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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 17, 1974, Lethbridge, Alberta 10 LETHBRIDQC HERALD TuMday, 17, 1974 U.S. egg imports curb lifted by government Industrial issues lead strong TSE price gain OTTAWA (CP) The gov- ernment has temporarily lifted restrictions on U.S. egg imports, the agriculture department announced Mon- day. Since U.S. prices currently are higher than those in Can- ada, the move will probably have little effect on consumer prices. The restrictions, imposed last May in an effort to protect domestic egg men against low-priced American imports, were removed because egg production in the U.S. has dropped, raising prices in that country. Under the May restrictions, eggs were only allowed into Canada under permits limiting the quantity to roughly the amount shipped in during previous years. The restrictions were im- posed under federal changes in the Import and Export Per- mits Act, which allows the government to block entry of a-.y food product that threatens to undercut domestic prices. Federal marketing experts said the curbs now can "safely" be removed because the U.S. egg futures market indicates continually rising prices in that country. As a result, they said, the Canadian Egg Marketing Agency can now go ahead and raise its price for eggs with no worries about U.S. com- petition. The restrictions, which still Reduce rate MONTREAL (CP) The Royal Bank of Canada Mon- day announced a reduction in its basic interest rate on U.S. dollar loans inside Canada to 13 from 13.5 per cent. apply to turkey imports, are determined under an elaborate formula based on prices here and in the U.S. They were imposed last May because the government said prices in the 24 and 25 cents a abnormally low. Although only a small portion of egg production in either country moves across the border, extremely low prices in the U.S. have a ten- dency to drag down domestic prices. The reason American prices have that effect is a theoretical one: A Canadian processor could enter the American market and buy up cheaper eggs if he wished. Few do however, because Canadian prices tend to follow those in the U.S. The restrictions could be reimposed quickly if the bot- tom suddenly fell out of the American market. Under the import formula imposed last May, Canada can block entry of U.S. eggs whenever domestic prices fall below a certain level. That level originally was set at 60 cents a dozen, based on Tires tested MOUNT VERNON, N.Y. (AP) The Consumer's Union said Monday that seven of nine Firestone 500 Steel Belt tires suffered tread separation during high-speed durability and treadlife tests. It said this Firestone model was the only one of 18 belted- bias and bias-ply tires from nine major manufacturers and suppliers that did not pass the test. All others were acceptable. M. C. Slavich, C.L.U. Representative LETHBRIDGE Tel: 327-5514 E. Mayeske Representative LETHBRIDGE Tel: 327-5514 ManuLife has the pension plan for small companies. Now companies with as few as five employees can offer attractive retirement income potential. Our Pension Investment Plan can be fully integrated with the Canada and Quebec Pension Plans. Call us today for a look at the future. The Life Insurance Company the wholesale price in Toronto for Grade A large eggs. But it has changed every month as a result of changes in feed and other costs to farmers. Weather conditions halt harvest CALGARY (CP) Cool, wet weather throughout Alberta last week brought harvesting to a halt for most of the week, the Alberta Wheat Pool reported Monday. Below freezing temp- eratures werw wide- spread in all crop districts ex- cept Medicine Hat Foremost and Brooks Lethbridge. More than an inch of moisture fell in north-central, northern and Peace River regions, the Pool said. Snow on Sept. 10 lodged crops at Lac La Biche-Boyle districts. Between two and four inches of snow fell from Lamont east to Vegreville and south to Riley. Crops in these areas were reported to be flattened. The Pool said that by the weekend, cutting was general throughout the province. About acres of wheat, 610.000 acres of barley and acres of rapeseed were swathed during the week. Last week, farmers combin- ed 6.6 million bushels of wheat, 7.7 million bushels of barley and bushels of rapeseed. So far this year in Alberta, 27 million bushels of wheat, 34 million bushels of barley and three million bushels of rapeseed have been put into storage. TORONTO (CP) In- dustrial issue led a strong ad- vance on the Toronto stock market in active mid-morning trading today. The industrial index, wide- lybased indicator of market trend, was up 4.84 to 159.47 and the western oil index 3.38 to 1-31.40. The gain apparently was in reaction to a continuing rally on the New York market prompted by signs of easing in short-term credit. Toronto gold shares were sharply lower with the index MONTREAL (CP) Prices rose sharply in moderate trading on the Montreal Stock Exchange today. Indexes were higher. Banks rose 8.43 to 208 98. utilities 4.74 to 118.24, the composite 4.19 to 162.36. industrials 3 42 to 167 66 and papers 2 14 to 99 22 Alcan rose 1 Vs to Bank of Nova Scotia lvs to Interprovincial Pipe Line I1 s to J12. Moore to "4. Bnneo 1 to Canadian Pacific Ltd. 1 to Algoma Steel 7's to Mercantile Bank to Total Petroleum 3a to and Bank of Montreal to Among speculative issues, Belleterre Quebec Mines rose 10 cents to 52 cents after trading 97.000 shares VANCOUVER (CP) Prices were mixed in light trading today on the Vancouver Stock Exchange. Volume in the first hour was shares. In the industrials. Cornat was up .03 at on 200 shares. In the mines, Northair was down .05 at 31 on 6.600 shares. In the oils, Earlcrest was un- changed at .03% on shares. Prices were mixed in light trading Monday. Volume was 615.254 shares In the industrials, Canadian Javelin was up 75 at on 5.100 shares. Cor- nat was down 10 at on shares. Webb and Knapp was unchang- ed at 34 on 3.000 shares. Portcomm was unchanged at 30 on shares. Computrex was down .08 at 22 and IU International was up 37'z at In the mines. Barrier Reef was down 05 at .75 on shares. BX Developments was up .07 at 63 on 500 shares. Consolidated Fortunes warrants were unchanged at one-half cent on 17.000 shares. Colt was down 03 at 44 on 16.950 shares Grandora was up .03 at .23 and Equatorial was down at CAREERS FOOD AND BEVERAGE MANAGER Responsible for operation of dining lounge, snack bar and all social facilities in private recreational club. Submit personal resume and salary expectations to: Manager Calgary Winter Club 4611 -14 Street N.W. Calgary, Alberta ASSISTANT DIRECTOR AREAS FACILITIES EDMONTON The Assistant Director Areas and Facilities assists the Director of the Community Recreation Service Branch of the Department of Culture. Youth and Recreation in the formulation of policies for the planning and development of Municipal Park areas and facilities in Alberta Promotes an awareness of an appreciation for the values of these facilities. Provides consultative, education and information services to develop improved understanding, methodology and techniques for the development and operation of Municipal Parks and Recreation Facilities. Requires University graduation at the Masters level or equivalent in Recreation and Park Administration or Resource Development, with emphasis in planning and design, landscape architecture, park management or related discipline. Also requires extensive related experience. Salary S13.344-S18.612 Closes October 3. 1974 Competition number M341-12 Govwimwnt of AdminMration Main Floor, CmtennM Building 10015 -103 ATMIM, TSJ Or Room 500 Twrract Building Edmonton, AllwrU. T5K 2C1 Liberia People love us for number of reasons. Here's just one. Zenith 6-6O14 Call toll-free for reservations from anywhere in Alberta Or ask your travel agent to reserve a room Downtown Calgary 9th Ave. nexl to the Calgary Tower, sr CP Hotels 14 off 23.5 to 327.77. The base metal index lost .74 to 63.57. Volume by lla.m. was 000 shares, up from at the same time Monday. Advances held a wide margin over declines, 201 to 73, with 118 issues unchanged. Among stocks recording the largest gains, Canadian Tire A rose to Alcan IVs to Consumers Gas 1 to Falconbridge Nickel 1 to and Distillers Corp. 1 to Denison Mines added to Mattagami to Market trends In the oils. Plains Petroleum was up 02 at .11 on shares. Stampede was down 01 at 51 on shares. Futurity was unchanged at on 10.- 000 shares Con-Ex Mining was down 01 at 22 on 9.000 shares. August Petroleum was unchanged at 20 and Bison Petroleum was down 15 at S3 75 On the curb exchange 309.759 shares were traded Yukonadian was up 02''2 at .1414 on shares. Mark-5 was up 01 at .65 on shares Dasher was down 02 at on shares. Amber Resources was down .02Vz at 07V2 on 14.500 shares Highland Queen was up .07 at and Rich Hill was down 01 at 13 NEW YORK (AP) The stock United Canso to Asa- mera V2 to and Ranger Vz to Among golds, Dome Mines slipped to Campbell Red Lake 2% to Pamour IVz to and Camflo to Trading resumed at the open in shares of Brinco Ltd. and the stock was up IVfe to A trading halt was ordered Friday pending news that Brinco and Rio Algom Mines have agreed to merge. Rio Algom was unchanged at Vs. Livestock Calgary CALGARY (CP) Receipts to 11 a m. Tuesday from the Calgary public stockyards totalled head, prac- tically all slaughter steers, heifers and cows. Trade was active with a good local and a fair eastern demand. Slaughter steers sold fully steady to 50 cents higher Heifers sold higher Cows were steady with good cows in scarce supply. A fev> good bulls sold steady. Steers. Al. A2. 47-49. A3: 4550-47. Heifers, Al, A2: 43 5045.10. A3: 42- 43.50. Cows. Dl, D2- 22-23.50 D3" 20-22 D4 15-20. Bulls, good- 25-28. There were insufficient feeder cattle or stock calves sold early to establish a market Hogs f.o.b. to 11 a m.. 53.30. Fort Macleod FORT MACLEOD There were 475 head of cattle sold last week by Fort Macleod Auction Market With the exception of Al and A2 heiiers all classes of slaughter cattle sold lower than last week. With Thursday being feeder sale day al Fort Macleod for the balance of this month there were insufficient stackers and feeders on offer to indicate a market. Slaughter Cattle- Al and A2 steers All light weights 46-47. Al and A2 heifers: 43-44. Dl and 02 cows 21.50-22.50. D3 cows 19-21. D4 cows 17-18.50: good bolgna bulls 22-24.85. Stockers and Feeders Few yearling steers sold for 38-39. Beef futures WINNIPEG (CP) Live beef futures close Monday. Sept 48 DON: Nov. 48.50N. Jan. -4800N. July-48 SON. Friday's volume: Six contracts. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Monday. 3 CW No. 1 red spring wheat 4 01'4: No. 1 feed oats No feed barley 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- 53 30 (52 57) Calgary: 53.30 Lethbridge: Nil Fort Macleod. Nil Hogs sold to 11 a.m 320. Hogs sold Monday average 51.12. Sows average 20.65. Winnipeg grain WINNIPEG (CP) The market continued weak and under pressure through mid-session on the Winnipeg Commodity Exchange today. Only the nearby rye futures were ablr io post any gains on the generally moderate activity that was dominated by selling pressure and lack of buying interest Monday's volume of trade was 000 bushels of feed wheat, of oats. of barley, 35.000 of corn, 1.120.000 of rye and of rapeseed. Mid-session prices: Rapeseed Thunder Bay: Oct. 14 lower 8.18A. Nov. unchanged 8.23A; Dec. unchanged 8.02A, May unchanged 8.00A Rapeseed Vancouver- Sept five lower 8.34A: Nov. nine lower 8.24A. Jan. 11 lower 8.15: March lO'-z lower 8 OTVzA. Flax: Oct. five lower 11.60A, Nov. 13 lower 11.19. Dec. 16lower 10.99A. May 10 lower 10 77 Feed wheat: Oct. two lower 3.99: Dec three lower 3 85B: May not open; July not open. Corn: Dec lower 3.61'A; March. May and July not open. Barley Oct. 2'b lower 2 89A: Dec lower May lower July not open. Oats- Oct lower 1.94A. Dec. 2'2 lower 1 85. May and July not open Rye- Oct 3'j higher 2 Dec. higher 2.72T4A. May 2'v highe'r 2 July nine lower 2.75B CAREERS WHITE MOTOR CORPORATION Carwr Opportunity (White Firm Equipment) A. Territory Service Representative working with dealer personnel, education and field work with new products. B. Territory manager or sales trainee supervising dealers on all business administration and sales problems a substantial salary and all fringe benefits Western Canada location. Phoiw Mr. Al FudM or SIMM- Am 306-527-9621 WHITE FARM EQUIPMENT ftogina, Swk, SALES CAREER STEEL We are rapidly growing steel service center that requires a sales person to cover the local Lethbridge and Provincial area. Applicants must have sales experience and a knowledge of the steel industry. Apply in writing including a personal resume to: Gerald W. Varzari, VARSTEEL LTD., P.O. Box 434, Lethbridge, Alberta. The Herald Business Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED market gained sharply today on the strength of hopes for an easing in tight- money pressures. The noon Dow Jones average of 30 in- dustrials was up 15.49 at 655.29, and gainers led losers 5 to 1 on the New York Stock Exchange. The NYSE's noon composite index of about 1.500 common stocks was up 80 at 35.43. Vesco Industries, which is offering each for up to of its own shares, gained to on the Amex. Among Canadian issues on the NYSE, Alcan was up 1 v4 to Seagrams 4a to Canadian Pacific V8 to and Inco to .Dome Mines fell 2% to and Mclntyre to Are you looking for steady work with good pay? Norfab Homes Ltd. A mobile Home manufacturer is offering just that We need capable workers immediately to fill existing vacancies in our production line, previous experience not necessary, however it would be preferred. If you are interested please PERSONNEL MANAGER Norfab Homes Ltd. Box 999, Fort Aibtrta 234-4431 Afton Mines 3.50 Albany Oil .21 Alta East Gas 3.90 Alminex Asamera 6.25 Ashland Oil 6.00 BP Canada 10.75 Brenda Mines 4.35 Cda Southern 1.91 Cdn Export Gas 1.85 Cdn Homestead 2.75 Cdn Ind Gas 4.50 Cdn Long Island .14 Cdn Superior 28.00 Chieftan Dev 4.25 Dome Pete 21.00 Dynasty 7.25 Nu Ft Reliance .15 Giant Mascot 10.00 Gibraltar Mines 6.00 Granisle 10.00 Grt Plains 39 Grt Cdn Oil 5.75 Lochiel Explor .99 Lytton Minerals 1.15 North Cdn Oil 2.60 Numac Oil 7.50 PanCdn Pete Pan Ocean Petrol 1.15 Pinnacle .18 Place Gas .21 Ponder .47 Ranger Oil Scurry Ram 20.00 Seibens 7.00 Spooner 20 Total Pete 6.50 Ulster Pete .56 United Canso 7 50 West Pete 2.45 West Decalta 3.65 MISCELLANEOUS INDUSTRIALS Acres Ltd. Aquitame 16.25 BC Sugar CPfd 11.00 Block Bros 2.70 Canbra Foods 2 60 Cdn Pac Inv A Pfd 25.50 Cdn Pac Inv 12.75 Carimg A Pfd 16.50 Carlmg B Pfd 19.50 Commerce Capital 1.65 Crestbrook Forest 2.85 Crowsnest Indus 14.00 Falcon Copper 7.75 F M Trust 3 50 Genstar Home Oil A 19.50 Home Oil B 18.00 Hudson Bay Co Hud Bay Oil 21.00 Hugh Russell C Pfd 54.00 Husky Oil 14.75 Husky Oil B Pfd 31.50 Husky Oil E War 4.00 Inter Pipe War 1.65 Inter P 12.25 Kaiser Res 3.10 Kaiser Res War 1.21 Loblaw C Pfd 21.50 Magnasonics 1.60 Pacific Pete 14.50 Pac West Airlines Oil'inld Ramer Inc Royal Trust Teledyne Trimac Westfield Minerals Weston A Pfd Whitepass Yukon PIPELINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Gaz Metro Gaz Metro A Pfd Inland Nat Gas N C Gas N C B Pfd Pac Gas Trans Tr-Cda Pipe Tr-Cda Pipe A Pfd Tr-Cda B Pfd Tr-Cda Pipe War West Trans West Trans War 2.40 2.25 18.00 3.70 2.70 .48 42.00 10.00 56.00 17.25 5.00 54.12V, 9.00 9.00 16.62V4 9.00 49.25 27.25 .63 15.25 1.25 CALGARY Acroll .25 Barons Oil .05 N. Continental .02 Western Warner VANCOUVER MINES Bathurst Norsemines .70 Cima Resources .40 Dankoe 2.20 Davenport .36 Lornex 5.40 Northair Mines 1.35 Primer .03 Pyramid .06 Silver Standard 1.20 Valley Copper 5.30 INDUSTRIALS Key Industries .07 Wardair 1.30 OILS August Petroleum .20 Plains Pete .11 Stampede Int'l Res ,51 MUTUAL FUNDS All Cdn. Compound 4.64 5.04 All Cdn Dividend 4.77 5.18 All Cdn. Ventures 2.16 2.35 Amer Growth Fund 3.36 3 69 A.G.F. Special 1.68 Cdn. Invest Fund 3.69 4.05 Eaton Comnwlth 10.81 Eaton Leverage 2.42 Eaton Int'l Venture 4.29 Corp Investors 4.68 5.14 Corp Invest Stock Fund 3.52 3.87 Dreyfus Fund U.S. 7.96 Grouped In Shares 2.55 Growth Equity 4.58 5 03 Investors Growth Fund 8.59 9.39 Investors Mutual 4.33 4.73 Mutual Accum 4.78 Nat Resources 3.38 3.68 N.W. Cdn. 397 4.37 N.W. Growth 3.26 3.58 Principal Growth 2.91 320 Royfund 5.04 5.23 Templeton Growth 6.23 6.83 United Accum 3.38 3.71 Universal Savings 6.30 6.93 Vanguard 3.53 3.87 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 Com 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 Hollmger 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 Alhona New Calumet Noranda Northgate Noriex Pme Pom! Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rio Algom Roman Corp. Sherntt Gordon Sleep Sunmngdate TeV Corp A Texmonl Unrted Canso Western Mines WH Copper Mines WrigM Hargreaves Wtflroy WJndlaTI Yeflowkrcile Bear Zettmac INDUSTRIALS Albttibt Alcan Algoma Steel Aloolrtd Agra 1rx3 BeDTel A Tel Forest Sugar Valley Ind Ind Power Foods Cellulose O'Keefe Gas Pfd Ind Marconi Vickers Bathurst Gas .27 Seagrams Dom Bridge Textile Stores Pete Mobile Cdn Oil Motors Lakes Paper Oil Sid Walker A Erie Oil A A Nickel Pipe Grp A Intl Ltd Douglas A A Ferg Bloed Corp A B Cent Corp Co COA Sears Can A A Grp A Mtn Pipe Can Carbide Gas Oil Siscoe Wllg A JmporrJal Scotia Dorn 47.50 8.75 17.25 11.75 8.25 16.50 2.60 3.75 2.65 4.40 8.25 '19.12Vz 2.70 11.50 12.37% 12.75 24.75 22.75 13.37% 26.87% 32.00 21.00 8.25 13.75 21.00 23.25 2.25 5.75 37.00 14.75 22.50 13.75 4.50 36.25 16.75 25.75 20.1214 24.50 12.00 5.25 10.62% 15.00 4.60 1.82 4.50 4.85 2.70 5.50 8.50 13.25 23.50 41.12% 15.50 15.12% 4.75 9.00 2.30 8.50 11.37% 8.25 11.75 6.25 8.90 25.50 8.62% 3200 3.00 11.62% 6 87% 18.00 7 62% 7.2S 3.05 4 00 1650 22 00 17.50 22 03 33 00 2750 31.75 New York (Supplied H KichardwD of Cnadi) Amr T T Anaocmfla Srth Sleefl Chrysler Comsal Duperffl Gsmeral Wlcflors Girt Irrt Marvesfletr Wlwrtgcrrcry Ward Spars Texas Gun Texas Co Wix 41 1214 Woohworth 1100 1750 WesWngtiouse Sec 1000 2725 US Steel 4237% 1262% Gen Etec 18.25 24 87Vi TORONTO AVERAGES 11400 20 SwJusIrtals 159 52 up 4 S9 37.62V, 20 GoWs 323 88 down 27.40 17.00 10 Base Meteis 63.63 4mm .68 1850 15 Western Oils 13ZOO wp 398 27 50 Volume 62V? NEW YORK AVERAGES 36 20 IriduStrlsfe 655 27 up 15 49 25 20 Pate 131 58 up 3 14 22SO 15 S9 46 up 86 22 65 SlC-dcS 198.29 up 4 45 in on Tinnran ;