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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 27, 1974, Lethbridge, Alberta Friday, SeptombW 27, 1974 THE LETHBRIDGE HERALD- 25 Largest kiln The largest kiln made in Canada is being assemble at Griffith Mines near Red Lake in Northwestern Ontario. Built to refine iron ore pellets for use in electric fur- naces, the kiln is 410 feet long, 20 feet in diameter and weighs 850 tons. Made of one-inch steel, it will rest on 112-ton steel tiers and 82-ton bearings. Officials at Dominion Bridge Ltd. who are constructing the kiln, say it is expected to be in opera- tion next spring. Moderate mid-morning trade TSE market prices mixed TORONTO (CP) Prices on the Toronto stock market were mixed in moderate mid- morning trading. The industrial index was un- changed at 156.19 while golds fell 3.32 to 339.62 and western oils .15 to 134.28. Base metals rose .06 to 66.06. Volume by lla.m. was 000 shares compared with shares at the same time Thursday. MONTREAL (CP) Prices were mixed in very light trading on the Montreal Stock Exchange today. Volume at a.m. was shares, compared with shares at the same time Thursday. While banks rose 1.53 to 215.01, in- dustrials fell 1.12 to 162.20, the com- posite .64 to 158.83, papers .11 to 100.44 and utilities .02 to 117.02. Aquitaine Ml 2 to Moore 1 to Ivaco Industries to Imperial Oil class "A" Vt to and Massey-Ferguson to Canadian Pacific Ltd. rose Vt to Bank of Nova Scotia V, to Bell Canada Vt to Pan Ocean Oil V, to and Royal Bank to Among speculative issues. Royal Agassiz Mines rose four to 75 cents after trading 2.100 shares. VANCOUVER (CP) Prices were mixed in light trading today on the Vancouver Stock Exchange. First-hour volume was shares. In the in- dustrials, Newmark was unchanged at .45 on shares. In the mines. Gran- dor was up .02 at .27 on shares. In the oils. Cop-Ex was down .02 at .18 on shares. Chicago markets CHICAGO (AP) A possibility that freezing temperatures might again move into the mid-west early brought new buying Thursday into farm com- modity futures in the United States. Soybeans rose 20 cents a bushel and soy oil 150 points Corn advanced the limit of 10 cents a bushel and oats rose the limit of six cents a bushel. Wheat gained some 12 cents, after advancing nearly the limit of 20 cents earlier. Iced broilers closed about one cent higher, although trade was light. Trade in farm commodities on the Chicago Mercantile Exchange was fairly active. Pork Bellies advanced to limits of 150 points and shell eggs gained up to about 100 points, but live cattle futures fell about per hundredweight and live hogs closed mixed. Sliver futures moved higher, gaining about 12 cents an ounce under a strong demand and lack of sellers. Cocoa and orange juice futures also rose, but copper, coffee, wool and world sugar contracts fell. Maine potatoes and cotton futures closed about steady. At the close, soybeans were up 20 cents a bushel. Nov. 8.38; Chicago wheat was to 12 higher. Dec. 4.72: Gulf wheat was not traded: com was 10 higher. Dec. 3.67'z and oats gained six cents. Dec. 1 Declines outnumbered ad- vances 85 to 81 with 119 issues unchanged. Aquitaine lost Vz to Molson A Vz to Southam A Vz to Noranda A Vz to and BP Canada to Royal Trust A gained to Walker-Gooderham A to Home Oil A to Canadian Pacific Vt to and Inco A to Market trends On the curb exchange, shares were traded Tapin was up one cent at .51 on 3.500 shares. Prices were mixed Thursday in light trading. At the close volume was 037 shares. In the industrials, EDP Industries was down 01 at .08 on Canterra was up .02 at .19 on Block Brothers was up .03 at on B.C. Telephone rights were off .06 at .45 on Key Industries was un- changed at .09 and International Hydro Development was unchanged at .40. In the mines, Grandora was up .01 at 25 on Carolin was up .09 at on 30.700. Sonesta A was .unchanged at 05 on Exeter was up .01 at .17 on 25.000. Sonesta was down .01 at .18 and Bathurst was down .01 at .69. In the oils, Stampede was unchanged at .50 on 10.000 Payette was unchang- ed at .18 on Cop-Ex was up .01 at .20 on Seneca was down .02 at .71 on 5.500. Rand A was unchanged at .61 and Alaska was unchanged at Afton Mines dropped 30 cents to Advocate Mines 25 cents to and Camflo lk to Hudson Bay Mining A was up to and East Malartic 10 cents to Total Pete fell Vs to and American Eagle Pete five cents to 60 cents. Pan Ocean rose to United Canso VB to and Sunningdale five cents to Curb volume was shares. Welland was unchanged at .28 on Tapin was unchanged at .50 on Tampico was up .10 at .20 on Lou-Mex was unchanged at .34 on Diana was up .01 at .15 and Brent was unchanged at .30. NEW YORK (AP) The stock market weakened in light trading to- day as another rally attempt misfired. The noon Dow Jones average of 30 in- dustrials was down 6.49 at 631.49, and losers outnumbered gainers by 5 to 4 on the New York Stock Exchange. The Dow rose about 3 points at the outset, then quickly turned downward again and resumed its week-long slide amid pessimism over inflation and market prospects. On the American Stock Exchange, the market value index was down .21 at 6471 Among Canadian issues on the NYSE. Alcan Aluminium was up Vt to Canadian Pacific Vt to and International Nickel M> to Livestock Calgary CALGARY (CP) Receipts to 11 a.m. Friday from the Calgary public stockyards totalled about 675 head, with the total about equally divided between slaughter cattle and replacements. Slaughter cattle consisted mainly of cows with trade active, while slaughter steers were scarce. There were no slaughter heifers on offer while Dl. and D2 cows were un- evenly steady to 50 cents lower. Other grades were steady. Steers. Al. A2 47 to 48.40. A3 45.50 to 47. Cows Di. 02 24 to 26. 03 22.50 to 24. D4 17 to 22. Feeder cattle met a good demand at steady to strong prices. There were in- sufficient stock calves sold to 11 a.m. to establish a market. Feeder steers over 750 pounds 33 to 39.70. feeder steers under 750 pounds 31 to 39.80. feeder heifers over 551 pounds 27 to 35.60. Hogs base price 55.45 to 55.85. Feed prices WINNIPEG