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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 9, 1974, Lethbridge, Alberta Wrtnttday, October 9, 1974 THE LETHBRIDGE HERALD 23 Chicago markets CHICAGO (AP) The Ford ad- ministration's decision to evaluate ex- port sales of United States farm com- modities on the basis of need tended to affect commodity futures on the Chicago Board of Trade (CBOT) and most fell to limits Tuesday. Several commodity futures on the CBOT closed with -limit declines for the second straight session. Soybeans were down 20 cents a bushel, corn 10 cents, oats six cents, soybean oil 100 points all limits. Wheat futures were mixed at the close, largely as a result of spreading activity whereby a speculator buys one option and sells another, in this case, selling a nearby and buying a distant option. Soybean meal lost about a ton, just short of a limit move and iced broilers turned around after an early loss and closed a shade higher. Largely because of the grain weakness, commodities on the Chicago Mercantile Exchange were weak at the close. Live cattle lost up to the limit a hundredweight while 'pork bellies dropped 100 points and live hogs futures closed 50 cents lower to 83 cents higher. Shell eggs were 120 points lower to 45 higher. Some moderation in weather led to declines in orange juice and cotton futures. Copper also eased some 200 points on profit taking. Wool futures eased about 100 points along with world sugar, but cocoa gained some 100 points. At the close, soybeans were down 20 cents a bushel Nov. 9.09; Chicago, wheat was 4Vz lower to 17 higher, Dec. 5.05; Gulf wheat was not traded; corn was 5Vz to 10 lower, Dec. 3.73% and oats were 5% to six lower, Dec. Grain quotations Tuesday: Wheat: Dec 5.05; Mar 5.18; May 5.13; Jul 4.84; Sep 4.85. Corn: Dec Mar May Jul 3.86V4. Oats: Dec Mar May 1.9H4. Winnipeg grain WINNIPEG (CP) Most futures prices gained strength as activity pick- ed up by mid session today on the Winnipeg Commodity Exchange. Feed wheat and oats were mixed, while rapeseed gained as much as 15 cents a bushel. Tuesday's volume of trade was 000 bushels of feed wheat, of oats, of barley, of cor- n, of rye, of flax 'and of rapeseed. Mid session prices: Thunder Bay rapeseed: Oct. 10 higher 9.70B; Nov. eight higher 9.45B; Dec. 10 higher 9.18B; May four higher 9.30B. Vancouver rapeseed: Nov. 13% higher 1010; Jan. 15 higher 9.70B; Mar. higher 9.53A; June 10% higher 9.32ViA. Flax: Oct. 14 higher 12.40A; Nov. six higher 12.10A; Dec. three higher 11 83A; May seven higher 11.70B. Corn: Dec. four higher 4.10B; Mar., May and July not open. Barley: Oct. three higher 3.04; Dec. three higher 3.00B; May 2V. higher 3.10'AB; July three higher 3.17A. Oats: Oct. I'A lower 2.14; Dec. two lower 1.95A; May four higher 2.02A; July not open. Rye: Oct. three higher 3.37B; Dec. six higher May higher July one higher 3.40B. Earnings By THE CANADIAN PRESS Central Dynamics Ltd., three months ended June 30: 1975, no per share figure; 1974, no per share figure. Nabors Drilling Ltd., three months ended July 62 cents a-share; 1974, cents. Republic Resources Ltd., year ended June 30: 1974, 5.4 cents a share; 1973, 4.5, cents. Vencap Investments Ltd., six months ended July 31: 1974, 10.9 cents a share; 1973, cents. Winco Steak n'Burger Restaurants Ltd., nine months ended Sept. 7: 1974, 46.4 cents a share; 1973, 40 cents. Acklands Ltd., nine months ended Aug. 31: 1974, a share; 1973, Consolidated Building Corp. Ltd., six months ended Aug. 31: 1974, 48.5 cents a share; 1973, 33.3 cents. Qneenswear Canada Ltd., nine months ended July cents a share; 1973, cents. Shore to Shore Corp. Ltd., nine- months ended Aug. 31: 1974, 34.4 cents a share; 1973, 42.7 cents. Steinberg's Ltd., year ended July 27: 1974, a share; 1973, Commodore .Business Machines Ltd., year ended June 30: 1974. 35 cents a share; 1973, Grain quotes Tuesday Lakehead: High Low Flax Oct Nov 1205% 1199 Dec May Rapeseed Thunder Bay Oct 969 960 Nov Dec 908 907 May Rapeseed Vancouver Nov 1011 993 Jan 969V4 948 Mar 947 935 Jun 929 921 Corn basis Montreal Dec 406Vi 406 Mar 419 414% May Jly Rye Oct 334 324% Dec 330% 327% May 341 332% Jly '340% 335 Barley Oct 305% 299 Dec 301 294 May 313 305V4 Jly 317 314 Oats Oct 217 214 Dec 196% 190% May 200 198 Jly Feed Wheat Oct 410 402 Dec 390 388 May 403 397 Jly basis Close 1226 1204 1180 1163 960 937 908 926 955 937% 921% 406 414V4 417 420 334 328% 338 339 301 297 308 Vi 314 215% 190% 198 202 402 388 397 400 Dividends By THE CANADIAN PRESS Corporation flividends, quarterly un- less otherwise noted. General Bakeries Ltd.. 3V4 cents, Oct. 31, record Oct 15. Mercantile Bank of Canada, 12% cents.'plus an extra of 25 cents, Nov. 29, record Oct. 31 Alberta 5Jas Trunk Line Co. Ltd., clasu A, 13 cents, increase of 2% cents; pfd. series C, per-cent pfd. series D, percent pfd., .484375 cents; all payable Nov. 15, record Nov. 1. Inter-City Gas Ltd., pfd. series A, 65 cents semi-annual, Oct. 31, record Oct. 10. Northwestern Utilities Ltd., four- per-cent pfd., Nov. 1, record Oct. 16. Stuart House International Ltd., six-per-cent pfd., 12 cents, Nov. 1, record Oct. 17. Dominion and Anglo In- vestment Corp., five-per-cent pfd., Dec. 1, record Nov. 15. Lake Ontario Cement Ltd., six cents, Oct. 15, record Sept. 20. Union Gas Ltd., six-per-cent pfd. series B, 75 cents; pfd. series A. 69 cents; both payable Dec. 31, record Dec. 6. 2 GREAT NEW BREEDS UNEEDA MARKETING SERVICES HIGH RIVER SATURDAY, OCT. 12th 1 p.m. SIMMENTAL MURRAY GREY B tA. ft 8-% 2 mt 3 yw Ind CMS fed Ml fell IM IMItr Cans tort M Mm 0 topi Cm tnt BAKER CREEK RANCHES LTD. Box 893 River Phone 652-2275 or 652-2210 Thr lots ff ways Sv t bit swiii on NECESSARY PRINTING Isn't OHIO! thin The business tetters and bills you send out are the "Salesmen at the door." Be sure they are WELL DRESSED and put their best foot forward. SAVE TIME MAKE MONEY letterheads Envelopes Statements Circulars Register forms Sales books THE HERALD PRINTERS 329-3388 The Herald Business Prices drop sharply in light trade Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN OILS AND MINES Anon Mines 3.25 Albany Oil .26 Alta East Gas 4.05 Almlnex 4.50 Asamera 7.00 Ashland Oil 5.75 BP Canada Brenda Mines 4.25 Cda South 2.15 Cdn Ex Gas 1.99 Cdn Homestd 2.80 Cdn Ind Gas Oil 4.50 Cdn Long Is .14 Cdn Super 28.00 Chieftan Dev 4.6D Dome Pete 17.50 Dynasty 7.00 Nufort Reliance .15 Giant Mascot .73 Gibraltar Mines 5.25 Granisle Gt Plains 5.12% Gt Cdn Oil S 5.37% Lochiel Ex .1.26 Lytton Win 1.10 North Cdn Oil 3.15 Numac Pancdn Pete 8.25 Pan Ocean Petrol 1.15 Paloma 1.05 Place Gas -23 Ponder .52 Ranger Oil 13.75 Scurry Rain 18.50 Seibens 6.12% Spooner .20 Total Pete 6.12% Ulster Pete .63 United Canso 7.37% West Pete 2.80 West Decalta 3.90 MISCELLANEOUS INDUSTRIALS Acres Ltd 5.75 Aquitaine 15.12% BC Sugar C Pfd 11.25 Block Bros 2.90 Canbra Foods 2.50 Cdn Pac Inv A Pfd 27.00 Cdn Pacific Inv 13.87% Carling O'Keefe A Pfd 16.50 Carting O'Keefe B Pfd 19.50 Comm Cap Corp 1.40 Crestbrook Ind 2.85 Crowsnest Ind 12.50 Falcon Copper 8.62% F M Trust Co 3.45 Genstar 14.25 Home Oil A 19.00 Home Oil B 17.00 Hud Bay Co 12.12% Hud Bay Oil 23.25 Hud Bay Oil A Pfd 27.00 Hugh Russell 51.00 Husky Oil 13.37% Husky Oil B Pfd 32.00 Husky Oil E War 3.90 Interprov Pipe 2.04 Interprov Steel Pipe 12.12% Kaiser Res 3.40 Kaiser Res War 1.45 Loblaw Co C Pfd 23.50 Magnasonics 1.60 Pacific Pete Pac West Air Pe-Ben Oilfield Serv Rainer Inc Royal Trust Sandwell Teledyne Trimac Westfield Win Weston A Pfd White Yukon PIPELINE STOCKS Alta Gas Trk A Alta Gas Trk Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N C Gas N C Gas B Pfd Pacific Gas Trans Trans-Cda Pipe Trans-Cda Pipe-A Pfd Trans-Cda Pipe B Pfd Trans-Cda War WC Trans WC Trans War CALGARY Acroll Barons Oil Western Warner VANCOUVER MINES Bathurst Norsemines Cima Resources Dankoe Davenport Lornex Northair Mines Primer Pyramid Silver Standard Valley Copper INDUSTRIALS Key Industries Wardair OILS August Petroleum Plains Pete Stampede Int'l Res MUTUAL FUNDS All Cdn Compound All Cdn. Dividend All Cdn. Ventures Amer Growth Fund A.G.F. Special Cdn. Investment Fund Eaton Commonwealth Eaton Leverage Eaton Int'l Venture Corp Investors Corp Invest Stock Fund Dreyfus Fund U.S. Grouped In Shares Growth Equity Investors Growth Fund Investors Mutual Mutual Accum Nat Resources N.W. Cdn. N.W. Growth Principal Growth Royfund Templeton Growth United Accum Universal Savings Vanguard 15.00 12.62% 4.10 2.00 19.50 5.50 4.10 3.50 .55 44.50' 6.00 10.37% 60.00 16.50 5.00 48.00 10.00 8.75 17.25 8.00 9.25 49.75 28.00 .80 15.00 1.40 .32 .04 .22% .71 .41 2.15 .37 5.00 1.47 .03 .05% .84 5.00 .07 1.40 .16 .09, .55 4.68 4.82 2.14 3.24 1.68 3.76 10.78 2.37 4.25 4.81 3.56 7.45 2.39 4.71. 8.91 4.43 4.82 3.39 4.01 3.28 3.01 4.96 5.97 3.23 6.38 3.77 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar 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 First Maritimes Giant Y.K. Granduc Hollinger A Hudson Bay MSS A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim Intem Mogul NuWest Homes New Athona New Calumet Noranda Northgate Nortex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Atgom Roman Corp. SheiTitt Gordon Steep ROCK Sunmngdale Corp. A Texmont United Canso Western Mines WH Copper Mroes Wogw Hatgteaves Wiflroy Bear Zeratnac INDUSTRIALS Abftibi Afcsn Wgoma Steel AJoo Agra tnd 00H Brascan A BCTsfl .07% 1.08 1.50 1.00 .34 9.87% 1.06 4.15 2.25 3.65 4.05 .75 .95 2.55 2.35 .14% 1.16 3.90 6.62.% 34.75 2T 48.25 1.30 3.70 2.00 30.50 .12 .41 9.62% 1.50 24.37% 16.62% .45 4.60 .82 .17 8.87% -21 22-50 3.85 .09 .66 1.11 -28 22.75 .10 .15 3.10 4.50 .17 .15 28.75 3.90 .17 26.75 16.50 .72 .16% .90 .15% 21.25 9.00 6.75 1.01 .4-20 2.60 .16 7.12% 2.03 2.3S 1-50 .11 ZSO -06 9.00 21.OO 24.OO 10.25 4.95 40.75 107% 4462% Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carling O'Keefe Chemcell Coron Credit CWN Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist. Seagrams uom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile Grt Cdn Oil Gen Motors Grt Lakes Paper GuH Oil Greyhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A Imasca A Int Nickel int Pipe Inv Grp A- IU Intl IAC Ltd Jannock Kaps Kei Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Moteons A Molsons 8 Nachurs North Cent Power Corp Price Co Rolhmans Shell COA Simpsons Simp Sears SteeJ Can A Selkirk A Texaco Trad Grp A Mtn Trans Can Pipe Unton CarWde Union Gas Union Ofl Unfled Sreooe Versatile WesSeeD Westerns Woodwards A BANKS Dmperrtal 8.25 11-50 18-00 12.62% 8.25 6.62% 17.00 2.50 4.15 2.40 4-20 1-52 8-50 17.25 2.65 12.12V4 11.62% 12-62% 23.12% 23.62% 13.25 29.50 34.00 19-87% '7X7% 17-12% 22.00 1-95 525 34.12% 16.50 22.00 13.62% 4.45 35.25 18-00 24.87% 21.12% Two-day market rally on TSE ends TORONTO (CP) The To- ronto stock market declined sharply in light mid-morning trading today, ending a two- day rally. The industrial index, wide- lybased indicator of market trend, was off 1.28 to 154.54. The index had gained almost five points the previous two days. The base metal index lost .06 to 65.43 and western oils 1.91 to 127.05. Golds gained 7.79 to 394.00. Declines outnumbered ad- vances 117 to 51 with 113 issues unchanged. Volume by lla.m. was 000 shares, down from at the same time Tuesday. Noranda A lost to Al- Market trends VANCOUVER (CP) Prices were mixed in light trading on the Van- couver Stock Exchange today. Opening volume was shares. In the industrials. Grouse Mountain was unchanged at on 50 shares. In the mines, Grandora was up .01 at .49 on shares. In the oils, Seneca Developments was unchanged at .73 on On the'curb exchange, shares were traded. Welland was unchanged at .20 on Tuesday prices dere up in light trading. Closing volume was shares. In the industrials, Gestalt was ..un- changed at .51 on Cornat was down .05 at on International Centura was unchanged at .06 on Canadian Javelin was up .87% at on B.C. Tel rights were unchanged at .30 and Block Brothers was down .05 at In the mines, Grandora was up .04 at .50 on Barrier Reef was up .10 at .98 on Carolin was down .05 at on LP Industries was down .03 at .41 on BX Developments was up .07 at .67 and Bathurst was up .03 at .71. In the oils, Bison was unchanged at on Cop-Ex was down .02 at .16 on Princess was unchanged at .11 on Payette was down .03 at .15 on Seneca Developments was down .02 at .73 and Galveston was down .03 at Total volume on the curb was shares. Green Bluff was up .02 at .63 on Dasher was up .01 at .47 on Tapin copper was up .02 at .57 on Geor was unchanged at .33 on Ryslo silver was up .01 at .36 and Olympian was unchanged at .31. MONTREAL (CP) Prices were lower in light trading on the Montreal Stock Exchange today. Volume at a.m. was shares, compared with shares at the same time Tuesday. All sectors moved lower. Banks fell 1.84 to 218.73, papers 1.26 to 97.90, the composite .28 to 158.29, utilities .18 to 116.58 and industrials .10 to 161.07. Noranda Mines class "A" fell to Falconbridge Nickel to Bank of Nova Scotia to Consolidated-Bathurst to Dome Petroleum to Alcan to Bank of Montreal to Canadian Imperial Bank to and Toronto-Dominion Bank to Imperial Oil class "A" rose to and IAC Ltd. to Among speculative issues. Brunswick Mining and Smelting Corp. rose five cents to after trading shares. NEW YORK (AP) The stock market responded erratically to Presi- dent Ford's new economic plan today, slipping a bit at the outset but recover- ing again at noon. The noon Dow Jones average of 30 in- dustrials was up 2.19 at 604.82, although losers held a small lead over gainers in quiet trading on the New York Stock Exchange. Analysts said they had expected the market to waver uncertainly for a while as investors assessed the proposals outlined by Ford in an address to a joint session of Congress Tuesday afternoon. Simplicity Pattern was the most- active NYSE issue, unchanged at On the American Stock Exchange, the market-value index was up .20 at 63.44. The Dow Jones average of 15 utilities up .35 at 63.55, with an apparent lift from tax proposals by the Presi- dent-aimed at relieving utilities' capilalraising problems. The NYSE's composite index of listed common stocks rose .20 to 63.44. Among Canadian issues on the NYSE, Mclntyre was up 1 to and Dome Mines to while Seagrams remained unchanged at Alcan fell to Inco V4 to and Canadian Pacific to Metals LONDON (AP) Tuesday's metals in pound sterling per metric ton; silver in pence per troy ounce. Copper: futures 639-641 Tin: Spot futures Lead: Spot 229-229.5; futures 224- 224.5 Zinc: Spot 368-368.5; futures 369-370 Silver: Spot 204.5-205, 3 months 208.5-208.8. can to MacMillan Bloedel to Vz, Selkirk A Vz to and Bow Valley V2 to Teck Corp. A fell 25 cents to Craigmont five cents to and Brunswick five cents to United Canso dropped Vi to and Canadian Export five cents to Placer Development rose to Agnico-Eagle Vs to and Hudson Bay Mining A to Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Wednesday from the Calgary public stockyards totalled head, mostly slaughter cows with a light run of finished slaughter steers, young fed bulls and feeders. Slaughter steers weighing more than pounds met a good local demand in active trading with prices 50 cents higher and odd sales to Young fed slaughter bulls sold under pressure. Higher-grade cows met a good demand with prices 50 cents higher, lower grades selling steady. Steers, Al, A2- 45 to 47.50. A3: 42 to 44. Cows, Dl, D2: 19 to 20.50. D3: 17 to 18 50. D4- 14 to 17 Bulls, good: 25 to 27. There were insufficient replacement cattle and stock calves sold early to es- tablish quotations. Hogs f.o b to 11 a.m 53.25 Hog prices EDMONTON (CP) Average prices 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board. Tuesday average in brackets. Edmonton: 53.50 (54.59) Calgary: 53.25 Red Deer. 53.35 Grande Prairie- No sales Lloydmmster: No sales Fairview: No sales (53.60) Lethbndge. No sales Fort Macleod: No sales Total hogs sold Tuesday average 54.53. Sows average 32.90. SYSTE ORDERED TORONTO (CP) Air Can- ada has ordered Sperry Univac computer system which will become the heart of its reservations system in Toronto. Coseka Resources was up five cents to and Trans- Can one cent to 63 cents. Gold futures ii WINNIPEG (CP) Gold futures, U.S. funds. Winnipeg Commodity Ex- change close Tuesday. 400-ounce contracts: Oct 74 155.10B; Jan 75 161.00B; Apr 75 167.00B; July 75 172.70B; Oct 75 178 30B. Monday's volume: 485 contracts. 100-ounce contracts: Nov 74 157.00; Feb 75 163.80; May j 169.40B; Aug 75 173.90B; Nov 75 179.10B. Monday's volume: 196 contracts. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 3-25 at 9-10. Pound sterling was up 3-10 at 13-100. In New York, the Canadian dollar was up 13-100 at 3-20. Pound sterl- ing was up 3-5 at 1-20. Gold prices LONDON (AP) Tuesday's closing gold prices in U.S. dollars an ounce: London 155.50 Paris 158 65 Frankfurt 157.90 Zurich 155.75 Hong Kong 152.86 Beirut a kilo. Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Nov. 47.00N; Jan. 47.50A; July 48.75N. Monday's volume: Six contracts. Feed prices WINNIPEG (CP) Wheat Board domestic feed grain prices Tuesday: 3 CW Red spring wheat 4.02; No. 1 feed oats No. 1 feed barley 3.01. COMMERCIAL LEASING in BLAIRPMRE. ALBERTA Built to LMSM Specifications Box26.HILLCREST.Albtrti I 904-7thAve. South WESTMINSTER SHOPPING PLAZA VANTA'S ECONOMY MEATS GROCERIES NEXT DOOR AT WILSON'S VANTA'S RANCHLAND MEATS PHONE 329-4545 Phone 328-0637 Your freezer beef experts Take advantage now with the purchase of sides of beef, hinds, fronts and sides of pork. Expertly cut by your staff at Vanta's. All freezer beef is Grade A government in- spected can't do without government You see For inspection. 12-12% 5.50 9-87% 15-75 5.00 2.12 4.55 6.12% 2.55 4.95 9.25 12.75 21.25 35 .00 16.12% 14-75 4.65 8.62% 2.75 "87% 7.75 5-87_ 7.75 24.50 10.00 3 9 00 11-25 8.87% 17.00 7.87% 2-78 4-65 20 00 "-SO 22-75 1250 MsflkTan President Vanfa's Food Service IM. 1. TlritlJI8-24lb.LD SIDES of BEEF Cut, wrapped and sharp frozen. Lb.Only 89 EMKPMNMBT Previous Owner Economy Meats HINDS of Cut wrapped and sharp frozen. Lb. Only 1 29 Manager Varna's Economy Meals 2. SlltljtSttCfct