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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 19, 1973, Lethbridge, Alberta Prices on TSE market make strong comeback TORONTO (CP) Prices on the Toronto stock market began a strong comeback in moderate mid-morning trading today The industrial index, consid- ered a major indicator of mar- ket trend, was up 1 11 to 21473. base metals .12 to 101 05 and western oils 2.86 to 239.91 Golds, however, were off 2 98 to 263 91. reflecting a drop in bullion prices on inter- national markets. Volume at 11 a m. was 657.- 000 shares compared with 532.000 at the same time Tuesday. Advances held a strong lead over declines. 153 to 92. while 180 issues were unchanged Among sectors of the market recording gains were industrial mining, merchan- dising, oil refining and steel while construction and material food processing and real estate issues were the sectors showing losses. Compute! was up 27s to 513 !h. Alcan to Cana- dian Tire A to Gulf Oil to and West Indies A 50 cents to S3 25. Agra was off 's to House of Braemore to Gaz 20 cents to 05. Alpa In- dustries '4 to and Burns Foods 14 to Roman Corp increased 20 cents to Pan Central 5 cents to and Dynasty 5 cents to 30 Lost River was down 30 cents to and Gibral- tar to MONTREAL (CP) All sectors advanced in light trading on the Montreal stock market today Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was 800 shares, compared with 234.500 shares at the same time Tuesday. Industrials climbed 1.57 to 243 44. the composite 1.32 to 225.50. utilities .76 to 13950, papers 69 to 138.97 and banks 61 to 267 75 On the Montreal Stock Ex- change, Canadian Cellulose rose Js to Dome Petroleums to Inter- national Nickel to and Canadian Imperial Bank of Commerce 3's to while The Price Co. fell to On the Canadian Stock Ex- change. Dumont Nickel Corp rose three cents to 53 cents on a volume of shares traded NEW YORK (AP) Stock prices rose sharply today in active trading Brokers said that the market's strength despite earlier dramatic PARK APPOINTMENT Mr B A Nelson, General Sales Manager for Western Canada of Park Tilford Distilleries Ltd is pleased to announce the appoint- ment of Mr Rich Healey as Alberta Sales Manager Mr Healey will be based in Edmonton and will be responsible for the sales of Park Tilford liquors and Henkes brand liqueurs in Alberta and m the North- west Territories R HEALEY downward movements in some bellwether stocks had attracted investors back to the market. The Dow Jones average of 30 industrials was up 9.40 at 900 66 at noon The Dow last broke the 900 mark on Sept. 6. Among Canadians on the New York Ferguson was up 5s at Alcan at Inter- national Nickel J's at Canadian Pacific at and Hudson Bay i. at Mclntyre was down '2 at and Dome Mines Vi at Weather hampers harvest CALGARY (CP) Cool, damp weather last week hampered the harvest in south and central Alberta and halted it completely in the north The Alberta Wheat Pool said in its weekly crop report that two weeks of warm dry weather would see rapid progress in the harvest Provincially. 81 per cent of the wheat. 84 per cent of the barley and 86 per cent of the rapeseed has been swathed Compared with last week, another 10 per cent of the crop has been harvested with 40 per cent of the wheat threshed. 42 per cent of the barley and 50 per cent of the rapeseed Duck damage has been reported in parts of southern Alberta and frost in the Peace River area is more extensive than oreviouslv indicated FEWER HOLIDAYS IStilain IMS k'uei publii Ih.in iKM! cill otlv t Kuinpo in Merchandise on Sale Thursday, Friday and Saturday, September 20, 21, 22. Quantities Limited WINTER FOOTW SALE LIMITED SELECTION FOR Men, Ladies, Boys and Girls Zellers County Fair Located in Zellers Shopping Centre on Mayor Magrath Drive. Open Daily 9 a.m. to 6 p.m. Thursday and Friday 9 a.m. to 9 p.m. Telephone 328-8171 The Herald- Winnipeg grain WINNIPEG (CP) Prices were eratic at mid-session to- day on the Winnipeg Com- modity Exchange in a light trade Distant futures in oats and barley advanced while nearby futures eased The nearby rye futures advanced the 10-cent limit but May and July prices declined considerably. Beef price rise to continue EDMONTON (CP) High demand on the export and domestic markets means beef prices will likely continue to rise says secretary Chris Mills of the Canadian Cattlemen's Association Canadians can also expect to a larger portion of their incomes for food, he told a convention of independent Grocers Association managers. There is no doubt in my mind that the days of cheap food for Canadians are coming to an end Attempts to cut off Cana- dian farmers from world markets, such as the recent export restrictions on beef and the subsidy on wheat, are a ridiculous example of two- faced political manoeuvring Gold I'u tu res WINNIPEG (CP) Gold futures, U S funds, Winnipeg Commodity Exchange close Tuesday Oct 73 103.00, Jan 74 lOfa 70A. Apr 74 110 306, Jly 74 114 OOB, Oct 74 117 10A Monday's volume Fifty-three contracts Dollar value1 MONTREAL (CP) U.S. dollar in terms of Canadian lunds at noon Wednesday was down 7-100 at 3-100. Pound sterling was down 3-25 at In New York, the Canadian dollar was down 1-100 at 910 Pound sterling was up 3- 100 at 4P'i Oilseeds again posted sub- stantial losses. Tuesday's trading volume was bushels of flax. of rye and 1.941.000 of rapeseed. MID-SESSION PRICES Flax Oct 40 lower, 8 Nov 40 lower, 8 64A; Dec. 39J'i lower, 8 50B, May 39 lower. 8 47A. Rapeseed Vancouver. Sept. 16J2 lower, 5 Nov 11 lower, 5 42A; Jan 1114 lower, 5 32A: Mar. 1211 lower. 5 30A Rapeseed Thunder Bay Oct 13 lower 528A. Nov. 11 lower. 528A, Dec 15 lower, 5.OOB. May 8 lower. 5 20A Oats Oct i lower. 1 54A. Dec I12 lower. 136'iB. May ld higher. 1 34 July not open Barley: Oct lower. 229'M. Dec 3 lower, 228. May 1'j higher. 2 25' iB. July not open Rye Oct 10 higher, 358B. Dec unchanged. 3 34, May 4'2 lower, 339A. July 6 lower 3 34A Gram quotes Tuesdav Lakehead. High Low Flax Oct 940 911 Nov 928 899 Dec 917 888 May 913 885 Rapeseed Vancouver Sept 591 574 Nov 565 553 Jan 556'2 543 Mar 553 542' Rapeseed Thunder Bay Oct 550 541 Nov '8 Dec 520 515 May 538 528 Oats Oct 156 152'' i Dec 140 136 Mav 136'2 133'i Jly Barley Oct 238 231 Dec 237 230 Mav 226'2 224 Jly Rye Oct Dec May Jlv" basis Close 916' 2 904 889Ji 886 571 553 543 '4 542' i 541 539 515 528 138'i 133'2 1 35 231 '.i 231 224 220 348 334 343 '2 340 grain CHICAGO (AP) Gram quotations Tuesday Wheat Sep Dec 516. Mar 501'z. Mar 5.01'z. May 486. Jul 4.15 Corn Sep 2 53Ji, Dec 2 49't. Mar 2.53'2. May 2.55'a. Jul 2.56; Sep 2 50. Dec 2 26 Mar 2 26 Oats Sep 1 26 Dec 1 23' i. Mar 1.24-'i; May 126. Jul 1 19 No hunting A hunter's dream Not so. The plump Canada geese are hearded into a 50-acre refuge compound in a new waterfowl sanc- tuary in Surrey. B C., southeast of Vancouver out of reach of hunters Electric power cost to increase LONDON iCP) Ontario Ihdro Chairman George Gathercole told a world energy conlerence here todav that the world must switch to electnciU oil gas and iossil fuels aie used up In a speech prepared lot the multi-national World Knergv Supplies Conlerence Mr Gathercole predicted costs of electric power will use as people ionic to that elect! icitv is the world's basic powei source The conlerence ends Thurs- Petroleum and natural gas supply about three-litths of the world's demands tocLn but .supplies are shrink- ing and a shift to electricity is meutdhlL lit1 said Ontario dro s 1970 i jpdcitv will double 1980 and quadruple by 1990. but ex- pansion will cost the province S10 billion during the next 10 Mr Gathercole said Ontciiio Ihdro is an example ol a large North American utility piepaung to switch to nuclear generating stations He estimated between 60 and 70 per icnt of the province s electnciU will come from nuclear stations bv 1990 planneismust lac-e the coming changeover Irom fossil-fuel energy to elpctnciu and conc-omrnit- ment problems of pollution control rising costs, disposal ot waste heat, reduction ol ladialion and objections from environmentalists He welcomed experiments with nuclear fusion and solar generators- but stressed that the immediate problems ol the next 10 to 20 years will have to be handled with ex- isting technology Mr Gathercole said public concern about the en- vironmental dangers of radia- tion persists in spite ol overwhelming" evidence that the dangers are not real Big three auto makers bathing in prosperity By ROBERT A. WRIGHT New York Times Service DETROIT Like its com- petitors General Motors Corp and the Ford Motor Co. the Chrysler corporation is bathing in the prosperity flow- ing from three straight boom- ing years of car sales Chrysler, the target com- pany in this year's contract negotiations with the United Automobile Workers, certain- ly cannot plead poverty, as one official of the company conceded before the talks Beef futures WINNIPEG (CP) Beef lutures close Tuesday Sept 49 OON, 'Nov 50 OOA, Jan 50.50A; Mar. 51 OOA Monday's volume Two contracts began. Profits jumped 52 5 per cent in the first halt of this year to a record of 4 million But Chrysler is not making nearly as much profit per dollar of revenues as its rivals Chrysler is different in other ways, too If corporations were families of people, as public relations practitioners keep insisting that thev are, then the big three auto companies could be viewed as having only cars in common Their personalities, however, are very different. Some people in the Detroit neighborhood believe that Ford as its affluence has increased has become more like G M. but Chrysler con- tinues to face the community with a different image In this glib view, C, M is the Irimily that believes in staying together calling continual Business Stocks Toronto mines, industrials (Supplied by Richardson Securities ot Canada) C Tel C Forest Advocate C Sugar Valley Ind Ind Breweries Cellulose Can NW Power Canada Credit Dfd Central Industries Marconi Vickers Cons Coin Bathurst Dickenson Seagrams Denison Bridge D Dome Textile Discovery Stores East Pete Easi Mobile Cdn Oil Snds First Motors Giant Y Lakes Paper Oil Cda Lines Hudson Bay Sid Hydra Walker Iron Oil Joliet Kerr Nicl-el Key Pipe Group A Lake Utilities Langis Accept Madsen R Malartic G Douglas A Martin A Stores Inlern Ferguson Nu West B'oedell Corp New A B Corp Pine Co Placer Pax Lawrence Corp Quebec CDA s Sears Rio of Canada Roman A Sherntt Steep Group A Mm Pipe United 87 Can Pipe Upper Carbide Western Gas W House Oil Wright Siscoe Ufa Yellowknife Zen s B s A Cnd Seed 62' Elec Algoma Atco Imperial Atlantic 37' Agra Scotin Bell Brazilian 48 50 21 87', 2050 3425 14 50 975 450 5 00 6 62vz 2275 2 15 10.75 1575 3 85 16 50 26 37'; 1637-2 31 00 27 00 41 75 27 75 23 25 8 50 13 62 2 32 62'2 27 50 950 8 00 64 25 26 75 33 00 17 25 i 54 25 27 87'2 42 87' 7 2900 3262'j 22 50 925 25 12'2 17 87'2 475 5 25 11 00 4 45 5 25 15 50 23 25 33 75 50 75 23 00 21 87 2 7 62 9 50 1050 16 37'z 14 25 20 25 18 62'2 3 50 11 50 29 62'r 15 62's 59 50 18 12 17 00 29 87 r 16 25 9 87'. 14 00 6 90 6 12 15 00 19 25 23 12 5 50 3 00 30 25 18 25 36 50 35 87' 33 00 Miscellaneous Vancouver, Calgary, Montreal (Supplied b> DoherU. McQuaig Ltd.) gatherings that include even the cousins in which its massive wealth and how to increase it is prudently debated There are meetings like that at Ford. too. But in its sub- urban dearborn domicile, there seems to be a greater tolerance for voung swingers, as long as they don't squander the family fortune. One hears frequently the remark that Chrysler managers are at least as smart as their G.M and Ford counterparts, but not as well organised Chrysler's employment levels also have alternated more than its competitors United States employment reached a peak of in 1955, when Chrylser was deep into a major restylmg called 'the loiward look." and then sank as low as in 1961 I' rose again to by WESTERN 00 AND 00 Albany 05 Alia East Cdn 50 14 A 50 12 BP 62 LINE Brenda Gas 1 25 Can GPS 50 Cdn Ex Nat 12 r Cdn Nat 87 Cdn Ind Gas and C 87 Cdn Long and C B 37 Cdn 25 Charter 10 Metro 00 Dome Can 00 Can A 00 Fort Can B 00 Can 90 Giant 25 Trans 90 Gt Plains Gt Cdn Oil S Lochiel Lytton Mm Noble Mines North Cdn Oils 800 289 200 1 01 660 Acroll Barons Oi's N Conlin West Warner 04 01 V 31 Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Pondei Ranger Scurry Rain Seibens Spooner Total Pete Ulster Pete West Pete West Decalta MISCELLANEOUS INDUSTRIES 1737 7 1 30 23 58 40 3325 18 87H 14 25 42 690 90 575 650 13 Afton Atlas Explor Bath Norse Dankoe Davenport Dolly Vard Equitonal Lornex Primer Pyramid Silv Stand Val Copper INDUSTRIALS Colum Brew Key Indus 35 72 202 50 23 20 1200 10 14 2 25 8 60 390 23 1 90 Aquilame BC Sugar Pfd Block Bros Com Cap Corp Cdn Brew A Dfd Cdn Brew B Pfd Cdn Pacific Inv Crestbrook Ind Crowsnest Ind Falcon Copper F a. id M Trust Genstar Global Com Units Home A Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil Husky B Rid Husky D War Husky E War Hys of Canada Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd Maqnasonics Picific Dete West Air Pe-Ben Oilfield Raimei 1425 275 320 2550 2962'i 2925 1287'z 2500 1337 i 550 16 12'z 44 00 4bOO 4250 1750 4650 57 00 5075 2325 41 75 7 80 975 400 765 1300 3 10 2750 700 3000 10 00 675 PRP Explor 77 Plains Pele 27 7 Ponderay Explor 95 Stamp IntI Res 85 MUTUAL FUNDS All Cdl Com T 00 7 61 All Cdn Div 741 806 All Cdn Ven 371 403 Amer Grow F 5 57 6 12 AGF Spe 2 96 Cdn Invest F 5 07 5 56 Common Inter 14 47 15 90 Common Lev 3 77 414 Common Ven 721 7 92 Corp Invest 6 09 6 69 Crop Invest S F 5 90 5 59 Grt Pacific 4 13 4 69 Group Income 3 45 3 79 Grow Equity 7 63 8 38 Invest Grow F 11 94 13 05 Invosi Mut 5 79 6 33 Mut Accum 5 88 647 Mut Grow F 3 67 4 04 Nat Res 4 97 5 46 NW Cdn 5 58 6 13 NW Grow 5 28 5 75 Prin Grow 4 55 4 99 Royfund 6 69 6 96 lemplelo'l Grow 333 913 United Accum 512 5 63 Univtrs Sav 7 78 8 55 Vanqi.ard 6 53 7 ork (Supplied hj Amr T-T Anaconda Bpth Steel Chrysler Coms.it Dupont General Motors Gulf Int Harvester Kcnn Copper Monlqomory Sivirs X Don r Western Oils 239 91 up 96 32 50 Volume 000 Ml W "lORK AvTHAGTS ?5 37 i PO I irliisln il 00 up 8 98 37' ?0 Rails 164 n up I 87 I'' Illilili'1 11 ?4 up ?4 fi? d SMI k 'ifl up tO fi Volumi 'i I'll) 000 K up I bfl ;