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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 2, 1973, Lethbridge, Alberta 14-THE LETHBRIDGE HERALD Tuesday, October 2, 1973 Toronto market prices higher TORONTO All sec- tors of tin' Toronto stock mar- ket were higher in modem to mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, rose .37 to .85 base metals .17 to and western oils 1.40 to Volume hy 11 a.m. Was 874.- KOii shares compared with at the same time Mon- day Advances were well ahead of declines. 178 to 97 with 207 issues unchanged. Paper and forest, merchan- dising, slei-l and chemical were among gaining market s e c t o r s w h i 1 e tieV'.'i-asie. pipeline, general manuiai-niriiig and real estate issues '.vere lower. Valley rose 1 to Harlequin i to Kelsey- liayes .s to Peoples De- partment Stores 4 to S141 i .md Abiiibi to Trans-Mountain Pipe fell 'z to SHri. 1'ancana 15 cents to and Kaps Transport i to x.s Shcrriti Gordon gained i to Brunswick 20 cents to 45 and Agntco-Eagle 15 cents to S5.15. Mclntyre lost :ls -S52 and Tara to Hanger was up 7s to and i to United Canso was off to MO.YTREAL iCPi Prices were mixed in light trading on the Montreal stock market to- day. Combined volume on the Montreal and Canadian stock exchanges at 1 i a.m. was shares, compared with shares at the same time Monday. Papers rose 2.3t> to 154.30. industrials HI to 257.49. the composite .48 to 237.19 and utilities to 143.60 while banks fell .16 to 278.35. On the Montreal Stock Ex- chatige. MacMillan-Bloedel rose to Massey- Ferguson to S24'a. Moore Corp, '2 to 4 and Peoples Department Stores '.2 to S1411 while Interprovineial Pipe Line Ltd. fell ;'s to S23S. On the (.'anadian Stock Ex- change, Beaver Mining rose eight cents to on 28.700 shares. NEW YORK (AP) Easing short-term interest rates and lower commodity prices sent the stock market higher again today. The Dow Jones average of 30 industrials, which has climbed in eight out of the last nine sessions, was up 2.40 to 951.23 at noon. Among Canadians on the New York exchange, Dome mines at and International Nickel at remained un- changed. Gainers included Alcan up '4 toS37J i: Canadian Pacific up ;is to Massey-Ferguson up 58 to and Mclntyre up Vz to Hudson Bay dropped 's to On the American exchange. Canadian Javelin at and Canadian Marconi at re- mained unchanged. Scurry Rainbow gained to Dollar Winnipeg grain prices value MONTREAL iCP) U.S. dollar in terms' of Canadian funds at noon Tuesday was up :i-25 at 18-25. Pound ster- ling was up 17-100 at 9- 100. In New York, the Canadian dollar was down 3-25 at 7- 25. Pound sterling was down 3- 25 at 2.41 7-20. WINNIPEG (CP) Oilseeds and rye were dropped maximum limits on light activity through mid- session on the Winnipeg Com- modity Exchange today. There was only limited trades completed in the early half of the session with flax down its 40-cent limit and rye was bushels of rye, 'down its maximum of 10 cents. Rapeseed prices ranged from 17 to a maximum of 20 cents below previous close prices as buyers continue to ignore the market. Oats and barley were steady on extremely light activity. Monday's volume of trade REQUIRED IMMEDIATELY Sales parson In recreation vehicle field, Must be ambitious. Atove average earning potential. Please send resume and salary expected to Box 39 LETHBRIDGE HERALD S PERSON Farm machinery manufacturer requires a sales representative to cover Alberta and Montana. Applicants must be free to travel. Farm machinery sales background useful, but will consider a person with related sales experience. Late model car required. Posi- tion offers basic salary, travel expenses, car allowance, and other company benefits, plus commissions. Reply, setting out full par- ticulars as to past experience, age, educa- tion, marital status to Lethbridge Herald. BOX 101 LETHBRIDGE HERALD Livestock reports Lethbridge i Supplied by Canada Department of Agriculture) There were no cattle sales Monday due to the regular sale of weaner and feeder hogs. Sales 650 hogs. All classes of weaner and feeder hogs meeting only fair demand. Weaners sold up to lower. Light feeders sold to lower. Heavy feeder hogs over 130 Ibs. sold about steady. Weaners 14 to 24' i. Light feeders under 100 Ibs. 28 to 35.50. Heavy feeders 100 to 130 Ibs. 34 to 38' i. Heavy feeders over 130 Ibs. 48 to 54.75. All prices per head. Light feeders under 100 Ibs. sold from 33.75 to 53 per hundredweight. Heavy feeders over 100 Ibs. sold from 30.50 to 32.50 per hundredweight. Bred gilts sold to Boars to per head. Butcher hogs sold Monday at the Lethbridge yards base price. Calgary Daniel O'C. Doheny, Q.C. G. Denton Clark The Board of Directors of RCA Limited has elected Daniel O'C. Doheny, Q.C.. as Chairman of the Board and G, Denton Clark as President of RCA Limited, ef- fective October 1. it was announced today by Anthony L, Conrad. President of RCA Corporation. Mr. Dohney. graduate of McGill University, is a partner in the Montreal law firm of Doheny, Day, Mackenzie, Griv- akes, Gervais LeMoyne. He has been a Director of RCA Limited since 1959 and is also a Director of General Trust of Canada: The Guarantee Company Of North America; Ritz-Carlton Hotel Company of Montreal, Limited; Arm- strong Beverly Engineering Limited; Keystone of Canada Accumulation Fund. Limited and other Canadian Com- panies. Mr. Doheny succeeds Mr. Charles M. Odorizzi, who will continue as a Director of RCA Limited. Clark, born in North Bedeque, Prince Edward Island, succeeds John.D. Moulding, who will head the Polar Gas Project and continue as a Director of RCA Limited. Mr. Clark attended Prince of Wales College, the Uni- versity of New Brunswick and McGill University, receiving the bachelor's and master's degrees in engineering. He serv- ed with the Royal Canadian Air Force as a pilot during the Second World War and with the Royal Canadian Army as an Engineering Officer. Following his military service, Mr, Clark joined the National Research Council in Ottawa as a Research Officer. Mr. Clark joined RCA in 1956 as Manager of Field Operations for RCA Limited in Montreal. In 1958, he transferred to the RCA Service Company and subse- quently served in general management assignments on the Ballistic Missile Early Warning System and at the Missile Test Project at Cape Kennedy, Florida. In 1969 Mr. Clark was named a Division Vice-Presi- dent, responsible for a number of major assignments. Mr. Clark and his wife, the former Janet MacMurdo also of Prince Edward Island, have three children: Bryan. n graduate of the University of New Brunswick, now with the CBC in Montreal; Betty, a student at Pomona College; and Barbara, who lives at home. Mr Ciark and his family will relocate to the Mon- treal aroa in the immediate future. CALGARY (CP) Receipts from the Calgary public stockyards to 11 a.m. today show sales of about 370 head, mostly slaughter steers and cows. Trade was active with a good demand. Slaughter steers sold higher for kind. There were insufficient slaughter heifers on offer to establish a market. Cows sold higher and bulls sold steady. Steers Al and 2 43.50 to 45 A3 42 to 43.25. Cows Dl and 2 35 to 37. D3 33.50 to 34.50, D4 29 to 33. Good bulls 39 to 42. There were insufficient good replacement cattle or stock calves on offer to es- tablish quotations. Hogs fob Calgary to 11 a.m. average base price 55.50. Chicago grain CHICAGO (AP) Wheat futures tumbled the limit of 20 cents a bushel on the Board of Trade Monday. The selling in wheat generally influenced liquida- tion of corn and oats and the three commmodities in the soybean complex. Opening wheat futures were down about 3 cents a bushel. Minutes later, heavier sell- ing developed and buyers began to back off. Prices fell about 12 cents the first hour then they remained locked into the close. For several days, strength in the wheat pit was attributed the theory that wet fields might slow down the progress of farmers in the Southwest. At the close, wheat was down 20 a bushel, December 4.71', 2; corn 5 lower. December 2.47; oats down around 5. December and soybeans down 13. November 6.35. SNAKE HIPS DUNSCROFT. England 'CP) Benjamin, a six-foot- long pet boa constric- into a cosy spot while his owner, Dominic Covell. was out. He chose a pipe behind the central-heat- ing boiler, but the heat ex- panded him and he couldn't get out. It took an engineer four hours to release Ben- jamin, dismantling the entire heating system. of flax and 1.132.000 of rapeseed. Mid-session prices: Flax: Oct. 40 lower 8.50A; Nov. 40 lower 8.36A: Dec. 40 lower 8.ISA: May 40 lower 8.05A. Rapeseed Vancouver: Nov. 17V4 lower 5.12'jA; Jan. 20 lower iA: March 20 lower 4.99A. Rapeseed Thunder Bay: Oct. 19 lower 4.90A; Nov. 20 lower 4.88A; Dec. 20 lower 4.69A; May 20 lower 4.76A. Oats: Oct. '-t lower 1.47-'-iB; Dec. lower May and July not open. Barley: Oct. 'i lower Dec. not open; May lower 2.22A: July not open. Rye: Oct. 10 lower 3.05A; Dec. 10 lower 2.74'.iA; May 10 lower 2.75''iA: July 10 lower 2.71'zA. WINNIPEG Grain quotes Monday (basis High Low Close Flax Oct. 919 890 890 Nov 897 876 876 Dec 882 855 855 May 877 845 845 Rapeseed Vancouver Nov Jan 535 543 527' 523'i Mar 537 517'2 529'2 519 Rapeseed Thunder Bay pet 529 510 509 Nov 508 Dec 509 489 489 May 496 Oats Oct 148 Dec 145 144 144's May 140 Jly Barley Oct 225 219 225 Dec 222 219'2 May 222'i 222'-2 Jly 224'.2 Rye Oct 325 315 315 Dec 290 2841-. 284'-4 May 289 285'. 285'-i Jlv 281'2 Beef I'm n res WINNIPEG UTi Live beef futures close Monday. Nov 48.60B; Jan 50.00B: Mar 50.00; May 52.00B. Friday's volume: Six contracts. 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 bonuses, no finders fees. Drop by and talk to us or give us a call. Right now. While it's on your mind. LAURENTIDE FINANCIAL CORPORATION LTD. A Member of the Laurentide Financial Group 311 7th Street South, TU 324. 327-5791. Youngster amused by duck Nine-year-old Michael Jobe of Toronto strikes up a conversation with a Pek- in duck at the Markham Fair. Fall fairs are in full swing throughout south- ern Ontario and are inter- esting destinations after a drive through the brilliant foliage of fall. Salmon flown over obstacles SMITHERS, B.C. (CP) For the last three weeks Pa- cific sockeye salmon have been flying the last few miles of their 400-mile journey back to the Pinkut Creek spawning grounds on Babine Lake, 360 miles north of Vancouver. The federal fisheries de- partment has hired a Jetra- nger helicopter from Okana- gan Helicopters to fly the fish over the worst obstacles in the creek. The three-week operation was arranged when there was an overrun of salmon into the lake this year. More spawners arrived than there was room for in the nat- ural spawning grounds and in three artificial spawning channels at Fulton River and Pinkut Creek. At Pinkut. it was discovered the natural grounds would be overseeded if all the fish were allowed into the gravel beds after the artificial beds were closed, so it was decided early in September to transport as many fish as possible over a dam and some falls to spawn- ing areas on the upper creek. Fisheries workers at Pinkut Creek estimate about 17.000 spawners were carried by the airlift. Gold InIures WINNIPEG iCP) -Gold futures. U.S. funds. Winnipeg Commodity Exchange close Monday. Oct 73 97.HOB; Jan 74 100.70; Apr 74 104.HO; Jly 74 107.65B: Oct 74 110.50B. F r i d a y s v o 1 u m e 34 contracts. Hog prices EDMONTON (CP) Average prices to 11 a.m. Tuesday provided by the Alberta Hog Producers Marketing Board Monday average in brackets: Edmonton: 55.45 Red Deer: 55.35 Calgary: 55.50 i55.54i. Lethbridge: No sales Fort Macleod: No sales The Herald- Business Total hogs sold to 11 a.m. 3iil. Total hogs sold Monday average 55.47. Sows 42. EARNINGS By THE CANADIAN PRESS Block Brothers Industries Ltd., six months ended July 31: 1973. 24.3 cent's a share; 1972, 14.2 cents. Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty. McQuaig Ltd.) 11 A.M. QUOTES WESTERN OILS AMD MINES Albany Oils ,90 Alta East Gas 7.85 Alminex 6.70 Asamera 14.12': Ashland 1200 BP Canada 14.87' Brenda Mines 7 50 Can South 5.70 Cdn Ex Gas 3 70 Can Homeskl 8 25 Cdn Ind Gas Oil 8.12'. Cdn Long Is .17 Cdn Super 54 25 Charter Oils 4.00 Chioftan 12.25 Dome Pete 33 50 Dynasty 10.50 Fort Reliance .25 Gibraltar Mines 14 25 Giant Mascot 3 20 Granisle 9.50 Gt Plains 28 50 Gt Cdn Oil S 8.10 Lochiel 3 20 Lytton Min 1.90 Noble Mines 1.42 North Cdn Oils 7.15 Numac 19 25 Pancdn Pete 13.75 Pan Ocean 18.37'.- Petro! 1.40 Pinnacle .22 Place Gas 54 Ponder 43 RancjBr 32.50 Scurry Ram 20.00 Seibens '14.75 Spooner .42 Total Pete 6.30 Ulster 89 West Pete 5 87' j West Decalta 7.10 MISCELLANEOUS INDUSTRIES Acres Ltd 14.00 Aquitaine 20.37'? BC Sugar Pfd 14 00 Block Bros 2.90 Com Cap Corp 310 Cdn Brew A Pfd 25 75 Cdn Brew B Pfd 30 25 Cdn Pacific Inv 34 75 Crestbrook Ind 14.00 Crowsnest Ind 28.25 Falcon Copper F and M Trust Co 5.50 Genstar 17.37'r Global Com Unit 43.00 Homo A 47 25 Home B 44 00 Hud Bay Co Hud Bay Oil 46 52': Hud Bay A PId 57.00 Hugh Russell 55 00 Husky Oil 22.75 Husky Oil B Pfd 42 Husky D War Husky E War 10 25 Hys of Canada 4.05 Inter Prov Pipe 8.75 Inter Prov Steel 13 00 Kaiser Res 3.65 Lohiaw C Pfd 27.37'.- Maqnasonics 7 37 Pacific Pete 30.00 Pac West Air 10.00 Pe-Ben Oilfield 7.1''r Rainier Inc 5.00 Royal Trust 26 25 Telt.Hiyrio West Cdn Seed Wc.'Stliold Wdston A Pfd While Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B PId Trans Metro Metro A Tr Can Pipe Tr Can A Pfd Tr Can B Pfd Ti Can War WC Trans WC Trans War CALGARY Actoll Barons Oi-ls North Contm West Warn VANCOUVER MINES Alton Atlas Explor Bath Noise Dankoe Davenport Dollv Vard Equitonal Res Lornex Primer Pyramid Silv Stand Vai Copper INDUSTRIALS Colum Brew Key Indus 5.62' 4.15 6.00 1.12 60.00 10.62'- 12.12' 65.00 20.25 10.12'' 10.12' 11.25 4.55 65.00 31.50 59.00 38.00 6.65 2.70 .70 .04'' 01'- .31 OILS PRP Explor Plains pete Pond Explor Stamp Intl Rns MUTUAL All Cdn Com All Cdn Div All Cdn Ven Amor Grow F AGF Spe Cdn Invest F Col Mutual Com Inter Com I ov Ven Corp Invest OOP Invest F Drey'us Fund US Grpd Income Grow Ecjuity Grow loves' Mut Mu! Accum Mul Grow F Nat Res NW Cri-i NW Grow P r i n Grow Rovftind Temple Grow United Accum 9.00 .37 .73 2.10 .56 .25 .20 12.75 .07'i .13'; 3.15 10.00 4.95 .21 1.90 .87 .27 .80 1.05 FUNDS 7.30 7.73 3.85 5.71 3.09 5.28 6.11 14.85 3.91 7.43 6.34 5 31 11 69 3.63 7.87 12.45 6.04 6.10 5.21 5.85 5.53 4.82 7 07 8.41 5.29 8.10 6.94 7.94 8.40 4.13 6.27 579 6.70 16.32 4.30 8.16 6.97 5.84 12.81 3.98 8.65 13.61 6.60 6.71 3.98 5.73 6.43 6.08 5.29 7.35 9.22 5.81 8.90 7.60 7.86 8.60 Toronto mines, industrials i Supplied by Richardson Securities of Canada 11 A.M. QUOTES MINES Acme Advocate Asb. Akaitcho Bralornc Broulnn Bethlehem Bovis Brunswick Can NW Land Canada Tung Cnssiar 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 Firs! Maritimes Giant Y K. Granduc Hollinger Hudson Bay M8S Hydra Ex. Iron Bay ISO Jdliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Lanqis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Metn Midrirn Inlnrn Mogul Nu West Homes New Alhona New Calumet Noranda Northgate Norlnx Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp Sherntt Gordon Sleep Rock Tek Corp. Texmonl United Canso Upper Canada Western Mines W House Copper Minos Wright Hargreaves Willroy Windfall Yellowknife Bear 11 A.M. QUOTES INDUSTRIALS Anitibi Alcan Algonia Steel Atr.o Ind Jannor.k Agra Ind. Bell Tel Trac 995 .14 .22'.- 55.25 4.80 .36 36.75 3025 1 70 .13 .96 30 27 75 9 35 16 75 1.49 4.20 ,23 17.00 2.97 3-05 3 15 ,90 11 4 65 08 1437' 37.25 19 62' 14 87 6.50 1 1 00 4 1 00 15 75 I oeii l.oblaw A Metropolitan Blood Moore Corp Mnlsons A Molsons B Nachurs North Powoi Corp Price Co Rothnuns St Lawrence Shell CDA Simpsons Simpsons Soars Steel Canada Selkirk A Toxaco Traders Group A Trans Mm Pipe Tinns Can Pipe Union Carbide Union Gas U'uon Oil United Siscoo Versatile Mfg Westeel Weslons B Woodwards A Wer-l Cdn Sood Zenith Elec Cdn Imperial Montreal Nova Scotia Royal Toronto.Oom BANKS 50.25 25.00 21.00 37.00 16.50 9 87': 4.25 5.62'.- 7.75 25.50 2.25 11.00 3.90 1600 27.87'p 16.371; 34.87'; 28.75 15.37'j 43.75 37.50 25.75 9.12'.? 13.62'.7 33 50 28.50 9.37'.- 8.10 67.00 29.50 33.50 17.62'? 525 55.62', 29.50 45.87'? 28.75 35.75 2562': 23.62'r 9.87'r 19.00 5.00 4.95 15.00 24.37'i 38.50 52.25 23.87'-? 22.50 9.12'? 10.00 12.50 17.87'i 14.75 20.62'? 20.00 8.87'? 13.75 31.87'? 16.25 57.25 19.37'i 16.75 31.75 17.50 10.00 15.25 6.95 6.87V? 17.00 18.50 22.87'? 6.00 3.20 30.87'-i 37.37'? 35.62 v? New York (Supplied by Richardson Securities of Canada) Amr. T8T Anaconda Both. Steel Chrysler Comsat Dupont General Motors Gull hit Harvester Kenn Copper Montgomery Waid Sears X-Ron Texas Gull Texas Co Wix Corporation 51.50 Woolworth 24.75 22 75 Wostinghouso Elec. 36 62V? 3162'? US Steel 32.12V? 27.87'; Gen Tele Dec 30 54 50 TORONTO AVERAGES 190.00 20 Industrials 226.98 up 86 66 75 20 Golds 251.78 up 1.20 24.87', 10 Base Metals 10754 up 68 3262'.- 15 Western Oils 245.74 up 1 58 33 25 Volume 2687'j NFW YORK AVERAGES 98.37'.' Industrials 951 53 up 2.70 94 50 ?n Hails 180 51 up 96 27 75 1'i Utilities 10343 down 2H 33.00 Slocks 291.96 up 74 15 87'? Volume ;