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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 13, 1973, Lethbridge, Alberta Thursday, September 13, 1973 THE LETHBRIDQE HERALD 19 Stocks Toronto mines, industrials (Supplied by Richardson Securities of Canada) Tel. Advocate Forest Sugar Valley Ind. Ind. Breweries Can NW Cellulose Canada Power Credit Central Gas Pfd. Industries Marconi Cons. Vickers Coin Dickenson Bathurst Denison Gas D'Eldona Seagrams Dome Bridge Discovery East Textile East Stores Pete First Mo Homes Giant Cdn Oil Snds Motors Lakes Paper Hudson Bay Oil Cda. Hydra Lines Iron Sid. Walker Joliet Kerr Oil Key Nickel Lake Pipe Langis Group "A" Madsen Utilities Malartic Accept. Martin Douglas "A" Intern "A" Nu West Stores New Ferguson New Bloedell Corp. "A" "B" Pine Placer Corp. Pax Co. Quebec Lawrence Corp. CDA Rio Roman Sears Sherritt of Canada Steep "A" Tek Group "A" Upper Mtn. Pipe United Canada Pipe Western Carbide White House Gas Wriaht Oil Siscoe Mfg. Yellowknife "B" OPENING "A" Cdn. Seed Elec. Alcan Algoma Atco Imperial Atlantic Agra Scotia Bell Brazilian 49.75 15.50 21.87% 20.25 35.50 14.75 10.00 4.60 4.85 6.00 23.00 2.20 10.75 15.25 3.75 16.50 24.00 16.12% 31.37% 26.25 15.37% 41.25 37.75 22.50 8.75 1425 34.75 27.75 9.75 8.50 65.00 26.25 35.75 18.37% 5.37% 54.75 27.50 44.25 30.12% 32.62% 22.50 9.37% 24.37% 17.12% 4.60 5.25 11.12% 4.25 5.62% 16.00 22.75 33.50 50.50 22.75 22.12% 8.25 9.37% 10.75 16.50 14.12% 20.12% 20.50 8.12% 11.00 29.62% 15.62% 60.50 18.25 17.50 29.50 16.50 9.75 1500 6.65 6.25 15.62% 20.75 23.12% 5.50 3.20 29.75 18.50 36.00 35.87% 33.62% Dealers agree on marketing of bonds Beef supply Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd.) WESTERN OILS AND MINES Albany Oils Alta East Gas Alminex Asamera Ash Oil Gas BP Can Brenda Mines Can South Cdn Exp Gas Cdn Homestd Cdn Ind Cdn Long Is Cdn Sup Charter Oils Chieftan Dome Pete Dynasty Ft Reliance Giant Masc Granisle Grt Plains Grt Cdn Oil S Lochiel Explor Lytton Min Noble Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Oil Scurry Ram Seibens Spooner Total Pete Ulster Pete West Pete West Decalta West Cdn Seed West Min West A White Yukon MISCELLANEOUS INDUSTRIES Acres Lmtd Aquitame B.C. Sugar Block Bros Com Capital Cdn Brew A Cdn Brew B Cdn Pac Inv Crest Forest Crow Indus Falcon Cop F M Trust Genstar Global Comm Home Oil A Home Oil B Hud Bay Co Hud Bay Oil Hud Bay A Hugh Rus C Husky Oil Husky Oil E Hys of Can In Prov Pipe In Prov Kaiser Res Lob 2 40 C Magnasonics Pac Pete Pac West Air Peben Oil Rainier .99 7.80 6.85 12.00 11.62% 15.37% 7.10 535 3.40 7.65 7.50 .16% 5700 4.00 11.37% 34.62% 9.00 .26 2.89 9.50 29.75 850 2.99 2.02 1.05 6.80 18.12% 14.25 16.00 1.44 .24 .64 .36% 33.25 20.25 13.12% .44 7.25 .91 6.12% 7.05 5.75 1.16 62.00 10.62% PIPE LINE STOCKS Alta Gas A 11.62% 67.00 19.00 10.87% 9.37% 21.50 11.25 4.20 64.00 29.50 57.00 39.25 6.00 Alta Alta Nat Gas Inland Nat Gas N C Gas N C Gas B Pac Gas Trans Gaz Metro Gaz Metro A TransCan P TransC P A TransC P B TransC P War West Trans West Tr War 17.12% 3.25 CALGARY Acroll ........................67 Barons Oils...................04 N Conti 02 West Warn .'31 VANCOUVER MINES Alton......................9.15 Atlas Explor ..................38 Bath Norse...................76 Dankoe .................1.97 Davenport.................53 Dolly Vard....................27 Equitonal....................20 Gibraltar ..................13.12VJ Lornex..............11.75 Primer .......................07% Pyramid......................16 Sil Stand ...................2.38 Val Cop 8 85 INDUSTRIALS Colum Brew................3.95 Key Indus ....................22 Wardair 1 30 OILS PRP Explor...................88 Plains Pete...................27 Pond Explor ...............1.00 Stamp Intl..................1.05 24.12% 5.12% 4.10 7.54 7.99 4.02 5.99 5.60 6.35 Royal Trust Sandwell 13.87% Teledyne 22.62% MUTUAL FUNDS 14.25 All Cdn Com ...........6.94 2.65 All Cdn Div 7 35 3.25 All Cdn Ven ............3.70 25.00 Amer Grow.............5.45 29.50 AGF Spe...............2.88 30.00 Cdn Invest F. 511 12.12% Col Mut ................5.79 28.00 Com Inter .............14 52 15.96 13.25 Com Lev...............3.82 4.20 5.62% Com Vent ..............7.24 7.96 16.00 Corp Invest..........6.24 6.86 44.50 Crop Invst Stk.........5.16 5.67 47.62% Dreyfus Fund..........10.79 11.82 45.50 Grt Pac 17.75 Grpd Income ...........3.42 3.77 50.00 Grow Equity...........7.72 848 57.00 Invest Grow ...........12.09 13.21 52.25 Invest Mut..............5.85 6.40 25.87% Mutu Accum............5.97 5.56 11.00 MulGrowF... 362 398 4.05 Nat Res......... 5 05 8.00 NW Cdn................5.66 12.62% NW Grow .............5.10 315 Princ Grow............4.52 28.00 Royfund...............6.75 7.62% Temple Grow...........8.36 32.25 United Accum ..........5.14 10.75 Univer Sav .............7.91 7.12% Univest...............6.09 5.00 Vanguard .............6.46 PRINCE GEORGE, B.C. (CP) The Municipal Finance Authority of British Columbia has entered into an agreement with a consortium of 22 Canadian investment dealers to market its bonds in Canada: chairman Mayor Ron Andrews of North Vancouver district told the semi-annual meeting of the authority here. He said the fiscal agency agreement would assist the MFA in meeting greatly increased requirements for financing capital projects for local governments in B.C. The MFA was established in April, 1970, to borrow funds on behalf of regional districts' and municipalities. All 28 regional districts in B.C. are members. Initially, the MFA was restricted to borrowing funds for water, sewer and pollution control abatement, but it now has powers to borrow for any Winnipeg grain WINNIPEG (CP) With the exception of rye, all com- modities traded moderately at scaled-down prices today at mid-session on the Winnipeg Commodity Exchange. Rye futures were up the dai- ly maximum of 10 cents across the board. Flax dropped as much as 20 cents, rapeseed was 10 lower to un- changed and oats and barley were marginally off previous close levels. Volume of trade Wednesday was bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: Oct. 16 lower, 8.90A; Nov. 17 lower, 8.75A; Dec. 21% lower, 8.60A; May 20 lower, 8.56A. Rapeseed Vancouver: Sept. 8 lower, 5.65A; Nov. 10 lower, 5.23B; Jan. IVz lower, Mar. 7% lower, Rapeseed Thunder Bay: Oct. 7 lower, 5.14B; Nov. lower, Dec. un- changed, 4.84A; May un- changed, 4.98A. Oats: Oct. 1 lower, 1.42A; Dec. 3 lower, 1.32A; May 3 lower, 1.32A, July not open. Barley: Oct. lower, 2.22A: Dec. not open: May not open: July not open. Rye: Oct. 10 higher, 3.18B; Dec. 10 higher, 3.04B; May 10 higher July 10 higher, 3.10B. Grain quotes Wednesday (basis 5.55 6.22 5.60 4.96 7.00 9 16 5.65 8.69 6.70 7.08 High Flax Oct 915 Nov 892 Dec 885 May 889 Low Close 888% 878 874 Rapeseed Vancouver Sept 596 573 Nov 538 V2 533 Jan 531 524 Mar 527 522 Rapeseed Thunder Bay 906 892 881% 876 573 533 524 522 New York (Supplied by Richardson Securities of Canada) 529 528 486 146 22.00 32.62 V4 30.25 27.75 Amr. T-T 47.75 Woolworth Anaconda 22.87% Westmghouse Flee Beth. Steel 27.37% U.S Steel Chrysler 24.00 Gen Tele Elect Comsat 49.25 TORONTO AVERAGES Duponl 164.75 20 Industrials 214.76 down .83 General Motors 64.37% 20 Golds 266.70 down 3 87 Gulf 21.75 10 Base Metals 101.56 down .06 Int. Harvester 32.50 15 Western Oils 253.02 down 1 28 Kenn. Copper 32.50 Volume 577.000 Montgomery Ward 24.25 NEW YORK AVERAGES Sears 94.12% 30 Industrials 883 35 up 2 02 X-Ron 20 Rails 160.20 up .15 Texas Gulf 24.50 15 Utilities 98.63 down .31 Texas Co. 29.75 65 Stocks 2G9.41 up .29 Wix Corporation 15.00 Volume 2.910.000 Oct Nov Dec May Oats Oct Dec May Jiy' Barley Oct Dec 223 May Jiy Rye Oct Dec 294 May Jiy' 521 518 483 143 221 Va 221 292 521 518 484 498 143 135 135 135 222% 221 213 220 308 294 303 Vi 300 capital purpose. As a result, the request for funds has soared. The MFA is preparing to market a bond issue of million to meet current re- quests from regional districts and municipalities. "Based on information supplied by regional districts and municipalities we will be required to finance some million in 1974 and million in Mayor Andrews said. The funds are for water, sewers, drainage, roads, sidewalks, parks, recreation buildings, parking facilities, civic buildings and other pur- poses. The syndicate to market the bonds in Canada is headed by a management section made up of Wood Gundy Ltd., A. E. Ames Co. Ltd., Nesbitt Thomson and Co. Ltd., Pemberton Securities and Odium Brown and T. B. Read. In addition, it will include the six major banks and a total of 18 investment dealers. South St. Paul, Minn., Livestock exchange yards were filling fast as cattle- men brought their livestock for sale after the price freeze on beef ended. Mar- ket analyists doubted a large influx of beef on sale Monday, the initial day after the freeze and they were right, as volume hit only 3, ,900 head. However, they predicted the volume will increase appreciably by week's end. Income tax appealed by Hutterites EDMONTON (CP) Pay- ing personal income tax would amount to denouncing faith, Bishop John K. Wurz of the Darius-Leut Hutterite Brethren told the Federal Court of Canada Wednesday. The Hutterites are appeal- ing> income tax assessments levied from 1961 to 1968 in- clusive on the grounds that as members of the sect they can- not individually own property so they cannot pay taxes on it. Mr. Wurz said for this reason he could not sign an agreement of understanding with the revenue department in 1968 which would enable the government to levy personal income taxes on members of the 64 Darius-Leut Hutterite colonies scattered throughout Alberta and Saskatchewan. The two other Hutterite groups in Canada signed the agreement. Mr. Wurz was one of five Hutterite witnesses to testify before Mr. Justice John Urie. They outlined their beliefs, practices and financial arrangements of their colonies. They are appealing a February, 1972, decision by the Tax Review Board which upheld earlier assessments. The difficulties between the government and the colonies began in 1961 when the government ruled they could no longer obtain income tax exemptions for religious reasons. Between 1961 and 1968 the colonies were taxed as cor- porations but in 1968 two Hutterite groups agreed to be taxed on a personal income tax basis. Datatron Processing and Systems Limited 1003 4th Avenue South, Lethbridge Telephone 328-4426 Data Processing Services Easy Choice. Seagram's FIVESIAR CANADIAN RVB WHISK? 25 The smooth taste of quality that is unmistakably Seagram's. Seagrams FIVE STAR Canada's largest-selling rye Blended and bottled by Joseph E. Seagram Sons, Ltd., Waterloo, Ont. The Herald- Business Sharp decline in TSE prices TORONTO (CP) Prices on.the Toronto stock market were off sharply in light mid- morning trading today. The industrial index, consid- ered the major indicator of market trend, fell .83 to 214.76, golds 3.87 to 266.70, base metals .06 to 101.56 and western oils 1.28 to 253.02. Volume by 11 a.m. was 000 shares compared with at the same time Wednesday. Declines more than doubled advances, 156 to 71, with 162 issues unchanged. Steel, pipeline, chemical and paper and forest stocks were among declining market sectors while communication, general manufacturing and real estate'issues gained. Acklands fell 1 to Home Oil A to Domtar V2 to McLaughlin Associates V2 to and OSF Industries to Chernalloy lost 15 cents to Orchan 15 cents to and Dynasty 10 cents to Ranger slipped IVs to Scurry-Rainbow lk to and Sunningdale 20 cents to Harding Carpets A rose to Gibraltar Vt to Roman Corp. 15 cents to Quebec Sturgeon 10 cents to and Pan Ocean Vs to MONTREAL (CP) All sectors declined in light trading on the Montreal stock market today. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 300 shares, compared with 244.000 shares at the same time Wednesday. Banks dropped 1.79 to 267.48, papers 1.38 to 136.46, utilities .71 to 139.69, the com- posite .58 to 228.29 and in- dustrials .36 to 247.43. On the Montreal Stock Ex- change, MacMillan Bloedel fell to Cominco to Price Co. 'A to and International Nickel V8 to while Pan Ocean Oil gained Vs to On the Canadian Stock Ex- change, Musccho Ex- plorations fell four cents to 51 cents on a volume of shares traded while Cuvier Mines rose five cents to on a volume of shares traded. NEW YORK (AP) The stock market turned mixed to- day after a feeble rally attempt fizzled. The Dow Jones average of 30 industrials at noon was off 1.28 at 880.04, after being up nearly 2 points earlier, while advances held a minuscule lead over declines on the New York Stock Exchange. On the NYSE, Telex was down to Chase Manhattan up 2 to International Telephone up to Union Carbide off V4 to Texaco down Vt to and RCA down Vt to Among Canadians on the New York exchange, Seagram was up to Vz and Dome Mines up to .Inter- national Nickel was down V< to and Alcan Vs to Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon Thursday was down 1-50 at 39-50. Pound sterling was up 41-100 at 225. In New York, the Canadian dollar was up 1-50 at 11- 50. Pound sterling was up 7-20 at Vt. Vst Va CAREERS The Royal Bank AGRICULTURIST Applications are invited for a position as a member of the professional staff of our Agricultural Department. The successful candidate will participate in furthering the development and operation of the bank's services to the agricultural industry in Alberta. QUALIFICATIONS A degree in Agricultural Economics or related educa- tional background. The postion requires an individual having a strong academic record who enjoys meeting the public. Several years related or financial experience would be a definite asset. SALARY Fully commensurate with qualifications and experience. Those interested please submit complete resume in confidence to: K. Plug District Employment Officer The Royal Bank of Canada P.O. Bag Service 2534 335 8th Avenue S.W. Calgary, Alberta T2P 2N5 L PREVENTIVE SOCIAL SERVICE DIRECTOR TOWN OF VEGREVILLE A Director is required to carry out Preventive Social Service Programs in this region. Duties will include community organization service co-ordination, public relations, interpretation of philosophy and administra tion of the overall program. Applicants should have experience and skill in com- munity work and a dedicated interest in people. The successful candidate may have a professional degree in any variety of disciplines (i.e. social work, psychol- ogy, education, theology, physical education, econo- mics etc.) or an equivalent combination of education and experience, the person must have demonstrated a good level of maturity and history of involvement of achievement in community affairs. This is a challenging opportunity for an imaginative approach to create and develop: community resources, community services, and the use of volunteers in the area of family and in- dividual service. Training and consultation will be avail- able to the appointee from the Provincial Department and th'e salary will be commensurate with qualifications. State salary expected. Applications will be received up to P.M. Friday, September 21st, 1973 at the office of the Municipal Ad- ministrator. Garnet J. Burnstad Municipal Administrator Town of Vegrevilte P.O. Box 640 Vegreville, Alberta ;