Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 4, 1973, Winnipeg, Manitoba Winnipeg free press Friday May 4, 1973 55 Toronto ims . Stocks distribute by up Toronto Stock 4 quotations in cents unless marked 5. A add Loti rights net change is Iron previous Board lot closing Sale. Industrials Slock salts High Low . Cit it con tax tic Soo 465 5 con of str b125 126 15 cons Gas 3995 16 100 Cronin p corp food Costa r Costin r w Crain r l Crest Bra Crown life Crown test into 4100 335 3500 280 275 900 440 200 350 350 345 to 280 i 5 5 a Hub 350 300 11% 11% net i Salei High Low . Chi d Abl Libi a lands acres lid acres it ahead m Alta Gas a Alcan Alcan Pralgo cent Algoma St Algon Algona or Alpa ind Almin Pandres w Anglo in Anu Stalne arts 550 p Argus c or Asbestos atop ind my. Sug All Sug Auto hard bad boy Bank Mil Bank n s b can Nat Baths p Baton b Becker b p belong w Dalmy a Dawson d Distl sea Doman i dome Pete Donasco _ Dom store Dom tar a c 8000 slut i i to 123.1 i a 310 s16 16 is t 1300 300 300 300 Iso 235 335 235 to 1470 si4v1 14vi Mia i 8446 s27v1 273. J d textile 5715 s27v 273. 27% 15 516 6 5112 s171i 17vi z20 440 460 460 z48 430 430 430 too s12 a i2 a 12 a 120 536s4 2160 s36vi 34 36 825 s8 a i a 966 5233. 23 a 23% 100 53434 vol 615 12v. Vib z39 s16v8 16 16 150 Sll a 13025 t i 500 140 140 140 415 i a Sii a ii1 250 s18 in 18 i 7648 Sibyl 18v v i 105 35 35 2500 517v 17% "4 200 a 12v b 700 s8 a b a 300 130 130 130 in lexus Dover ind Dupont dust one Dalex l a est can s Eddy Mich Al Fin w electro Ltd Clos stors Emco Erie d Erie d a Fairview Falcon farm Mer fed diver 7800 so 2500 s63 6 750 s27 27 400 Smi 13ii l 200 Sio a 10 a 10h 670 s4vi 4vi v. 1375 393.1 i 1505 la a Lia i 1000 37v4 37vi Al 3418 527 150 9352 20 775 s8vi 3 i 27 13va 267i 20v. Toronto Stock quotations Bomar a bomb Der bowls Cor Bow Valv Bow Mpr by can Brazlor res Bra Malea Brascon bldg tank by Forest by pack b by sugar a Mph p Budd a Burns ads Bushnell cae ind Calgary p Calvert die Campeau can Cem l Cis malt t can Perm can brew c cables c Cable w cd Man a c Curtis can Futy c found or age or c Hyde i Bell b or 1090 so a Block Bros 500 285 125 385 385 "385 s 200 250 250 5 1170 532 v 110 s3w 35v 4475 si5v4 700 235 235 1600 ski 5v4 it i 3100 57 7 190 17v 3 25 534 34 34 to 75 7 Viva 420 970 950 1-20 250 Sib i zoo 510v4 103 4 1075 517 12 1 1100 Solovi 10v4 a s Al n i 275 300 59% 9va a 280 557 563a 57 Ion 98 900 Iwa i 7 8 v. 25 20vi 20vi 505 29 29 4150 7vi 518 100 193.4 193-i v4 200 519 19 100 385 385 385 1125 516v v j 1200 s18v 18 Bivi 640 5 a 100 s9v 9v 100 425 425 425 2100 si7v, 17v4 i "4 2348 75 i 300 s7vi 73. 7v i 1400 94 94 fed ind Ltd 100 56v. Fed Pion 460 23vj z40 100 Sis 15 3300 s8 8 8 v4 590 5101 99vi 2 z130 900 10v Lovi 200 11v 100 3 3 Gen disturb 1275 531v 31v i a Gumc 201 574 74 74 t 1660 514v. 16v 16v 150 475 475 975 Lovi 10v i 9515 190 190 190 100 335 335 335 5 z5 zoo 38vb 1100 538 37 300 522 22 22 200 2914 vib 670 570 70 1100 s4va 4 vib 200 270 220 220 Slock sails Hish Low . Cage Laballe or 1300 s27vl 27vi i i Lacroix i 200 54 4 6 Laidlaw w 520 13v 13vi Lont Cem 2750 375 370 375 us Lau Fin 815 i23 4 123.4 Lau f 1.25 115 s16v4 16 a Lau in 140 275 s19v4 19 a Lau f 2.00 50 s26 24 l j a 100 519 19 Leigh inst 1400 leons frn 900 514 14 Levy a or 1495 s7tb 7 Lile invest 1625 sbv4 7j.i Lile inv w 24co 95 85 lob co a 115 s6 i 4% lob co b 1600 lob co or 100 s31v. 31 a lob g apr 125 s1s .4 h i to Groc 1255110 110 110 Scot York scrolls Seaway or Seco Cem Selkirk a Shaw pipe a Shell can 24 i Strully s 19 silvered a 83i Fli Simpsons 14 i Simpson s 7v. I Sklar m 8v, Sklar w 95 i Skyline h 4v, i Slaler 511 Slaler 4 or Stock sales High Low . Chose Stock 2100 390 385 390 i in inc re 425 59v 9% Al Captain 1500 56 s16 t Cassiar 230 Solovi Lovi Lovi Comly Chib a sales Low . Chi 11500 35 33 1000 5 5 5 300 so let Eva 105 15vl i 100 Sio a 10 a chemo 1457 554 54 a Coch will 730 290 290 290 co. Mel 200 Dur Jiam 3j94 3p.8 j c Marben 1833 13vs 133.4 c Morin 2360 sett a con nexus 400 650 650 450 Conwell 800 56v8 6 6 a i vib i cop Fields 100 a or algal 400 516vj i4v1 4vj 24000 33357 15 500 135 500 103 10500 23 5000 40 500 134 2100 203 5000 4vj 220 660 1400 150 650 440 390 390 14 135 103 23 40 134 202 1 4v 450 150 5 3 1 i 1 2 Seal w can 2400 s14va Stock Tex sol to Bill Trioa mining Keno u min dam Siscon Upp can Wesl mine Sci liitle a Hilborne Wilco Willroy win eld or Harg Yak Bear 2 f City Fin Al cell d food cd s Ford Coda f seasons f sea a or Fruehauf Gen Star l Goslar l w Glendale Glen Gale gling b p Gold Crest god ear p Grant g go paper go Power it w Lite it West s g West it Green a l Grey and c Gow cd a so cd b guar test Gulf can Halifax d Hansbro c h group 140 470 5 2475 55 210 s16si 500 355 100 525 400 80 z20 515 ii Sll a 75 530 608 c Imp Bank 1400 c ind Gas 900 so a 15 5 80 15 cil c in curb p 30 30 10 Lovi 3ivi b a 10v lid 370 r a Oriental up inv prep inc w up lid Cpl a p cup s3. Or can tire can tire a c unties c util 5 or c Iii t 200 170 170 300 i vib 75 514 14 15 100 vib 100 in 7v. A 200 300 295 -295 5 1200 a 75 562 62 67 25 511 83 83 3000 s107 a i vib Deer Horn d Eldona Delhi Pac Denison Dicknson disc ovary dome dynasty East Mai Falcon c fort relic Frobey get Mast Gibraltar Goldray Green pal High Mont Hollinger mods Bay int Mogul 1000 888 500 43 43 43 b50 7vi 7v 2 249 532 313a w 400 355 350 350 600 125 125 125 2 420 588 88 v 5200 930 915 930 1000 265 260 265 1032 13 a 13v4 1500 33 33 33 i 4018 25 25 25 2100 320 305 320 1600 511v la a v b 1783 40 40 2000 9 9 9-1-1 1000 125 125 125 z35 45v j5v3 1285 22v v 465 i sales High Low . Csc 2000 42 41 41 2200 83 83 83 z400 45vi 45vi 45v 500 27vl 27v3 1 1100 495 495 495 120 131 795 810 290 290 13 325 14 111 325 5 200 140 19612 825 1000 290 900 300 500 120 260 325 2000 14 750 114 3000 7vi 7vi 7vi 200 171 121 121 4 300 385 385 385 higher Oyster output expected oils Slock site i High Low . Cage a l Robaska z200 30 30 19200 113 111 113 1 4120 660 625 650 am Leduc 2000 5v 5vi so a Albany i Rel Rynex Triec cup tru Wall Ullmer Unican s Unicorn f in car bid in Gas Union Oil Der Van Ness Ven Cap Ven Power versatile a Vic g to Ajax walk go Sci can Welita of a Seburne coast it Bur a p w pet a p coast w and n a quasar p 950 517 a 17 Samera 5085 10 c a ctr or 800 215 215 c nor West 3500 650 445 is Pele 6300 395 385 is Pele w 1500 84 81 c Bonanza 1700 200 199 2900 370 2200 730 Jon Smith Soutel Kerr add Kirk min it mining lab min lost River Lytton m Madsen Madeline Malartic Man bar Martin Matal Matt gel me Intyre Mentor Moneta p rolex Multi i new Cal n Goldvug n clue Ragl nub mine n Senaldi Noble m a Calliga n Rock Al 39 12v8- a ii v 515 170 95 425 108 57 -1 i 2 10 4 1000 Xvi 8vi 1000 39 39 1700 9000 by 8 500 11 11 210 545 45 1100 515 1000 172 9600 102 1058 430 1200 10b 3000 60 2000 34 10200 Hal Xvi Al 250 535% 35% 35% 19 6 s57 55% 54v, 2400 93 90 3000 48 48 3000 46 45vi 2500 42v 42 1000 26 26 8000 16vi 16vi 14v i 200 585 585 4200 270 265 2920 7vi 7vi 7vi i c sex Gas c Home std can sup 0 Candel Oil chieftain d Larcan lose a r 3ecca r Zancana it coils is Louston 0 enter tech Lochiel 500 135 3855 6jo 700 45 135 600 10 215 445 390 4 199 Charlottetown up the Prince Edward Island i s h e r i e s department expects Oyster production from its famed Bede que Bay to increase sharply by 1977 As a result of a major relocation and dredging of oysters which begins in june. A vessel now under construction will mine and spread thou Sands of boxes of oysters and shells before october when this year s Slage of the project ends. Robert Campbell minister of fisheries says the program should increase Oyster production in by due Bay to boxes by 1977 from its present annual yield of about this increase is significant when one considers that Bode nue Bay now produces More than one half of the in lira pro 370 710 350 50v, 50v Iso Shiv 11v, 11v 3450 156 400 1200 370 200 545 2025 990 120 850 Moo 325 103a 11 600 600 360 370 545 i 10 Merland e mid con Montrey a Nat Pete no oils no had sumac 230 55 2 975 850 850 310 325 10011 31v 31v 31v 6300 249 245 245 m z 900 231 230 82 55 45 725 725 30 30 15vl v. 170 195 Hlll s13vi 13 13 a i 100 1354 2200 465 450 465 4 1 0 z 230 5 i w a recast vib w can seed 8sb in realty 103-1 jew really w u Weston Waln 4vjp to vib Watn 6pr we Nook a Obrien orc an Osysko Pac Coper amour pan Cenor Patino n v pick Crow Pine Point Prado exp Placer Preston 8520 45 515 1000 11 3500 153 2300 515 4251 290 103 522 7315 2b 370 537 1500 45 510 22 151 505 290 22 28 32 145 4000 83 500 55 7600 50 200 725 12000 30 2700 516 Oakwood p 2800 195 pan Ocean pan can p Peylo oils ranger1" 2200 Tsvi Scurry in -1100 516, 16v. V Siebens 1050 512% 12, 12, v. Efcy. R i non 350 360 Sog pet 2200 129 .125 125 sooner 1725 51 so 51 Swindale 0 4300 725 700 715 total pet 850 685 475 475 i to can res 5848 135 120 135 ill ran50 4500 705 670 705 Ulster pet 6050 96 95 95 voyager p z50 565 565 545 weco Rev 500 185 185 ibs w Denalta 4300 535 525 535 Boeing sales top billion 2405 s56v 55 55v i in Wiley Oil Trail unlit Vrock Price com 785 si53a is i 1531-i v4 prov b can zoo s16v. 6va 16vb 600 Sio a to i rapid d 20025 s10v vib really c a 300 s6v4 6 a vib really c w 100 300 300 300 i 5 Redpath i 9600 26 24 Al Reed s 14700 Sll a 11 Reichhold 100 si5v is 100 i j4 j 2co 11v 2060 390 390 300 522 22 22 mines Rellman Citman a r Little Ronald Fth Cui Rothman Roth 2p Royal Bank roys Tref rime i a Russ h p St Cem a Alnico e 4803 450 aka Ilcho 500 115 in i Aldona 711 3o run 5300 131 r Ang u Dev 4000 194 armore 12500 Avoca m Bank no Bales High Low . A c 435 450 113 34 34 131 750 5i4 a 14v4 14v4 1750 s18v4 ii 2500 s36 350 s25 big Nama Rameda 34 Brenda m Brunsk 12va 14.16 12 100 548 48 4b 7 100 549 49 is Maurice 6900 110 110 110 Schneid b p 100 515 a 15 a Sciny Rex 200 ibs 185 ibs Cam mine Call Cam cab Camp re c Tung can Arrow 1000 65 2100 665 783 Suvi 1000 in 2500 78 725 595 3100 450 4qoo 16 22750 705 1225 465 100 554 5100 10co 20 130 192 10 10 i 85 f5 650 650 14v 3 v 1721 1000 180 q mat Liml 4500 44 17619 275 750 122 50p 22 2000 50 2934 524 10co 755 7000 8 7500 15 42 Iso 3 10 2 s primary distribution the shares of the following co Nanlee May be considered As being in primary distribution through the facilities of the Exchange pursuant to a Sale men of material fact e previously i Isuzu Liares. Reeves Rio Algol roman Ryan or St fallen satellite Sterritt Sigma Steep r Sulli Dii Sunburst e Tara tars it Teck Cor a 77.1 127 122 11 22 m 50 25v4 96 755 755 7 15 i 15 a 5500 9v i Al 1737 516va 16vi 16vi or 300 514v 14v 300 275 266 266 1 2550 23v 23vi 23vi v 2550 516v 16 a a 15830 ii 10v4 Lovi i 940 365 355 365 5 Cor g 33 325 325 Tex Ore 110co 15 Nook Dollar Montreal up . Dollar in terms of Canadian funds at noon Friday was up 1-50 at 3-10. Pound Sterling up at 4-fi. In new. York the Canadian Dollar was Down 1-50 at 7-10. Pound Sterling 1-10 at _ i i -20. Seattle. A the Boeing co. Reported a projection of aerospace sales for 1073 in excess of s3 Bil lion. The annual meeting heard from chairman t. A. Evil Lia Ras about sales of and net Ings of for the first Quarter of 1973. The amounted to 49 cents a share and 1.7 per cent of sales. Comparable figures for the same Quarter of 1972 were and or 41 cents per share and 1.2 per cent of sales. Or. Wilson said reduced commercial aircraft Deli veries Cut Back the 1972 Fig ures but in projection he forecast 1973 sales to by listed As million on sales of billion. Boeing has unfilled orders of billion As of March 31 this year compared with billion at the end of 1972. A quarterly dividend of 10 a cols per share was declared by the Board pay Able june 11 to stockholders of record May 10." Duclion of Prince Edward is and and one third of the Ventu e production of the maritime prov the minister says. Clyde Mackenzie the depart ment s Oyster consultant predicts the program will raise the average individual Harvest of about two boxes a Day to three boxes a Day when the oysters reach marketable size in 1977. He says the program should also add More Oyster Raen to Tho 180 now working the Bay. The catamaran now under construction a i Georgetown consisting of two Scallop boats joined to form a platform and equipped Wilh mass booms and drags is expected to mine boxes of Oyster shells ram the Channel Bank beside ionian Ivy Miles rom the Oysler grounds. The to productive areas in the upper w i 1 m o t and Dunk rivals will be prepared for re location of the shells. Live oysters will be cleared rom two five acre plots in each rive r and redistributed to nearby plots to avoid casualties among live oysters from the re located shells. The shells will be placed in four cleared plots and ill the fall the relocated shells will be dragged from the plots and moved to the outer so Lions of the two productive Oyster Beds. The entire process will involve about 05 acres of the Bay. I 1 -i-10 -1-20 Vij 1-15 Jones my comment n in Stock Market analysts say Strong gains of the past two sessions look encouraging but add that it s hard to cell whether the Market has in gun a meaningful and Vance. The Jones Industrial average has advanced a total of 24.46 Points in the past iwo Days. Thursday in effect it jumped about 20 Points from its Low for the Day. After the Market Reco Vered its Early loss and the Industrial average began to Advance trading picked up considerably Wilh the nose tape running late for sever Al minutes. R a r 1 y Selling thursday was ascribed to dissatisfaction among some Ivos l o r s that the president did t go farther in his lightening of phase 3 eco nomic controls in the and Jhk Leonls announced alter the Stock Market closing on wednesday. But Selling ran ils course Afler the first hour trading slackened and some More satisfied investors began to buy. Some buying interest was attributed also to the government report of a significant cutback in the Advance of wholesale prices in april. The month s gain was 12 per cent compared with a surge of 27.0 per cent ill the previous month. The food Price spiral slowed abruptly although Industrial prices showed their sharpest gain in 22 years. Brokers say investors May find i riday s Stock Market news background mixed. A private Survey of Busi Ness plans for investment a n d equipment spending shows an expected spectacular increase this year. But a spurt in the interest rate b a 11 k s pay for bendable Uii ius Mone reportedly has raised pressure for a new Rise in the Bank prime Rale. The prime rate now stands at a per cent for major corporations. The re ports say it May soon go to 7 per cent. First National City Bank will review float ing Rale Structure Friday and analysts say a decision to go to 7 per cent could Lead a Rise throughout Tho banking Industry. Brokers say rising interest rates have recently been a mar k c t depressant primarily because th6y raise the Cost of doing business. Oil shale tapped As demand grows by Hobert a. Rosenblatt los Angeles special tons America s Raven Ous App Clile for Energy is making it worthwhile for in Lii so to Oil from layers of Rock in the Rocky Mountain Region and to manufacture heating and cooking Gas from Coal. The technology consists of modern improvements on older ideas. But what s re ally new is the economics of the situation supplies of Oil and Gas Are dwindling and demand is rising. Therefore prices climb rap idly. What was once consid ered an expensive Hare brained scheme becomes to Morrow s hard headed project. Prices Are rising fast enough for the Energy in High Hemline Are As important As High finance for women employee at a Toronto Dominion Bank Branch at King and Bay Strotti in Toronto. And if Jill puts her Down about Ikirt lengths the l not Likely to get her toe in the door Bec auit mini is the Mode of dress. By order of the management Dusley s budget makers to justify pulverizing a ton of shale Rock to get 35 Gallons of crude Oil. It also be comes economic to heat huge heaps of Coal with Rivers of water to generate methane a form of what users have Long known As natural Gas. While the Price Gap is closing the new sources of Energy arc appealing for another reason sheer Abun dance. The Western United Stales has huge Coal depos its. Even More important the world s largest reserves of Oil shale arc found in the Green River formation which covers parts of co Lorado Utah and Wyoming. The taping of these Energy sources is inevitable Atlantic Richfield co., los Angeles operates an Oil shale development project into which several firms have poured a Tola of million. Uncur lain lies of govern Cal Energy policies and the risks of building a million Plant thai can be used for nothing but processing shale have thus far delayed an absolute commitment to cons Duclion of a full sized Plant. But there Are 83 billion barrels of Oil recoverable from the shale using cur rent technology and a potential of 600 billion barrels. These figures Dwarf the present . Oil reserves of 47 billion barrels making exploitation of shale Only a matter of Lime. Pacific lighting corp., los Angeles and Texas Eastern transmission corp., Houston have asked Federal approval to build a million Coal a Sif cation facility in new Mexico. Pacific lighting is the Parent firm of Southern California Gas co., which serves three million Orcsi d c n t i a 1 and commercial customers the revival of interest in Coal Gasi fiction and Oil shale builds on a Long history of activity in in ill Fields. Oil shale is a Sci Mcnary Rock ranging in color from Ian Loblack and con awning a material called Krogen. When heat is applied the Krogen is distil cd Inlo shale Oil a close Rel alive of conventional crude Oil. Then a refinery technique called hydrogenation is used to up Grade the shale Oil making in a suitable raw material for conversion into gasoline fuel Oil or other Petroleum products. Shale Oil was produced As Long ago a 1850 in Large out door ovens. Crushed shale was healed in the ovens producing shale Oil. Equip improved tremendously but the Basic approach is the same crush inc shale Rock heal in and Lei inc resulting Vapours condense into inc liquid shale Oil. Although a Verona knew there were billions of barrels of Oil locked in shale Hills in Colorado and other Stales inc Oil Industry made few efforts to develop this huge resource. Shale processing plans would be too costly said Oil company executives the technology on a Large scale was Uncur lain and besides there were abundant sources of Oil elsewhere. Critics of the Petroleum Industry maintained Oil companies were Cool to the idea of developing shale Oil because the huge volumes of shale Oil if produced and marketed could conceivably wreck the Price Struc lure of the Oil business and Send corporals profits plunging. Also the critics claimed oilmen were somewhat uncomfortable in the unfamiliar technology of shale Oil operations. Shale is taken from the Earth through a mining process. It is then pulverized. By contrast crude Oil is pumped from the Earth Afler the familiar deep Well drilling operation. Now As demand for Petroleum soars and supplies within the United states i the Petroleum Industry is moving rapidly to Ward commercial production of shale Oil. 1 a n t i c Tichfield has been operating a shale re search project in Colorado on behalf of itself the shale Oil corp., los an Geles Standard Oil co. Of Ohio Cleveland and the Iron co., Cleveland. Atlantic i Tichfield is now doing risk analyses of the construction Anil operating costs of shale processing facility. The analysis should be completed by the end of 1973 it will to weighed Wilh other considerations the Price of products government controls on prices the level of Oil imports and government Energy policies before a decision is made to commit construction funds. Coal Sale to . Predicted Toronto up Mclntyre Porcupine mines Ltd. Of Toron to expects very shortly to announce a Coal Sale to a group of i steel companies in the Eastern United Stales says k. R. Ful Itol. President. Lie told the annual in Setinc Here that agreement on a quoted Price has been reached in the negotiations while ship ment quantities have not yet been established. The . Sale priv is higher i than Price recently negotiated under a new contract with a consortium of japanese steel n i 11 s for the Wherta Coal shipped from the West coast. Or. Fulton also disclosed that the company has been Guaran teed a rail transportation Cost of s j.80 a Short ton to ship from the Alberta mine to Thunder Bay out., great lakes ship Ping. Earlier this month Mclntyre signed a new two year sales contract with its japanese customers for Coal from its Smoky Kiver alia., mine. The contract Calls for sales of 1.25 million Long tons of Coal during the first year at a ton. With Smoky Hiver output at around 1.5 million Long tons a year sales to other than Japan i a buyers Uulu Roach about 2m.ooo tons annually. With . Coal producers fac ing increased costs Mclyn Lyric s Low volatility metallurgical Coal will find a widening a cup 11 a n c e in the world s steel i record profits reported Vancouver c p Scott paper limited reported record sales and profits in the first Quarter of 1973. The new Westminster based company said net in come Rose to or 7.1 cents a share from the pre Vious High of or 70 cents a share in the corresponding period last year. Sales climbed to Mil lion from million. Despite the increased vol ump of business higher material prices and operating costs Are Likely to result in Price increases on some product lines in the second a. F. Armstrong chairman told the com Pany s annual meeting. As reported earlier saw record profile of million on record sales of million up 6 and 12. Per cent respectively from. 1071. Balco earnings increase Vancouver c p Balco industries and subsidiary companies re port c d net earnings of or a share in 1972 compared Loir. Co a cols a share company president a. H. Balison said Gross income for the year was Mil lion Aboul half of which came from the parcel com Pany and the other half from the subsidiaries. A Mccanl dividend was paid in 1972. There was no dividend in 1071 ;