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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 26, 1973, Lethbridge, Alberta 40 LETHBRIDGE HERALD Wednesday, September 26, 1973 TSE stock prices up TORONTO (CP) Prices on the Toronto stock market rose slightly today in active niidmorning trading The industrial index, consid- ered a major indicator of mar- ket trend, was up 09 to 222 39, golds 14 to 267 43, base metals 76 to 106 62 and western oils 29 to 243 59 Vo'ume at 11 a m was 000 shares compared with 851 000 at the same time Tuesday Advances led declines 147 to Chicago grain CHICAGO (APZ) Soy- bean and soybean oil futures closed with limit gains for the second straight day on the Board of Traae Tuesday Soybeans closed 20 cents higher and soybean oil was up 100 points or 1 cent a pound Sovbean meal posted a limit gain of a bushel early but profit-taking trimmed At the e'ose however meal was up a ton Corn futures were up more 'than 58 cents but oats were mixed Wheat lost around 15 cents The demand for com modifies m the soybean com- plex was very strong on the opening Part of this demand was a earn over from the previous session but there was some new commission house buving also Sellers were scarce as prices quickly hit the limit Wheat corn and oats also were strong for a time after the opening Wheat and corn gained 8 cents but after profit- taking set in wheat futures moved progressively lower At the close soybean were up 20 November 6 79 wheat down around 15 December 5 01 corn up more than 5 December 2 59'i and oats mixed December 1 33 Grain quotations Tuesday Wheat Dec 5 01 Mar 4 99 Mav 4 85 Jul 4 21 Corn Dec 2 59'2 Mar 2 66 Mav 2 68 Jul 2 69 Sep 2 60 Dec 2 25 Mar 2 20 Oats Dec 133 Mar 1 33'j Mav 136'i Jul 120 118 while 195 issues were un- changed Communication, merchan- dising beverage and steel issues were among sectors of the market recording gains while food processing, oil refining, paper and forest and industrial mining shares were lower Dylex A rose to Imperial Oil to Huron Erie Vt to Hudson s Bay Oil and Gas to and TD Realty to Noranda A dropped to Vs Nordair 35 cents to Texasgulf to and Bell Canada Vs to Placer increased 1 to Vi and Dynasty to Quebec Sturgeon dropped 10 cents to 80 _____ MONTREAL (CP) Prices were mixed in light trading on the Montreal stock market to- day Combined volume on the Montreal and Canadian stock exchanges at 11 a m was 500 shares, compared with shares at the same time Tuesday Industrials moved ahead 29 to 253 36, the composite 14 to 233 68 and papers 02 to 149 53 while utilities fell 26 to 142 43 and banks 07 to 274 42 On the Montreal Stock Ex- change Ashland Oil rose to Hudson Bay Mining and Smelting to and Inter- national Nickel Vs to while Banque Provmciale du Canada fell to and Westcoast Transmission Co to On the Canadian Stock Ex- change Kontiki Lead and Zinc Mines fell cent to 20 and one half cents on shares traded NEW YORK (AP) The stock market extended its re cent gains today despite some profit taking as investors con- tinued to buy on market strength and speculation that the worst of the interest-rate rise was over Among Canadians on the New York exchange. Dome Mines was up at Inter- national Nickel Vi at and Hiram Walker Va at Hudson Bay was down at and Canadian Pacific was steady at Lang to tour Sask. towns PARK TILFORD APPOINTMENT Mr R Healey Alberta Sales Manager of Park Tilford Distilleries Ltd is pleased to announce the appointment of Graeme Mackedie as Sales Representative in Alberta Mr Mackedie who is a grad uate m Hotel Management f-om the B C Institute of Technology has nad two years experience with Park Tilford in Vancouver He will now be based m Calgary G B MACKEDIE OTTAWA (CP) Otto Lang, minister responsible for the Wheat Board, attacked critics of the revamped federal feed grains policy and announced today he will make a five-day western speaking tour to spell out details to farmers Unfortunately, some people, mostly politicians have refused to recognize the real value that the federal feed grains program has for western Canada, the minister said He did not mention names but said these people have tried to turn the whole issue into a political game and farmers may be hurt as a result The revised policy was announced during the summer Mr Lang will open the tour Dollar value MONTREAL (CP) US dollar in terms of Canadian funds at noon Wednesday was up 1-50 at 00 39-50 Pound sterling was up 2 25 at 4413 50 In New York, the Canadian dollar was down 1-50 at 99 11 50 Pound sterling was up 3- 100 at 42 37-100 LEADERS TO MEET TOKYO (Reuter) Japanese Prime Minister Kakuei Tanaka will leave next week for two weeks of summit meetings in France, Britain, West Germany and the Soviet Union the foreign ministry announced today with a speech Friday m Bran- don Man and speak Satur- day in Wilkie, Sask He will be in Balcarres and Canora Sask Sunday and speak Monday at meetings in Weyburn and Assimboia His tour will close with an address Tuesday at Rosetown Sask In these meetings, I hope to have an opportunity to clear up the falsehoods and mac curacies our opponents have attempted to spread Mr Lang said He also said pamphlets will be mailed to wheat board per- mit holders in a further attempt to clarify the policy Beef futures WINNIPEG (CP) Live beef iutures close Tuesday Nov 47 OOA Jan 48 SOB Mar 48 95B Mondaj b volume Thirteen contracts Gobblers galore Kelly Burm, 4, finds turkeys somewhat reluctant playmates There's a flock of on the Burm farm in Surrey, near Vancouver Most of the gobblers will wmdup on tables across the country Oct 8, Thanks- giving Day' Winnipeg grain Gold futures WINNIPEG (CP) Gold futures U S funds Winnipeg exchange close Tuesday Oct 73 102 10 Jan 74 [05 OOA Apr 74 10825, Jly 74 111 25B Oct 74 114 95A Monday s volume Twenty hree contracts WINNIPEG (CP) Flax retained its opening strength but rapeseed and rye were much weaker at mid-session on the Winnipeg Commodity Exchange today Vancouver rapeseed plung- ed from 10 cents higher to up to six cents lower as commer- cial and export buyers left the market Rye also showed a slight reversal, dropping to about five cents below previous prices Oats and barley remained steady Tuesday s volume of trade was 207 000 bushels of flax 1 990 000 of rye and 2 401 000 of rapeseed Mid session prices Flax Oct 40 higher 8 52B Nov 40 higher 8 38B, Dec 40 higher 825B, May 40 higher 825B Rapeseed Vancouver Sept 6 lower 6 OOA Nov lower 5 86'AB Jan lower 5 76V4B March 2Vz lower Rapeseed Thunder Bay Oct 6Vi lower 5 65VZA Nov 2 higher 5 61B, Dec unchanged 5 31B May unchanged 5 46B Oats Oct unchanged 1 54, Dec unchanged 1 May 1 higher 1 41VzB, July not open Barley Oct Vi higher 2 Dec lower 2 27A, May and July not open Rye Oct 5'A lower 342B, Dec 3'z lower 3 09 May 4% Sears Hunt Shop values- on target anywhere! Sears MARLIN 30-30 j Reg 99 99 SPORTS CENTRE WHERE THE NEW IDEAS ARE Springfield Bolt Action Repeater 49 shot lever action Walnut stock with fluted comb and walnut forearm NOt excactly as illustrated Reg 98 12 gauge shotgun 25 99 BBL Full choke Not illustrated WINCHESTER 1200 434.99 Reg pump 12 gauge shotgun takes shells 30 barrel full choke 12 Gauge Imperial Ammunition Long Range Shells................... 398 Magnum Shells.................. 498 3" Magnum Shells 549 -Simpsons-Sears Ltd.- at Simpsons-Sears you gat the finest guarantee Mtlsfection or money refunded and free delivery STORE HOURS Open Daily from 9 30 a m to 5 30 p m Thursday and Friday 9 30 a m to 9 00 p m Centre Village Mall Telephone 328-9231 lower 3 09 July 6Vi lower 305B high Low Close Flax Oct 812 Nov 798 Dec 785 May 785 Rapeseed Vancouver Sep 608 596 606 Nov 587 582 587 Jan 577 570 577 Mar 569% 561% 569% Rapeseed Thunder Bay Oct 563 554 V2 563 Nov 559 Dec 531 May 548 Vz 546 546 Oats Oct 154 153 154 Dec 144Vz 144 144 Vz May 141 139 Vz 140 Vz Jly 139'2 Barley Oct 227 Vi 227 227 Vz Dec 228 May 227 Vs 227 227 Jlv Rye Oct 358 346 347% Dec 319 309 314Vz May 321 Vi 313% Jly 311J2 311 Vi Livestock Calgary CALGARY (CP) Receipts to 11 a m today from the Calgary public stockyards show sales of about 1 100 head mostly slaughter steers and heifers Trade was slow on steers and moderately active on heifers and cows Slaughter steers sold steady to a narrow demand Over-finished steers were discounted 50 to Heifers fully steady to 25 higher Cows steady with good kinds scarce Bulls steady Steers Ql to 2 41 to 42 90 A3 39 50 to 40 50 Heifers Al to 2 40 25 to 42 A3 38 50 to 40 Cows Dl to 2 34 to 36 D3 32 to 33 50 D4 27 to 32 Good bulls 40 to 42 Price raised TORONTO (CP) List prices for Chrysler Canada Ltd 1974 models that go on sale today are up an average 1 per cent higher than 1973 prices General Motors of Canada announced earlier an average increase in 1974 model prices of 1 9 per cent, and Ford of Canada a 3 3 per-cent increase Chrvsler has followed the same two part formula by its competitors The company said the in- crease is made up of to cover government-ordered safety equipment plus for features that last year were optional but now are standard Hog prices EDMONTON (CP) Average prices to 11 a m to day provided by the Alberta Hog Producers Marketing Board Edmonton 58 35 Average Tuesday 5872 Red Deer 5875 Average Tuesday 5909 Calgary 58 25 Average Tuesday 5905 Lethbridge No sales Average 58 90 Total hogs sold to 11 am !7b Total hogs sold Tuesday 8 195 average 58 80 Sows average 42 80 The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal (Supplied by Doherty, McQuaig Ltd OPENING QUOTES WESTERN OILS AND MINES Albany Oils 1 09 Alta East Gas 7 65 Almmex 635 Asamera H375 Ashland 11 87V4 BP Canada 1475 Brenda Mines 7 75 Can South 5 60 Cdn Ex Gas 3 55 Cdn Hornestd 8 25 Cdn Ind Gas Oil 8 25 Cdn Long Is 16V4 Cdn Super 5500 Charter Oils 4 00 Chieftan 1225 Dome Pete 33 Dynasty 11 00 Fort Reliance 25 Gibraltar 1412% Giant Mascot 3 10 Granisle 9 50 Gt Plains Gt Cdn Oil S 8 50 Lochiel 310 Lytton Mm 210 Noble Mines 1 15 North Cdn Oil 6 60 Numac 1825 Pancdn Pete Pan Ocean Petrol 1 28 Pinnacle 23 Place Gas 57 Ponder 39 2 Ranger Oil 31 00 Scurry Ram 19 75 Seibens 1450 Spooner Total Pete 6 95 Ulster 92 West Pete 5 75 West Decalta 6 65 MISCELLANEOUS INDUSTRIES Acres Ltd Aquitame 20 37V4 BC Sugar Ptd 1425 Block Bros 2 80 Com Cap Corp 310 Cdn Brew A Pfd 25 25 Cdn Brew B Pfd 2962'r Cdn Pacific Inv 32 00 Crestbrook Ind 1350 Crowsnest Ind 27 00 Falcon Copper 1425 F and M Trust 5 50 Genstar 1700 Global Comm Unit 4400 Home A 4650 Home B 44 00 Hud Bay Co 1825 Hud Bay Oil 4650 Hud Bay A Pfd 56 50 Hugh Russell 5625 Husky Oil 2350 Husky B Pfd 42 Husky D War 8 10 Husky E War 1025 Hys of Canada 4 15 Inter Prov Pipe 8 35 Inter Prov Steel 1325 Kaiser Res 365 Loblaw C Pfd 27 12 2 Magnasonics 7 12 2 Pacific Pete 30 50 Pac West Air 1025 Pe Ben Oilfield 7 25 Rainier Inc 5 00 Royal Trust 25 50 Sandwell Teledyne West Cdn Seed Westfield Mm Weston A Pfd White Yukon PIPE LINE STOCKS Alta Gas A Alta Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro Pfd Trans Can Pipe Tr Can A Pfd Tr Can B Pfd Tr Can War WC Trans WC Trans War OPENING QUOTES CALGARY Acroll Barons Oils Nor Contm West Warn VANCOUVER MINES Af'on Atlas Explor Bath Norse Dankoe Davenport Dolly Vard Equitonal Res Lornex Primer Pyramid Silv Stand Val Cop INDUSTRIALS Colum Brew Key Indus Wardair OILS PRP Explor Pete Ponderay Explor Stamp Intl Res MUTUAL FUNDS All Cdn Com 720 All Cdn Div 7 62 All Cdn Ven 3 82 Amer Grow F 5 71 AGF Spe 3 06 Cdn Invest F 519 Col Mutual 6 06 Com Inter 1473 Com Lev 3 95 Com Venture 7 37 Corp Invest 6 26 Crop Invest Fund 5 27 Dreyfus Fund US 11 63 Gr Income 3 54 Grow Equity 7 77 Invest Grow F 12 18 Invest Mut 592 Mut Accum 6 05 Mut Grow F 382 Nat Res 516 NW Cdn 574 NW Grow 5 47 Prm Grow 4 71 Royfund 6 94 Temple Grow 8 26 Unit Accum 5 31 Univer Sav 8 01 Vanguard 6 81 562% 430 600 108 6000 11 75 6300 2025 9 62V, 1000 21 50 11 435 6400 3300 6100 3850 725 1537V4 270 70 02'2 31 875 41 70 205 45 23 20 1250 07 15 282 900 375 20 1 90 73 28 86 1 00 783 828 4 15 627 569 665 16 19 423 8 10 688 579 1275 390 854 1333 648 666 470 567 631 601 5 17 722 906 584 880 746 Toronto mines, industrials (Supplied by Richardson Securities of Canada) 41 00 1900 4962 1537 2450 21 37 2 3537 1575 975 4 20 537 850 2475 2 15 11 00 1650 390 1600 28 12 1662 34 12 7 2900 1500 4300 3900 2487 850 1400 3300 2800 862 850 6625 2850 3450 1825 525 5450 2962 2 4575 2975 3512 2262 2 2787 1825 5 12 2 525 11 00 460 5 12 1450 23 12 i 3700 5037 2 2325 2200 825 987 1075 1762 2 1400 2037 2 1975 875 1275 30 37 1525 5975 1950 1700 33 12 2 1725 950 1450 690 687 1562 1862 2200 600 320 3050 1800 3750 3700 34 50 New York (Supplied by Richardson Securities of Canada) Amr Woolworth 2287'2 Anaconda Westmghouse Elec Beth Steel 3300 US Steel 33 Chrysler 2800 Gen Tel Elec 2925 Comsat 52 87 Vi TORONTO AVERAGES Dupont 17800 20 Industrials 222 39 up 09 General Motors 20 Golds 267 43 up 14 Gulf 2450 10 Base Metals 10662 up 76 Int Harvester 33 12V4 15 Western Oils 243 59 up 29 Kenn Copper 3325 Volume 814 000 Montgomery Ward 2737VJ NEW YORK AVERAGES Sears 97 12V4 20 Industrials 942 43 up 1 88 X Ron 91 20 Rails 174 71 up 01 Texas Gulf 2712V? 15 Utilities 101 73 up 31 Texas Co 3312V? 65 Stocks 287 35 up 50 Wix Corporation 1562 2 Volume 4 920 000 OPENING Tel Trac Tel Advocate Forest Sugar Valley Ind Ind Brew Can NW Canada Cellulose 12 Power Central Cred Gas Indus Conb Marconi Com Viewers Dickenson Denison Bath D Gas Dome 62 Seagrams Discovery Bridge East Malartic East Sullivan Falconbndge 268 7700 28' Dom Textile Dom Stores Domp Pete First Mantimes Giant Y K Granduc Hollmqer Hudson Bay MSS Hydra Ex Iron Bay 855 330 4625 2725 20 365 21 Glen Mobile Grt Cdn Oil General Mot Grt Lakes Paper Gull Oil Cda Greyhound Hawker Sid ISO Joliet U Walker Huron Erie Kerr Addison Key 87 Vi Oil Imasca Nickel Lake Pipe Langis Silver Madsen R L Malartic G 1 00 Utilities Indust Accept Kaps Martin McNeely Doug A Laurentide A Nu West Homes New Athena New Calurnet 14 23 52 62 Massey Ferg McMillan Bloed Moore A B Pine Cent Placer Dev Pax 1 Corp Price Co Quebec CDA Rio Algom Roman Simpsons Sears Sherritt Canada Steep A Tek A United Mtn Pipe Upper Cin Pipe Western Carbide W House Gas Wright Oil Siscoe Mfg Yellowknife B A OPENING Cdn Seed Elec Imperial Algonn Atco Srotia Atlantic Aqn Dom ;