Kx Mining rose .03'2 lo on 84.000 shares. Gold Kivcr rose .01 to 31 on 43.400 shares. Brown-Ovedrton was unchanged al .25 on shares. Gunn Mines rose .05 lo 90 on 33.5UO shares Pinnacle was unchanged al 08 and Kxeler Mines tell 03'i lo 13 Most active issue in the oils was Seneca up 02 at on 31.422 Princess was up .02 lo .34 on 27.500 shares' Concept Resources was Winnipeg grain Currencies MONTUKAl. iC'I'i Friday's mid- lorcign uuhanpc nominal selling supplied bv the Bank ol MnniKMl dollar 1 49 Denmark krnnri .1715 Kiancf lianc linjmul 2240 Crrmjim maik .3870 Iliilv liiii commercial 00172'i .l.ipan OO.IbOO tumc .1175 United Stales dollar I llmlecl Kingdom pound 2 40 USSH uiblc 1 411'W in Canadian lunck Dollar value MONTREAL US dollar in terms ol Canadian funds at noon Friday was down 3-50 at W.99 41-50 Pound ster- ling was down 2 93-100 al 63-100 In New York. Ihe Canadian dollar was up 3-25 al 00 9-50 Pound sterling was down 4 9-50 a I 35 5-20 WINNII'KO iCPi Kapeseed prices I railed actively at near limit Hums at mid session today on Ihe Win- Commodity Kxchange. Locals and houses as well as ex- ixiriors were aelive traders I'Tax continued to post s-trong gains advancing the ilailv cent limit in ncdibj December lulure.s while remaining high in Ihe deferred months. Oats and barley were relatively un- changed in a quiet volume ol business while rye gained five to seven cenls in mixed trade ThuJ'vJay'.s volume ol Irade was 1.127.000 bushels of Max. of oals. 10.000 ul burlev. K.15.000 of rapeseed .mil 2.114.000 ol rve. MID-SKSSION I'HICKS. 1-T.ix Dec. 30 higher May IK-i higher 1028-iA July 21 higher Rapeseed Vancouver. Nov. 20 higher SVH'jH. Jan. 20 higher 5 97A March i Inghei 5.921 lA. June 18'i higher SHH'jA- ltape.sced Thunder Bay. Dec. 20 higher 5 Mav 2o highcr'l59. Julv 11 higher 5 Oats Dec unchanged May 3 Inghci l.lil. Juh unchanged 1.53B un- Low Close not May i h.iiigeil 2 56A. Julv not open Ihe Dec 7 higher 2.88'iB. Mav 5 Ingliei B higher 2.90A. Grain quotes Thursday basis l.jkuhead. High Flax Dec May 1010 Jly Rapeseed Vancouver Nov Jan 577 Mar 574 Jun 570 Rapeseed Thunder Bay Dec 990 570 563 560 555 1080 1010 981 578' 577 574 570 May Jly' Oals Dec May Jlv' Barley Dec Mav Jly Rye Dec May Jlv 287 285 271' 523 539 517 169 158 153 256 226 284 Livestock Calgary Hog prices Metals LONDON Closing metals bid- ask in pounds sterling a metric ton. silver in pence a Iroy ounce Copper-spot futures 863-864 Tln-spol futures 2380- 2 Lead-spot 218-219. fulures 216-217 Zinc-.spol745.-750. fulures 631.632 Silver-spot 118.5-118.7. 3 monlns 122- 1221. CALGARY Receipts lo'll a m .Friday from Ihe Calgary public siockyards lolalled aboul 1.800 mostly replacements and cows. Trade was aclive. There were no slaughter sleers of hellers on offer. Cows sold steady for quality lew bulls sold steady Dl and 2 31 to 33 D3 29 50 to 31. 25 to 29 Good bulls 40 lo 44 Replacements were mostly stock calves These mel a good demand al steady prices. Yearling replacemenl catlle were scarce being mainly steers in the 800 to 850 pound weight range. Good feeder steers more lhan 750 pounds 45 to 55.10 under 750 pounds 47 lo 57 Good stock steer calves more than 400 pounds 53 lo 63. 300 lo 400 pounds 55 to 62 Good stock heifer calves more than 400 pounds 42 lo 50 25. 300 lo 400 pounds 45 to 50 25 with sales to 54. Hogs sold fob Calgary to 11 a.m. average base price 53.20. Beef futures WINNIPEG Live beef fulures close Thursday. Jan 52 00A. Mar 52 May 52.10B. Jly 52 70N Wednesday's volume- 13 conlracts CAREER 1 Starting Salary Over an Hour While we train you we'll pay you a starting wage of between to per hour with time and a half for overtime. You and your family will be covered by Manitoba -Medi Prescription Dental Optical Plan and Group Life Insurance plus liberal vac- ation schedules with pay. Rental units and housing available with subsidized loans for purchase of same. Write us today. Good physical eyesight no less than in either minimum grade eight educa- tion. Immediate openings for year around employment for the following either as apprentices or CUT AND FILL MINERS STATIONARY ENGINEERS- DRIFT MINERS PLUMBER STEAM FITTERS TIMBERMEN LONQHOLE DRILLERS HEAVY DUTY MECHANICS INDUSTRIAL MECHANICS HEAVY EQUIPMENT OPERATORS ELECTRICIANS Qualified tradesmen receive between to Apply in writing giving particulars and phone number Eric Young Employment Supervisor Sherritt Gordon Mines Limited Lynn Manitoba ROB OWO MINES LIMITED KDMONTON Average prices to 11 a m Kriday provided by the Alberta Hog Producers Marketing Bojrd with Thursday average in biacket-s Kdmonlon. 53.15 153031. Red Deer 53.20 Calgaiy 53 15 Nil 153 Uuydminster Nil KOI l Macleod Nil Total hogs sold Thursday 7 B79. average MOB Sows average 40.05 Earnings CANADIAN PRESS Asamera Oil Corp. six months ended Sept. 30- 31.1 cents a 184 cents Atlantic Coast Copper Corp. nine months ended Sept Bank of British year ended Oct. 31. Canada Malting Co. nine months ended Sept. a Canadian Imperial Bank of year ended Oct a 41 Cantol .nine months ended Sept. 39 cents a 37 cents DRG nine months ended Sept. 30. 58 cents a share. 50 cents. Eleclrokome nine months end- ed Sept. 68 cents a Mesa Petroleum .ninemonths ended Sept 30- a Toronto Dominion year ended Oct. a Victoria and Grey Trust ended Oct. a Qold futures iCPl Gold U S funds Winnipeg Commodity Ex- change close Thursday. Jan 74 91 OOB. Apr 74 94 OOB. Jly 74 97.OOA.Ocl 74 Jan 75 102 15B Wednesday's volume' 43 contracts Gold prices LONDON Closing gold prices in U S. dollars an LowhM-90.00 Pirti-92 42 FWMM1-90.3S KMf-W.61 Bcirnt-Closed-holiday. TreaMiy Milt OTTAWA New 91-day treasury bills issued million at an average price of 96.424 and an average yield of 6.42 per cent. Last 1Z20 million at M.413 and 6.47. 182-day 156 million at an average price ol M S23 and an average yield of 6 58 per cent Last week-tSS million at and 52 SPECIAL STOCK COWS mt RRED HEIFERS Featuring... NOV. 27tt M12 NOON KILLAM AUCTION MARKET ALMIITA 1500 M M Oltar 1M BE IN THE SEATS AT KILLAM CMWOM Auction trMll4 Otto Ctrtbtffl vTz'MN KNtom Auction MS-374t MS-MSt Herald- Business up .15 at J4 05 on 16.130 shares. Western Warner was al 35 on 13.050 shares Karlcresl was at 05 and Hand Resources was at SI NKW YORK The stock market was mixed in light trading today. The Dow Jones average of 30 in- dustrials was off 2.03 at at noon while advances led declines 6 to 5 among issues traded on the New' York Stuck Kxchange. Among Canadians on the New York ex- change. Dome Mines was up l'i to 1105'i. Alcan to Pacific i to Massey-Ferguson i to tttf'i. and Mclntyre i to International Nickel declined to SWs. Hiram Walker to and Seagrams 'i to Hudson's Buv was unchanged at On the American Preston was up l'.i to i. Neonex to anil yuebw-oi to Canadian Marconi was unchanged at Stocks Miscellaneous Montreal by McQwlg 11AM. QUOTES WESTERN OILS AND MINES Alton Mines 7.50 Albany Oil .63 Almmex 7.40 Asamera 13.SO Ashland Oil 12-75 Alta East Gas 7.35 BP Canada Brenda Mines 8.10 Can South 5.40 Cdn Ex Gas 4.10 Cdn HoiTiestd 7.50 Cdn Ind Gas Oil Cdn Long is .20 Chieftan 11.50 Cdn Super 58.00 Dome Pele- 39.25 Dynasly 11.50 Fort Reliance .20 Giant Mascot 2.75 Gibraltar Mines 11.50 Granisle 9.00 Gt Plains 29.50 Gt Cdn Oil's 11.50 Lochiel Ex 2.97 Lytton Min 1.40 Noble Mines .95 North Cdn Oils 6.65 Numac 17.25 Pancdn Pete Pan Ocean 19.25 Petrol 1.82 Pinnacle .21V4 Place Gas .55 Ponder .57 Ranger 31 25 Scurry Rain 21.25 Seibens Spooner .39 Total Pete 6.85 Ulster Pete 1 16 United Canso 22 00 West Pete 6.62'xi West Decalta 7.55 MISCELLANEOUS INDUSTRIES Acres Ltd 1200 Aquilaine 25.50 BC Sugar Pfd Block Bros 3.50 Cdn Pac Inv A Pld 32.37V4 Com Cap Corp 2.65 Carlmg O'Keefe A Ptd 25.50 Caning O'Keefe B PW 29 75 Crowsnest Ind 31.00 Falcon Copper 12.75 F and M Trust 5.25 Genslar 18.00 Global Com Unit 4400 Home A 55 25 Home B 49.00 Hud Bay Co 19.25 Hud Bay Oil 46.50 Hud Bay A Pfd 53.00 Hugh Russell 53.00 Husky Oil Husky B Pfd 42.50 Husky D War 12.25 Husky E War 13.50 Hys of Canada 3.70 Inter Prov Pipe 8.00 Inter Prov Steel 13.50 Kaiser Res Loblaw C Pfd Magnasomcs 7.50 Pacific Pete 34.75 Pac West Air 8.25 Pe-Ben Oilfield 6 50 Rainier Inc 4.50 Royal Trust Sand well West Cdn Seed Westlield Min Weslon A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alia Nat Gas Inland Nat Gas Gaz Metro Gaz Metro A Pfd N and C Gas N and C B Pfd Pacific Gas Trans Trans Can Pipe Tr Can A Pfd Tr Can B Pld Tr Can War WC Trans WC Trans Wts CALGARY Acroll Barons Oils N Continental West Warner VANCOUVER MINES Atlas Explor Bath Norse Dankoe Davenport Dolly Varden Equitonal Res Lornex Pnrner Pyramid Silv Stand Valley Copper INDUSTRIALS Colum Brew Key Indus Wardair OILS PRP Explor Plains Pete Pond Explor Stamp Intl Res MUTUAL FUNDS All Cdn Compound All Cdn Dividend All Cdn Ventures Amer Grow f AGF Special Cdn Invest F Collect Mutual Com Inter Com Leverage Com Venture Corp investors Corp Invest S F Dreyfus F U S. Grt Pacific Grpd Income Grow Equity Invest Grow F Invest Mutual Mut Accum Mut Grow F Nat Res NW Cdn NW Grow Pnn Grow Royfund Temple Grow Unit Accum Univer Savings Univest Vanguard 4.45 5.00 1.21 60.00 9.00 11.25 68.62Vi 18.50 5-00 67.50 11.25 22.00 10.25 34.75 38.75 6.50 22.50 4.25 .65 .04 .40 .75 2.15 .34 .21 .10 .15 1.18 9.40 3.05 .15 1.65 .84 .22 .70 .77 6.75 7 34 7.16 7.78 3.16 3.91 5.11 5.62 2.63 5.11 561 5.64 6.19 13.83 15.19 3.41 3.75 6.35 6.98 6.37 7.00 5.24 5.76 1078 11.81 4 67 5.11 3.36 3.70 7.50 8.24 12.16 13.29- 5 79 6 23 6.15 676 3.29 3.62 5.06 5.66 5.57 6.12 4.65 5.11 4.64 5.09 6.89 7.17 7 66 8.39 4.92 5.41 5.39 5 92 6.07 6.67 6 06 6 64 Toronto industrials by Richardson Securities of MINES Acme Advocate Asb. 1.25 Akaitcho 1.12 Bralorne 1.55 Broulan 36 Bethlehem 15.00 Bovis 2.10 Brunswick 5.50 Can NW Land 7.50 Cassiar 11.50 Central Pat .90 Chimo 1.00 Conwesl 4.55 Cons. Rambler 2.95 Coin Lake Cochenour .61 Craigmont 6.90 Dickenson Mines 2.95 D'Eldona Dome Mines 104.00 Discovery Mines .92 East Malartic 345 East Sullivan 252 Falconbridge 70.25 Frobex 23 First Mantimes .72 Giant Y K. 8.25 Granduc 3.75 Hollmger 45.75 Hudson Bay 25 Hydra Ex. .24 Iron Bay 3.55 ISO 1.82 Joliet Quebec .21 Vj Kerr Addison 12.25 Key Anacon .31 Labrador 45.00 Lake Shore 2.73 Langls'Silver .05 Madsen R.L. 1.16 Malartic G.F. .80 Martin McNeely .16V4 Maclntyre 56.75 Meta Midrim .16 Intern Mogul 9.15 Nu West Homes 9.25 New Athona .11 New Calumet .25 Noranda 53.00 Northgate 4.85 Norlex .46 Pine Point 37.75 Placer Dev. 23.25 Quebec Man .13 Rayrock .96 Radlore .28 Rio Algom 36.25 Roman Corp. 15.50 Sherritt Gordon 15.50 Steep Rock '2.00 Tek Corp 3.60 Texmont .20Vi united Canso Western Mines 3.0S W. House Copper Mines 3.05 Wright Hargreaves .81 Willroy 1.06 Windfall .11Vi Yellowknlfe Bear 4.95 Zenmac .08 INDUSTRIALS AbitiDi 12.00 Alcan 36.1 Algoma Steel 20.50 Atco Ind 16.25 Jannock Agra Ind 12.00 Bell Tel Brazilian Trac BC Tel Burns BC Forest BC Sugar A Bow Valley Ind Cable CAE Ind Carlmg O'Keefe Chemcell Cdn Cellulose Calgary Power Coron Credit CWN Gas Ptd Cdn industries Cdn Marconi Cdn Vickers Chrysler CPR Cons Gas Dist Seagrams Domin Bridge Domtar Dom Textile Dom siores Dome Pele Dofasco Glen Mobile Grt Cdn Oil Sands Gen Motors Grt Lakes Paper Gulf Oil Cda Gre hound Hawker Sid Hiram Walker Huron Erie Imperial Oil Imasca int Nickel Int Pipe Inv Group A IU Inl'l Indusl Accept Kaps Kelly Doug A Laureniide Loeb Loblaw A Metropolitan Mass Ferg McMil Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Rothmans Shell CDA' Simpsons Simp Sears Steel Canada .Selkirk A Texaco Traders Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union ON United Siscoe Versatile Mfg Westeel Westons B Woodwards A West Cdn Seed Zenith Elec 18.50 52.75 19.00 33.25 16.50 8.75 4.15 5.62Vi 6.50 23.50 2.15 10.75 1825 3.60 18.87VS 15.75 16.00 42.00 37.00 23.00 8.75 13.50 39.00 29.75 8.75 51.75 32.75 18.37 4.95 53.1 2V4 30.00 43.50 29.50 33.50 9.1 2Vs 20.50 5.00 5.1 2Vj 4.55 5.37 Vi 11.U 20.75 53.00 34.00 23.25 13.1 Cdn Imperial Montreal Nova Scotia Royal Toronto-Dom BANKS 15.75 15.25 8.00 1 1 29.25 15.50 49.75 16.50 16.50 34.25 18.00 16.00 5.60 20.00 21.75 5.00 3.20 29.00 19.75 37.B7V4 36.50 New York by Richarduw Securities of i Amr. Woolworth 19.00 Anaconda 24.29 Wwtlngnouse EMc. 32.75 Beth Steel 28.87V4 U.S. Steel .33.50 Chrysler 19.00 Gen. Tel. Elec. 25.75 Comul 45.25 TORONTO AVERAGES CKipont 160.50 20 219.97 down .55 General Motors 52.00 20 Golds 295.61 up 6.99 Gulf 20.75 10 Base Metals 99.96 down .41 Int. Harvester 15 Western Oils 275.26 up 4.62 Kenn Copper Volume Montgomery Ward NEW YORK AVERAGES Sears 20 Industrials 8 52 down 2.55 Exoon 20 Hails 172.77 up 1.56 Texss Gulf 28.00 15 Utilities 90.90 up .09 Texas Co. 2650 65 Stocks 264.63 Up .14 Turning the pipe Steel pipe to be used on the Trans-Alaska pipeline was bent at this testing facility.to make certain the sections are flexible enough to follow the land con- tours and occasional turns. Pipe has been stockpiled at Prudhoe Fairbanks and Valdez awaiting federal approval of the project. Alaska oil pipeline work four-year building job Alaska By current estimates it may be mid-1978 before the Trans- Alaska pipeline begins feeding oil to an energy-hungry United States. Oil companies which had previously said it would take three years to build the multi- billion dollar project now say it will take closer to four years. The pipeline will stretch 789 miles south from the oil-rich north slope fields.to the ice- free Port of Valdez where tankers ferry oil to the 48 con- tinental states south of Canada. The seven oil firms building the pipeline say they need 000 workers and up to billion. Some officials say a reasonable estimate of construction time is 36 to 42 with another four to six months to get the line fill- ed with north slope crude. Reasons for the tentative extension are intricate. Charles board chairman of Standard Oil Co. of told the Alsaka legislature last month that the planned daily production of barrels during pipeline warmup will be doubled That would mean a total of eight pumping stations to move the oil to tankers in the gulf of Alaska instead of the three envisaged originally. A dozen stations will be needed when the pipeline reaches a capacity of two million barrels daily. Presi- dent Nixon has said the Alaska pipeline's eventual output will equal 8Vz per cent of current U.S. petroleum use. Canada interested in Chianina cattle VAL DI Italy Mammoth white cat- tle command the pastoral countryside used since the time of Caesar as work animals and beef for Italian tables. Now landed aristocrats with hundreds of Chianinas and peasants with as few as three or four are increasingly regarding the animals as a lucrative export to a meat- hungry world. The beasts may form part of a future solution to rising beef costs in North America. Canadian Agriculture Minister Eugene Whelan and his Syd took time out from international farm discussions to journey 135 miles south of Rome last week to inspect the animals. The two donned plastic shoe covers and joined Italian nobleman Guccio Bichi- Ruspoli Forteguerri for a tramp through his centuries- old Chianina slapping and stroking the huge cattle with farm-boy delight. With them were two Cana- dian Leo Kennedy of and Jack Thompson of Por- tage la who are in Italy testing Chianinas for disease in anticipation of sales to Canadian farmers. The two checked 100 calves last week arid will test about 300 more during the next six weeks. They expect that half the beasts will react positive- ly to virulent Iioof-and-mouth disease and be banned for ex- port. But about 200 are expected to be shipped to Canada next a increase from the roughly 60 animals that have been imported since buyers entered the market four years ago. the world's largest cattle weighing between one and two tons and standing as high as six feet when are the major concern of Forteguerri on his 2. ISO-acre estate here. But they are just as impor- tant to countless small Italian inhn iwn Mrn B full year's salary by selling one animal for the going price of between and Canadian buyers are restricted to purchasing Chianinas under eight months since Italy requires a hooof-and-mouth vaccination after that age. Vaccinated animals have the same reaction to hoof-and- mouth tests as those with the disease itself. Chianinas shipped to Canada become part of a growing move towards the breeding of leaner cat- tle that ultimately can mean' cheaper meat for consumers. the gentle beasts pull farm implements for peasants here and grace the rolling hills and valleys of Forteguerri's 13th-century gaining between three and four pounds a day as they graze in the soft Mediterra- nean countryside. Environmental stipulations have forced building of about half the pipeline above ground. That method is more costly and time-consuming than burying but is con- sidered safe in icy soil. When oil was discovered on the north slope in cost es- timates for the pipeline pro- ject were million. The cost now is placed between billion and making it the most expensive private 'construction project ever. One of the first tasks will be construction of 360-mile road from the Yukon River north to Prudhoe roughly parallel to the pipeline ridor. The gravel road to be dug in the permanently frozen ground will cost oil companies million to million and will be the first major artery north of the Yukon. WILL CROSS RIVERS Three mountain ranges and 70 rivers have to be spanned. Workers will avoid river crossings when fish are spawning and the pipeline will be buried below river bottoms except for the where a bridge is planned. The pipeline also will have to be elevated over earth- quake in some areas on pilings 10 feet high. Engineers plan to use a special zig-zag design to enable the half-inch thick steel pipe to absorb shocks up to 8.5 on the Richter scale. The 1964 Good Friday which caused extensive property measured 8.4. The entire line will be wrapped in four inches of plastic insulation to keep the flowing at 145 degrees from congealing. It will also prevent the heat from thawing the ground. Seven six construction camps and a host of communications facilities will be built. Most work on the pipeline will run from March to mid- November. Temperatures plunging to 60 degrees below zero will preclude most activi- ty at other times. Contracts to be offered for new utility wheat WINNIPEG Grain producers in most regions of the prairies will be given the opportunity to grow Glenlea wheat under contract next year. The production which will be offered to producers through country elevator companies in 50-acre are part of the Canadian Wheat Board's market development program for the new utility wheat varieties. The production contracts are designed to enable. the wheat board launch the next stage of the program and begin marketing the new utili- ty wheat variety on a com- mercial basis. Applications and informa- tion aboul the new contracts will be available to producers at country elevators parly in The Canadian Wheat through the eight elevator will accept contract applications on a first-serve with each producer limited initially to one 50-acre contract. As many as grain producers could be involved in the program. Estimates in- dicate that there will be Glenlea will be quired to assign the number of acres under contract to the of utility wheat in their 1974-75 permit books. Each producer is assured of the delivery of up to 50 bushels for each acre under contract. Producers growing Glenlea will receive the initial price for utility wheat prevailing in the 1974-75 crop as well as any final payment available at the end of the vear.