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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 10, 1973, Lethbridge, Alberta 16 THE LETHBRIDGE HERALD Wednesday, October 10, 1973 -Tin- Herald------------------------ Business Winnipeg grain WINNIPEG (CP) Flax and rapeseed posted good gains in a moderate demand at mid-session on the Win- nipeg Commodity Exchange today. Flax gained 32 to 33 cents while rapeseed was up the dai- ly limit of 20 cents in most futures. Oats and barley fluc- tuated fractionally and rye made marginal gains on limited demand Tuesday's volume of trade was 367.000 bushels of flax. of rapeseed and of rve. MID-SESSION PRICES: Flax Oct 30 higher 9.14B, Nov. 38 higher 9.02A, Dec 35 higher 8.76B; May 32 higher 8.73B. Rapeseed Vancouver' Nov. 20 higher 5 53B; Jan. 20 higher 5.46B: March 20 higher 5.40B; June higher Rapeseed Thunder Bay: Oct. 20 higher5 36B. Nov. higher Dec 20 higher 5.13B: May 20 higher 5.27B. Oats: Oct. higher Dec not open; May lower I.39Vj: July not open Barley Oct. lower Dec. lower 2.2 7 A May lower 2.26''jA; July not open Rye higher Dec 2V.i higher May 2 V8 higher 2.85'aB: July not open. Livestock reports STOCK PRICES MOVE LOWER Calgary. CALGARY (CP) Recs-pts to 11 am. today from the Calgary public stockyards showed sales of 850 head, mostly slaughter cattle Trade was moderately active, with buyers being selective. Slaughter steers were bare- ly steady to 50 cents lower. Heifers were 50 cents lower. A large amount of steers and heifers on offer appeared to be carrying excessive finish. Cows and bulls sold steady. Steers, Al, A2, A3: 44-46.40. Heifers. Al. A2, A3. 43- 45.50 Cows, Dl, D2: 36-37.53. D3: 34-36. D4: 30-34. Replacement cattle were mostly steers in the 850-1000 pound range Heifers 600-700 pounds Stock calves mostly steer calves more than 400 pounds. Prices on replacements generally steady. Good feeder steers more than 850 pounds- 42-46 Good feeder heifers more than 600 pounds: 40-45. Good stock steer calves more than 400 pounds: 50-60. Hogs f o b. to 11 a m 54 35. Beef futures WINNIPEG (CP) beef futures close Tuesday. Nov 4990A, Jan 50.50B: Mar 51 40, May 52.00N. Friday's volume: 10 con- tracts. Fort Macleod FORT MACLEOD On offer by Fort Macleod Auction Market last week were head. Stronger market trends prevailed with the calves sell- ing and higher. No slaughter steers or heifers on offer cows and bulls steady. Good feeder cows 33 to 36, good steer calves (250 to 350 pounds 65 to 7250, including Charolais crosses (350 to 450 pounds) 66 to 71.75. Good heifer calves (250 to 325 pounds) 54 50 to 57; in- cluding Charolais crosses (325 to 375 pounds) to 62.50. Medium quality stock cows and bred heifers to 430 Good cows 34 to 35.80; medium cows 31.75 to 33.75, canners and cutters 29 to 31. good bulls 37 to 39 40. Choice steers 45.90 to 46.50; medium steers 45 to 45.70, Holstein steers to 42 90: medium to choice heifers to 4370. HOGS EDMONTON (CP) Average prices to 11 a.m to- day provided by the Alberta Hog Producers Marketing Board with Tuesday average in brackets. Edmonton: 5435 Red Deer: 54.40 Calgary: 54.35 Lethbridge: Nil (54.58) Fort Macleod: Nil Total hogs sold 285 sold Tuesday average 54.67. Sows average 40.80. TORONTO (CP) The To- ronto stock market moved moderately lower in active midmorning trading today. The industrial index, consid- ered the major indicator of market direction, fell .57 to 228.86 and base metals .04 to 106.41. Golds rose 9.27 to 263 91 and western oils .42 to 24664. Volume by 11 a.m. was 000 shares compared with 1.12 million at the same time Tuesday. Declines led advances 157 to 137 with 210 issues unchanged. Industrial mining, real es- tate, utility and pipeline stocks were among declining market sectors while con- struction and material, bank and beverage issues were higher. Gulf Oil Corp. fell to Walker-Gooderham A to Nowsco Well v2 to Inco V2 to and Texasgulf to Dome Pete rose to GSW B to Reader's Di- gest Vz to Canada Per- manent Mortgage vz to and Hudson's Bay Oil and Gas to Tara slipped to and United Siscoe 25 cents to Kerr Addison gained to SIP'i and Carnflo 40 cents to Francana was up to Sunningdale Ve to and Total Pete 10 cents to Pan Ocean dropped lk to MONTREAL (CP) All sectors except banks declined in light trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 900 shares, compared with shares at the same time Tuesday. Utilities fell .84 to 144.50, the composite .40 to 236.96, in- dustrials .32 to 257 05 and papers .07 to 153.79 while banks remained unchanged at 277.12. On the Montreal Stock Ex- change, Consolidated Bathurst fell Vz to Husky Oil to IU Inter- Beef futures WINNIPEG (CP) Live beef futures close Wednesday Nov 48.00A. Jan 49 OOB. Mar 50 OOB. May 52 OOB Tuesday's volume: Seven contracts. Dividends THE CANADIAN PRESS Dividends are quarterly un- less otherwise noted Four Seasons Hotels Ltd., six cents, semi-annual. Nov. 1, record Oct. 22; six-per-cent pfd., series A 15 cents. Dec. 1. record Nov. 15 General Bakeries Ltd., 3% cents, Oct. 31, record Oct. 15. Phillips Petroleum Co., 32Vz cents, U.S. funds, record Nov. 2. Dec. 1, 2000 TONS OF CORN SILAGE FOR CUSTOM FEEDING Shipwheel Cattle Feeders Some of this corn silage still available for custom feeding Telephone today and aak for Blake Holtman, Manager Jack Schmidt, Cattle Foreman Phone 223-4333 Lccstsd 4 north of fmbmr on Highway 36 and 1'A east Dollar value MONTREAL (CP) US. dollar in terms of Canadian funds at noon Wednesday was down 1-10 at 23-50. Pound sterling was up 1-20 at 42 23- 25. In New York, the Canadian dollar was up 1-10 at 27- 50 Pound sterling was up 53- 100 at 4-5. WINNIPEG futures. L' S. funds, Tuesday Winnipeg Com- modity Exchange. Oet 73 98.B5A; Jan 74 101.25: Apr 74 104.40A; Jly 74 107.10A: Oct 74 110.70A. Friday's volume: 57 con- traels BUS GOES INTO RIVER DAR ES SALAAM, Tanzania iReuter) Forty- seven people died Friday and another 15 were injured, some o. b.iCrri critically, wucu d crashed into a river near Arusha, in northern Tanzania. Friday October to 2am Saturday October pm to Midnite Tickets ?2 each Exhibition Pavilion UMrtriit. tump ml Mrt kicks... UlttrMfi Pwki tmt Ml tin Rmckkiyi Get your tickets from: North Side Bakery Norbridge Meat and Sausage Shop Old Country Sausage Shop and Delicatessen Jack Blech's Barber Shop Lethbridge and District Exhibition Office national Corp. to and Chrysler V4 to while MacMillan-Bloedel rose 'A to Vi On the Canadian Stock Ex- change. NQN Mines rose one cent to 73 cents on 35.500 shares traded. VANCOUVER (CP) Prices were down in heavy trading on the Vancouver stock exchange Tuesday Volume was shares. In the industrials, Columbia Brew was up at on shares. Speculators fund was at on shares lonarc was down .05 at on shares. Canterra was at .30 on shares. Cornat was up .10 at and Key Industries dropped .01 at .21. In the mines. Silver Stan- dard was down 69 at on shares. Citex was at .22 on shares. Prince Stewart rose .06 at .34 on 000 shares Accent Resources was at on 54.000 shares. Cromex was down .02 at .74 and Copper Lake was down 03 at .50. !n the oils. Earlcrest was at .07 on 16.500 shares. Vargas was down .01 at .17 on shares. Stampede was down .08 at 12 on shares. Seneca dropped 14 at on shares. Plains Petroleum was at 27 and Peace River Explorations dropped .01 at .87. Potential in British markets EDMONTON (CP) Canadian businessmen should develop markets in Great Britain il they want to eventually expand onto the European continent. John Hannam. British parhcirnenlary secretary, said here U e can attract Canadians to the United Kingdom and Europe (hrough our location and expertise." Mr Hannam secretary to the British industry minister, told a chamber of Commerce meeting He is in Canada on a two- week lour to "study, in depth, the various aspect? ol Canadian-British trade re I a Nous and possibilities. Similarities between Canada and Great Britain IMC-hide regional economic problems...laboi unrest and ol course Canadians came Ironi the U.K. originally. "We ve both engaged in handling the expansion ol our ecoiioiiiics. Each ol ui hold live per cent ol Hit other's import and export total, and we're both lighting mllalion." One major dillcrence ii thai most ol Canada's in- vestment is foreign owned, compared with 14 per cent in Great Britain I1 or years we have beer accused ol being a strike prone country. But in survey great Britain eighll on Hie list ol per capita Sponsored by the German Canadian Club and the LeiObridfle and District Exhibition working days lost u Ml ikCh. "And do you know which country leads the list'' Canada. Its just that ol the Mrikrs we ve had hi) very strategic lasboi 1.28- Mar 1.29' Jul 1.22'i. Earnings THE CANADIAN PRESS N. B. Cook Corp. Ltd., year ended May 37 cents a share; 1972, 27 cents. Mount Royal Rice Mills Ltd.. six months ended Aug. 31: 1973, a share, 1972, cents. D Eldona Gold Mines Ltd., year ended April 30: 1973. 1972, Elks Stores Ltd.. six months ended July 28. 1973. 32.9 cents a share, 1972. 25.2 cents. Northern Telephone Ltd six months ended June 30, 1973. 32 cents a sliare. 1972, 000. 28 cents. Texasgulf Inc., nine months ended Sept. 30: 1973, 80 cents a share, 1972. 29 cents. Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd.) Construction of a sulphur plant tail gas clean-up facility, to cost about million, is expected to start at Shell Canada Limited's Waterton Gas Plant in December. Slcurns-Koger Canada Ltd. ol Calgary has the con- tract. The engineering- contracting tirm builds gas plants and refineries and is now designing the tail gas clean-up facility. Comple- tion date is December, 1974. It is expected the clean-up plant will reduce sulphur dioxide emission at Waterton by 70 per cent or more. Chicago grain CHICAGO (AP) Limit advances were posted in all the major futures pits on the Board of Trade Tuesday. Soybean and wheat futures rose 20 cents a bushel, soy- bean meal was up a ton, soybean oil advanced 100 points or one cent a pound, corn futures rose 10 cents a bushel and oats closed six cents higher. There was a noticeable cautious attitude among sellers, and their numbers were few. A private crop statistician estimated this year's soybean and corn production at record numbers but lower than the September agriculture department estimates. Soybeans, meal and oil were first to hit limit gains and after about three hours of mild trade near the top levels prices became locked at limits. At the close, soybeans were up 20 cents a bushel. November wheat was 18 to 20 higher. December 4.96; corn was up 10 cents. December and oats were up six cents, December Grain quotations Tuesday VMieai Dec 4 96' Mar 4 89'j. May 4.65. Jul 4.04: Sep 4 O.J Corn Dec 2 55'a. Mar 259'i. May Jul 2 Ii4' i. Mai- 2.39. Oats: Dei WESTERN Trusl 28 00 AND 5 75 Albany 4.50 Alia East Cdn Seed 6.00 Mm 1.30 A Pfd 59.00 62 Vukon 10.00 BP LINE STOCKS Brenda Gas A 11.75 Can Gas Pld 66 50 Cdn Nat Gas 19.75 Cdn Nal Gas 10.00 Cdn Ind Gas and C Gas 10.12V4 Cdn Long and C B Pfd 22.75 Cdn Trans 11 12Vz Charter Metro 4.S5 Metro A 65 00 Dome Can Pipe 32.75 Can A Pfd 60.75 Fort Can B Ptd Gibraltar Can War 6.65 Gianl Trans Trans War 2 65 Gt Gt Cdn OH 66 Oils Lytton Continental .02 Noble Warn 31 North Cdn Pancdn Pan Explor 33 No'se 74 2.00 Place .49 Vard .24 Ranger Res 18 Scurry 12 75 10 Total Stano 2.14 Copper 11 00 United West Brew 6 50 West Indus .25 1 S5 Acres Explor .87 Pete .28 BC Sugar Explor .89 Block Intl Res 1.15 Com Cap FUNDS Cdn Brew A Cdn Com 740 804 Cdn Brew 9 Cdn Div 7 87 852 Cdn Pacific Inv Crestbrook Cdn Ven 3 94 4 29 Amer Grow F 5.82 6 40 Crowsnest Spe 3.17 Falcon Copper F and M Trust 12''! Invest F 5 34 5 65 Com Inter 14 87 1634 Lev 3 97 4 36 Global Comm Ven 7 47 821 Home Invest 647 711 Home Invest S F 5.40 5 93 Hud Bay F US 1204 13.19 Hud Bay Income 3 72 4 09 Hud Bay A Equity 804 884 Hugh G F 1255 1372 Husky Mul 611 668 Husky B Accum 626 6 88 Husky D Grow c 394 433 Husky E Res 5 21 5 73 Hys of Cdn 5 94 6.53 Inter Prov Grow 5 69 6 25 Inter Prov Grow 4 91 5 39 Kaiser 711 7 40 Loblaw C Grow 837 918 Accum 5.40 5.93 Pacific Sav 817 8 98 Pac Wesl 639 702 Pe-Ben 719 788 Rainier Mul 7 98 8 69 Toronto mines, industrials (Supplied by Richardson Securities of Canada Tel Trac Advocate Tel Forest Sugar Valley Ind Ind Can NW Brew Canada Cellulose Central Power Cred Gas Ptd Cons. Inc Com Marconi Vickers Dickenson Oenison Bathurst Dome Gas Discovery Seagrams East Bridge East Textile Stores First Pete Giant Y Mobile Motors Hudson Bay Lakes Pacer Hydra Iron Sid Walker Joliet Erie Kerr Oil Key Nickel Lake Pipe Langis Group A Madsen International Malartic G Accept Marlm Doug A Intern A Nu West New Ferg New Bloed Corp A B Placer Cent Pax Corp Quebec Co CDA Rio Sears Roman Canada Sherilt A Steep Tek Group A Mtn Pipe United Can Pipe Western Carbide W House Copper Gas Wright Oil Siscoe Mfg Vellowknile A Cdn Seed 37 Elec Algoma Imperial Atco Scotia Agra Dom 4.50 53 1550 24 50 21 00 3425 1675 1000 430 5 75 775 24 50 2.20 17.00 390 1600 2525 1637V! 3550 2925 1575 4425 3700 2550 1000 1375. 35627; 31 12'z 1000 6725 2900 1775 S575 3075 2875 37 OC 2425 1075 27 87'4 18.62 V, 4.85 sezvj 11 75 512Vr 1450 2550 3825 5325 25 2425 1075 10 12'r 12.75 1800 1575 20 13 37'-4 3275 1650 54 2000 16 67-A 32.62 '4 17.50 S37V, 1525 6 75 6 67V, 1700 19.75 24.00 SCO 320 3050 3725 3700 3650 New York (Supplied by Richardson Securities of Canada) Arm T4T 51 Woolworth 2412V. Anaconda 2600 Westmghouse Elec 39 Beth Slcel 3362', US Sleel 3450 Chrysler 25 25 Gen Tele Elec 30 75 Comsat 57 75 TORONTO AVERAGES Dupont 197.12W 20 Industrials 229 34 down .09 Genoa! Motors 20 Golds 267 38 up 2 74 Gull 10 Base Metals 106 67 up 22 Int Harvester 3525 15 Western Oils 247 93 up 1 71 Kenn Copper Volume Montgomery Ward 26 NEW YORK AVERAGES Sears 97 30 Industrials 972 68 down 1 50 X-Ron 9' 75 20 Rails 181.13 down 1 15 Toxas Quit 15 s 10394 up 09 Toxas Co 32 65 29641 down .66 Wix Corporation 1700 Volume ;