Lethbridge Herald, The (Newspaper) - November 28, 1973, Lethbridge, Alberta
Toronto market prices register sharp gains aotCahadian Imports and Exports based on 1961 dollars 2O of Exports Imports 10 I960 1965 1970 1975 1976 Import and export The Economic Council of in its 10th annual projects continued strong growth in the nation's economy through 1976. The council estimated increases in exports at six per cent a year and imports at 7.5 per which would put imports at about billion and exports at about billion by 1976. Chicago CHICAGO Commodity futures again came under selling pressure on major exchanges but there were a few exceptions. Soybeans and soybean meal futures again fell to limits for one session on the board of trade. Wheat and soybean oil staged last- minute rallies. Cattle futures fell the limit of a hundredweight on the Mercantile Ex- change while live hogs eased up to a hundredweight and pork bellies were down as much as 150 points with shell eggs closing on an uneven tone. World Sugar was uneven. Limit declines were posted on the Board of Trade on the opening in com and oats and con- siderable weakness was displayed in wheat and soybean oil. Soybeans and meal remained locked on limits lower into the but there was some trade in distant options of soybean oil. Corn and oats came off lows in the closing minutes when a strong new buying move accompanied by short- covering lifted wheat futures sharply. Uncertainty concerning effects on the energy crisis also influenced con- tinued selling in cattle and hog futures on the Mercantile There was another liberal hog run at major yards Tuesday and this contributed to the bearish mood in futures. Hog slaughterings increased in re- cent days and this was a selling factor for pork bellies. Lower cash prices influenced a selloff in eggs Grain quotations Tuesday- Wheat- Dec Mar May Jul Sep 3.88. Com- Dec 2 Mar May Jul Sep Dec Mar 2.40. Oats. Dec Mar May Jul Sep 1.24. Winnipeg grain WINNIPEG Trading remained light at mid-session on the Winnipeg Commodity Exchange today with little buyer interest. Flax maintained firmer prices but oats and Vancouver rapeseed eased. Trading volume Tuesday was rapeseed rye flax barley and oats Mid-session Flax- Dec. not May 5V4 higher July and Oct. not open. Rapeseed Vancouver. Nov Vi lower Dividends By THE CANADIAN PRESS Dividends are quarterly unless otherwise noted. Crows Neil Indnitriei 50 Dec. record Dec. 10. DMtbue Ealerprliei 16 an increase of 2Vi Dec. record Dec. 17. Gil Metropolitan seven plus an extra of seven per cent 1966 5.40 per cent 1965 all pay- able Dec record Dec. 14. Hamilton Group five per cent pfd Feb. record Jan. 31. Hwne Oil Co. class 25 Class 25 semi- both payable Jan. record Dec. 7. Lincoln Trait and 25 Jan. record Jan. 2. Nii-Weit Development 10 a decrease of five May record May 10 Nov. record Nov. 5. Currencies MONTREAL Wednesday's mid-day foreign exchange nominal selling rates supplied by the Bank of Australia dollar 1.49 China renminbi .5130 Denmark Kroner .1720 France franc financial .2200 Germany mark .3900 Italy lira commercial .001710 Japan yen .003610 Mexico peso .0810 Switzerland franc .3185 United States dollar 1.0025 United Kingdom pound 2.38 U.S.S.R. ruble 1.4039 Quotations in Canadian funds. Jan 3tt lower March 1 lower June not open. Rapeseed Thunder Dec. higher May higher 5 July and Oct. not open. Dec not May 5 lower July not open. Dec. May lower July not open. Dec. 8 higher May higher July not open. WINNIPEG Grain quotes Tuesday basis High Low Close Flax Dec 1046 1017 1046 May 943 Jly 950 935 950 Oct 866 Rapeseed Vancouver Nov 546'A Jan 551'-2 Mar 547 537 537 Jun 531 Rapeseed Thunder Bay Dec May 508 Jly 508 Oct 500 Gats Dec 156 May 156 Jly Barley Dec 239 May 240 Jly 228 '226 228 Rye Dec 270 261 270 May 275'A 265 Jly 261'A Toronto volume at 11 a.m. was 000 up from at the same time Tuesday. Advances outnumbered declines 164 to 73 with 196 issues unchanged. Paper and mer- chandising and steel stocks were among the 16 industrial sub-groups to rise. Only the utility Index was lower. Nickel rose 1H to Noranda A 1H to Texasgulf IVi to Dome Pete to and MacMJUan 1H to 63344. Dynasty gained IVt to Placer itt to and Signs 1 to Denison lost 4 to 651tt. United Canso was up Hi to Pan Ocean ft to and Canadian Superior to MONTREAL Prices on the Montreal stock market rose today in moderate morning trading. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was compared with shares at the same time Tuesday. Papers climbed 3.06 to 130 banks 2.76 to industrials 1.85 to the composite 1.62 to and utilities .29 to 142.39. On the Montreal Stock MacMillan Bloedel rose to Pacific Petroleums to Massey Ferguson to North and Central Gas Corp. to and Pan Ocean Oil Vt to On the Canadian Stock Patricia Silver Mines Ltd. remained unchanged at seven cents on a volume of shares. VANCOUVER Prices were jown Tuesday in moderate trading on the Vancouver Stock Exchange. Volume was shares. On the industrials Captain International fell .15 to on a tur- nover of shares. Corral In- dustries fell .15 to 14.25 on shares. Speculators fund rose .01 to on 8.- 200 shares. EDP Industries rose .02 to .22 on 7.100 shares. Block Brothers fell .10 to and Woodwards was at 121.75. In the mines. Leemac Mines fell 05 'A to 19 on shares. Cutlass was up .01 to on shares. Cop-Ex Mining was at .44 on shares. Joy Industries was down .01 at .64 on shares. Pacific Resources was down .04 at S1.05. In the Princess Ventures was down .02 at .30 on shares Coseka Resources was at on 964 shares Futurities was at 10 on 500 shares Vargas was down .01 at 13 on shares. Earlcrest was at .OS'-i and Seneca Developments was down .01 at 05. NEW YORK The stock market lost most of its early sharp gains as the early technical rally appeared to fizzle. The Dow Jones average of 30 in- dustrials at noon was up 1.96 at after having been up nearly 13 points earlier in the session. Advances topped declines on the New York Stock Ex- change by about two to one. Among Canadians on the New York exchange. Dome Mines was up sharply 4'jfc to Massey-Ferguson up to Alcan also 'A to Canadian Pacific to and International Nickel 'A to Mclntyre was doim to Hud- son's Bay J'J to Hiram Walker to Genstar V4 to and .Seagrams 'A to On tne American Scurry Rainbow gained 'A to Neonex dropped to and Preston 'A to Brascan was un- changed at Livestock Calgary Matals LONDON Closing metals bid-ask in pounds sterling a metric silver in pence a troy ounce. Copper-Spot futures 859- 869. TIa-Spot futures 2405- 2407. Lead-Spot futures 215.5- Ztac-Spot futures 657-662. Silver-Spot 3 months 121.7-121.8. Gold prices LONDON closing gold prices in U.S. dollars an LMdn-92.50. Pirii-M 07. Fnmkhrt-tl.27. Zarich-92.75. Hoag per kilo Dollar value MONTREAL U.S. dollar in of Canadian funds at noon Wednesday was unchanged at par. Pound sterling was down 19-10 at tZ.33 11-JO. In New toe Canadian dollar fas also unchanged at par. Pound iterling was down 1 S-lOatU 3311-10. Gold futures WINNIPEG Gold I S. funds. Winnipeg Commodity Ex- close Tuesday. Jan 74 Apr 74 99 lly 74 Ocl 74 104.50B. Ian 75 106 90B Monday's 21 contracts. CALGARY Receipts to 11 a.m Wednesday from the Calgary public stockyards totalled about 1.300 mostly cows and steers. Trade was active on dull on steers with a narrow demand. Slaughter steers sold steady with sales to 47.50. Over finished steers sold under pressure. There were insufficient heifers sold early to establish quotations. Cows were mostly in the lower sell- ing steady. Bulls sold steady. Steers Al and 2 A3 A4 41-43. Cows Dl and 2 D3 J9.50- D4 25-29. Good bulls 4042.90. Replacement cattle were mostly fleshy short-keep steers in the 850 to 000 pound weight range selling steady. There were insufficient stock calves sold early to establish a market. Good feeder steers over 850 pounds 42-46. Good feeder cows 28-35. Hogs f.o.b. Calgary to 11 a.m. average base price 53.50. Hog prices EDMONTON Average prices to 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board with Tuesday average in Edmonton. Red 53.60 53 50 Nil Nil Fort Nil Grande 53.75 Fatrview. Nil Total hogs sold to 11 a.m. sold Tuesday average 54.50. Sows nil. Pert Macleed FORT MACLEOD On offer by Fort Macleod Auction Market last week were 2.639 head of cattle and calves. receipts consisted mainly of cows and slaughter heifers. Prices were steady with last week for both slaughter and feeder cattle. SLAUGHTER CATTCE Insufficient receipts of slaughter steers to quote an accurate market. Choice heifers 43 to medium heifers 41 to good cows 31 to medium cows 28 to caruiers and cutters 23 to medium balogna bulls 33.75 to 36.25. STOCKERS AND FEEDERS Good short keep feeder steers to 975 47 to good yearling steers to 850 51 to 53.75. to 975 48 to 51.25. feeder heifers to 675 46 to 775 44 to good feeder cows 28 to with heifery kinds to 36. at the stock cow and bred heifer Charolais cross to red white face and black white face to 440. Good young ranch cows to 435. medium cows to 375. the bulk of the calves on offer weighed over 500 pounds with quality off on quite a few numbers. Good steer calves to 525 60 to 65. and over 58 to 63. Good heifer calves to 450 SO to replacements to 57. Beef futures WINNIPEG Live beef futures close Tuesday. Jan Mar May Jly 51 50A. Monday's volume- Two contracts. By THE CANADIAN PRESS. CaMdlene war ended Oct. a fl.l7. Canto MfeM now irate ended Sept. ft cents a 37 cents DMglai nine months ended Stpt. 14 cents a is Pacfcen 14 weeks enoed Sept. II cents a 31 cents. Hawker Slddelev Caaadt Ltd.. nine months ended Sept U cents a It cents. laeVitrtes Ltd.. six months ended Oct. 61 cents a 43 CMU. LegMee nine ended Sept foar cents a six cents. M.E.P.C. CaaHaa Pitjputui mar ended Sept. 1671 NS Marftetkaj nine months ended NaHewai Trast year ended Oct. a Herald- Business TORONTO The Toronto dock market responded to a rally at New York with iharp gains In active nud-moraing tndUtg today. The ladustrial iadu. caoaidmd the mater lodkalor of market was up 106 to The indei had fallen potato duriog the previous two Golds rose 11.1 to base metals 1J1 to 06JO and western ollf 1.47 to 176.11. Analysts said indications that UK Arabs might be easing their oil em- bargo contributed to the markets' Stocks Miscellaneous Montreal by McQMlf Ltf WESTERN OILS AND MINES Alton 7.40 Albany .09 Almlnex 7.40 Aaamtra 13.00 Attend Oil AIU GM 7.20 BP Canada 14.00 Mlnw 7.60 Can South 4.95 Cdn Ex Qw 3.90 Cdn Homwtd 7.1S Cdn Ind GM Oil 9.00 Cdn Long .16 Chtofttn 11.00 Cdn Super 59.37Vi Pete 37.60 Dynasty 11.00 Fort Reliance .22 Giant Mascot 2.35 Gibraltar Mines 10.37V4 Granisle 9.50 Gt Plains 29.12V4 Gt Cdn Oil S 11.50 Lochiel Ex 2.83 Lytton Mln 1.25 Noble Mines .83 North Cdn Oil 6.45 Numac 16.00 Pancdn Pete 14.25 Pan Ocean 18.00 Petrol 1.78 Pinnacle .21 Place Gas .52 Ponder .55 Ranger Oil 29.25 Scurry Rain 21.12'xf Seibens 15.12Vi Spooner .35- Total Pete 6.20 Ulster Pete 1.14 United Canso 19.75 West Pete West Decalta 7.10 MISCELLANEOUS INDUSTRIES Acres Ltd 11.00 Aqultalne 26.25 BC Sugar A Pfd 14.50 Block Bros 3.30 Cdn Pac Inv A Pfd 32.00 Com Cap Corp 2.65 Carling O'Keefe A Pfd 25.00 Carling O'Keefe B Pfd 29.50 Crestbrook Ind 8.50 Crowsnest lncT Falcon Copper F and M Trust 5.00 Gonstar 17.00 Global Comm Unit 44.00 Home A 55.00 Home B 48.50 Hud Bay Co 18.25 Hud Bay Oil 47.00 Hud Bay A Pfd 53.00 Hugh Russell 49.00 Husky Oil 26.25 Husky B Pfd 42.25 Husky D War 11.75 Husky E War 13.00 Hys of Canada 3.60 Inter Prov Pipe 7.60 Inter Prov Steel Kaiser Res 4.80 Loblaw C Pfd Magnasonlcs 7.50 Pacific Pete 34.25 Pac West Air 7.75 Pe-Ben Oilfield 6.50 Rainier Inc 4.25 Royal Truct ScndwMI Tetadyrw Cdn 8wd Mln WMton A Pfd Yukon 27.2S 4.35 9.00 1.12 60.00 9.1214 PIPE LINE STOCKS Aha Ow A AhaGwPtd 88.50 AIM Nat Ou 17.00 Inland Nat Gat 9.50 Qaz Metro 5.25 Gaz Metro A Pld 67.75 N and C Gat N and C 6 Pfd 22.25 Pacific Tram 10.00 Trans Can Pipe 34.25 Tr Can A Pfd Tr Can B Pfd 36.25 Tr Can War 6.00 WC Trans 22.1214 WC Trans Wts 4.00 CALGARY AcroH .60 Oils .04 N Continental .01 14 West Warn .45 VANCOUVER MINES Atlas Exptor .26 Bath Norse .75 Dankoe 2.05 Davenport .33 Dolly Varden .18V4 Res .13 Lornex 9.50 Primer .09 Pyramid Sllv Standard 1.09 Valley Copper 9.50 INDUSTRIALS Colum Brew 2.80 Key Indus .15 Wardair 1.60 OILS Plains Pete .22 Pond Expior .70 Stamp Intl Res .75 MUTUAL FUNDS All Cdn Compound 6.55 7.12 All Cdn Dividend 6.95 7.56 All Cdn Ventures 3.4B 3.75 Amer Grow F 4.95 5.44 AGF Special 2.S5 Cdn Invest F 4.96 5.43 Collect Mutual 5.37 5.90 Com Inter. 13.49 14.32 Com Leverage 3.27 3.59 Com Venture 6.05 6.65 Corp Invest 6.21 6.82 Corp Invest S F 5.05 5.55 Dreyfus Fund US 10.36 11.35 Grt Pacific 4.66 5.09 Grpd Income 3.22 3.55 Grow Equity 7.16 7.89 Invest Grow F 11.89 12. Invest Mutual 5.68 6.21 Mut Accumulat 5.98 6.58 Mut Grow F 3.2C 3.52 Nat Resources 4.85 5.33 NW Cdn 5.29 5.81 NW Growth 4.40 4.84 Prm Growth 4.40 4.84 Prov Mutual 7.46 8.16 Royfund 6.67 6.94 Temple Grow 7.49 8.21 United Accum 4.73 5.20 Unlver Sav 8.04 8.85 Unlvest 6.00 6.59 Vanguard 5.76 6.31 Toronto by Richardson Securities of MINES Acme .11V4 Advocate Asb. 1.28 Akaltcho 1.15 Bralorne 1.55 Broulan .42 Bethlehem 14.25 Bovls 2.10 Brunswick 5.15 Can. NW Land 7.20 Canada Tung. 2.95 Castlar 10.75 Central Pat. .83 Chlmo -95 Conwest 4.05 Cons. Rambler 2.70 Coin Lake .13 Cochenour .75 Cralgmont 6.70 Dickenson 'Mines 3.25 Denison Mines 49.87V4 D'Eldona .38 Dome Mines 115.50 Discovery Mines 1.02 East Malartic 4.10 East Sullivan 2.42 Falconbrldge 66.50 Frobex .22 Rrst Marltlmes .66 Giant Y.K. 8.85 Granduc 3.30 Holllnger 44.50 Hudson Bay Hydra Ex. .05 Iron Bay 3.60 Iso 1.68 Joliet Quebec .21 Vi Kerr Addison 12.25 Key Anacon .27 Labrador 49.75 Lake Shore 2.65 Langis Silver .04 Madsen R.L 1.20 Malartic G.F. .82 Martin McNeely .21 Maclntyre 52.25 Meta .l4Vi Midrim -13 Intern Mogul 9.00 Nu West Homes 8.75 New Athona .11 New Calumet Noranda 49.6214 Northgate 4.25 Nortex .34 Pine Point 33.00 Placer Dev Pax Exp. 1-15 Rayrock 1.00 Radiore .28 RiO Algom 33.75 Roman Corp. 13.25 Sherrin Gordon 14.75 Steep Rock 1.80 Tek Corp. 3.60' Texmont .19 United Canso 19.62V4 Western Mines 2.90 W. House Copper Mines 2.95 Wright Hargreaves .81 Willroy 1.07 Windfall .1014 Yetlowknrfe Bear 4.60 Zenmac .08 INDUSTRIALS Ablllbl 11.50 Alcan 35.37 W Algoma Steel 19.75 Atco Ind 15.50 Jannock 6.25 Agra Ind Bell Tel 40.75 Brazilian Trac 17.8714 BC Tel Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Carling O'Keefe Chemcell Cdn Cellulose Cal Power Coron Credit CWN Gas Pfd Cdn Industries Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dlst Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Huron 8 Erie Imperial Oil Imasca int Nickel int Pipe Inv Grp A IU Internal Indust Accept Kaps Kelly Doug A Laurentide Loeb Loblaw A Metropolitan Mass Ferg McMil Bloed Moore Corp Molsons A Moisons B Nacnurs North Cent Bower 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 GM Union Oil United Versatile Mfg Westeet West Cdn Seed Zenith Elec Cdn imperial Montreal Nova Scotia Royal Toronlo-Dom BANKS 53.00 15.50 18.8714 19.00 30.B7V4 16.25 8.50 4.05 5.3714 23.50 2.25 10.75 17.00 3.40 17.75 15.3714 34.6214 25.50 15.8714 41.00 36.50 22.00 8.00 13.25 37.00 29.00 8.50 11.62V4 49.00 22.50 33.25 18.25 4.75 51.50 30.00 41.6214 28.00 32.50 22.75 8.75 17.00 4.90 5.00 10.1214 4.44 5.6214 10.6714 19.62 Vt 32.75 52.3714 22.25 23.25 12.25 10.75 14.75 13.8714 18.50 8.00 10.75 26.00 15.00 46.50 16.00 17.1214 34.00 18.00 0.62 Vi 15.2S 5.00 6.25 16.8714 5.00 3.00 28.50 19.00 37.50 36.1214 35.75 New York by Richardson Securities of Amr. T4T 47.e2Vi woolworm Anaconda 22.75 WestinghouM Elec. 33.00 Beth. 28.3714 U.S. Stwl 33.1214 Chryiler 18.00 Gen. Tel. ENw. 24.75 Comsat 43.50 TORONTO AVERAOtS Dupom 15S.7S 20 industrials 213.76 up General Motors 4S.37V4 20 QoMe 326.05 up 17.02 Quit 21.60 10 Bate 94.6S up .87 Int. Harvester 24.8714 is Western Otla 266.11 up 3.47 Kenn. Copper 35.8714 volume Montgomery Ward 21.25 NEW YORK AVERAGES 61.6214 20 industrials 817.50 down .22 Exxon M.12V4 20 down .99 Texas Gulf 26.25 15 Utilities 88.28 down .98 Taxas Co. 28.3714 65 255.40 down .74 Wlx Corporation B ooo CHRISTMAS COLOR TV fine tuning and tint controls channel selector.............. CONSOLE COLOR TV fine tuning One Year warranty. only '777 COLOR TV fine tuning picture lock only......... 2T COLOR TV tuner matrix picture tube touch color system m m CONSOLE COLOR TV -over solid state fine tuning style finish with casters only vHUH WWW Black and White TV compact TV FREE 10 DAY TRIAL ON ALL COLOR SETS Irritant 3-Ftoi COMPONENT STEREO -with cassette radio Bradford COLOR TV state tuner tint lock and forget volume control Flaitwood COLOR TV fine picture lock only WtStiUlJtOHM COLOR TV solid state picture control model can be used as table model -1 only U UliJ Sanyo BLACK AND WHITE TV compact TV with carrying handle Reg. BLACK and WHITE TV state antenna's BUY NOW NO PAYMENTS TILL NEXT YEAR ASK ABOUT ONE OF OUR CONVENIENT CHARGE ACCOUNTS Symphonic STEREO stereo track AO 96 STEREO track with radio model only Bradford CONSOLE STEREO changer track with radio wood only 299 CONSOU STEREO cassette changer Model 1 only CONSOLE STEREO radio A Electro-Phonic COMP. PACKAGE DEAL receiver headphones 8 track 1 only 396 Bictro-PkMlc CONSOLE STEREO -8 track with radio -Spanish model -1 only Bradford Component Stereo I -8 Track Radio STEREO Mono radio long '189 only CONSOU STEREO '309 radio through Zellers County Fair locatad In ZaNoraShopping Contraon Mayor Magraflftrtvo Totophom Opm a.m. to I p.m. Thuroday and Friday a.m. to t p-m.