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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 20, 1974, Lethbridge, Alberta Friday, 20, 1874 THE LETHBRIDGE HERALD Toronto market prices register sharp decline TORONTO (CP) Prices on the Toronto stock market were sharply lower in moderate trading. The industrial index fell .96 to 163.06, golds 2.63 -to 327.97 and western oils 2.17 to 139.46. Base metals rose .19 to 66.84. Volume at a.m. was shares. MONTREAL (CP) Prices were lower in light trading on the Montreal Stock Exchange today. Volume at 11.30 a.m was shares, compared with shares at the same time Thursday. Banks fell 2.54 to 215.99. the com- posite .97 to 166.52, utilities .81 to 119.66 and industrials .80 to 172.21. Papers rose 1.03 to 103.02. Distillers Corp.-Seagrams fell to Alcan 5's to Cominco to Dominion Textile to Hudson's Bay Company to Canadian Pa'cific Ltd. Vj to Royal Bank to International Nickel class "A" to and Simp- son's Ltd. to S6''8. Domtar rose 1 to and Imperial Oil class "A" "4 to Among speculative issues, Abitibi Copper Mines fell "z to S8 on a volume of 11.000 shares traded. VANCOUVER (CP) Prices were up in light trading on the Vancouver Stock Exchange Thursday. Total Chicago markets CHICAGO (AP) Scattered, late commercial buying in the United States set off short covering and farm commodities as the Chicago Board of Trade closed sharply higher Thursday. Soybeans were up 18 cents a bushel, just two cents short of the limit for one session after three days of mostly lower prices, including two limit declines. Wheat gained 10 cents and corn near- ly five cents. Oats were up about one. Soybean meal gained a ton and soy oil rose some 75 points, while iced broilers closed cent a pound lower to higher. Commodities closed on mostly stronger tones on the Chicago Mercan- tile Exchange. Live hogs advanced per hundredweight, the limit, while live cattle were up and pork bellies gained up to 150 points Shell eggs fell about 80 points. Silver futures advanced six to 12 cents an ounce as new support developed for gold abroad. Cocoa, world sugar and orange juice futures also closed a little higher, while cotton was mixed and copper some 70 points lower. At the close, soybeans were 11 to 18 cents a bushel higher. Nov. 7.55; Chicago wheat was five to 10 higher. Dec. 4.53: Gulf wheat was not traded: and corn was 3'z to higher. Dec. Advances outnumbered de- clines 131 to 129 with 136 issues unchanged. Distillers Corp. lost 1 to Pacific Pete to Home Oil A to and Hudson Bay Co. to General Motors gained to Quebec Telephone to McLaughlin and Market trends volume of shares at the close was 1.453.346 In the industrials. Newmark was up .07 at .52 on shares. Cornat was up 20 at on shares lonarr was up .01 at .42 on shares Great National Land was down .08 at .67 on 2.000 shares. International Centura was unchanged at .09. Bank of British Columbia realty warrants were un- changed at SI. In the mines. Leisure was unchanged at .25 on shares. Wharf was up 25 at 65 on 204.000 shares Barrier Reef was up 08 at 83 on shares. Northair was up .22 at SI.60 on 51.500 shares. Cutlass was up .08 at 28 Gran- dora was unchanged at .21. In the oils, Payette was up 02 at 21 on 26.000 shares. Stampede was down .01 at .52 on 24.150 shares Cop-Ex was unchanged at .22 on 20.000 shares. August Petroleum was unchanged at .20 on 15.545 shares. Princess was up .03 at 50 Monterey A was up one-half cent at In the curb exchange, total volume was shares Olympian was un- changed at .30 on 42.333 shares Mark-5 was up .04 at 72 on 21.500 shares. Dasher was. up .02 at .41 on shares. Welland was unchanged at .28 on 16.500 shares. Cardwell was down 02 at .05. Associates and Con- solidated-Bathurst 1 to Mattagami was down to Camflo V4 to and Dy- nasty to Campbell Chibougamau rose 10 cents to Ranger fell to Pan Ocean Vj to and United Canso 1 to NEW YORK (API The slock market's week-long rally faltered to- day amid apparent disappointment at a major bank's decision to hold its prime interest rate at 12 per cent The noon Dow Jones average of 30 in- dustrials was down 9 16 at 664 89. and losers held a 7-to-6 lead over gamers on the New York Stock Exchange. The Dow had gamed some 47 points since the start of the week, with the help of enthusiasm over softening short-term money rates. Pan American World Airways was the NYSE volume leader, down 's at On the American Stock Exchange, the market-value index was up .12 at 6622 Sunbeam was down at i on top of a slide Thursday, when the company projected lower earnings for the current quarter IBM was down 23'j at S1673'i. Eastman Kodak off at Texas Instruments down at and Xerox down at The NYSE's noon composite index of all its listed common stocks was down .38 at 36.25 Livestock Calgary CALGARY (CP) Receipts at the Calgary public stockyard Friday were light to 11 a.m and totalled about 450 head of feeder cattle and calves. There were insufficient sales of slaughter cattle on offer to establish a market Feed prices WINNIPEG (CP) Wheat board domestic feed grain prices Thursday: 3 CW red spring wheat 3.86. No. 1 feed oats 1 92'4: No. 1 feed barley Beef futures WINNIPEG (CP) Live beef futures close Thursday. Sept. 47.50B; Nov. 48.50N: Jan. 47.50A: July 48.50N. Wednesday's volume. 10 contracts. Winnipeg grain WINNIPEG (CP) The market at the Winnipeg Commodity Exchange turned active with a strong showing by buyers who had been mostly ignoring it earlier this week. The active buying interest pushed flax and Vancouver rapeseed prices sharply higher at mid-session and brought strength to oats and rye. However, the selling pressure con- tinued in other commodities with prices generally lower. The volume of trade Thursday was 86.000 bushels of feed wheat. 952.000 of oats. 2.623.000 of barley. 37.000 of corn. 419.000 of rye. of flax and 000 of rapeseed. Mid-session prices: Rapeseed Thunder Bay. Oct. JO lower 8 10A; Nov.. Dec. and May not active. Rapeseed Vancouver: Sept. 6'i higher 8.33B: Nov. higher 8.28B: Jan. not active. March eight higher 8.06B. Flax. Oct. 26 higher 11.36B: Nov. 35 higher 10.91 A: Dec. four lower 1062A: May eight higher 10.48A. Feed wheat- Oct. eight lower 3.78. Dec. 10 lower 3.59A: May three lower 3.74A: July not active. Corn. Dec. two higher 3.62. March unchanged 3 70: May unchanged 3.77A. July not active. Barley: Oct. three lower 275'i. Dec four lower 2 69's: May one lower 2.78'iA. July lower 2.88A. Oats: Oct" 23i higher I.95A. Dec five higher 1 85a.iA. May 4'j higher July not active. Hyc Oct 'unchanged 285B. Dec 'z higher 2.77'iB. May higher 2S7B. July two higher 2 (MB Grain quotes Thursday Lakehead: High Low Flax Oct 1130 1110 Nov 1086 1065 Dec 1060 1039 May 1047 1028 Rapeseed Thunder Bay Oct Nov Dec May Rapeseed Vancouver Sept 826'2 818 Nov 819'4 809 Jan 810 798 Mar 798 786 Corn basis Montreal Dec 360 360 Mar 370 370 May Jly Rye Oct 285 282 Dec 277 273 May 286'; 283 Jly" Barlc> Oct 278': 277 Dec 272'2 270' i May 281 ZTS'i Jly Oats Oct 192'i 1903J Dec 179 May 186 184 Jly Feed Wheat Oct 394 38fi Dec May Jlv basis Close 1110 1056 1065 1042 820 812 792 799'2 826'2 819'- 360 370 377 381 285 277 2861- 282 279% 291'.; 136 188 3Rfi 369 377 382 Replacements consisted of yearling steers weighing over 750 pounds and yearling heifers between 600 and 700 pounds Prices were steady. There were insufficient stock calves sold to establish quotations Good feeder steers over 750 pounds 33-40. under 750 pounds 30-36. Good heifers over 550 pounds 25-32 with sales to 35. Hogs base price 54 75-54 85 Hog prices EDMONTON CP I Average clos- ing prices Friday provided by the Alberta Hog Producers Marketing Board. Thursday's average in brackets: Edmonton: 55.01 Calgary. 54.83 Red Deer- 55.05 Lethbridge. Nil Fort Macleod: Nil Total hogs sold 1.627. average 54.97. Total sows sold 23. average 31.65. Currencies MONTREAL (CP) Friday'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 Italy lira .001545 Japan yen .003385 Mexico peso .0805 Spain peseta .0175 Sweden kroner .2265 Switzerland franc 3365 United States dollar .9900 United Kingdom pound 1 3021 Quotations in Canadian funds. Gold futures WINNIPEG iCP- Gold futures. U S funds. Winnipeg Commodity Ex- change close Thursday. 4flfl-OfXCE CONTRACTS: Oct 74 147 50B; Jan 75 15260. Apr 75 158 10B. Jly 75 164.40B. Oct 75 171 10A Wednesday's volume. 439 contracts IMI-OfXCE "CONTRACTS: Nov 74 149 50. Fob 75 154 OOB. May 75 1S9 4PB. Aup 75 165 OOB. Nov 75 170 00 A days volume 544 contracts APPOINTMENT PATTOMPKINS Mr. lueders. Presi- dent o1 Arclic Ttansil MIT S ConcTele Products L1d is pleased Jo announce 1ne 3ppoi-nlTnen1 o1 P H E Tompfcins as General Manager 01 1tie Lelrib'idge Planl This appointment coin- cides wilti Itie commenc-e- menl o1 pioducllon Irom our new plant located al 61'h Avenue and 301n Slreel Notrh -whitti lealures the largest cetnen] storage ca- pacity ot any plant m Le1n- bTidge Pat was born and raised m iel'hb-r idge millim ,31 an avrracr j-tnrr M Mf: and an vicM oj Ji flj, rrni S2.Vi mill'f'Ti s! avnvsw firirf if