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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 24, 1973, Lethbridge, Alberta The Herald- Business Stocks Miscellaneous Vancouver, Calgary, (Supplied by Doherty, McQuaig WESTERN 5 75 AND 4 35 Alton Cdn Seed 6 Albany Mm 1 49 A Pfd 59.50 Yukon LINE STOCKS Alta East Gas A 11 62 V; BP Gas Pfd 67 50 Brenda Nat Gas 1950 Can Nat Gas 9 50 Cdn Ex Metro 4.65 Cdn Metro A Pfd 65.00 Cdn Ind Gas and C Gas 10.50 Cdn Long and C B Pfd 22 75 Trans 1087VJ Cdn Can Pipe 33 75 Dome Can A Pfd 62 37% Can B Pfd 39 00 Fort Can War 6.70 Giant Trans 17.50 37 Trans WtS 3.20 Gt .73 Gt Cdn Oil Oils 05 Continent 02 Lytton Warner 30 Noble North Cdn Explor .37 Pancdn Norse 73 Pan 2.05 46 Vard 21 Place 17 13 00 Scurry .12% Stand 1 54 Copper 1 1 00 Total Brew 5 00 United Indus 20 West 1.75 West Explor .86 Pete .25 Acres Explor 87 Intl Res 1 05 BC Sugar FUNDS Block Cdn Com 7 29 7 92 Cdn Pacific Cdn Div 7 72 8.32 Com Cap Cdn Ven 3.92 4.26 Cdn Brew Grow F 5 72 6 29 Cdn Brew B Spe 3 09 Crestbrook Invest F 5 29 5 80 Crowsnest Mutual 6.21 6.82 Falcon Inter 1485 16.32 F and M Lev 3.93 4.32 Venture 7.39 8 12 Global Com Invest 6 56 7.21 Home Invest F 5 53 6 08 Home Fund US 11 97 13 12 Hud Bay Pacific 4 87 5 33 Hud Bay Income 3 73 411 Hud Bay A Equity 8.23 9.04 Hugh Grow F 1280 13.99 Husky Mut 6 16 675 Husky B Accum 639 703 Husky D Grow F 398 4 38 Husky E Res 5.30 5 82 Hys of Cdn 6 02 6.62 Inter Prov Grow 557 6.12 Inter Prov 62 Grow 5 08 5.57 Kaiser Mutual 8 08 8 75 Loblaw C 7 22 7 51 Grow 833 913 Pacific Accum 5 37 5 90 Pe-Ben Sav 8.32 9.15 Rainier 6.44 7.08 Royal 693 759 Toronto mines, industrials (Supplied by Richardson Securities of Canada) Advocate Forest Sugar Valley Ind Brew Can NW Cellulose Canada Power Cred Central Gas Indus Marcom Cons Vickers Coin Dickenson Bath Denison Gas Seagrams Dome Bridge Discovery East Textile East Stores Pete First Mobile Giant Y Cdn Oil Motors Lakes Paper Hudson Bay Oil Cda Hydra iron Sid Walker Joliet Erie Kerr Oil Key Nickel Lake Pipe Langis Group A Madsen R Internal Malartic G Accept Martin Doug A Intern A Nu West New Ferg New Bloed Corp A B Pine Placer Cent Pax Corp Quebec Co CDA Rio Roman Sears Sherntt Canada Steep A Tek Group A United Mtn Pipe Western Can Pipe W. House Copper Carbide Wright Gas Oil Siscoe Yellowknile Mfg A Cdn Seed Algoma Elec Atco Imperial Agra 2 Bell Scotia Brazilian BC 1600 24 12V, 2025 3650 17.37V4 4.10 587VS 7 62 V4 2425 220 10.75 1762V2 380 23 B7V4 16 62'A 3675 1637% 44.25 37.75 25.62 V, 1025 1387V4 3750 32.75 950 8.00 63.25 2925 33 1750 55.50 32.25 44.00 3700 975 28.12V, 6.37V4 525 11 50 480 5 12VS 14 12Vi 38.00 54.00 2475 1362% 10.50 12.25 17.50 14.75 962V, 33 62% 1650 5500 19.00 33 1750 14 6.90 7.87% 21.25 19.50 2350 600 320 31.37% 19.87% 38.62% 38.12% 3812% New York (Supplied by Richardson Securities of Canada) Amr UT 49.00 Woolworlh 23.00 Anaconda 25.62% Westmqhouse Elec. 31.87% Beth. Steel 34 12% U.S. Steel 36.00 Chrysler 23 87% Gen. Tel Elec 28.75 Comsat S3 25 TORONTO AVERAGES Dupont 19825 20 Industrials 232.78 up 18 General Motors 63.75 20 Golds 275 37 up 60 Gulf 24.00 10 Base Metals 110.20 up 07 Int Harvester 34.25 15 Western Oils 264.09 down 14 Kenn Copper 37.50 Volume Montgomery Ward 24 75 NEW YORK AVERAGES Sears 94 25 20 Industrials 966.06 down 45 X-Ron 94 25 20 Rails 181 75 down 07 Texas Gull 29.87% 15 Utilities 99 91 up 41 Texas Co. 32 50 65 Slocks 293 59 up 06 Wix Corporation 16 75 Volume 6.890.000 Wednesday, October 24, 1973-THE LETHSRIOQE HERALD-2 TSE stock prices fractionally up Grain delivery backlog blamed on rail strike WINNIPEG (CP) Ship- ments of Canadian grains are still far behind schedule be- cause of the national railway strike late this summer, G. N. Vogel, chief commissioner of the Canadian wheat board, said here. Speaking to a world grain seminar Mr. Vogel said many railway cars normally used for grain have been diverted to use for other commodities, especially potash. Although delays in grain shipments have become a matter of "serious he said the wheat board is do- ing everything possible to space its sales and move grain on time. Mr. Vogel also said this Talks planned for national transport corp EDMONTON (CP) Plans for consultations with the provinces on establishing a national transportation development corporation that would be active in both Cana- dian and foreign markets were unveiled at the second national tn-level conference here. Ron Basford, federal urban affairs minister, said he has received authority to respond positively to provincial re- quests aimed at facilitating development of the cor- poration. Ontario Treasurer John White, whose government has launched a provincial agency along similar lines, said he welcomed the proposal but could not commit his govern- ment any further. Discussions now were being held with federal officials about the cor- poration. Mayor J W. Bird of Fred- ericton, head of the municipal delegation, demanded assur- ance that municipalities would be consulted. Mr. Basford said he is sure they will be. As sketchily outlined by Mr. Basford, the corporation would coordinate development, promotion and marketing of transit systems. Canadian industry has not been in the forefront of the growing transit manufactur- ing field and some sources say the new national body could help industry get up to 15 per cent of the world market for transit systems. "A national instrument would marshal our scientific and industrial resources to the task of satisfying most, if not all, of your current and future needs in public transpor- Mr Basford told delegates. If formed in partnership with all the provinces and the federal government, the proposed corporation would attempt to crack the Canadian market for transportation systems that is estimated to be worth billion by 1990. The launching of consulta- tion with the provinces "seeks to respond to the initiatives taken in recent months by the province of Ontario, whose leadership in the field has become the envy of authorities said Mr. Basford. Ontario has es- tablished a provincial agency to market a West German transit system adapted to Canadian conditions. With the national cor- poration, it will be possible to tailor systems to the needs of both small and large com- munities. "The intermediate capacity transit system currently being developed for special pur- poses in Toronto, Hamilton and Ottawa is perhaps the most sophisticated of the systems currently required. But the municipalities represented here have many other requirements that are just as urgent and in which technological improvement is just as necessary." NEED TO UNITE Mr. Basford stressed the need for co-operation between the three levels of govern- ment in solving transportation problems. "Public needs could not be served adequate- ly if separate and incom- patible transit systems were to result from independent research and development programs" in areas such as Ottawa and Hull, Que. Ottawa has been re-exam- ining its role in urban trans- portation "and it is clear that we will have to spend more money in this field." Mr. Basford said trans- portation exemplifies how the problems of the three levels of government are indivisible "Your neighbor can be tor- mented to the same degree by the noise from a federal air- port, a provincial highway or a municipal arterial." With one-sixth of the gross national product spent on transportation, "the economic incentive to develop more ef- ficient urban transportation means is obvious." Calgary livestock CALGARY (CP) Receipts to 11 a.m Wednes- day from the Calgary public stockyards show sales of about head, mostly butcher steers. Trade was ac- tive Butcher steers met a good demand from local buyers selling at 50 cents higher. Over fat A3 and 4 steers were not as heavily discounted as in Tuesday sales. All classes of butcher heifers, cows and bulls ere meeting good de- mand and selling at steady rates. Steers Al and 2 45.50 to 47. A3 43 to 4550. A4 40 to 43 Heifers Al and 2 43 to 43.70. A3 40.50 to 43. A4 38 to 40.50. Cows Dl and 2 35 to 37. D3 33.50 to 35, D4 29 to 33 Good bulls 39 to 41. Feeder cattle were in short supply being mostly heavy feeder steers weighing 900 to pounds. Good heavy feeder steers more than 750 pounds 48 to 52. Good feeder cows 35 to 38 25. No hogs sold. Good lambs sold Tuesday 28 to 30. Gold futures WINNIPEG (CP) Gold futures, U.S. funds, Winnipeg Commodity Exchange close Tuesday. Oct73 100.80B; Jan 74- 104.50A; Apr 74 107.00: Jly 74 110.30A: Oct 74 113.20B Monday's volume: 58 con- tracts. year's harvest will yield con- siderably less top-grade wheat than normal. The mill- ing wheat crop is expected to yield no more than half No 1 c.w., in contrast to 85 per cent in a normal year. The average protein content of No. 1 c.w. is about 13 6 per cent, with No. 2 grades aver- aging about 13 per cent. Durum wheat is expected to grade mostly No. 2 or No. 3 c.w., but sizable amounts of No. 4 and Ex. 4 will also be available. About 85 to 90 per cent of this year's barley crop is like- ly to grade No. 1 or No. 2 feed. Mr. Vogel said wheat production this year was es- timated at 622 million bushels, but he noted more than 100 million bushels were still in the fields last week, and a re- cent board survey indicates yields will be slightly lower than expected. "What the Canadian wheat supply picture means in terms of exports is that Canadian ex- ports may have to be down a hundred million bushels from last year, even though we will again be drawing down our carryover he said. Final production estimates for this year's crops are to be issued next month by Statistics Canada. One-day mall Robson Street in down- town Vancouver has been given a new look, but the change only happens once a week. On Saturday the busy downtown street is turned into a mall. Chicago grain CHICAGO (AP) Two nearby wheat options advanc- ed the 20-cent limit for one session on the Board of Trade Tuesday, but gains in distant options were smaller Wheat prices had opened on a weak tone, dropping some 8 cents a bushel A rally then got under way after several commercial firms, including export interests, began buying futures. At the close, wheat was 10 to 20 cents a bushel higher. December 4 corn un- changed to lower. December 2.39: oats 31 to I14 higher. December 1 21 Vj and soybeans 2 to 4 higher. November 5 48 Grain quotations Tuesday Wheat Dec 4.53'z. Mar 443, May 425. Jul 383. Sep 383. Corn: Dec. 2.39; Mar 2 May Jul 2.51'2: Sep 2 Dec 2 29. Mar 2 Oats Dec 1 21 Vj Mar May Jul Beef futures WINNIPEG (CP) Live beef futures close Tuesday. Nov Jan Mar 52.05B: May 52.50A. Monday's volume: 10 con- tracts. Business across Canada shows 13 per cent hike TORONTO (CP) D. W. Morison, vice-president of the Royal Bank of Canada, said here business increased 13 per cent across Canada this year "and 1974 will be even better." In a speech to the Toronto Home Builders Association. Mr. Morison said an expan- sion in business capital spending in 1974 should provide the impetus for a year of moderate growth. Other projections indicate real growth in 1974 or about 5.5 per cent, allowing for in- flation, he said. This follows an increase in gross national product of about seven per cent this year and six per cent in 1972. "We appear to be moving from a period of strong economic growth through a period of very strong economic growth into a period of moderately strong growth." He said the first quarter of 1973 produced wage and salary increases of 12 per cent in the first six months, un- usual increases in car and retail sales, a 23-per-cent gain in farm cash receipts and a 17- per-cent gain in the value of manufacturers' receipts. Im- Dividends Dividends are quarterly un- less otherwise noted Bow Valley industries Ltd., five cents, semi-annual, Nov. 30, record Nov. 9. Cities Service Co., 55 cents, U.S. funds, Dec 10, record Nov. 5. Goodyear Tire and Rubber Co. of Canada Ltd., 15 cents, Dec. 18, record Nov 27; four per cent pfd 50 cents, Jan. 31, record Jan. 10. Dollar value MONTREAL (CP) U.S dollar in terms of Canadian funds at noon Wednesday was down 1-5 at 23-50. Pound sterling was down 53-100 at 89-100. In New York, the Canadian dollar was up 1-5 al 00 27-50. Pound sterling was down 1-25 at 21-100 ports increased by 24 per cent in the January-July period and exports by 25 per cent. "All of these are excep- tionally high figures and we have all felt their impact in booming incomes, booming loan demand and booming house construction." Mr. Morison predicted that inflation will undoubtedly con- tinue through 1974, and con- tinuing shortages of raw materials will produce further demand-induced price in- creases. Hog prices EDMONTON (CP) Average prices to 11 a.m. Wednesday provided by the Alberta Hog Producers Marketing Board with Tuesday's average in brackets: Edmonton. 53 70, Red Deer: 53 70, (53.43) Calgary: Nil. Lethbridge Nil. (53.94) Fort Macleod- Nil, Total hogs sold 230, hogs sold Tuesday. 9.694. average 53 67. Sows average 40.10. TORONTO (CP) Prices on the Toronto stock market were fractionally higher in moderate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, was up .20 to 232.80. golds .84 to 275.61 and western oils 50 to 264 73. Base metals fell 20 to 109.93. Volume by 11 a.m. was 779.- 000 shares compared with 722.000 at the same time Tuesday. Advances led declines 150- to 120 with 200 issues un- changed Construction and material, communication, chemical and pipeline stocks were among advancing sectors of the market while oil refining, in- dustrial mining, paper and forest and merchandising issues declined. Westeel Rosco rose to Great Lakes Paper to Budd Automotive to Price to and Canada Permanent to Roman Corp was up to Kerr Addison V-i to and Denison to Ranger Oil climbed to and Siebens v, to V4. Falconbridge Nickel fell 'z to IU International to Inco Vs to Bell Canada to Vg and Chrysler to Anglo United Development lost four cents to 85 cents and Alberta Eastern Gas 10 cents to VANCOUVER (CP) Prices were down in moderate trading on the Van- couver Stock exchange Tuesday. Volume was 1.894.- 897 shares. Most active industrial issue was Thermo Plex, up 05 at after a turnover of 26.800 shares Speculators rose 05 to on a volume of 9.200 shares. Webbeknap traded at .45 on a volume of Mercuna was at .53 after trading 5.000 shares. lonarc rose .05 to 95 and Block Brothers was up .05 at 25 Silver Standard was the most active mine issue, down .26 at 42 on a volume of 200 shares Cutlass rose 02 at after a turnover of 99.900 shares. Exeter was at .18 on a turnover of 78.500 shares. Rackla rose 05 to .62 on a volume of 70.000. Accent Resources rose .02 to .36 and Gold River was up .03 at Seneca Developments led the oil traders, down 05 at 13 after a turnover of shares. Vargas traded at .15 on a volume of shares. Chapparal was at 11 on a volume of 16.500, PRP Ex- plorations traded at .85 on a volume of Vartas warrants traded at 06 and Monterey A was up 01 at .58. MONTREAL (CP) All Mines moved up one to an Southam Press to On the Canadian Stock Ex change, Quebec Uranium Min ing Corp. rose two cents to 5 cents on shares traded. NEW YORK (AP) I sharp contrast to Tuesday1 dramatic swings, the stoc market drifted along todaj with investors cautious! evaluating the domestic an international scene. The Dow Jones average o 30 industrials, up over 2 point early in the day. had slid bac to 965.98. down .53. by noon. The New York Stock E> change (NYSE) inde likewise fell to a noon level o 59 11, off .04 Advances equal! ed declines in moderat trading. Among Canadians on th New York exchange, gainer included Alcan up to Dome Mines up '2 to and Hudson Bay up to 2 Winnipeg grain WINNIPEG (CP) Trading continued light will the market strong througl midsession on the Wmnipei Commodity Exchange today. Although there were few ac tual trades completed, buyini interest in all commoditie except rye and oats had price higher. Rye was fractionally lowe while December oats, the onl; month with any activity, wa sharply lower. Tuesday's volume of tradi was bushels of flax 944.000 of rye and o rapeseed. Mid-session prices: Flax Oct 18 higher 9 52A Nov. 10% higher 9 34A; Dec I higher 9.05A: May lOVz highei 8.78A. Rapeseed Vancouver Nov 7 higher 5 46B: Jan 9M- highei 5.37B: March 8% highei 5.23B, June 8 higher 5.17A. Rapeseed Thunder Bay Oct higher 4 Nov' higher 477A: Dec. 8 highei 4.75B: May 5 higher 4.95A. Oats Oct unchangec 1 62B; Dec 9 lower 1 48A May and July not open. Barley: Oct. 'A higher 2 26 Dec. higher 2.25A. May anc July not open. Rye- Oct 1 lower 2 60V2A Dec 7s lower 2 May lower July highei 2 45VBB Grain quotes Tuesda; (basis High Low Flax Oct 934 900 Nov 923% 890 Dec 899 870 May 869 834 Rapeseed Vancouver Nov 541 525V2 Jan 529 512 Mar 515'Xi 500 Jun 510 496Vz 509 Clos ;