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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 25, 1973, Lethbridge, Alberta Oil, steel stocks pace TSE decline The Herald- TORONTO (CP) Prices on the Toronto stock market were fractionally lower in moderate mid-morning trading today. The industrial index, consid- ered the major indicator of market trend, fell .14 to 233.29, golds .08 to 278.84, base mftals .52 to 110.64 and western oils 33 to 265.30. Volume by 11 a.m. was 000 shares compared with at the same time Wednesday Declines led advances 153 to 138 with 201 issues unchanged. Steel, oil refining, utility and food processing issues were among declining sectors of the market while beverage, merchandising, paper and forest and pipeline stocks gained. Falconbridge Nickel fell1% to Bank of Montreal Vs to Imperial Oil to Texaco to and Toronto Dominion Bank Vs to Falconbridge Copper lost Vs to Mindamar 15 cents to and Pamour five cents to 30. Ranger was off V2 to and Western Decalta five cents to 20 Abitibi rose Vz to Ver- satile A to Wajax A V8 to and Westeel Rosco Vz to Denison gained Vi to Rio Algom Vs to Vz and Mattagami to Scurry-Rainbow climbed to Vz and Francana to MONTREAL (CP) Prices were mixed in light trading on the Montreal stork market today Combined volume on the Montreal and Canadian stock exchanges at 11 a m was 338.- 300 shares, compared with at the same time Wednesday Papers moved higher 1 39 to 154 18, banks 27 to 287 48, and utilities 04 to 145.54 while in- dustries dropped 43 to 261 09 and the composite 26 to 24099 On the Montreal Stock Ex- change, Denison Mines rose Vz to Dominion Bridge Vi to and British Columbia Forest Products to while Algoma Steel fell Vi to and Shell Oil to On the Canadian Stock Ex- change, Cuvier Mines dropped five cents to 85 on 35.900 shares traded Cutlass was the most active mine issue, up 05 at on a volume of shares. Silver Standard was up .10 at after a turnover of Ac- cent Resources rose .01 to .37 on a volume of Green Eagle dropped .01 to .15 on a volume of Copper Lake was down 01 at 34 and Balfour Mines rose .06 to .50. Leading oil trader was Seneca Developments, down 01 at on a volume of PRP Explorations rose .02 to .87 on a volume of shares, Monterey A was down .02 at .56 on a volume of Stampede rose 02 to 98 on a volume of Vargas dropped .01 to .14 and Whistler traded at .26. NEW YORK (AP) Stock prices were broadly lower to- day as U.S Armed Forces went on alert in response to reports that the Soviet Union might send troops unilaterally to the Mideast. The Dow Jones average of 30 industrials, down over 10 points early in the session, rebounded somewhat to a noontime level of 96636, off 5.49. Among Canadians on the New York exchange, losers in- cluded Canadian Pacific down V8 to and International Nickel down at Dome mines at and Hud- son Bay at Vz remained un- changed Business Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd.) Earnings VANCOUVER (CP) Prices were mixed in light trading Wednesday on the Vancouver Stock Exchange Volume was shares. Most active industrial issue was Speculators Fund, up 05 at 05 on a volume of Webbeknap traded unchanged at 45 on a volume of E D P Industries closed off 04 at 25 on a volume of lonarc rose 05 to and BBC Trust units traded unchanged at By THE CANADIAN PRESS AcKianas Lta., nine montns ended Aug 31 1973, 69 a share, 1972, Canadian Corporate Management Co Ltd., nine months ended Sept 30- 1973, a share; 1972, Compute! Systems Ltd., year ended Aug. 31: 1973, loss, 04 a share; 1972, 41 cents. Crestwood Kitchens Ltd six months ended June 30: 1973, loss; 1972, Goodyear Tire and Rubber Co. of Canada Ltd., nine months ended Sept 30: 1973, a share, 1972, Hudson's Bay Oil and Gas Co. Ltd nine months ended Sept 30- 1973, 43 a share, 1972, Kelly-Deyong Sound Corp. Ltd year ended July 31. 1973, 36 cents a share, 1972, no comparable figures White Pass and Yukon Corp Ltd., nine months ended Sept 30. 1973, 1972, Tru-Wall Concrete Form- ing Ltd year ended May 31 1973, a share, 1972, 25 1 cents 11AM QUOTES WESTERN OILS AND MINES Alton Mines 8 85 Albany Oil 90 Almmex 7 20 Asamera 13 Ashland 12 25 Alta East Gas 7 50 BP Canada 1550 Brenda Mines 9 10 Can South 6 20 Cdn Ex Gas 4 10 Cdn Homestd 8 35 Cdn Ind Gas Oil 9 75 Cdn Long Is 25 Chieftan 1275 Cdn Super 56 50 Dome Pete 37 75 Dynasty 1350 Fort Reliance 23% Giant Mascot 3 10 Gibraltar 14 50 Gramsle 9 50 Gt Plains 28 12% Gt Cdn Oil S 815 Lochiel 3 30 Lytton Mm 1 44 Noble Mines 1 35 North Cdn Oils 7 05 Numac 1900 Pancdn Pete 1337% Pan Ocean 19 25 Petrol 1 84 Pinnacle 21 Place Gas 55 Ponder 60 Ranger 34 00 Scurry Ram 23 50 Seibens 16 50 Spooner 43 Total Pete 7 20 Ulster 92 United Canso 19 25 West Pete 7 37% West Decalta 8 25 MISCELLANEOUS INDUSTRIES Acres Ltd 14 75 Aquitame 23 25 BC Sugar Pfd 1450 Block Bros 3 20 Cdn Pac Inv Pfd 35 00 Com Cap Corp 2 75 Cdn Brew A Pfd 26 00 Cdn Brew B Pfd 31 12% Crestbrook Ind 13 00 Crowsnest Ind 26 00 Falcon Copper 14 25 F and M Trust 5 25 Genstar 1875 Global Com Unit 43 50 Home A 53 00 Home B 48 50 Hud Bay Co 20 62% Hud Bay Oil 46 00 Hud Bay A Pfd 57 50 Hugh Russell 56 00 Husky Oil 26 62% Husky B Pfd 41 75 Husky D War 1025 Husky E War 11 50 Hys of Canada 3 55 Inter Prov Pipe 8 70 Inter Prov Steel 14 87% Kaiser Res 410 Loblaw C Pfd 27 25 Magnasonics 7 50 Pacific Pete 31 50 Pacific West Air 9 75 Pe-Ben Oilfield 8 00 Rainier Inc 4 87% Royal Trust 28 00 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 Acroll Barons Oils N Continent West Warn VANCOUVER MINES Atlas Explor Bath Norse Dankoe Davenport Dolly Varden Equitonal Res Lornex Primer Pyramid Silv Stand Val Copper INDUSTRIALS Colum Brew Key Indust Wardair OILS PRP Explor Plains Pete Pond Explor Stamp Intl Res MUTUAL FUNDS 11 87% 6750 1975 9 62V, 460 6500 1050 2275 1087% 3450 62 87% 3925 685 1750 320 Winnipeg grain All Cdn Com All Cdn Div All Cdn Ven Amer Grow F AGF Spec Cdn Invest F Col Mutual Com Inter Com Lever Com Venture Corp Invest Corp Invest S F Dreyfus F US Grt Pacific Grpd Income Grow Equity Invest Grow F Invest Mut Mut Accum Mut Grow F Nat Resources NW Cdn NW Grow Prm Grow Prov Mutual Royfund Temple Grow Unit Accum Univers Sav Univest Vanguard 733 776 392 573 309 531 624 1491 394 745 660 556 1201 490 374 824 500 20 200 86 25% 86 105 797 884 426 630 582 686 1638 433 819 725 611 1316 556 4 11 905 1286 1406 619 677 6 43 7 07 3 99 4 39 5 33 5 86 604 664 5 55 610 5 09 5 59 8 04 8 79 7 27 7 57 8 42 9 23 5 39 5.92 8 38 921 6 47 711 6 95 7 62 Toronto mines, industrials 'Supplied by Richardson Securities of Canada) WAREHOUSE SPACE FOR RENT! ___ 3200 Square Feet 543 30th Street North SPROULE BEARING SUPPLY LTD. Phone 328-6681 RESERVE NOW -Kmqs (Lake Louise CLOSEST TO CANADAS FINEST SKI SLOPES For Lease Professional MINES Acme 11 Advocate Asb 1 32 Akaitcho 1 13 Bralorne 1 80 Broulan 40 Bethlehem 16 62% Bovis 2 45 Brunswick 6 30 Can NW Land 830 Canada Tung 3 25 Cassiar 12 62V: Chirno 1 06 Conwest 4 80 Cons Rambler 325 Com Lake 13% Cochenour 60 Craigmont 7 60 Dickenson Mines 3 15 Denison Mines 48 25 0 Eldorta 43 Dome Mines 97 00 Discovery Mines 85 East Malartic 355 East Sullivan 2 75 Falconbridge 82 00 Frobex 27 First Mantirnes 90 Giant Y K 8 75 Granduc 11 00 Hudson Bay 31 00 Hydra Ex 27 Iron Bay 3 70 Iso 2 21 Joliet Quebec 21V: Kerr Addison 13 75 Key Anacon 36 Labrador 45 00 Lake Shore 2 80 Langis Silver 05 Madsen R L 1 12 Malartic G F 80 Martin McNeely 22 Maclntyre 60 87% Mats 14 Midnm 21 Intern Mogul 1000 Nu West Homes 975 New Athona 13 New Calumet 23% Noranda 55 87 Vs Northgate 4 55 Norlex 41 Pine Point 37 50 Placer Dev 2950 Pax Exp 1 40 Quebec Man 13 Hayrock 1 15 Radiore 28 Rio Algom 3250 Roman Corp 13 50 Sherntt Gordon 19 12% Steep Rock 1 85 Tek Corp 405 Texmont 24 United Canso 1875 Western Mines 325 W House Copper Mines 3 10 Wright Hargreaves 90 Willroy 1 08 Windfall 10% Yellowknife Bear 4 80 Zenmac 09 INDUSTRIALS Abitibi 14 75 Alcan 37 50 Algoma Steel 21 00 Atco Ind 1725 Jannock 6 37V: Ind 13 00 Bell Tel 41 00 Brazilian Trac 1937V? BC Tel 53 50 Burns 1637% BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cdn Brew Chemcell Cdn Cellulose Cal Power Coron Credit CWN Gas Cdn Industries Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glendale Mobile Grt Cdn Oil Sands Gen Motors Grt Lakes Paper Gulf Oil Cda Greyhound Hiram Walker Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Grp A IU Internal indust Accept Kaps Kelly Doug A Laurentide Loeb Loblaw A Metropolitan Mass Ferg McMM Bloed Moore Corp Molsons A Molsons B Nachurs North Cent Power Corp Price Co Rothmans Shell CDA Simpsons Simps Sears Steel Canada Selkirk A Texaco Traders Grp A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg Westeel Westons Wcodwards A West Cdn Seed Zenith Elec Cdn imperial Montreal Nova Scotia Royal Toronto Dom BANKS 24 2025 3675 10 12% 4 10 5 87% 7 62% 24 12% 220 1025 1775 380 1650 23 12% 1650 3700 29 62% 1650 4450 3825 2575 1025 13 87% 3725 32 9 815 6300 2975 3350 1762% 5575 3225 43 87% 2950 36 87% 2375 9 62% 2775 18 62% 6 37% 525 11 25 485 5 12% 14 12% 24 62% 3850 5475 25 62% 2475 1325 1037% 1250 1762% 1475 19 12% 9 62% 1275 3375 1650 5475 1900 15 62% 3400 1750 10 12% 14 62% 665 800 21 25 1900 23 87% 600 320 31 37% 19 87% 3825 3825 3775 7000 tq. ft. per floor Air conditioned; 2 PAHULJE CONSTRUCTION LTD. PHONE 327-0747 New York (Supplied by Richardson Securities of Canada) Amr 4925 Woolworth 2262% Anaconda 25 75 Westmghouse Elec 31 62% Beth Steel 34 25 US Steel 35 87% Chrysler 2337% Gen Tel Elec 2925 Comsat 52 50 TORONTO AVERAGES Dupont 197 00 20 industrials 233 79 up 36 General Motors 63 87% 20 Golds 280 23 up 1 31 Gulf 2450 10 Base Metals 11056 down 60 Int Harvester 3400 15 Western Oils 265 45 down 18 Kenn Copper 3662% Volume 6 970 000 Montgomery Ward 24 62% NEW YORK AVERAGES Sears 95 00 20 Industrials 967 48 down 4 36 X-Ron 84 62% 20 Rails 182 18 down 65 Texas Gulf 2987% 15 Utilities 100 04 down 15 Texas Co 32 50 65 Stocks 294 08 down 1 13 Wix Corporation 16 SO Volume WINNIPEG (CP) Following sharply higher wheat and soybean prices at Chicago, flax and rapeseed posted strong gains in a heavier volume of trade today at mid-session on the Win- nipeg Commodity Exchange Oats and barley also made fractional advances and rye posted marginal gains on a good demand of export and commission house trading Volume of trade Wednesday was bushels of flax, of rapeseed and 000 of rye Mid-session prices Flax Oct 40 higher 10 14B, Nov 37 higher 10 OOA, Dec 35 higher 9 69A, May 31 Vz higher 938A Rapeseed Vancouver: Nov higher 5.75B. Jan 18 higher 5 63A, March 16 Vi higher 5 June 14 higher 540B Rapeseed Thunder Bay: Oct. 15% higher 4 99VjA. Nov. 14 Vz higher 501A, Dec 20 higher 5 May 20 higher 5.18 Oats Oct not open, Dec 2% higher 162V2A, May lVz higher 1 SOVzA, July not open. Barley Oct. not open, Dec 3 higher 2.28A, May 2% higher 2 July not open Rye Oct 6 higher 269A, Dec 2Vi higher 2 53VzB, May 2% higher July 2% higher 2 52B Grain quotes Wednesday (basis Lakehead) High Low Close Flax Oct 974 Nov 963% Mar 531V2 Jun 526 Rapeseed Oct 484V2 Nov 486 V2 Dec 486% May 498 Oats Oct 162 Dec 159% May 149 Jly Barley Oct Dec May 224 Jly Rye Oct 263 Dec 251% May 254 V2 Jly 520 V4 519 Thunder 475 477 475 490 160 159 148 225 221 260 246% 248% 531 Vz 526 Bay 483V2 486 Va 486% 160 159% 149 133 226 225 224 220 263 251% 253 Vz 249% Thursday, October THE LETHBRIDGE HERALD 21 Calgary livestock CALGARY (CP) Receipts to 11 a.m. Thursday from the Calgary public, stockyards show sales of about head, mostly butcher steers and heifers All classes of butcher steers met good demand selling steady to strong Butcher heifers, cows and bulls sold steady. Steers Al and 2 4550 to 47 30, A3 43 to 45 50, A4 41 to 43 Heifers Al and 2 43 to 44, A3 41 to 43, A4 39 to 41. Cows Dl and 2 35 to 37 with the odd sale higher. D3 33 50 to 35, D4 29 to 33 Good bulls 39 to 41.25 There were insufficient feeder cattle sold early to es- tablish reliable quotations Hogs fob Calgary to 11 a m average base price 53.65 Hog prices EDMONTON (CP) Average prices to 11 am Thursday provided by the Alberta Hog Producers Marketing Board with Wednesday's average in brackets Edmonton 5365, (5405) Red Deer 5365, (5383) Calgary 5365, (5389) Lethbndge. Nil, (54.09) Fort Macleod. Nil, (5435) Total hogs sold 255, total Wednesday average 5400 Sows average 40 50. Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Nov 47 25B, Jan 52 00, Mar 52 50A, May 52.50B. Tuesday's volume: 10 con- tracts Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Thursday was down 13-50 to 99 6-25 Pound sterling was down 37-100 at ?2 42 27-50 In New York, the Canadian dollar was up 13-50 at 00 19- 25 Pound sterling was down 1- 10 at 44 2-5 New machine Tom Mackay, vice- president of Western Complex Distributors Ltd., of Vancouver, demon- strates technique his company has set up to clean up oil spills. Gold futures WINNIPEG (CP) Gold futures, U S funds. Winnipeg Commodity Exchange close Wednesday Oct 73 100 104. Jan 74 102 50A, Apr 74 105 00 Jly 74 108 60A, Oct 74 112.20A Tuesday's volume 30 con- tracts Dec 934 May 906V2 952 934 905 878 974 963 934 906 Vz Rapeseed Vancouver Nov 559 544% 555V2 Jan 547 Vz 535 545 Chicago grain Grain quotations Wednesday Wheat Dec 473V2, Mar 4 62, May 4 40; July 3 93. Sep 394 Corn. Dec 2 44Vz, Mar 2 50, May 2 54, Jul 2 56. Sep 2.54; Dec 230V2. Mar 233 Oats- Dec Mar 1 24 V2. May 1 28 V2, Jul 1 23% Dividends By THE CANADIAN PRESS Dividends are quarterly un- less otherwise noted Burns Foods Ltd., 12 cents, an increase of two cents, Dec 15, record Nov 15 Cochrane-Dunlop Hardware Ltd., 20 cents, plus an extra of 20 cents, Class A, 20 cents, both payable Nov 15, record Oct 31 Columbia Gas System Inc., 47V2 cents, U.S. funds, Nov 15, record Oct 29 Inghs Ltd five cents, Dec. 13, record Nov. 15. p, rocessn ystems 1003 4th Avenue S., lethbridge Telephone 328-4426 M. C. Slavich, c.L.u. Representative LETHBRIDGE Tel 327-5514 ____ E. Mayeske Representative LETHBRIDGE Tel 327 5514 Did you know you can buy a policy that not only gives you life insurance protection but is linked to investment in common stocks? We call our plan the ManuLife variable insurance policy backed up by our Canadian common stock fund, real potential growth with guaranteed minimum values. Remember the name: ManuLife Investor. And call us today for a look at the future. 102 73 The Life Company Staying in Calgary? Stay with friends. Traditional Calgary hospitality starts with us So the next time you're headed our way call Zenith 6-6014 from anywhere in Alberta for reservations. It's toll free. Isn't that friendly? Downtown. 9th Ave. and 1st St, next to the Calgary Tower. CP Hotels L4 ;