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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 19, 1974, Lethbridge, Alberta Thurwtay, StptwnbW LETHBRIDOE Cigarette prices hiked two cents MONTREAL (CP) Smokers will be paying two cents more after Sept. 30 for a package of cigarettes manufactured by Imperial Tobacco Products Ltd. under wholesale price increases an- nounced Wednesday. Spokesmen for other cigarette manufacturers said Imperial's action will be Salmon !harvest i I big one VANCOUVER (CP) The Capilano Fish Hatchery in North Vancouver is up to its gills in coho salmon so about of them have been harvested commercially. The return of coho to the hatchery so far this year is more than double hatchery of- ficials' first estimates and several times more than the hatchery needs or can possibly use. Hatchery superintendent Eldon Stone says the first es- timate on the coho return was fish and that estimate was revised to when the present run began. But the return to date was Mr. Stone said the hatchery needs only coho, so the surplus was put out to tender. The highest bid was 71 cents a pound from J. S. McMillan Fisheries Ltd. and Stone said about fish" have been harvested. Auto trade registers big deficit OTTAWA (CP) Canada had a deficit of more than million in automotive trade with the United States during the first half of the year, Statistics Canada reports. The value of exports slumped 8.5 per cent below-the total for the same period of 1973. The first-half total was billion this year and billion last year. Imports increased 7.4 per cent to billion in the first half of this year from billion in the same period of 1973. The deficit in the first half compared with a deficit of only million in the first half of 1973. In trade with other countries, the first-half deficit was million compared with a deficit of million in the first half of last year. There was a decline in im- ports to South America and an increase in exports from Japan and Europe. The average price of cars imported from the U.S. increased by only 2.5 per cent compared with the last half of 1973. "reflecting a marked shift in Canadian demand from larger to smaller cars." The average price of Japa- nese imports rose by 9.5 per rent. British imports by 14.5 per cent and German imports by 16 per cent. reviewed today, and price increases for other brands are expected. A Benson and Hedges To- bacco Co. Ltd. spokesman said the entire industry is fac- ed with the same i costs which imperial said prompted the latest round of price increases. In a statement, Imperial said retail cigarette prices are expected to increase by 2 cents a package containing 20 or 25 cigarettes, and 20 cents a carton. In Toronto, Robert Hawkes, president of Rothmans of Can- ada Ltd., said his company will consider the effects of Imperial's announcement at a board meeting today. Spokesmen for Benson and Hedges and Tobacco Inc. also said thi top executives will be meeting today to discuss the price increase. Gasoline stations cut prices NEW YORK (AP) Inde- pendent gasoline stations in the United States are dropping pump prices as much as 13 cents a gallon, cutting into sales of many higher-priced, major brand dealers, an Associated Press survey shows. Industry gasoline supply fig- ures indicate that there is more of the fuel in stock this year than the same time last year, but demand is holding about even with last year's level. This means that the ma- jor companies are having trouble selling all their gas- oline through their own out- lets. Many dealers say the in- creased supply of gasoline has come from conservation by motorists. But some dealers say the major oil companies are purposely holding prices at high levels to boost their profits. Retail store sales higher OTTAWA (CP) Sales by retail stores in July rose by 1.7 per cent to a seasonally ad- justed total of billion, Statistics Canada reported Wednesday. There were gains in 13 of the 18 trade groups. The largest were 9.2 per cent in men's clothing stores and 5.8 per cent in family clothing stores. The largest declines were 4.3 per cent for fuel dealers and 3.9 per cent for variety stores. Raise prices TORONTO (CP) Cana- dian General Electric Co. Ltd. of Toronto Monday announced a five-per-cent increase in the cost of its electric ranges, washers, driers and dis- hwashers, an increase of eight to 15 per cent in refrigerators and a 10-per-cent jump in the cost of heating and central air conditioning products. The company blames a rise in costs of materials and parts for the higher prices. Gas price, supply agreement closer VICTORIA (CP) The British Columbia government and Northwest Pipeline Cor- poration of the United States are closer together on the question of price and supply of natural gas exported from the province. Premier Dave Barrett said Wednesday. He made the comment following a meeting attended by John McMiilian, president of Northwest; Kelly Gibson, chairman of Westcoast Tran- smission Co. Ltd.; Attorney- General Alex MacdotiaJd; James Rhodes, chairman of B.C. Petroleum Corporation, and Dr. Andrew Thompson, chairman of the B.C. Energy Commission. "There are no details that I can give you about oar dis- cussion." Mr. Barrett said, "but I think that we are closer than we were before the meeting." Mr. McMiilian will be dis- cussing the government's pro- posals with his company's principles and B.C. expects to hear from him in about a week. Mr. Barrett said. Mr. Barrett said there was "a lot more common ground1' than both sides had an- ticipated in the matter which centres around the B.C. government's slated intention of seeking a higher price for natural gas exported to the Pacific Northwest. Westcoast now has a sales contract with Northwest for 809 million cubic feet of natural gas a day and the government-owned B.C. Petroleum Corp., which holds the purchase contracts with producers, wants to raise the price in stapes to SI.35 a thou- sand owbic leel from 81 cents. Northwest has objected to the price increase saying it must be accompanied by an agreement to share with the US. a predicted shortage of natural gas this winter. The Herald- Business Active mid-session trade Stocks Miscellaneous Vancouver, Calgary, Montreal MIDLAND DOHERTY LIMITED WESTERN West Air AND Oilfield Serv 2.50 Atton Trust 19.50 Albany 3.65 Alta East 2.75 Win .54 (Geo) A Pfd 42.00 Ashland Yukon 6.37Yz BP STOCKS Brenda 10.25 Cda Gas Trk Pfd 58.00 Cdn Ex Nat Gas 17.00 Cdn Metro 5.00 Cdn Ind Gas Nat Gas 9.50 Cc1" Long and C Gas Cdn and C Gas B Pfd 16.75 Cnlertan Trans 7.25 Doors Pipe 8.75 A Pfd 48.50 Nu Port B Pfd Giant War 70 Gibraltar Trans 16.37V2 Trans War 1.70 Gt Gt Cdn Oil .31 Lochiel Oil .05 Vi Lytton Continental .02 North Cdn Warner .21 Vi Numac Pancdn Pan Norsemines .75 Resources .40 2.25 Place .36 5.30 Ranger Mines 1.44 Scurry .03 .06 Total Standard 1.02 Ulster Copper 5.30 United Westcoast Industries .07 West 1.35 Petroleum .19 Pete .10 Acres Int'l Res .53 FUNDS BC Sugar C Cdn. Compound 4.66 5.08 Block Cdn. Dividend 4.80 5.22 Canbra Cdn. Ventures 2.15 2.34 Cdn Pac Inv A Growth Fund 3.44 3.78 Cdn Pac Special 1.68 Carling O'Keefe A ffd Carting O'Keefe B Pfd Comm Cap Corp Crestbrook 20.00 1.65 Invest Fund 3.80 4.17 Eaton Cornnwlth 1 1 .07 Eaton Leverage 2.46 Eaton Int'l Venture 4.37 Crowsnest Investors 4.81 5.29 Falcon Copper F M Trust Invest Stock Fund 3.69 3.96 Dreyfus Fund U.S. 7.46 8.18 Pacific 3.52 3.84 Home Oil In Shares 2.36 Home Oil Equity 4.62 5.08 Hyd Bay Growth Fund 8.98 9.82 Hud Bay Mutual 4.88 4.90 Hugh Russell C Pfd Accum 4.8S 5.36 Husky Resources 3.40 3.74 Husky Oil B Pfd Husky Oil E War Interprov Pipe Interprov Steel Kaiser 4.45 1.80 Cdn 4.12 4.53 N.W. Growth 3.37 3.70 Principal Growth 2.93 3.22 Royfund 5.05 5.26 Templeton 'Growth 6.30 6.91 Kaiser Res Accum 3.47 4.81 Loblaw Co C Savings 6.44 7.09 Magnasonics Pacific 5.1 S 5.71 Vanguard 3.77 4.13 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 Mafartic 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. Matartic G.F. Martin McNedy Maclntyre Meta Intern Mogul NuWest Homes Mew Athona New Calumet Noranda Northgate Noriex Pine Point Placer Dev. Pax Exp. Quebec Man Rayrock Radiore Rto Algom Roman Corp. Shemtt Gordon Sleep Rock Sunningdate Tek Corp. A Texroom United Canso Western Mmes WH Copper Mines Hargreaves Windfall Bear AbfflW Mean INDUSTRIALS .07 1.00 1.25 1.10 .32 9.75 1.05 3.90 2.60 4.15 4.30 .74 .90 2.85 2.38 .14 .95 3.95 36.25 .35 38.50 1.05 3.10 2.00 31.87V4 .14 .39 8.00 1.60 23.50 11.00 .40 4.40 .90 .16% 9.62% .22 22.50 3.25 .10 .67 .87 .22 21.75 .11 .14 3.30 5.00 .13V4 .15 31.00 4.00 .20 28.75 -95 .85 .19 22.62% 8.25 7.00 1.14 4.30 2.90 8 87% 2.01 2.50 1.30 1.40 .06 ind Agra tad Tel Brascsn A 24.00 10.50 465 42 62% BC Tel Burns BC Forest BC Sugar Bow Valley Ind Cable CAE Ind Cal Power Canbra Foods Can Cellulose Carlmg O'Keefe Chemcell CWN Gas Pfd Cdn Ind Cdn Marponi Cdn Vickers Chrysler CPR Cominco Cons Bathurst Cons Gas Dist Seagrms Dom Bridge Domtar Dom Textile Dom Stores Dome Pete Dofasco Glen Mobile -Grt Cdn Oil Gen Motors Grt Lakes Paper Gulf Oil Greyhound Hawker Sid Hiram Walker A Huron Erie Imperial Oil A Imasca A Int Nickel Int Pipe Inv Grp A IU Infl IAC Ltd Jannock Kaps Kd Douglas A Laurentide Loeb Loblaw A Metropolitan Massey Ferg McMill Bloed Moore Corp Molsons A Molsons B Nachurs Peyto Power Corp Price Co Rothmans Shell CDA Simpsons Simp Sears Steel Can A Selkirk A Texaco Trad Grp A Trans M'tn Pipe Trans Can Pipe Umon Carbide Union Gas Umon Oil United Siscoe Versatile WHg Wesleel Wessons Woodwards A BANKS Can Imperial Montreal Nova Scotia Royal Tor Oom 47.62V4 10.50 17.50 14.00 8.75 6.75 17.50 2.60 3.75 2.65 4.50 8.25 18.75 2.75 11.75 12.75 13.00 26.25 23.75 13.75 28.00 33.00 21.25 13.75 21.75 23.50 2.05 5.75 38.50 15.75 22.25 13.75 4.75 36.75 17.37% 26.37% 20.25 24.25 12.62% 5.75 10.62% 15.25 4.80 2.35 4.55 5.75 2.70 5.50 8.50 13.12% 23.50 41.25 16.25 15.00 5.00 2.95 8.75 11.37% 8.37% 11.75 6.00 8.37% 25.75 9.50 3iSO 9.00 11.75 8 62% 17.50 7.87% 7.2S 3.10 4.25 16.87% 22 12% 18 2287% 1262% 33.50 28.OO New York by Richardson Secorities of Cnada) Arm. T4T Anaconda BeWi Steel Chrysler Comstf Ouporfl General Motors Gitf tat Harvester Kerm Copper Sears Exxon GtfB Texas Co 4200 Wocrtworth 1700 Wesanghouse EJec '050 US. Stotf 4237's Gem Bee 1837V, 25.25 TORONTO AVERAGES 120.75 28 intfwonufe 162 94 up 2 90 3975 SO Golds 333 83 up 5 S8 17 10 Base MeWs 6623 up 142 19 IS Western Orts 138.75 up S.48 28 GO Volume 1.1J6.OOO NEW YORK AVERAGES S7.25 20 668 42 up 16 50 66.75 20 RaSs 13563 wp 3 OS 24.00 IS WtlWtes 60 10 up SI 23.00 Slofiks 202 54 up 4 41 VoMme 7.4SD.GOQ Prices on TSE sharply higher TORONTO (CP) Prices on the Toronto stock market were sharply higher in active midmorning trading today. The industrial index gained 2.21 to 162.25, golds 5.56 to 333.51, base metals .65 to 65.46 and western oils 4.34 to 137.61. Volume by 11 a.m. was 000 shares compared with shares at the same time Wednesday. Advances outnumbered de- clines 208 to 40 with 113 issues unchanged. Texasgulf gained to Distillers Corp. to Bow Valley 1 to Cominco 1 to and Algoma Steel to Agnico-Eagle was up to Dickenson V4 to Sherritt to and Pamour V4 to United Canso rose to Pan Ocean to and Nu- mac to CIL fell to and Mad- sen five cents to 70 cents. Market trends Livestock Calgary CALGARV (CP) Receipts to II a.m. Thursday from the Calgary public stockyards totalled head, mostly slaughter steers and cows. Trade was active with a good eastern demand Steers sold fully steady. There were insufficient heifers on offer to es- tablish quotations. Cows met a good demand at prices higher. Bulls sold steady. Steers, Al, A2: 47 to 48.80. Cows, Dl, D2: 23.50 to 25.40. D3: 21.50 to 23 D4: 17 to 21. Bulls, good: 25 to 28.25. There were insufficient replacements or stock calves on offer to establish a market. Hogs fob to 11 a.m.- 54.75 to 55.05. Beef futures WINNIPEG (CP) Live beef futures close Wednesday. Sept. 49 OOA; Nov. 48.50N; Jan 48.00, July 48.50N. Tuesday's volume: Four contracts. Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Wednesday 3 CW red spring wheat 3.96, No. 1 feed oats 1.92; No. 1 feed barley 2.79V4. Winnipeg grain WINNIPEG (CP) Most futures prices continued to show small losses by mid-session today on the Winnipeg Commodity Exchange. Flax, which was mixed, made the only gains. Feed wheat dropped its dai- ly trading limit of 10 cents a bushel in most months. Wednesday's volume of trade was 149.000 bushels of feed wheat, of oats, of barley, of corn, of rye, of flax and of rapeseed. Mid-session prices: Thunder Bay rapeseed- Oct. un- changed 8.11 A: Nov. unchanged8.12A; Dec. and May not open. Vancouver rapeseed: Sept. two lower 8.18A; Nov. IVt lower Jan. IVz lower 8.00V4B; Mar. 1% lower 7.89ViB. Flax: Oct. two lower 11.28; Nov. one higher 10.86B; Dec. four higher 10.60B; May one higher 10.43B. Feed wheat: Oct. ten lower 3.86A; Dec. 10 lower 3.69A; May eight lower 3.79A; July 10 lower 3.83A. Corn: Dec Vt lower 3.60B; Mar, Hi lower 3.70A; May H41ower3.77A; July lower 3.81A. Barley: Oct. 1% tower Dec. 2% lower 2.71B; May 3Vi lower July unchanged 2.92A. Oats: Oct. one lower 1.91; Dec. lower May one lower 1.84A; July one lower 1.88A. Rye: Oct. IV'4 lower 2.82B; Dec. Wt lower May 2V4 lower July not open. Grain quotes Wednesday basis Lakehead: High Low Close Flax Oct 1145 1128 1130 Nov 1100 1083 1085 Dec 1056% 1056 1056 May 1062 1042 1042 Rapeseed Thunder Bay Oct 811 Nov 812 Dec 792 May Rapeseed Vancouver Sep 827 822 820 Nov 831 813 813 Jan 820 801 802 Mar 806% 791 791 Corn basis Moatreal Dec 361% 360% 360% Mar 374% 37H4 May 381V4 378-4 Jlv Mtti Rye Oct 284% 2W4 Dec 275U 274V. May 287 282 286 Jly' 282 Birley Oct 285 279V4 Dec 279 273 May 281% 2H Jlv SB QMS Oct 192 Dec 180H 180 May Jly 189 FecdWfeeal Oct 399 396 396 Dec 379 May 387 Jly 388 Gold futures WINJilPEG GoM fotores. C.S fanfe. Winnipeg ComroodiSy Ex- change ctose Wednesday. Oct 74 75 75 ISOSBB: Jojy 75 106.WB: Oct75-17200B Tuesday's volume 578 contracts MOV 74 15925. 75 75 161 90B. Aag 75 J67.SDB. Nov 75- 70S. Tuesday's votome- ME contracts Gold prices UTVDOJi MPi Wednesday's cJos- ittf prices am tendon -1 Pans- FYatftfsrt 34533 Znnrti Xtmf, 142.29 Beirut a Hog prices EDMONTON (CP) Prices to 11 a.m. provided by the Alberta hog producers marketing board. Wednes- day prices in brackets Edmonton: 54.85 (55.69) Calgary. 54.90 (55.61) Red Deer 54.85 (55.00) Grande Prairie: Nil (56.00) Lloydmmster: Nil (5600) Lethbndge. Nil (55.74) Fort Maeleod: Nil (55.75) Hogs sold to 11 a.m. 393, hogs sold Wednesday Average 55.55, sows average 30.50 Chicago markets CHICAGO (AP) Most commodity futures in the United States improved in price Wednesday. After several days of declining prices, there was a small turnaround in demand. It was considered by some in the trade to be a technical move. Silver futures rose eight cents an ounce, largely on a resurgence of gold prices, which had fallen to a two- month low on Tuesday. As silver dis- played strength, copper also improved, but it was considered somewhat of a technical advance after recent losses. World sugar was about steady, but coffee and Maine potatoe futures were lower. In grain futures, after recent declines, soybeans, meal and oil closed on mixed tones, while corn and oats were a shade higher and wheat a few pennies lower. Iced broilers gained about one cent a pound, but trade was dull and generally without outside incentive. On the Chicago Mercantile Ex- change, commodities moved sharply higher. Lave cattle and hog futures, pork bellies and shell eggs all advanc- ed to limints or nearly 50 under a strong demand. Pork bellies advanced to their highest levels since August, and egg futures rose on higher grain prices as well as a rise in wholesale prices. A the close, Chicago wheat futures were one to two cents a bushel lower, Sept. 4.33; Gulf wheat was not tra-M; corn was one to four cents higher, Sept. 3.34; oats were two to 2% higher, Sept. 1, 69 and soybeans were six lower to nine 7.36. MONTREAL (CP) Prices were higher in light trading on the Montreal Stock Exchange today. Volume at a.m. was shares, compared with shares at the same time Wednesday. The industrial index rose 2.92 to 170.75, the composite 2.55 to 165.31, banks 2.30 to 214.03, utilities 1.30 to 119 67 and papers 1.07 to 101.22. Distillers Corp. Seagrams rose 1% to Consolidated Bathurst 1V< to Aquitaine to Alcan to J27Vz, Bank of Montreal Vz to Imperial Oil class "A" to Pan Ocean Oil Vt to and Canadian Pacific Ltd. to Rio Algom Mines dropped to In heavy trading, Bnnco rose Vt to (8 and Canada Cement Lafarge fell to speculative issues, Massval Mines rose two cents to 31 cents on a volume of shares traded. VANCOUVER (CP) Prices were up in light trading on the Vancouver Stock Exchange today. Volume in the first hour was shares. In the industrials. Great National Land was down .08 at .67 on shares In the mines, Leisure was down .03% at .21% on shares. In the oils, August Petroleum was down .01 at .19 on shares. On the curb exchange, shares were traded. Mark-5 was down .03 at .65 on shares. Wednesday prices were up in light trading Volume at closing was shares Currencies MONTREAL (CP) Thursday's mid-day foreign exchange selling rates supplied by the Bank of Montreal- Australia dollar 1.4850 Bermuda dollar 1.01 China renminbi .5125 Denmark kroner .1650 France franc .2100 Germany mark 3780 Japan yen .003385 Mexico peso .0805 Spain peseta .0175 Sweden kroner .2265 Switzerland franc .3365 United States dollar .9900 United Kingdom pound 2 3100 U.S.S.R. ruble 1.3021 Quotations in Canadian funds. Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was down 3-25 at 33-50. Pound sterling was down 57-100 at 9-20. In New York, the Canadian dollar was up 3-25 at Pound sterling was down 3-10 at 11-20. Among industrials. lonarc was down C< at .41 on shares. Cornat was up .05 at on shares. Inter- national Hydro was up .01 at .49 on 025 shares. Pace Industries was un- changed at .51 on shares. Great National Land was unchanged at .75 and Block Brothers was down .05 at In the mines, Barrier Reef was up .07 at .75 on shares. Northair was up .01 at on shares. Balfour was unchanged at .15 on shares. Consolidated Beaumont was up .02 at .22 on shares. Carotin was unchanged at and Grandora was unchanged at .21. Among oils, Payette was up .01 at .19 on 7.500 shares Bison Petroleum was unchanged at on shares. Plains Petroleum was down .01 at .10 on shares. August Petroleum was unchanged at .20 on shares. Stampede was up .01 at .53 and Rand A was unchanged at .70. On the curb exchange, shares were traded. Mark-5 was unchanged at .68 on shares Yukonadian was unchanged at .13 on shares. Shelter was unchanged at .20 on shares. Thor Explorations was up .02 at on 14.500 shares. Spirit Ex- plorations was unchanged at .08 and Dasher was down .01 at .39. NEW YORK (AP) The stock market rode continuing hopes for a relaxation of interest-rate pressures to a strong gain today. The noon Dow Jones average of 30 in- dustrials was up 16.82 at 668.73, and gainers overran losers by 5-to-l on the New York Stock Exchange. At a news conference in New York, U.S Treasury Secretary William E. Simon said he expected short-term money rates, which have pulled back recently, to decline further, although he said he could not say how much, Westinghouse Electric was the NYSE volume leader, up Vi at SlOVi. On the American exchange, the market-value index jumped 1.26 to 6532. Money-sensitive stocks continued the gradual rally. Federal National Mortgage was up Vj at for ex- ample, and MGIC Investment added 'A to Atlantic Richfield, which reported an offshore Indonesia oil discovery, was up 1% at in a general strong performance by oil issues. The oil-drilling and service sector also posted gains, with SEDCO up to The NYSE's composite index of all its listed common stocks was up .92 at 36.31. Among Canadian issues on the NYSE, Dome Mines was up 1 to Canadian Pacific Vi to Inter- national Nickel to and Alcan Aluminium Vi to r, recessng 1003 4th AVWMW South, Lethbridge Tetophoiw 329-4426 y. rocessing Services CANADIAN Treat yourself to the rich golden smoothness of 1878 :LAC.r RYE WHISKY Blended smooth. Aged smooth Priced smooth MEAGHERS MEAGHERS A smooth number ;