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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 3, 1973, Lethbridge, Alberta TSE prices up in active trade Herald- Business TORONTO (CP) All sec- tors of the Toronto stock mar- ket moved higher in active midmorning trading today. The industrial index, consid- ered the best gauge of market direction, rose .14 to 227.51, golds .35 to 252.07, base metals Allocation of fuel oil mandatory WASHINGTON (AP) The Nixon administration has decided to impose a man- datory allocation system on home heating oil, government sources say. The action, a reluctant abandonment of efforts to achieve a fair distribution of the scarce fuel through volun- tary allocation by the oil in- dustry, was expected within a few days, possibly even today, the sources said. Mandatory allocation, designed to make sure northern areas receive heating oil this winter, was expected to include other lorms of distillate oil such as diesel fuel, kerosene and jet iuel. Sources said the administra- tion also has decided on man- datory allocation of propane and adoption of a rule for- bidding large boilers from switching from coal pr high- sullur oils to the burning of scarce low-sulfur fuels. One source said the presi- dent approved mandatory allocation ol heating oil, a form of government iuc! rationing at the wholesale dis- tribution level, two weeks ago but waited to determine whether it could be done without including gasoline and other petroleum products. These other products are ex- pected to be omitted irom the mandatory programs to be an- nounced. Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Wednes- day from the Calgary public stockyards show sales of about 650 head, mostly slaughter steers and cows. Trade was active with a good demand. Slaughter steers sold at higher Heifers sold higher than last weeks close. Cows sold fully steady with sales to Bulls sold steady to 50 cents higher. Steers Al and 2 45.50-46.50, A3 44.2545.25. Heifers Al and 2 44.50-45.40. A3 43.25-44.25. Cows Dl and 2 35-37, D3 33.50- 34.50, D4 29-33. Good bulls 39- 42.50. Replacement cattle were all fleshy short keep steers in the 800 to pound weight range selling fully steady. There was insufficient good stock calves on offer to es- tablish quotations. Good feeder steers more than 800 pounds 42-46.50. There were no hogs sold f.o.b. Calgary to 11 a.m. Lambs sold higher Tues- day with good Iambs selling for Fort Macleod FORT MACLEOD On oiler by Fort Macleod Auction Market last week were cattle and calves. Despite the reinstatement of tariffs on beef imports, the market on fat steers and heifers dropped per hundredweight. All classes of feeder cattle followed this lower trend. Good quality ranch calves sold to un- der the previous week's quotations. Insufficient receipts of good slaughter steers to quote an accurate market. Choice heifers 39.70-40.30; medium heifers 38.50-39.50: good cows 35-36.70. Medium cows 33.50-34.75: canners and cutters 29-31; bologna bulls 39-41.90. Tuesday's feeder sale was mostly calves with a few light yearling steers under 800 pounds bringing 49 to 55.25 and a lew two-year-old steers (1.- 030 to 1.228 pounds) bringing 39 25 to 40.50. Good steer calves (400 to 500 pounds) 55.50-61: with Charolais cross 65.25: (325 to 400 pounds) 60-65.50; with Charolais cross 67. Good heifer calves (260 to 350 pounds) 53-58.50; (350 to 400 pounds) 51-56.50. Good quality pasture expos- ed yearling Hereford heifers ifiW) to 750 pounds) 47-49.50. THURSDAY Bulk of the receipts made up of top quality ranch yearlings weighing 850 pounds ;ind over. Good yearling steers (650 to 775 pounds) 53-55; (825 to 875 pounds) 50-51.80: (87J and over) 48-49.75. .13 to 107.49 and western oils 2.69 to 249.13. Volume by 11 a.m. was 1.12 million shares compared with 874.000 at the same time Tues- day. Advances led declines 194 to 110 with 197 issues unchanged. Communication, oil refining, paper and forest and chemical stocks were among gaining market sectors while pipeline, real estate, in- dustrial mining and utility issues were lower. B.C. Telephone rose 1 to Home Oil B 1 to Home Oil A to Bow Valley to and Consolidated Bathurst to 4. Walker-Gooderham A fell :'-'i to Noranda A '2 to Shell Canada "H to and Inco 'k to Hollinger gained "2 to Denison to and Sherritt Gordon to International Mogul lost 60 cents to and Hudson Bay Mining to Canadian Superior was up 1 to Asamera to and Page 20 cents to MONTREAL (CP) All sectors except utilities ad- vanced in light trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 600 shares, compared with 469.300 shares at the same time Tuesday. Papers rose 1.53 to 157.15, industrials .62 to 258.35, the composite .40 to 237.93 and banks .13 to 279.10 while utilities fell .18 to 143.97. On the Montreal Stock Ex- change. Fa Icon bridge Nickel rose to Hudson Bay Oil -i to Imasco Ltd. to and Cominco "i to while Interprovincial Pipe Line Ltd. fell to On the Canadian Stock Ex- change. Cuvier Mines rose 55 cents to on 52.483 shares traded. VANCOUVER (CP) Prices were up in moderate trading Tuesday on the Van- couver stock exchange. In the industrials, lonarc was up .05 at on 16.000 shares. International Utilities was unchanged at on 6.000 shares. Canadian Pacific was unchanged at on shares. EDP Industries rose .03 to .34 on 4.500 shares, Thermo Plex was up .10 at .95 and Key Industries was down .01 at .22. Silver standard was the leader in the mines, up .05 at 13.20 on shares. Brendon Ltd. rose .02 to .40 on 63.500 shares. Prince Stewart was up .06 at .28 on shares. Green Eagle rose .02 to .20 on shares. Rackla River fell .09 to .51 and Barrier Reef was down .03 to 90 In the oils. Vargas rose to .20'a on 148.500 shares. Monterey A fell .18 to .49 on 102.000 shares. Vargas warrants rose to to 17.500 shares. Chapparal was unchanged at .11 on shares. Williams Gold fell .04 to .25 and Silver Crystal rose .05 to .75. Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd.) WESTERN OILS AND MINES Albany .86 Alta East Gas 7.85 Alminex 6.75 Asamera Ashland 12.00 BP Canada 15.25 Brenda Mines 7.65 Can South 6.00 Cdn Ex Gas 4.10 Cdn Homestd 8.25 Cdn Ind Gas Oil 8.25 Cdn Long Is .17 Cdn Super 55.50 Charter Oils 4.05 Chieftan 12.25 Dome Pete 33.50 Dynasty 10.87VZ Fort Reliance .24 Gibraltar Mines 14.50 Giant Mascot 3.30 Granisle 9.50 Gt Plains 28.00 Gt Cdn Oil S 8.00 Lochiel 3.30 Lytton Mm 1.85 Noble Mines 1.44 North Cdn Oils 7.10 Numac 19.25 Pancdn Pete 13.75 Pan Ocean 18.25 Petrol 1.40 Pinnacle .23 Place Gas .56 Ponder .44 Ranger 32.75 Scurry Ram 20.00 Seibens 14.75 Spooner .42 Total 6 35 Ulster .92 United Canso 17.00 West Pete West Decalta 7.05 MISCELLANEOUS INDUSTRIES Acres Ltd Aquitame BC Sugar Pfd 13.75 Block Bros 2.90 Com Cap Corp 3.15 Cdn Brew A Pfd 26.00 Cdn Brew B Pfd 31.00 Cdn Pacific Inv 35.00 Crestbrook Ind 14.25 Crowsnest Ind 28.00 Falcon Copper 14.50 F and M Trust 5.50 Genstar Global Comm Unit 43.00 Home A 48.50 Home B 46.50 Hud Bay Co 19.25 Hud Bay Oil Hud Bay A Pfd 57.00 Hugh Russell 54.50 Husky Oil 23.25 Husky Oil B Pfd Husky D War 7.95 Husky E War Hys of Canada 3.80 Inter Prov Pipe 8.40 Inter Prov Steel Kaiser Res 3.65 Loblaw C Pfd Magnasonics 7.37V4 Pacific Pete 30.00 Pac West Air 10.00 Pe-Ben Oilfield 7.25 Rainier Inc 5.00 Royal Trust 26.00 Sandwell Teledyne West Cdn Seed Wesldeld Mm Weston A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A Tr Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War CALGARY Acroll Barons Oils North Contin West Warn VANCOUVER MINES Afton Atlas Bath Norse Dankoe Davenport Dolly Vard Equitor Res Lornex Primer Pyramid Silv Stand Val Copper INDUSTRIALS Colum Brew Key Indus Wardair OILS PRP Explor Plains Pete Ponderay Explor Stamp Intl Res MUTUAL FUNDS 5.62V4 4.20 6.12'Xz 1.17 60.00 10.50 12.00 64.50 20.50 10.12% 10.25 21.62V4 11.25 4.60 65.00 32.00 59.50 38.50 6.65 15 2.70 .66 .04 V4 .02 .31 9.00 .34V, .74 2.00 .50 .24 .20 12.25 .0714 .13V4 3.30 1025 5.25 .22 1.80 .92 .27 .80 1.10 All Cdn Com All Cdn Div All Cdn Ven Amer Grow F AGF Spe Cdn Invest F Col Mutual Com Inter Com Lev Corn Ven Corp Invest Crop Invest F Dreyfus F US Grt Pacific Grpd Income Grow Equity Invest G Fund Invest Mut Mut Accum Mut Grow F Nat Res NW Cdn NW Grow Prm Grow Royfund Templeton Grow Unit Accum Univer Sav Univest Vanguard 7.33 7.97 6.76 8.44 3.90 4.24 5.75 6.32 3.11 5.32 5.83 6.77 14.93 16.41 3 94 4 33 7.49 8.23 6.40 5.88 5.31 5.84 11.81 12.94 4.78 5.22 3.67 4.04 7.90 8 68 12.47 13.63 6.06 6.62 6.13 6.74 3.81 4.19 5.25 5.77 5.91 6.49 5.57 6.12 4.83 5.31 7.07 7.35 8.44 9.24 5.32 5.85 8.14 6.95 6.38 7.02 7.05 7.72 Toronto mines, industrials (Supplied by Richardson Securities of Canada) NEW YORK (AP) The stock market continued to climb today as investors took cheer in lower interest rates and some signs the 1974 economy might not be as sluggish as expected. The Dow Jones industrial average, which reached its highest point in more than five months Tuesday, was up 3.46 to 960.26 at noon. Among Canadians on the New York Exchange. Inter- national Nickel at and Me In tyre al S52 remained un- changed. Gainers included Alcan up to Canadian Pacific up i to i: Seagram up 1 to Dome Mining up 17'8 to and Hudson Bay up to Massey Ferguson lost 1A to On the American exchange. Scurry Rainbow at re- mained unchanged but Cana- dian Javelin lost i to Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Nov 48.60A: Jan 49.50: Mar 50.00A; May 52.00N. Monday's volume: One contract. Hog prices EDMONTON (CP) Average prices to II a.m. Wednesday provided by the Alberta Hog Producers Marketing Board with Tues- day average in brackets. Edmonton: 54.70 Red Deer .54.70 Calgary No sales Lcthbridgo: No sales Total hogs sold Tuesday. 7.547. average 54.97. Sows average 41.55. MINES Acme .11 Advocate Asb. 1.15 Akaitcho 1.07 Bralorne 1.80 Broulan .41 Bethlehem 17.25 Bovis 2.10 Brunswick 5.55 Can NW Land 8.50 Canada Tung. 2.90 Cassiar 13.75 Central Pat. 1.00 Chimo 1.06 Conwest 4.55 Cons. Rambler 3.20 Com Lake .12Vi Cochenour .64 Craigmont 7.85 Dickenson Mines 3.00 Denison Mines D'Eldona .41 Dome Mines 84.50 Discovery Mines 13.75 East Malartic 3.35 East Sullivan 2.84 Falconbridge 76.75 Frobex .29V5 First Maritimes .75 Giant Y.K. 8.10 Granduc 3.45 Hollinger 49.00 Hudson Bay 27.50 Hydra Ex. .19 Iron Bay 3.50 ISO 2.20 Johet Quebec .22 Kerr Addison 11.37V4 Key Anacon .35 Labrador 45.50 Lake Shore 2.45 Langis Silver .06 Madsen R.L. 1.00 Malartic G.F. .90 Martin McNeely Maclntyre 52.50 Meta .13 Midrim .12 Intern Mogul 9.35 Nu West Homes New Athona .14 New Calumet .2QV4 Noranda 55.00 Northgate 4.75 Norlex .35 Pine Point Placer Dev. Pax Exp. 1.60 Quebec Man ,12'4 Rayrock .96 Radiore .26 Rio Algom 27.87 Vi Roman Corp. 9.75 Sherrjtt Gordon Steep Rock 1.47 Tek Corp. 4.10 Texmont .23 United Canso 2.92 Upper Canada 2.92 Western Mines 2.95 W House Copper 3.20 Wright Hargreaves .90 Willroy 1.05 Windfall .11 Yellowknife Bear 4.55 Zenmac .08 INDUSTRIALS Abitibi 14.75 Alcan 37.75 Algoma Steel 20 25 Atco Ind 16.50 Atlantic Sugar Agra Ind 11.50 Bell Tel 41 Brazilian Trac 19 75 BC Tel Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Coron Cred CWN Gas Cdn Indus Cdn Marcorti Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dorn Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Cda Greyhound Hawker Sid Hiram Wslkar Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Group A IU Interna Indus; Accept Kaps Kelly Doug A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMillan Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Rothmans Shell CDA Simpsons Simpsons Sears Steel Canada Selkirk A Texaco Traders Group A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg Westeel Westons B Woodwards A West Cdn Seed Zenith Elec Cdn Imperial Montreal Nova Scotia Royal Toronto-Dom BANKS 51 50 15.50 24.87 V: 38.00 16.50 1000 4.30 5.87V, 8.00 25.62VJ 2.25 11.00 16.87V2 4.00 15.75 28.25 1650 25.12% 29.25 1562% 4375 37.25 26.50 9.37V: 13.75 33.50 28.87% 9.50 8.00 66.75 30.00 33.25 5.37% 56.00 29 37% 45.87% 29.00 35.50 23.37% 10.00 28.25 18.75 4.95 5.25 12.00 4.85 500 15.00 24.50 39.25 53.25 24.50 23.25 9.50 10.25 13.12% 18.50 14.75 20.00 8.87% 13.87% 13.50 16.75 26.62 19.62% 17.00 31.75 18.25 10.00 15.25 7.00 7.12% 17.25 19.00 2325 600 3.20 30.87% 18621? 37.00 36.00 New York (Supplied by Richardson Securities ol Canada) Arnr. 51.75 Woolworth 2575 Anaconda 23.12% Westmghcuse Elec 3700 Beth. Steel 32.37% U.S. Steel 3262' Chrysler 2812% Gen Tele Elec 3075 Comsat 57.37% TORONTO AVERAGES Dupont 192.50 20 Industrials 227.95 up .58 General Motors 66.62% 20 Golds 252 35 up 63 24.87% 10 Base Metals 107.40 up 04 Int. Harvester 33.25 15 Western Oils 248.85 up 2 41 Kenn. Copper 33.00 Volume Montgomery Ward 27.00 NEW YORK AVERAGES Sears 98.87% 30 Industrie's %0 70 up 4 14 X-Ron 20 Rails 182 25 up 19 Texas Gulf 27.87% 15 Utilities 103 33 down 35 Texas Co. 33.12% 65 Stocks 294.31 up 69 Wix Corporation 15.62% Volumo 1Q.480.000 Wednesday, October 3, 1973 -THE LETHBRIDGE HERALD Winnipeg grain WINNIPKG (CP) Active buying the opening brought strength into rapeseed and rye bv mid- session on the Winnipeg Com- modity Exchange today. Flax also rallied, opening at maximum low prices but by mid-session cutting the losses in half Rapeseed and rye both opened weak but were advanc- Chicago gran Gold futures WINNIPEG (CP) Gold futures. U.S. funds. Winnipeg Commodity Exchange close Tuesday. Oct 73 97.60B; Jan 74 101.00B. Apri 74 104.20B: Jly 74 107.50A: Oct 74 lll.lOB. Monday's volume: 144 contracts. Good crop Rejean Guillenette helps harvest part of a to- bacco crop on a farm at Tillsonburg, Ont., about 30 miles east of St. Thomas. Farmers say the hot. dry summer weather has produced one of the best tobacco crops on re- cord in Ontario. 30 CHICAGO (AP) Soybean soybean oil futures declin- ed the limit allowed tor one- session on the Board of Trade Tuesday. Sharp declines also were posted in wheat, corn, oats ;md soybean meal Trade was fairly mixed on the opening but very active selling, with only a few selec- tive buyers in the major pits sent prices sharply lower. Alter about an hour and a hall of trade, soybean oil and soybeans were locked at limit .'Iodines and soybean meal was down about S8 a ton. Sonic ol the selling appeared to be a carry-over Irom the previous session when limit and near-limit declines were posted. Sonic improvement in the weather, disappointment :ibout lighter exports last week and the generally to ex- cellent condition ol the crops were strong factors in the selling. the close, soybeans were .Inwn 20 a bushel. November 14. wheat some 16 lower. December 4.55: corn down 4. December 2.434: and oats Jown some 5. December 1.2J Grain quotations Tuesday: Wheat Dec 4.55: Mar'4.51: May 4.30. July 3 77. Sep 3 77 Corn: Dec Mar 2 49. May 2 52. Jul 2 53: Scp 2 41- Dec 2 15: Mar 2.16 Oats: Dec. 1.21: Mar 1.22' Mav 1.264; Jul 1.13' i. eel about five cents by mid- session on active exporter and commercial house buying. and barley remained weak on hedging pressure. Tuesday's volume of trade was bushels of flax, 442.000 of rye and 1.451.000 of rapeseed Mid-session prices: Flax Oct 19 lower 8.31: not open: Dec. 26 lower 799: May 19 lower 7.86B. Hapesecd Vancouver: Nov. ti4 higher 5.16A: Jan. higher 5 094B: March 4 higher 503B: June 4 higher 499B Hapesecd Thunder Bay: Oct 5 higher 494: Nov. 4 higher 492. Dec. 3 higher 472B Mdv34 higher 4.80'26. Oats Oct. unchanged 1 474B. Dec. 4'i lower 1 39' iA. May and July not open Barley Oct unchanged 2 25A. Dec i lower 2.204A: Mav 1 lower 2.19 4B: Julv not Oct. 4 higher 3.19A: higher 2.794A; May Julv 34 open. Hye Dec. 4 !i i higher 2.79; higher 2 75B G rain quotes Tuesday (basis Lakehead High Low Close Flax Oct Dee May Rapeseed Vancouver Nov 515 509 'z Jan 513 503'1 1 Mar 508 499 Jim Rapeseed Thunder Bay 850 836 815 805 5094 499 495 Oct 490 Nov May Oats Oct 148 Dec 1437h May Jly Barley Ocl 225 Dec May Jly' Rye Oct Dec Mav 221'; 220 :L 489 1474 1434 139'i 2244 2204 219') 305 274'i 489 488 469 476 1474 143''z 139'4 139 4 225 220-'4 2204 2244 315 275'j 2714 If you don't visit "THE CARPET PEOPLE" you might as well not try to buy carpet. THE CARPET PEOPLE are presenting to Southern Alberta the finest selection of quality carpets available in Canada today. Leasing can be arranged on commercial installations Free Estimates Free design consulting Guaranteed installation Financial services For styling and colors in carpets you've never seen be- fore, drop in and see us. PHONE 328-1151 Bruce Lowe, will be pleased to help you with your carpet needs. Towfte Country TurnituiS STORE HOURS Daily 9 a.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m. "the carpet people" 542-13th St. N. FREE PARKING FREF CONVENIENT BUDGET TERMS FREE STORAGE ;