Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
Godaddyseal image
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 20

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 20

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives

googlemap

Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - October 22, 1973, Lethbridge, Alberta LETHBRIDGE October Sharp decline in stock prices The Herald- Business TORONTO (CP) All sec- tors of the Toronto stock mar- p -hj- i i ,n i nirif! tiaJng iuv 1 he industrial index consid- ered the best gauge ot over-all market trend fell 1 42 to 232 41 golds 75 to 272 40 base metals 75 to 109 57 and western oils 2 80 to 261 96 Volume 11 a rn was 000 shares down from 1 17 million at the same time Fndav Declines about doubled ad- vances 193 to 98. with 197 is- sues unchanged Industrial mining oil refining bank and beverage stocks were among declining market sectors while pipeline, real estate and communica- tion issues were highei Abitibifell 's to Bank of Nova Scotia '2 to Bank of Montreal to Falconbndge Nickel to and Inco to To- ronto Dominion Bank '-i to United Asbestos 15 tents to 95 Y and R Properties !s to U and Southam Press >4 to Placer was off to and Brunswick 20 cents to 30 Quebec Sturgeon gained five cents to 05 United Canso declined 1 to while Page Petroleum increased five cents to 15 MONTREAL (CP) All sectors declined in light trading OP the Montreal stock market today Combined volume on the Montreal and Canadian stock exchanges at 11 00 a m was 282 900 shares compared with 287 400 at the same time Fndav Banks dropped 1 09 to 287 95 industrials 86 to 260 20 the composite 77 to 240 59 papers 68 to 152 85 and utilities 35 to 146 32 On the Montreal Stock Ex- change Denison Mines dropped Ja to Dome Petroleum '2 to Vz Power Corp >2 to Algorna Steel to and Banque Canadienne Nationale '4 to On the Canadian Stock Ex- change Quebec Uranium Min- ing rose three cents to 47 cents on 78 500 shares traded VANCOUVER (CP) Prices were higher on the ancouver Stock Exchange Closing volume was 2 449 271 shares In the industrials speculators funds was up 04 at on 65 725 shares Trans Canada Pipeline was at 50 on 10 000 shares Mercuna was down 03 at 53 on 8 000 shares EDP Industries dropped 02 at 30 on 8 000 shares Bank of Montreal was unchanged at and Thermo Plex was 88 In the mines Azure rose 04 at 28 on 202 700 shares Cutlass was up 03 at 15 on 184 500 shares Green Eagle dropped 12 at 17 on shares Silver Standard was down 08 at 82 on shares Brenmac was at SO'z and Brendon was up 07 at 35 In the oils Chapparal was unchanged at 10 on shares Rose pass was up 11 at 45 on 18 000 shares Seneca dropped 10 at 20 on 16 966 shares PRP Explorations was up 03 at 83 on shares Monterey A was up 06 62 and Vargas dropped half a cent at 15 Vz NEW YORK controversy over President Nixon's dismissal of the special Watergate prosecutor set off an early decline in the stock market today But prices recovered a bit after investors turned their at- tention to the proposed Mideast ceasefire The Dow Jones industrial average, which had slumped more than 7 points in the first half hour, was down only 3 77 to 959 at noon Among Canadians on the New York exchange only Dome Mines showed a gain to V 1 ut 37 t, In 11 'ittj Nickel down at 37Js f-Jud- sons Bay Mining down at Massey Ferguson down 7s at 26 and Walker down at Livestock Lethbridge Livestock Butcher cattle prices steady to higher in spots Replace- ment cattle about steady Cat- tle market active Slaughter steers meeting good demand prices 50 to higher early in the week Slaughter heifers around higher All classes of cows sold readily at firm prices Bulls steady Medium and good stocker and feeder steers meeting very good demand at steady prices Stock steer and heifer calves also meeting good demand prices generally steady SLAUGHTER CATTLE Steers Al and 45 to 45 60 Heifers Al and 42 45 to 46 10 Cows Dl and D2 35 25 to 37 20 D3 32 to 34 D4 29 to 32 Bulls 40 to 42 60 REPLACEMENT CATTLE Good feeder steers over 750 Ibs 50 to 55 good feeder steers under 750 Ibs 59 75 good feeder heifers 45 to 51 10 bred heifers 350 to 400 per head good stock cows 31 to 36 40. good stock steer calves over 400 Ibs 60 to 66 50, good stock steer calves under 400 60 to 66 good stock heifer calves 54 to 60 50 HOGS AND LAMBS Butcher hogs sold 53 75 to 54 10 base price All classes of weaner and feeder hogs meeting good demand at about steady prices Weaners 15 to 25 per head Light feeders under 100 Ibs 25 75 to 34 50 Heavy feeders over 130 Ibs 46 to 55 50 all prices per head Light feeders under 100 Ibs sold from 33 50 to 44 50 per hundredweight Heavy feeders over 100 Ibs sold from 29 50 to 38 per hundredweight Live butcher hogs sold at 41 90 to 42 30 Good lambs 29 to 30 Fort Macleod, FORT MACLEOD On offer by Fort Macleod Auction Market last week were head of cattle and calves On Tuesday the market on choice steers and heifers remained steady with A 3s and A 4s discounted to Limited offering of good yearling steers and heifers saw heavy feeders under pressure with 750 to 800 pound classes meeting good demand Choice steers 46 40-47 30 wastv and overfmished steers 43 50-45 choice heifers 44 40 44 80 medium overfmished heifers up to 43 75 Good cows 35-36 60 with heifery kinds up to 41 50, medium cows 33-34 75 canners and cutters 28-3250, good balogna bulls 38 42 25 medium bulls 35 50 37 75 Good yearling steers (800 to 875 pounds) 50-5450 good green steers (700 to 800 pounds) 55-5860, good yearl- ing heifers (625 to 750 pounds) 50-5210 med quality stock cows and bred heifers to On Wednesday at Hi-Way 52 Feeders at Raymond choice steers 46 60-47 30 choice heifers 45 to 45 60 On Wednesday and Thurs- day at Fort Macleod, trade on top quality ranch calves open- ed with prices higher than an- ticipated, however the varia- tion in prices between the choice steer calves that were dehorned and showing good bloom and the bulls and medium quality calves was somewhat startling Prices of to per hundredweight were reali7ed on the top quali- ty calves with those of medium quality selling down to MAZDA ROTARY Twice the engine warranty of most piston cars. Well, what's it going to be? Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by McQuaig Ltd 11AM WESTERN AND Afton Albany 37 Alta East BP Brenda Can Cdn Ex Cdn Cdn Ind Gas Cdn Long Cdn Dome 62 Fort Giant Gibraltar Gt 87 Yz Gt Cdn Oil Lytton 41 Noble 42 North Cdn Pancdn 37Vi Pan 76 Place Scurry 25 25 Total United West West Acres 87' 2 BC Sugar Block Cdn Pac Inv Com Cap Cdn Brew A Cdn Brew B 00 Crestbrook Crowsnest Falcon F and M 2 Global Com Home 50 Home Hud Bay Hud Bay Hud Bay A Hugh Husky Husky B Husky D Husky E 12V4 Hys of Inter Prov Inter Prov Kaiser Loblaw C Pacific 50 Pac West Pe Ben 37 V, Rainier 87' 2 Royal Trust Sandwell Teledyne West Cdn Seed Westfield Mm Weston A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas Gaz Metro Gaz Metro A N and C Gas N and C B Pfd Pacific Trans Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans Wts CALGARY Ac roll Barons Oils N Continental W Warner VANCOUVER MINES Atlas Explor Bath Norse Dankoe Davenport Dolly Vard Equitonal Res Lornex Primer Pyramid Silv Stand Val Copper INDUSTRIALS Colum Brew Key Indus Wardair OILS PRP Explor Plains Pete Pond Explor Stam Intl Res MUTUAL FUNDS 2825 575 425 1 52 5950 10 11 75 6650 1950 9 87' z 455 6500 1050 2300 11 12'z 3350 3875 685 1700 320 69 05 02 30 40 77 200 47 22 18 14 1 84 1050 525 20 1 80 83 27 87 1 02 All Cdn Com All Cdn Dv All Cdn Ven Amer Grow F AGF Spe Cdn Invest F Col Mutual Corn Inter Com Lev Com Ven Corp Invest Corp Invest F Dreyfus F US Grt Pacific Grpd Income Grow Equity Invest Grow F Invest Mut Mut Accum Mut Grow F Nat Res NW Cdn NW Grow Pnn Grow Prov Mutual Royfund Temple Grow Unit Accum Univer Sav Univest Vanguard 7 38 8 02 7 81 8 49 3 95 4 29 5 76 6 33 311 5 31 5 82 631 693 1491 1639 3 92 4 31 737 810 6 60 7 25 555 610 1207 1323 4 87 5 33 375 413 8 22 9 03 1284 1404 618 675 6 39 7 03 4 03 4 42 5 31 5 84 6 05 6 65 5 64 6 20 512 562 1003 11 02 7 25 7 54 833 913 5 41 5 95 835 918 6 44 7 08 7 04 7 72 Voronto mme.s, industrials i Supplied by Richardson Securities of Canada) MINES Acme 12 Advocate Asb 1 32 Akaitcho 1 13 Bralorne 1 90 Broulan 40 Bethlehem 1650 Bovis 2 40 Brunswick 6 25 Can NW Land 835 Canada Tung 315 Cassiar 1350 Central Pat 1 00 Chimo 1 03 Conwest 4 65 Cons Rambler 3 30 Com Lake 13V? Cochenour 66 Craigmont 7 55 Dickenson Mines 3 20 Denison Mines 44 75 D Eldona 43 Dome Mines 91 50 Discovery Mines 80 East Malartic 370 East Sullivan 3 00 Falconbndge 82 00 Frobex 25 First Mantimes 90 Giant Y K 875 Granduc 3 95 Hoilmger 48 00 Hudson Bay 30 25 Hydra Ex 26 Iron Bay 3 70 Iso 2 21 Joliet Quebec 21 Kerr Addison 1200 Key Anacon 38 Labrador 45 50 Lake Shore 271 Langis Silver 05 Madsen R L 112 Malartic G F 85 Martin McNeely Maclntyre 57 Meta 14 Midrim 18 Intern Mogul 9 80 Nu West Homes 975 New Athona 13 New Calumet 24 Noranda 56 Northgate 4 60 Norlex 42 Pine Point 36 Placer Dev 2975 Pax Exp 1 35 Quebec Man 13 Rayrock 1 00 Radiore 28 Rio Algom 31 25 Roman Corp 11 50 Sherntt Gordon 18 00 Steep Rock 1 75 Tek Corp 400 Texmont United Canso 1875 Western Mines 3 30 W House Copper Mines 310 Wright Hargreaves 90 Willroy 1 06 Windfall Ypllowkmfe Bear 4 70 Zenmac 09 11 AM QUOTES INDUSTRIALS Abttibi 14 37 Vi Alcan 3? 82V4 Algoma Steel 20 Atco Ind Jannock 6 SO Agra Ind 12 Bell Tel 41 25 Brazilian Trac 1937'z BC Tel 53 75 Burns 1625 BC Forest 23 BC Sugar 20 50 Bow Valley Ind 35 50 Cable 1725 CAE Ind Cdn Brew 415 Chemcell Cdn Cellulose 7 75 Cal Power 24 37% Coron Cred 2 25 CWN Gas 11 00 Cdn Indus 1775 Cdn Marconi 3 90 Cdn Vickers 17 25 Chrysler CPR 1675 Commco 36 Cons Bath 28 50 Cons Gas Dist Seagrams 44 50 Dom Bridge 37 00 Domtar 25 75 Dorn Textile 10 25 Dom Stores 1387V2 Dome Pete 36 50 Dofasco 33 00 Glen Mobile 9 Grt Cdn OH 8 00 Gen Motors 62 Grt Lakes Paper 29 00 Gulf Oil Cda 33 50 Greyhound 1750 Hawker Sid 5 50 Hiram Wa'ker 55 50 Huron Erie 32 25 Imperial Oil 43 25 imasca 29 50 Int Nickel 37 Int Pipe 23 75 Inv Group A 975 IU Inter 28 00 Indus! Accept 1850 Kaps 6 25 Kelly Doug A 5 Laurentide Loeb 5 00 Loblaw A 5 00 Metropolitan 14 Mass Ferg 24 50 McMil Bloed 38 25 Moore Corp 53 37v, Molsons A 24 50 Molsons B 24 75 Nachurs North Cent 10 50 Power Corp 1275 Price Co 17 25 Rothmans 15 00 Shell CDA Simpsons 9 75 Simps Sears 1275 Steel Canada 34 00 Selkirk A Texaco 55 00 Trad Grp A 19 12V4 Trans Mtn Pipe 16 75 Trans Can Pipe 33 Union Carb 17 50 Union Gas 10 Union Oil 1475 United Siscoe 6 60 Versatile Mfg 7 Woodwards A 23 West Cdn Seed 537% Zenith 3 20 BANKS Cdn Imperial 31 00 Montreal 1975 Nova Scotia 39 00 Royal 37 Tor-Dom 38 00 New York (Supplied by Richardson Securities of Canada) Arm Woolworth 2275 Anaconda westmghouse Elec 3200 Beth Steel uS Steel 3550 Chrysler 2325 Gen Tel Elec 2687v, Comsat 54 00 TORONTO AVERAGES Dupont 194 75 20 Industrials 232 69 down 1 14 General Motors 62 20 Golds 270 33 down 2 82 Gulf 2300 10 Base Metals 11008 down 24 Int Harvester 3387Vi 15 Western Oils 262 69 down 207 Kenn Copper 36 25 Volume 1 363 448 Montgomery Ward 25 75 NEW YORK AVERAGES Sears 94 75 20 Industrials 962 52 down 1 20 X Ron 9300 20 Rails 182 45 down 92 Texas Gulf 2950 15 Utilities 099 02 down 35 Texas Co 31 65 Stocks 292 78 down 7? Wix Corporation 1800 volume 7810000 B.C. rail strike causes blow to lumber industry By STEVE KRUEGER PRINCE GEORGE B C (CP) If the forest products industry is the life-blood of northern British Columbia, then railways are the arteries that pump the blood south to lucrative lumber markets And when those arteries are cut by strikes as they have been four times this fall the effect is a type of creeping paralysis that causes industry to go limp and puts men out of work sometimes for weeks The present strike by Soviet grain crop sets record WASHINGTON (AP) Farmers in the Soviet Union, currently wrapping up a record grain harvest in 1973, also are off to a good start with fall planting of winter crops for next year's produc- tion, the United States agriculture department said Sunday By Oct 8, the foreign agricultural service reported, about 79 million acres had been planted to wheat and other winter grains, bout 93 per cent of the land intended for such crops A year ago, following the small 1972 grain harvest, only about 80 per cent of the intend- ed winter-crop acreage had been planted by Oct 8 But favorable weather helped boost 1973 Soviet gram production to a record level, estimated by U S experts at 195 million metric tons or just short of Moscow's goal of 197 4 million Dollar value MONTREAL (CP) U S dollar in terms of Canadian funds at noon Monday was down Vt at 4-5 Pound ster- ling was up 3-20 at 43 9-25 In Detroit, the Canadian dollar was up 1-25 at 00 1-5 Pound sterling was up at members of four shopcratt un- ions against the British Columbia Railway has put more than 350 men employed by three Prince George com- panies out of work in just four days North Central Plywood Ltd closed its veneer plant last Monday putting 240 ment out of work Tuesday, Dunkley Lumber Company 30 miles south of Prince George, shut down its logging planing and other operations laying off 50 men, retaining only 25 on a skeleton sawmill shift On Wednesday, Clear Lake Sawmills 25 miles southwest of Prince George, shut down its sawmill, laying off another 65 men Only the company's planer mill is still in operation, and that only because some Cana- dian National Railway cars are being made available Dennis Dunkley said Dunkley Lumber laid off all its planer and logging crews because "the situation is a carry-over of the rotating strikes we just have too much wood already on the ground He estimated that it would take two to three weeks to clear up the inventory left from rotating and nation-wide railway strikes, and two BCR strikes Normally, the com- pany receives seven to eight cars a day Wilf Patton of Clear Lake said the mill was closed because "we have such an ac cumulation of rough wood there is no point in cutting more "During the first BCR strike we had- the planer mill shut down for about two weeks to clear away the in- ventory but this time we are able to get some CNR cars so we are still operating Mr Patton described the situation as "very com- plicated" and said "no one reason is the cause of the pre- sent situation "It started because of a good year for wood and high demand for he said "Then the slow-down on the national railway, then the nation-wide strike, and now two BCR strikes "It all boils down to the railway not being able to get M Another protest Federal public servants, members of the Public Service Alliance of Can- ada, marched on Parlia- ment in Ottawa to protest the wage offer they received from the treasury board. The dem- onstrators claim that the offer is less than the cost of living rise last year Statistics Canada show the rise in the cost of living to be 8 3% in the last 12-month period Texasgulf plans new plant NEW YORK (CP) A spokesman for Texasgulf Inc said today the mining company plans to build a new copper smelter and refinery to process increased produc tion from its Kidd Creek mine near Timmms, Ont Engineering and feasibility studies on the smelter already are under way and firm deci- sions on details will be made in the near future the spokesman said Construction of the smelter will be part of a two-stage ex- pansion being undertaken at Kidd Creek as a result of the discovery of a significant zone or copper The first stage in the ex- pansion program will be an in- crease in the mine and con- centrator production to five million tons a year from the present 3 6 million tons Hog prices EDMONTON (CP) Average prices to 11 am Monday provided by the Alberta Hog Producers Marketing Board with Friday's average in brackets Edmonton 5310 (5391) Red Deer 53 10 (53 92) Calgary 53 10 (53 95) Total hogs sold 617, total hogs sold Friday average 53 92 Sows average 5025 Winnipeg grain WINNIPEG (CP) The market was strong and tiading moderate through mids-ession on the Winnipeg Commodity Exchange today Flax and Vancouver rapeseed were advanced about 15 cents on good ex- porter buying while other commodities were up a few cents Fndav s volume of trade was 761 000 bushels of flax ol rye and 1 219 000 of rapeseed Mid-session prices Flax Oct 15 higher 8 92B, Nov 14 higher 8 87B Dec 10 higher 8 63B May 10 higher 843B Rapeseed Vancouver Nov 14 higher 5 45B Oct 15 higher 5 32B, March 15V4 higher 5 June 15 Vt higher 5 14B Rapeseed Thunder Bay Oct 2 higner 4 88B Nov 2 higher 4 90'2B Dec higher 4 72B Ma> 10 higher 497B Oats Oct Vi higher 1 61B Dec 8 higher 1 59B, May 3V2 higher 1 45V2B July not open Barley Oct unchanged 2 Dec higher 2 May unchanged 2 19B July not open Rye Oct '2 higher 260B, Dec 2J4 higher 2 53A May higher 254V2A July higher 2 New Ford named Bobcat TORONTO (CP) Ford of Canada announced Friday that it will introduce a new Canadian-built sub-compact car next month, a version of the Pinto called the Bobcat The Bobcat will be built at Ford s St Thomas Ont plant and will be sold exclusively in Canada replacing the British- built Cortina which is being dropped because of increasing import costs The Bobcat will be available as a two-door sedan a three- door model and a station wagon William L Hawkins Ford of Canada vice-president and general manager told a news conference production in St Thomas will start Nov 5 and the new car will be introduced to Mercury dealers Nov 30 He said projected sales of the Bobcat in calendar 1974 are about 13 000 roughl} dou- ble Cortina sales this year The new car, with few styling changes from the Pinto will be priced in the Pinto range Some Maverick production at the St Thomas plant will be shifted to the U S to make room for Bobcat production Mr Hawkins said the St Thomas plant which assembles Pintos as well now is at full capacity with 4 100 employees He said the Cortina first imported into Canada in 1962 and dropped from the U S market in 1970 has been hit by substantial escalation in costs currency revaluation ocean freight and in-transit charges These costs have necessi- tated an increase in the sug- gested retail price of the base Cortina of or 19 per cent in the last two years and would force an additional in- crease of or 12 5 per cent on a 1974 model and require further substantial price rises in 1975 Mr said that in the highly-competitive and price- conscious small-car market "we believe that increases of this total magnitude would be rejected by the buyer Ford however, has advised all present late-model Cortina owners in Canada that avail- ability of service and parts will be maintained Without specifying details Mr Hawkins said steps are being taken to protect the trade-in value of present Cor- tinas and avoid "any unusual depreciation' of the car in the used-car market WAREHOUSE SPACE FOR RENT! 3200 Fwt 543 30th StrMt North Apply SPROULE BEARING SUPPLY LTD. 328-6681 GUARANTEED SAVINGS CERTIFICATES Interest Payable Monthly, Quarterly, Semi-Annually, Annually or Compounded to Maturity MEMBER CANADA DEPOSIT INSURANCE CORPORATION FARMERS MERCHANTS TRUST 309 7th St. 8., Phont 328-5548 ;