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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 11, 1973, Lethbridge, Alberta 16 LETHBRIDGE SepiemDer 11, 1973 Business TSE prices dip in early trade TORONTO (CP) All sec- tors of the Toronto stock mar- ket were lower in moderate mid-morning trading today. The industrial index, consid- ered the major indicator of market direction, was off .70 to 215.63. golds 1.48 to 272.07. base metals .19 to 102.22 and western oils 1.34 to 253.26. Volume by 11 a.m. was 577.- shares, down from 609.000 at the same time Monday. PALLISER DISTILLERS LTD. S. R. (Stu) Macdonald Mr. .1. Almond, General Manager. Pailiser Distillers I Id.. I.ethbridtie. Alhena. announces I lie appointment of Mr. Stu .Mncilonnkl as Manager, South- ern .Alberta. Mr. Macdonaltl u ill be responsible for the lolloumj.; I'alliser and associate range ol products, uhich are being intro- duced this I'alliser Reserve. House. Black Label and Golden Special Canadian Whiskies oklstream Gin. Green Island White Kum. I'opov Vod- ka. Calto Rare Old Scotch Whisky and l.aCour Medoc. Declines were well ahead of advances. 132 to 77, with 176 issues unchanged. Paper and forest, oil refining, construction and material and steel issues were lower while bank and trust and loan stocks gained. Trading resumed at the opening in shares of Acklands Ltd. The common shares were up 5 to and the B preferred shares were not traded by midmorning. Consolidated Bathurst fell to S26'2. Husky lz to Texasgulf :'.s to' Hud- son's Bay Oil and Gas to and Ashland Canada to Si Imperial Oil was off to Inco :'x to and Western Broadcasting A i to Hudson Bay Mining slipped to Pine Point i to and Sigma '.i to Pan Ocean Oil declined to United Canso to and Decca 25 cents to Agnico-Eagle rose 25 cents to Sherritt Gordon rt to and Akaitcho Yellowknife nine cents to MONTREAL (CP) Prices were mixed in light trading on the Montreal stock market to- day. Combined volume on the Montreal and Canadian stock exchanges at. 11 a.m. was 100 shares, compared with 175.300 shares at the same time Monday. Industrials fell 1.58 to 247.47. the composite 1.06 to 228.88 and papers .81 to 137.27 while banks climbed .24 to 267.38 and utilities .08 to 142.32. On the Montreal Stock Ex- change, consolidated Bathurst fell TK to Ashland Oil :li to and International Nickel to while Trans- Canada PipeLines rose ]H to and Zeller's Ltd. to einer receives award P.E.I. Industry minister John Maloney presents the Canadian Industrial Development award to Mayor Harry Veiner of Medicine Hat for his out- standing contribution to economic development. The presentation was made in Charlottetown following the annual meeting of the Provincial Governments' Trade and Industry Council. Winnipeg grain WINNIPEG (CP) Grain quotes Monday (basis Lake- head High___Low___Close.. Flax Oct 929 Nov 918 905 910 Dec 907-2 890 895 May 902 884 891 Rapeseed Vancouver Sept 581 575 573 Nov 556 541 544 Jan 544 531'2 531''z Mar 547 533 533 Rapeseed Thunder Bay Oct 538 525 525 "Nov 533 525 525 Dec 504 492 492 May 510 Oats Oct 145Vz Dec 1.35'-2 May 135 Jlv 135 Barley Oct 228 283 225% Dec 228 221 May 217 Jly" 220 Rye Oct 288 281 288 Dec 274 264''z 274 May 283Vz 276'z 283 Vz Jly" 280 Beef futures WINNIPEG (CP) Live beef futures close Monday. Sept. 51.50A: Nov 52.00A; Jan 51.75B: Mar 51.00. Friday's volume: eight contracts. Ask for this to learn how you may obtain an IDS loan to assist in starting, modernizing or expanding your business anywhere in Canada. Stocks Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme .13 Advocate Asb. 1.35 Akaitcho 1.21 Bralorne 1-95 Bioula'n -42 Bethlehem 14.87'z Bovis 2-05 Brunswick 4.95 Can NW Land 8.45 Canada Tung 2.56 Cassiar Centra! Pat. -98 Chrrno 1-05 Conwest 4.75 Cons Rambler 3.40 Coin I akc -15 Cochenour -90 Craigmont 7.60 Dickenson Mines 3.30 Denison Mines 39.50 D'Eldona -43 Dome Mines 87.12'.- Discovery Mines 1.02 East Malartic 3.75 East Sullivan _2.78 FalconbndQt? 73.62'? Frobex .32 First Maritimes -65 Giant Y.K. 8.7Q Granduc 3.55 Hollmger 45.25 Hudson Bay M-S 26.12'z Hydra Ex .23 Iron Bay 3.60 Iso 2.07 Joliet Quebec 23 Kerr Addison 11.87'? Key Anacon .30 Labrador 43.25 Lake Shore 2.61 Langis Silver -05 Madsen R.L. 1.11 Malartic G.F. .95 Martin McNeely .27 Maclntyr'e 52.00 Mela .13 Midrim ..13 Intern Mogul 13.12'; Nu West Homes 8.50 New Athona -14 New Calumet .24 Noranda 51.00 Northgate 5.60 Noriex -30 Pine Point 35.50 Placer Dev 27.12'? Pax Exp. 2.25 Quebec Man .13'r Rayrock 1.20 Radiore -31 Rio Algom 27.00 Roman Corp. 8.80 Sherntt Gordon 16.12'i Steep Rock 1.47 Tek Corp. 4.00 Texmont .23 United Canso 14.87'.i Upper Canada 2.75 Western Mines 3.05 White House Copper 2.95 Willroy 1.05 Windfall .12 Yellowknife Bear 4.25 Zenrnac .08'; OPENING QUOTES Abitibi I2.87'.i Alcan 32.87'z Algoma Steel 18.37V? Atco Ind 13.00 Jannock 6.12'.? Agra Ind. 11.87'2 Bell Tel. 40.75 Brazilian Trac. BC Tel Burns BC Forest BC Sugar Bow Vail Ind Cable CAE Ind. Cdn. Brew Chemcoil Col. Cellulose Calgary Power Coronation Cred CWN Gas Pfd Cdn Indus Cdn Marconi Cdn Vickers Cominco Cons Bathurst Cons Gas Dist Seagrams Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glendale Mobile Grt Cdn Oil. General Motors Grt Lakes Paper Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Huron Erie Imperial Oil Imasca Int Nickel Int Pipe Inv Group A I.U. Internal Indust Accept Kaps Kelly Doug A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMil Bleed Moore Corp Molsons A Molsons B Nachurs Northern Cent Power Corp Price Co Rothrrians Shell Cda Simpsons Simpsons Sears Steel Canada Selkirk A Texaco Traders Group A Trans Mtn Pipe Trans Can Pipe Union Carbide Union Gas Union Oil United Siscoe Versatile Mfg. Westeel Westons B Woodwards A West Cdn Seed Zenith Else Cdn Imperial Montreal Nova Scotia Royal Toranto-Dom. BANKS Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd.) WESTERN OILS AND MINES Albany Oils 1.07 Alia East Gas 7.85 Almmex 6.85 Asamera 11.37' Ashland 11.25 BP Canada 15.37'? Brenda Mines 7.20 Can South 5.05 Cdn Ex Gas 3.35 Cdn Homestd 7.35 Cdn Ind Gas Oil 7.75 Cdn Long Is .16 Cdn Super 55.75 Charter Oils 4.00 Chieftan 11.50 Dome Pete 34.75 Dynasty 9.40 Fort Reliance .26 Giant Mascot 2.80 Granislo 9.00 Gt Plains, 30.00 Gt Cdn Oil S 8.50 Lpchiel 2.98 Lytton Min 2.08 Noble Mines 1-07 North Cdn Oils 6.90 Numac 18.00 Pancdn Pete 14.25 Pan Ocean 15.75 Petrol 1.43 Pinnacle .22 Place Gas .63 Ponder .38'? Ranger 34.50 Scurry Rain 20.37'.- Seibens 13.00 Spooner .42 Total 7.30 Ulster .87 West Pete 6.37'? W Decalta 6.95 MISCELLANEOUS INDUSTRIES Acres Ltd 13.87'? Aquitaine 22.87'? B.C. Sugar 14.00 Block Bros 2.65 Com Cap Corp 3.25 Cdn Brew A Pfd 25.25 Cdn Brew B Pfd 29.50 Cdn Pacific Inv 30.12'i Crestbrook Ind 11.12'? Crowsnest Ind 28.00 Falcon Copper 13.25 F and M Trust 5.62' Gonstar 16.00 Global Comm 44.50 Homo A 46.75 Home B 45.50 Hud Bay Co 17.62'? Hud Bay Oil 50.25 Hud Bay A Pfd 57.00 Hugh Russell 51.50 Husky Oil 25.75 Husky Oil B Ptd 42.00 Husky D War 9.05 Husky E War 11.37'? Hys of Canada 4.05 Inter Prov Pipe 8.30 Inter Prov Steel 13.00 Kaiser Res 3.15 Loblaw C Pfd 27.75 Magnasonics 7.62'? Pacific Pete 32.50 Pac West. Air 10.00 Po-Ben Oilfield 7.37'? Rainier Inc 5.12'? Royal Trust 24.50 Sandwell Tclodyne West Cdn Seed Westtiold Mm Wfiston A Pfd White Yukon PIPE LINE Alia Gas A Alia Gas Pfd Alia Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pac Gas Trans Gaz Metro Gaz Metro A Trans Can Pipe Trans Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War Acroll Barons Oils N Continental West Warn STOCKS 5.00 4 10 5.50 1.21 61.00 10.37' 11.75 67.00 19.50 10.25 9.25 21.50 11.37': 4.25 64.00 29.37': 57.00 39.50 6.10 17.12'. 3.40 .71 .03'? .01'? .31 VANCOUVER MINES Alton 9.05 Atlas Explor .37 Bath Norse .79 Dankoe 1.97 Davenport .48 Dolly Vard .27 Equit Res .20 Gibral 13.50 Lornex 12.75 Primer .08 Pyramid .13'? Silv Stand 2.16 Val Copper 8.75 INDUSTRIALS Cplum Brew 3.90 Key Indus .21 Wardair 1.80 OILS PRP Explor .95 Plains Pete .27 Pond Explor .80 Stam Res 1.10 MUTUAL FUNDS All Cdn Com 6.96 7.55 Al Cdn Div 7.57 8.01 All Cdn Ven 3.74 4.06 Arner Grow F 5.47 6.01 AGF Spe 2.90 Grin Inv F 5.10 5.59 Col Mut 5.81 6.38 Com Inter 14.59 16.03 Com Lev 3.85 5.23 Com Vpn 7.29 8.01 Corp Corp Invest 6.25 6.87 Crop Invest Stk 5 16 5.67 Dreyfus F US 0.93 11.98 Grp Income 3.42 3.77 Grow Equity 7.72 8.48 Invest Grow F 12.15 13.28 Invest Mut 5.88 6.43 Mut Accum 5.99 6 59 Mu't Grow F 3.67 4 04 Nat Res 5.06 5.56 NW Cdn 5.68 6.24 NW Grow 5.12 5.63 Prin Grow 4.54 4.98 Royfund 6.74' 7.01 Temple 8.42 9.22 United Accum 5.15 5.66 Uni Sav 7.92 8.70 Vanguard 6.50 '7.12. Stanch Offices. Regional Office: 1 G1 Portage Ave., Winnipeg, Man. R3B OY4 .n.pijj Ur.iadon Hujiiui o.-uKjicon Ldhbridju Cakj.iry LdmonloD Grande (Supplied by Richardson Securities of Canada) Amr. T-T 48.25 Westingr.ouse E 33.00 Anaconda 21.87'? U.S. Sleei 29.75 Beth. Steel 27.00 Gen Telephones 28.50 Chrysler 23.75 TORONTO AVERAGES Comsat 50.00 20 Industrials down .81 Dupont 163.50 20 Golds down 1.57 General Motors 64.75 to Base Met 102.15 down .26 Gulf 21.87'? 15 Wnst Oils 253.33 down 1.27 Int. Harvester 32.75 Volume 580.000 Kenn. Copper 32.37'? NEW YORK Montgomery Ward 24.12V? AVERAGES Soars 94.62'? 33 Indus 88365 down 76" Xron 87.12'? 20 Rails 160.55 down 1 62 Texas Gulf 23.62'.. 15 Utilities 90 59 down .47 Wix Corporation 16.75 65 Stocks 270 11 down 2 26 Woolworth 22.25 Volume OOn Changes made in oil policy Announcement CORONET APPOINTMENT 18.87'? 50.00 15.50 21 75 20.75 35.00 15.75 10.00 4.45 4.70 5.62'.- 23.37' 2 2.15 10 75 15.00 3 85 17.25 31.12'.- 26.50 15.50 40.87'? 3800 23.75 8.75 14.00 97 R7' 8.30 64.00 26.62'? 36.00 18.00 5.37'z 54.50 28.00 44.75 30.25 32.25 22.87' i 9.25 25.12'? 16.62'z 4.70 5.00 4 20 5.50 16.00 22.75 33.37'? 49.25 22.50 21.50 8.25 9.25 10.75 16.12' i 14.00 20.37'2 8.00 11.12'! 29.87'j 16.00 62.00 18.25 18.25 29.25 16.50 9.87'? 15.00 6.45 6.50 15.75 21.UU 5.50 3.15 30.12'? 18.50 35.50 35.75 33.50 By WILLIAM BORDERS New York Times Service MONTREAL The Cana- dian government is making some basic changes in its national oil policy, and their effect could be to worsen sub- stantially the already drastic energy shortage in the United States. The new national goal, which has emerged from the current parliamentary debate in Ottawa on the rising cost of living, is to draw almost all of the oil that Canada uses from her own huge reserves, insur- ing the country against inter- national oil shortages and in- sulating the domestic price here from the volatile world market. Well informed sources in Washington indicated that statements emanating from Ottawa on the matter over the last few days are being studied carefully, with a great deal of concern. Although the new Canadian policy is not aimed at the Americans particularly, its implementation could cut off a daily export to the south of perhaps 500.000 barrels of oil a day, and so the mere discus- sion is likely soon to become a new and major source of irritation between the two countries. "I wouldn't underrate the problem involved in going to the Americans on this declared Donald S. Mac-Donald, the minister of energy, mines and resources, as he outlines Ottawa's plan, centering on the extension of a pipeline to carry oil from western Canada all the way to Montreal, to replace imported oil. Although Canada has plenty of oil this is the only in- dustrialized country in the west that produces more than it consumes ihe land is huge, and the reserves in the west are separated from Quebec's population centers by 2.000 miles or more. It has thus made more sense over the years to export oil from Alberta, the province that has almost all of it. south to the United States, at the same time importing a roughly equivalent amount into eastern Canada from overseas. Last year. Canada exported 951.000 barrels of crude oil a day, from the west, and imported 757.000 barrels a dav. mostly into the east. Silverwood dairies seeks cut in milk deliveries EDMONTON (CP) Silverwood Dairies Ltd.. in a move to avoid unnecessary price increases, is asking its home-delivery customers to accept twice weekly milk deliveries. Chuck Stevenson, home ser- vice manager for the dairy. said today the choice would be "strictly voluntary.'' Customers would still be able to obtain daily service if they so desired. "What we're asking them to do is take this type of service if they are able to. It is definitely not a blanket change in the delivery system." Mr. Stevenson said none of Dollar valiio MONTREAL (CPi U.S. dollar in terms of Canadian funds at noon Tuesday was up 1-10 at Pound'sterling was down 11-25 at 3-50. In New York, the Canadian dollar was down 1-10 at Pound sterling was down 7-10 at 13-20. RAF PLANE CRASHES COLERNE, England (APi A Royal Air Force Hercules transport crashed into a wood- ed area near here Monday, killing all five crew members, authorities reported. The air- craft was on a training flight. Silverwood's driver-salesmen will be laid off. "We're just looking at streamlining the operation and making our route men fully productive." In notices to customers. Silverwoods said the move is an effort to "reduce our costs through savings in dis- tribution." The company said modern dairy equipment and process- ing can guarantee freshness of dairy products for 10 days provided reasonable care is taken in the home. Mr. Stevenson said home delivery is not a luxury but could become one if steps are not taken to reduce the cost of service. The public Utilities Board announced Saturday that the price of milk in Alberta will go up by five cents Sept. 15 to 36 from 31 cents a quart for two-per-cent. The board is also Considering an applica- tion from dairy processors for an additional increase of one to two cents a quart. lulu res WINNIPEG (CP) Gold futures, U.S. funds, Winnipeg Commodity Exchange close Monday. Oct 73 105.50; Jan 74 109.00; Apr 74 112.50A; July 74 I16.00A: Oct 74 119.50A. Friday's volume: 22 contracts. S. R. Peszat Coronet Carpets Limited an- nounces the appointment of S. R. Peszat as President of the Company. Mr. Peszat has held several senior positions within the carpet industry and will undertake the complete re- alignment of the company's activities in Canada. Coronet, with expanded facilities and administrative offices located in Farnham Quebec, is jointly owned by Coronet Industries Inc. ol Dalton. Georgia, and Domco Industries Ltd. and manu- facture a wide range of both residential and commercia carpets. Livestock sale nets CRANBROOK (Special) Cranbrook Sales Point Com- munity Auction Sales Ltd. sold 174 head recently at Return for the head in the two late winter and two late summer sales is now with eight more sales scheduled into December. Railway strike reactions include full feed lots at pack- ing and meat shipping points, southern Alberta in this case, which accounted for the day's low volume. The late August sale set a mixed sale turnover record. 446 head, and 400 to 500 are expected at the next sale Sept. 19. Prices continued excellent with the animals shipped, as in the previous sale, by cattle- liner to Alberta. Good yearling steers went at 58 to 60.5 cents, and heifers 49 to 51.57 Steer calves were 70 to 72 cents topping the previous high in August, and heifers 60 to 62 cents. Fat cows sold at 28.50 to 30.25 and baloney bulls with only token entry of both. The buyer is required to pay up to a ton for trucking hay from a 300-mile range, with the subsidy paying up to of the remaining charge. MOST LETTERS The language with the' most letters 74 is Cambodian, llawaian lias the least with 12. ATTENTION FARMERS AND RANCHERS We have material in stock suitable for corrals and farm buildings 2" Cut 8 Ft s75Percord 12 Ft 1x10 ROUGH BOARDS 990 1st Grade Spruce 16' Lengths Lin. ft. W 2x8 ROUGH PLANKS 1 0R 1st Grade Spruce 16' Lengths Per M I 2x8 and 2X1 2 DRESSED FIR fl Random Lengths Utility Grade Per M If ADVANCE "Your Pioneer Lumber Dealer Since 1925" Cor. 2nd Ave. and 13th St. S. Lethbridge Phone 328-3301 ;