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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 6, 1973, Lethbridge, Alberta West oil stocks make recovery TORONTO (CP) Western oils recovered some of the pre- vious session's sharp losses but industrials on the Toronto stock market dipped slightly in fairly active mid-morning trading to- day. Western oils rose 62 to 250.73 Grain prices Winnipeg grain WINNIPEG (CP) Prices showed more firmness than has been the case in recent ses- sions at mid-session today on the Commodity Ex- chanse. Flak prices were up a few- cents and losses in rapeseed were only a few cents in most months. 1 Oats and barley moved in a narrow range in light trade, j while rye prices were slightly higher. Wednesday's volume of trade was 771.0CQ bushels of tlax. 1 of rye and of rapeseed. Mid-session prices: Flax- Oct. 3 higher. 8.60B, Xov. higher, 8.42B; Dec 3 higher. 8.34B; May higher. S 31B.' Rapeseed Vancouver: Sept. 8 lower 5.36A: Nov. 10'z lower, S.16A; Jan. 10 lower, 5.14A; Mar. 10 lower, 5.13A. Rapeseed Thunder Bay: Oct. 5 lower. 5.05A; Nov. 7 lower. 5.05A: Dec. 7 lower, 4.65B; May 6 lower, 4.88A Oats. Oct. 1 higher. 143A: Dec. "s lower. 1335sA, May not open Barley: Oct. higher. 223 TL-A: Dec. not open; May not open; July not open. Rye: Oct. 8 highe-. Dec. higher, 2.47-liB. May higher. July 16 lower, Grain quotes Wednesday (basis and golds 2.01 to 270.70. The in- dustrial index, considered the best guage of market direction, fell .11 to 216.11 and base met- als .19 to 101.18. Volume by 11 a.m. was 000 shares compared with 785.- 000 at the same time Wednes- day. Advances were slightly ahead of declines, 121 to 110, with 182 issues unchanged. Pipeline, beverage, oil refin- ing and communication sectors were among industrial sub- groups with losses while paper and forest, general manufac- turing, chemical and food proc- essing indexes were higher. Texaco Canada fell 3 to Gulf Canada to Cana- dian Salt to Canadian Imperial Bank to and Dominion Stores to Texasgulf rose !s to Pacific Western "1 to Moore to S49. Royal Bank to S357s and Northern and Cen- tral Gas to S97s. United Canso gamed to Western DecaSta 10 cents to Peytn 15 cents to 56.70 and Alminex 10 cents to S8.80. Canadian Superior dropped to S5434- Gibraltar Mines was off U to Placer to S26% and Goldlund five cents to High Flax Ocl 873 N'ov 837 Dee 853 May 851 Low Close 832 857 019 839 830 831 809 82832 Rapeseed Vancouver Sept 545 538 544 Nov 529 526'2 426'i Jan 524 524 Mar 527. 523 523 MONTREAL (CP) Prices were mixed in light trading on the Montreal stock market to- day Combined volume on the Mon-1 treal and Canadian stock ex-1 changes at 11 a.m was 278.700 j compared with 276.200 j shares at the same time i Industrials advanced .29 101 247.03 and the composite .17 to j 223.69 while banks declined .23 to 269.29. papers .13 to 131.45 j and utilities .03 to 142 02 On the Montreal Stock Ex- change. Canadian Javelin rose I3 a to Hudson Bay Mining and Smelting to and Imperial Oil 3s to while Gulf Oil Canada fell s.k to and Chrysler to S241 i. On the Canadian Stock Ex- change. Caliper Developments fell three cents to 10 cents on a volume of shares traded. Rapeseed Thunder Oct Nov Dec 476 May Oats Oct 144 Dec 105 May Barley Oct 226 Dec 224 May Jly JRje Oct' Dec May Jly 26911 2573.1 259 472 138 130 220 216 230 241'2 252 510 512 472 494 142 134 135 223 219 213 217 258 244 2531-2 254 NEW YORK (AP) Stock market prices continued today the rally begun in late August as analysts viewed positively I he bioad-base of the upward movement. The Dow Jones average of 30 industrials at noon was up 2.33 at 901.41. Advancing New York Stock Exchange issues had a lead over declines in slow volume. The Dow blue-chip indicator has risen about 50 points since Aug. 23. Among Canadian issues on I he NYSE, Canadian Pacific was up to 17% and Dome Mines 5A to Wz. Massey Ferguson was un- changed" at and Inter- national Nickel was off to v IT PAYS TO LEASE! Loosing frees your -working capital. leasing provides reliable transportation at low cost. You just tign a contract and pay ONE regular monthly fee. Your lease can include maintenance, licence and in- surance coverage. Contact BORIS KORESHENKOV, Leasing and Insurance Oept. BENY AUTOMOTIVE ENTERPRISES LTD. 2nd AVE., 9th ST. S. PHONE 328-1101 Thursday, September 6, 1973 THE lETHBRIDGC HERALD Steel industry officials foresee iron-ore plant Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited' LAST BID OR SALE plllMtf i UJU tNJIM III ill wapm. -iJi IHJH -v.- n i Simpsons president iveds Katherine Jean Mockay, widow of J. Keiller Mcckay, late lieutenant-governor of Ontario, and Charles Bruce Stewart, president of Simpsons Limited, pictured after their wedding in the chancel of St. Andrew's Presbyterian Church in Toronto The brothers of both the bride and grocrr, officiated at the ceremony. (II a m Quotes) WESTERN OILS AND MINES Albany Oils 05 Alta East Gas 7 80 Alminex 75 Asamera 1' 75 a m Quotes) (11 Oti-tes) BP Canada Brer.tia Wire: Can SaJl'i Cdn Ex Gas Cdn Hcmestd Cdn Ind Gas Oil Cdn L.Q-.Q Is Cdn Super Charter Oils Chieftai Dome Fcrl Rel.ancft Giant Granisle Gt Plains GT Cdn Oil S Lochiel Ex Lyttcn Mm Nabls Wines North Cdn Oils Numac Psncdn Pan Ocean Petrel Pinnacle Place Gas Ranger Oil Scurry Ra.n Seibeni Spconer Total Ulster West Pete W. t sr 3 20 7 14 St 75 M 11 CO 3J 75 50 27 2 90 SO 2003 0' 75 "5 1 03 7 10 1730 14.37' 2 15 1 -1 .24Vj 5C 33' i 75 'S 1" Crowsrest Ind Cygnus A Falcon Copper F ar.d M Trust Genstar Global torrm Home A Horre B Hud Cc- Hud Bay Oil Hud Bay A Pfd Hugh Rbssell Husky Oil Husky 8 Pfd husky D war Husky E Hys of Canada Inter Prov Pipe Inter Prov Steel Kaiser Res Lofcla.v C Pfd Pacific Pete Pac West Air Pe-Ben Ollfie'd Ramie- Inc Royal Trust Com Cap Ccrp Ssndwell Te'edyne Cdn Seed Wpstfield Mm Westo.i A Ptd White Yulvon n 87' 5 I 775 U 371: f, 00 loOO 4400 4600 62 t 50 50 y 03 51 CO 15 12-.- 41 62'j 8 60 11 01 25 E 75 1 _ 75 :o 27 62'., Western Warrer VANCOUVER MINES Wt3- Atlas Explcr Bath Norse Davenpc't Do'Iy Varder Gibra'eor Mires Pnner Pyrarric Silver btardard Valley Coppsr INDUSTR1 Col Brew Key Warriair OILi Pip Explc- P Pete Pordersy Expfc" Sta-i-pcds inil MUTUAL FUNDS 31 900 ''Corporate eitizeiisliip' t guidelines recommended 3 75 20 1 65 I TORONTO fCP) Lorne Lodge, president of IBM Can- ada Ltd., says Canada should .establish guiKlines ot "corpo- j rate for both for- i eign and Canadian-owned com- panies instead of pursuing eco- nomic nationalism. "It's a mistake to assume that a Canadian-owned com- pany is going to operate in the best interests of Canada, auto- _ 20 500 4 10 5.50 60.50 7 40 E' e '2' f 70 MISCELLANEOUS INDUSTRIES Acres Ltd Aouitame BC Sugar Pfd Block Bros Cdn Bre'M A Cdn Brew B Cdn Pacific Inv Crsstbrock Ind 1425 2 60 29 i 33.50 9 50 PIPE LINE STOCKS Aita G Tr A 12 Alta G Tr Pfd 71 00 Alto Nat Gai 20 DO inland Nat Gas 1C 25 N and C i-'': M and C B Ptd 21 62': Pacif'C Trans 11.62V: Gaz Metro 30 Oa: Metro A A4 Oa Tr Can Pipe 2875 Tr Can A Pfd 57 50 Tr Can B Pfd 2? 25 Tr Can War 6 05 WC Trans 17 62': WC Trans War 3 65 CALGARY Acroll Barcr.s Oils AM Cdi Cam A.I Cdi Divid All Cch Veit Amr Gr F AGF Special Cdn Irvest Ccl Mutual Crmw Inter Cmrw Cm-w Venf Corp Invest Ccrp In St I 6 '6 7 55 7 :7 E 0 3 73 -I a: S SO 6 OJ 2 89 OS 57 5 82 6 39 M 16 05 3 82 i 13 7 :s 8 co o il 6 84 5 11 562 Dreyfus F U S. 10 92 11 97 Great Pacific i 69 5" Gr In Shares 3 42 3 76 Gr Equity 7 71 8 47 Invest Gr F 1: 18 13 31 Invest Mutual 550 6.45 Vutual 5 9o 6 5a Mutual Gr F 3 06 03 Nat 97 5 46 N W CdT 5 67 6 23 N W C-' ill 5o2 Prncipsl G' 4 a 4 90 Royfund "69 6 96 Temp Gr 8 40 21 United Ac 51 578 Universal Sav 795 S ii Univest o 05 6 o5 Vanguard 6 47 70? Toronto mines., industrials (Supplied 87 KicfearOBon Securities of LAST BID OR SALF Moose Jan' site for glass plant MOOSE JAW (CP) A 000 industry manufacturing glass beads for reflective ma- terial in highway signs and di- viding lines is to locate in the city, it was announced here. Kirn Thorson, minister of in- dustry and commerce, said the company will be 35-per-cent owned "by the Saskatchewan Economic Development Corp. The initial S5CO.OOO will investment also include of (11 a.m. Guottsj (11 t m. Ouotes) (11 a m. Quotesl grant from the department of regional economic expansion of he said in an inter- view Tuesday. "Similarly, it's a mistake to assume that a foreign-owned company will not operate as a good Canadian corporate citi- zen Specifically. Mi- Lodge ob- jects to the federal govern- ment's tentative policy on com- puter communications. A policy paper made public earlier this year advocated the government using its purchasing power to ensure Canadian-owned com- panies a sizeable share of the industry. TOO MUCH IGNORED I Mr. Lodge argues that Cana- dian ownership is interpreted j only in terms of the percentage j of equity held in Canada. 1 That interpretation ignores the extent of research and de- velopment conducted in Can- ada, the corporation's base and citizenship of directors and the amount of domestic manufac- turing, he says. In addition, a federal procure- ment policy to artificially affect competition could bring about a lessening of emphasis on qual- ity, he says. Finally, there is a potential for discouraging software devel- opment in Canada because only Canadian-owned companies would be encouraged. This would be disasterous. Mr. Lodge says, because soft- MINES Acme Advocate Akaltcho Bralorne Broulan Bethlehem Bovis Brunswick Can N W Lard Canada Cassiar Centra! Pa-. Chin-o Comvest Cons. Ranibler Cain Lake Cochenour Craiqmcnt DIcksnssn 1 35 1 15 215 up U.S Steel 30.23 JO Rails 163 22 up 39 Gen Tel Elec 75 '5 Utilities 98.76 up 1 72 TORONTO AVERAGES Stocks 274 09 up 1 55 30 Indust 21< 43 up Jl an met iron JS, 1 003 4th Avenue S., Telephone 328-4426 I'vicef M. C. Slavich, C.U.U. Representative LETHBKIDGF. 327-5514 E. Maveske Representative LE.THBRIDGL Tel. 327-5514 Did you know you can buy a policy that not only gives you life insurance protection but is linked io 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. Thf Manufacturers Life Insuranc ;