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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 10, 1974, Lethbridge, Alberta 18 -THE LETHBRIDGE HERALD Timdiy, Septomoer 10, Briefs to National Energy Board Gas export levels protection urged OTTAWA (CP) Com- panies relying on natural gas sales in the United States have urged the National Energy Board to protect present ex- port levels. In briefs filed with the board Monday, the companies asked it to maintain present export contracts and to use any future surpluses to renew those contracts when they ex- pire. The board, federal regulatory agency responsible for authorizing export of gas in excess of domestic re- quirements, plans hearings later this fall on supply and demand for Canadian gas between now and 1995. Several submissions to the board in preparation for those hearings have suggested reducing exports and for- bidding any new export contracts because of possible gas shortages before the end of the decade. Great Lakes Gas Trans- mission Co. and Michigan Wisconsin Pipeline Co. ask the board to maintain present ex- port levels and give priority to renewing those contracts over applications for new export li- cences. Michigan Wisconsin said it would be unfair to cut its sup- plies since the company had a contract for Canadian gas years ago, at a time when it was more expensive than U.S. gas. in order to be assured a continuing supply. Both companies said although some improvements could be made to a formula used by the board to deter- mine whether a surplus ex- isted, the formula was basically sound. Other briefs have said the formula is inadequate and a new method must be developed. At present, the board projects Canadian re- quirements for four years and multiplies that figure by 25. Any production above that level is then deeemed surplus and available for export. Frost damages crops in Alberta FOR LEASE! 4 Bay Service Station In Lethbrldge For complete investment requirements and profitability CONTACT: R. T. STRAND 335 8th Ave. S.W., Calgary, Alberta or Phone 268-0330 or 244-6846 UNION OIL COMPANY OF CANADA LTD. CALGARY (CP) Frost during the Labor Day weekend appears to have damaged both the yield and quality of Alberta crops, the Alberta Wheat Pool said Mon- day. Although below-freezing temperatures were reported in all crop districts, frost was most prevalent north of Calgary. Late-seeded crops, still green when the frost struck, will suffer both a yield and quality loss, the Pool said. Those crops near maturity will most likely suffer only a quality loss, it added. In the central, north-central and northern regions, one-fifth to one-third of the crop may be damaged. Warm weather early in the week allowed swathing to IDB provides financing by investments or by loans to businesses un- able to obtain financial assistance elsewhere on reasonable terms and conditions. Ask for our free booklet 740 4th Avenue South, Lethbridge, Alta. TU, ON9 Tel: 328-9681 progress throughout Alberta. Threshing was general south of Calgary. By mid-week, cold, wet weather had invaded the province and the Peace River block of British Columbia. Scattered showers in south, south-central and central dis- tricts, rain in north-central and northern districts and rain and snow in the Peace River area, halted all harvesting. One week of warm is necessary before fields and crops dry sufficiently for harvest to resume, the Pool said. Quota change WINNIPEG (CP) The Canadian Wheat Board Monday announced a quota change in Durum B wheat. Effective immediately, the quota will be five bushels per quota acre in all shipping blocks. Durum A wheat remains at a three bushel quota. PRESS BLAMED VIENTIANE (AP) The four-month-old Laotian coali- tion government here blamed "foreign press reports" for the recent financial crisis which sapped public con- fidence in the Laotian currency and saw the price of rice increase by nearly 40 per cent in seven days. Centre Village Mall WEDNESDAY, SEPT. llth-6 to 10 P.M.B SAVE A TIRE I MACLEODS ALL SERVICE TIRE 4 full plies strong nylon cord 30 months guarantee Husky, anti-skid, deep tread design Big. wide, burly for pull away power You'll like the smart white wall Ex: G78-14 Reg. 30.99 MACLEODS all I MOONLIGH I I I I I I I I I I I I I I Phone 329-0037 SPECIAL 99 26 Ask about our Steel Belted Radial Tire with 6 rugged plies or the economical Snow Traveller. You'll be miles ahead with a Snow Tire from Macleods. MACLEODS ONE COAT PAINT INTERIOR IN: Alkyd Semi Glow Latex flat Velvet alkyd enamel EXTERIOR IN: Oil Gloss Latex Low Lustre 25% 1 I I Gallons or Quarts AUROUCED MACLEODS ONE COAT PAINT OFFERS YOU Durability that withstands countless washings Colors retain Sheir bright new look Our paint system offers you your personal guide to decorating. In our Sporting Goods Department SAVE A BOX On Imperial or Winchester SHOTGUN SHELLS Kodak pocket Inttamatic 10 CAMERA OUTFIT I4? smalle lighter 4Vj color prints _ _ 487 307 camera, magicubes color mag'cube extender and Insuucl'on _ _l88 27.88 SPECIAL 19 POLAROID COLOR PACK 80 LAND CAMERA Take black and white or color pictures. Comes wilh a distance setting and also a br sett-rg Reg. 35.95 SPEr 95 I i l I The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND-DOHERTY JLJMItED- WESTERN OILS AND MINES Alton Mines 3.70 Albany Oil .18 Alta East Gas 4.10 Alminex 4.30 Asamera 6.75 Ashland Oil 6.50 BP Canada 11.12V4 Brenda Mines 4.35 Cda South 1.90 Cdn Ex Gas 1.98 Cdn Homestd 2.80 Cdn Ind Gas Oil 4.70 Cdn Long Is .14 Cdn Super 27.00 Chieftan Dev 4.10 Dome Pete 21.50 Dynasty 7.00 Nu Fort Reliance .16 Giant Mascot .80 Gibraltar Mines 6.75 Granisle 9.00 Gt Plains 39.50 Gt Cdn Oil S Lochiel Ex 1.01 Lytton Min 1.18 North Cdn Oil 2.80 Numac Oil Gas 7.25 Pancdn Pete 7.50 Pan Ocean 7.25 Petrol 1.16 Pinnacle .21 Place Gas .23 Ponder .47 Ranger Oil 13.50 Scurry Rain 19.75 Seibens 7.25 Spooner .22 Total Pete 5.50 Ulster Pete .61 United Canso West Pete 2.70 West Decalta 3.65 MISCELLANEOUS INDUSTRIALS Acres Ltd 6.00 Aquitaine 16.25 BC Sugar C Pfd 12.00 Block Bros 2.15 Canbra Foods 2.50 Cdn Pac Inv A Pfd 23.50 Cdn Pacific Inv Carling O'Keefe A Pfd 17.00 Carling O'Keefe B.Pfd 20.50 Comm Cap Corp 1.60 Crestbrook Forest Ind 2.75 Crowsnest Ind 12.00 Falcon Copper F M Trust Co 3.50 Genstar 14.00 Home Oil A 22.37V4 Home Oil B 17.00 Hud Bay Co 11.50 Hud Bay Oil 21.00 Hud Bay A Pfd 35.00 Hugh Russell C Pfd 57.00 Husky Oil 14.25 Husky Oil B Pfd 32.00 Husky Oil E War 4.50 Interprov Pipe War 1.60 Interprov Steel Pipe 12.50 Kaiser Res 3.55 Kaiser Res War 1.35 Loblaw Co C Pfd 22.00 Magnasonics Pacific Pete Pac West Air Pe-Ben Oilfield Serv Royal Trust Teledyne Tnmac Westfield Min Weston A Pfd White Yukon 1.60 16.25 2.70 17.25 3.80 3.15 .56 46.00 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb. Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can. NW Land Canada Tung. Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger A Hudson Bay A Hydra Ex. Iron Bay Iso Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Mela Midnm Intern Mogul NuWest Homes New Athona New Calumet Noranda Northgate Nortex Pine Point PJacer Dev. Pax Exp. Quebec Man Rayrock RatJtore Rio Algom Roman Corp ShetrrtJ Gordon Sleep Rock Sunning date Tek Corp A Untied Canso Western Mines WH Copper Mines Wnghl Haroreaves Willroy Windfall Sear Zenrnac Abrtibi a lean Steel Also Ind Asra 1rd To' INDUSTRIALS Forest 1.06 Sugar Bow Valley Ind Ind Power Foods Cellulose 2.25 O'Keefe Chemcell Gas Pfd Ind Marconi Vickers Bathurst Gas 39.1 Seagrams .28 Bridge Domtar Textile Stores Pete Mobile Cdn Oil Motors 1.50 Lakes Paper Gulf Oil Sid Walker A Erie .17 Oil A Imasca A Nickel Pipe Grp A Int'l Ltd .25 Kel Douglas A A .15 Ferg McMill Bloed Corp A B 27.50 North Cent Corp Co CDA 7.37 Sears Can A A Grp A 7.25 2.10 Wlrn Pine Trans Can Pipe 1.20 1 Cattvtfe Union Gas 1 Oil 2 SISODS M1g A iTnc'Sft'9' 48 E 9.00 9.25 17.50 11.50 6.50 2.50 3.00 2.80 4.75 8.00 20.25 2.80 12.00 12.37% 11.75 25.62% 24.62% 25.75 35.50 19.50 8.00 13.62% 21.00 24.50 2.30 6.00 37.00 16.50 24.12% 15.12% 4.50 36.50 17.62% 26.00 18.75 25.37% 11.75 5.37% 10.12% 14.62% 4.75 1.97 4.60 5.50 2.95 5.87% 8.25 13.00 23.00 41.37% 16.00 14.50 4.55 9.00 2.32 850 11.00 8.62% 11.25 6.25 8.62% 27.00 1050 31.00 8.75 5187% 900 1862% 7.62% 7.50 3.00 395 17J2% 2300 1750 2000 1200 31 S7 i ?525 New York (Supplied by Richardson Securities of Canada) 41 B7V, 9621'? 4300 Tetas GuM Texas Co 2725 US Slept 1252V? Ge" Tel tier, TORONTO AVERAGES 20 Industrials 15968 down 1 37 ?0 Golds 73 flown 1250 10 Melais 52 down 1 39 ".Vrsij-r- O'lS 135 07 down fcl i-C'OOO 16 SittV YORK AVERAGES 5757 wiais 562 23 down 71 63 '37 15 ap 04 2262V? 15 Ulii'V up 10 22 62% 65 Stocks i'02 05 down OS 1" V-il r" vr Sharp TSE price decline continues (CP) Prices on the Toronto stock market were sharply lower In moderate midmorning trading today. The industrial index fell 1.64 to 159.41, golds 9.57 to 377.70, base metals 1.10 to 64.81 and western oils .83 to 134.85. Volume by 11 a.m. was 000 shares compared with shares at the same time Monday, Declines outnumbered ad- vances 196 to 47 with 137 issues unchanged. Loblaw A lost to Dis- tillers Corp. to Dome Pete V2 to Canadian Im- perial Bank Vz to anc Hudson's Bay Oil to Vz. Campbell Red Lake was down 1 to Placer to and Mattagami to Siebens fell to Numac V2 to and United Canso to Grafton Group gained to Pamour to Vt, Dickenson to Camflo V4 to and Total Pete to Market trends PIPELINE STOCKS Alta Gas Trk A 10.00 Alta Gas Trk Pfd 56.00 Alta Nat Gas 17.25 Gaz Metro 5.75 Inland Nat Gas 10.00 N C Gas N C B Pfd 17.56 Pacific Gas Trans 8.25 Trans-Cda Pipe 9.00 Trans-Cda A Pfd 49.50 Trans-Cda B Pfd 26.00 Trans-Cda War .55 WC Trans 16.00 WC Trans War 1.20 CALGARY Acroll .24 Barons Oil .05 N. Continental .02 Western Warner .19 MINES Bathurst Norsemines .76 Cima Resources .45 Dankoe 2.20 Davenport .36 Lornex 5.35 Northair Mines 1.55 Primer Pyramid .06 Silver Standard 1.10 Valley Copper 5.75 INDUSTRIALS Key Industries .07 Wardair 1.50 OILS August Petroleum .23Vt Plains Pete .10 Stampede Int'l Res .55 MUTUAL FUNDS All Cdn Compound 4.77 5.19 All Cdn Dividend 4.91 5.34 All Cdn Ventures 2.26 2.46 Amer Growth Fund 3.53 3.88 A.G.F. Special 1.77 Cdn Invest Fund 3.79 4.16 Eaton Comnwlth 11.12 Eaton Leverage 2.52 Eaton Int'l Venture 4.55 Corp Investors 4.82 5.30 Corp Invest Stock Fund 3.60 3.96 Dreyfus Fund U.S 7.81 8.56 Grouped In Shares 2.47 Growth Equity 4.81 5.29 Invest Growth Fund 9.07 9.91 Investors Mutual 4.57 -..99 Mutual Accum 4.98 5.47 Nat Resources 3.48 3.82 N.W. Cdn. 4.09 4.49 N.W. Growth 3.43 3.77 Principal Growth 3.11 3.41 Royfund 5.03 5.24 Ternpleton Growth 6.44 7.06 United Accum 3.45 5.90 Universal Savings 6.62 7.28 Vanguard 3.71 4.07 MONTREAL (CP) Prices dipped lower in light trading on the Montreal Stock Exchange today. Volume at a.m. was shares, compared with shares at the same time Monday. All sectors declined. Banks fell 2.13 to 201.56, industrials 1.16 to 170.49, the composite 1.07 to 163.56, papers .94 to 98 20 and utilities .22 to 117.78. Distillers Corp.-Seagrams fell to Hudson's Bay Company Vz to Bank of Nova Scotia to Canadian Pacific Ltd. 'A to International Nickel Vi to To- ronto-Dominion Bank Vt to Consolidated-Bathurst Vt to and Imperial Oil class "A" "s to Husky Oil rose to and Brinco to Among speculative issues, Somed Mines rose three cents to after trading shares. VANCOUVER (CP) Prices were mixed in light trading on the Van- couver Stock Exchange today. First- hour volume was shares. In the industrials, Alcan American was unchanged at .51 on shares. In the mines. Jackpot was unchanged at .06 on 24.000 shares. In the oils, Plains Petroleum was unchanged at .10 on 4.000 shares. On the curb exchange, total volume Livestock Calgary CALGARY (CP) Receipts to 11 a m. Tuesday from the Calgary public stockyards totalled head, mostly slaughter steers, heifers and cows. Trade was moderately active on steers and heifers and dull on cows. Slaughter steers sold to lower Heifers were barely steady to 50 cents lower. Cows met a narrow de- mand with prices evenly to lower. There were insufficient bulls on offer to establish a market. Steers. Al. A2: 47 50-49 20. Heifers. Al. A2. 4250-44. Cows, Dl. D2: 20-21. D3. D4 15-19. Hogs fob to 11 a.m.: 52.60. Hog prices EDMONTON (CP) Prices to 11 a.m. Tuesday provided by the Alberta Hog Producers Marketing Board. Mon- day's prices in brackets. Edmonton. 52.50 Calgary 52.60 Lethbridge: Nil Fort Macleod: Nil Hogs sold to 11 a.m. Hogs sold Monday. 10.632 average 53.13. Sows average 29.80 Beef futures WINNIPEG (CP) Live beef futures close Monday. Sept. 47.75B; Nov. 48.50B: Jan. 48.50B: Mar. 48.50N. Friday's volume: No contracts. Feed prices WINNIPEG (CP) Wheat Board domestic feed grain prices Monday: 3 CW No. 1 red spring wheat No. 1 feed oats 1.88: No. I feed barley 3.01. Winnipeg gram WINNIPEG (CPl Prices turned unsettled towards mid-session today on the Winnipeg Commodity Ex- change. with flax the only commodity making solid advances. Barley eased as much as 3Vz cents a bushei. while most other futures were mixed in only moderate activity. Monday's volume of trade was 130.- 000 bushels of feed wheat 848.000 of 10.286.000 of barley. 99.000 of corn. 828. WO of rye. 263.000 of flax and 269.000 of rapeseed. Mid-session prices: Thunder Bay rapesccd: Oct three lower S-4IA. Dcr. unchanged 8 04 A: Dec. and May not