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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 2, 1973, Lethbridge, Alberta Bank stocks pace market advance TORONTO (CP) Prices on the Toronto slock market moved higher in moderate mid- morning trading today. The industrial index, consid- ered a major indicator of mar- ket trends, was up .57 to 224.34, golds .11 to and western oils .04 to 250.85. Base metals were down .04 to 100.99. Voiume by 11 a.m. was 000 shares compared with 000 at the same time Friday. Advances outnumbered de- clines 87 to 63, and 146 issues were unchanged. Banks, fool processing, utility and industrial mining stocks were among sectors of the mar- ket recording gains while chem- ical, paper and forest, and gen- eral manufacturing issues were lower. Trading in shares of Colum- bia Cellulose remained sus- pended after a trading halt was ordered Friday by the Van- couver and Toronto stock ex- changes "because of negotia- tions to sell the company's as- Stelco rose 2 to Bell Canada to Orlando' Realty to Husky Oil Vz to and Royal Bank to CHUM Ltd. was up to Western Really Vi to and Westeel Rosco V4 to Tara Exploration gained Vi to Pacific Copper Mines five cents to S1.95 and Noble five cents to Thompson Lun- dmark lost one cent to 29 cents and Akaitcho Yellowknife one cent to 83 cents. MONTREAL (CP) All sec- tors except papers gained in light trading on the Montreal stock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was shares, compared with shares at the same time Fri- day. Utilities advanced 1.10 to 161.92, banks 1.08 to 273.99 the composite .55 to 231.39 and in- dustrials .30 to 244.06 while pa- pers fell .43 to 121.05. On the Montreal Stock _Ex- change. Noranda Mines gained to Gulf Oil of Canada to ans La Verendrye to while Scott's Restaurants fell'% to On the Canadian Stock Ex- change, Abitibi Copper was un- changed at 22 cents on shares. of some common stocks was down .32 to 59.26 at noon. The American Stock Ex- change was lower, too. with the price-change index off .02 to 24.39 at midday. Among Canadians on the New York exchange, Mclntyre was up to Granby to Alcan to and Gebster VB to Massey-Ferguson dropped to On the American exchange, Brascan, at and Quebe- cor, at each were up Vs. Grain prices Winnipeg grain WINNIPEG (CP) All com- modities posted firm to strong- er prices in a moderate de- mand at mid-session on the Winnipeg Commodity Exchange tcday. Flax prices were up the daily maximum of 10 cents in three of four trading months, rape- seed gained three to nine cents, oats and barley were firm and rye posted marginal gains. Friday's volume of trade was bushels of flax, 000 of rapeseed and of rye. Mid-session prices: Flax: May 10 higher 4.26 %B; July 9 higher 4.22 Oct. 10 higher 4.18 %B; Nov. 10 high- er 4.10 %B. Rapeseed Vancouver: June 7 higher 3.83A; Sep. 9 high- er 3.80 Nov. 7 higher 3.61 B. Rapeseed Thunder Bay: May 5 higher 3.59A; July 7 higher 3.60 y4; Oct. 3 Vz higher 3.46; Nov. 4 higher 3.32B. Oats: May unchanged 1.15A; July Vs higher 1.10 %B; Oct. higher 1.05 %B; Dec. high- er 1.04 %B. Barley: May higher 1.50B; July higher 1.49B; Oct. Ts higher 1.48B; Dec. not open. Rye: May 1 higher 1.43 July 2 Vs higher 1.45 %B; Oct. 3 higher 1.45; Dec. 2 higher 1.40 %B. On the house When Women Against Soaring Prices (WASP) picketed a shopping centre in Toronto Saturday management of a Food City store sent out free coffee and doughnuts. The demonstration was to call attention to a planned meat boycott all this week. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCnaig Limited) LAST BID OR SALE NEW YORK (AP) The stock market continued today the selling pattern it followed last Friday, and analysts attrib- uted the decline to concern over inflation and rising interest rates. At noon the Dow-Jones aver- age of 30 industrials had dropped 4.44 points to 946.57. Declines held almost a seven to four lead over advances in lack- lustre trading on the New York Stock Exchange. The broad-based NYSE index Fishmonger launches bovcott XEW YORK (AP> House- wives are boycotting meat, but a fishmonger bovcotting fish? It happened today at Ihe pi- ant Fulton fish market in Iciver Manhattan. "I'm boycotting said Louis Kteiber of Jensen's Fish Market ir. South River, N.J. "They wanted S2.50 a pound for fiilci. Hiat's 70 cents over tdial I sell it for. I turned it and my customers win understand and accept Ihe situation." Several -wholesalers died poor fishing conditions as a major factor in the steady rise of fresh fish prices WCT the last two Livestock Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m. today totalled 200 head, practically all re- placements and cows. Trade was active. Insufficient slaughter steers or hsifers were offered to es- tablish a market: cows were mostly D3 and D4 grades sell- ing in line with Thursday's close: a few bulls were steady. D3 cows 30.50 to 31.30, D4 26 to 30.50. Good bulls 36.50 to 36.80. Replacements were feed- er steers of 800 to 900 pounds and heifers of about 800 pounds. Stock calves were mostly heifers arsuud 500 pounds. Heifers 36 So 38.90 with a few 600 pound heifers at 44. Good stock heifer calves 400 to 550 pounds 45 to 46.50. A few 300 to 400 pounds heifer calves 48.25 to 43.50. Hogs base price 40.40. a.m. Quotes) a.m. Quotes) a.m. Quotes] 17.25 WESTERN OILS Crestbrook Ind AND MINES Crovvsnest Ind 9.65 Cygnus A 6.00 Cygnus B 12.12V2 Falcon Copper 14.75 F and M Trust 16.25 Gsnsiar 5.05 Home A 4.95 Home B 4.15 Hud Bay Co 8.35 Hud Bay Oil Hud Bay A Pfd .23 Huoh Russell 52 75 Husky Oil 4.00 Husky 3 Pfd 11.571-i Husky D War 40.S7V: Husky E War Infer Prov Pipe ,40Vi Inter Prov Steel 3.45 Kaiser Res 9.75 C Pfd 34.75 Wagnasonics 8 55 Pacific Pete 3.15 PW Air 1.75 Rainier 5.00 1.50 Royal Tursf 25.75 7.20 St. Maurice Cap 1.10 17.25 Sandwell AM 15.37V2 Teledyne 4.90 West Cdn Seed 1.32 Westfield Min 1.30 .23 V.'sston A Pfd 64.25 61 White Yukon 14.25 37 PIPE LINE STOCKS 30.00 Aita Gas A 16.62'A Dan'koe' Alta Gas Pfd 74.25 Davenport 13.75 Alta Nat Gas 21.75 Dolly Varder. .52 Inland Nat Gas 11.50 Equitorial Res 7.20 N end C Gas 11.25 Lornex 1.05 N and C B Pfd 24.00 Primer (1.75 Pacific i rans Gaz Metro Gsz Metro Pfd Alta East Gas Alminex Asamera Ashland BP Canada Brenda Mines Can South Cda Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisls Gt Plains Gt Cdn Oil S Lochiel Lytton Win Noble Mines North Cdn Oil Numac Psncdn Pete Pan Ocean Petrel Pinnacle Place Gas Ponder Ranger Scurry Rain Seitens Spooner Total Pete Ulster West Pete W. Decalta i'. MISCELLANFOUS INDUSTRIES Acres Ltd 15. Aquitaine 35. BC Supar Pfd Block Bros Brinco Cdn Brew A Cdn Brew B Cdn Pacific I 8.62'A AGF Special 2.93 16 75 dn Invest F 5.28 5.79 7.75 Cmnw Inter 15.67 17.22 775 Cmnw Lev 4.09 4.49 13 62'% Cmnw Vent 8.11 8.91 Corp Invest 6.42 7.06 Corp In St F 5.45 5.98 Dreyfus F U.S. 12.09 13.25 Great Pacific 4.93 Gr In Shares 4.23 4.65 Gr Equity 8.80 9.67 Invest Gr F 12.94 14.15 Invest Mutual 6.05 6.62 Mutual AC 6.39 7.03 Mutual Gr F 4.07 4.4S Nat Res 8.18 8.94 N W Cdn 5.74 6.31 N W Gr S.46 6.00 Principal Gr 5.03 5.52 Royfund 7.07 7.36 Temp Gr 9.5510.44 United Ac 5.49 6.03 Universal Sav 8.34 9.16 6.16 6.77 7.32 8.02 22.50 48.00 46.50 21.50 43.00 7.60 9.05 10.50 14.25 3.20 29.75 14.00 33.37V4 Univesf 10.S7V2 Vanguard CALGARY BarcnS Oil North Continental Western Warner VANCOUVER MINES Afton Atlas Explor Pyramid 4.90 Silver standard 67.00 Valley Copper Trans Cda Pipe 40.62Vi INDUSTRIALS Tr Cda B Pfd 41.50 Capt Inter 75 Trans Cda VJar 9.60 Columbia Brew 35 ?7V: WC Trans 23.00 Hys Ldn 15.00 WC Trans VHs 4.90 Key Indust MUTUAL FUNDS OILS All Cdn Com 7.96 8.70 Albany Oils 27.03 Al Cdn Divid 8.59 9.36 Plains Pete 32.75 Al Cdn Vent 4.16 Stampede Intl Res 30.75 Amr Gr F 5.90 6.43 Westenr Explor .IS .04 .01 .35 8.10 .60 .84 .05 1.23 .55 .30 .21 9.30 .20 .20 .72 10.12'A 2.00 3.25 too .28 1.13 .29 .67 MVl Durum quotas announced WTNTJTPEG (CP1 The Ca- nadian wheat board announced today that, effective quotas cf five bushels an acre for Durum wheat and for Her- cules Durum will be opened in al! shipping blocks. The board a3so announced that, effective April 9, the quota of Uirec bushels an acre for all grades of wheat has been ex- tended 1o Ojc 15 shipping blocks to which Jhc quota did not pre- viously Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) r.m. ayotes) a.m. Quotttl MINES Acme Advocate Asb. Aksitcho Bralorne Broulan Bethlet-.em Brunswick Can. N.w. Land Canada Tung. Cassiar Central Chimo Conwcst Ccos. Rambler Coin LeKe Cochenour CraigmcnJ Dickenson .v.ines Denison Mines Deer Horn D'EWona Dorr" Mines DmaWa Sullivan N'rrthcale Norlcx Pine Point PlEcer Dev. P.C. Exp. Quebec Man Rsriicre P.io Algom RDrran Cc--p. S'r.crrilt Gordon Stesp Reck 7cH Corp. Tcxrnsnf Upper Canada Western V.incs V.'risjM .16 3.70 .4.75 1.73 -IS1-: .f.3 5.90 Cable Glendale 30.5C Grt Cdn Oil Gen Motors 3.75 3J.75 i 3.5? 70, J5 3.IB Grt Lakes Pp .10 Gulf Oil Cda 1.16 Greyhound .33 Hawker Sid 25.75 H-jr Erie 8.50 Hiram walker 16.75 Imp Oil 1.60 Imasca 4.30 Int Nickel .29 Int Pipe 2.80 Inv Grp A 3.00 Int Util Haroreaves i.is Ind Accept 1.07 (Caps Vi LaurenJide Yrlio-.vKnBe 3.90 Kelly Doug A Zcrrr.ac .07 Loeb INDUSTRIALS Loblaw A n.WV: Met StCT-es 97m Ferp Bioe 17.50 10.75 8.60 71.25 35.00 19.75 31.75 53.03 Firs.1 Msrilinvs Giant Y.K. Grsnduc HsU'mrer Hsdsin Say MS Hydra EY. Bcvis Iron BBC Sr.d Sucar fi-ra Ind Tc! Trac B C, Tel B.C. FETC.-t P-.r. st'rar vrl I mi Ind p 75 33.00 33.25 25JO 10.87V3 33.75 13.25 8.25 11.37VJ 8.00 A75 73.25 20.121-; 31 2? 52.51 Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. today provided by the Alberta Hog Producers Marketing Board. Edmonton: 40.85, average Friday, 40.S1. Red Deer: 40.40, average 40.91. Calgary: 40.40, average Friday, 40.92. Lethbridge: Nil, average Friday, 40.90. Total hogs sold sold Friday 1.S85. Average 40.91. Sows average 33.40. Dollar value MONTREAL (CP) U.S. dollar in terras cf Canadian funds at noon today was un- changed at 43-50. Pound sterling up 23-100 at S2.47 53-100. In New York, the Canadian dollar unchanged at ?1-00 7- 50. .Pound sterling up 23-100 at 22-25. _-. Monday, April 2, 1973 THE LETHBRIDGE HERALD 13 Emergency oil-sharing an under discussion OTTAWA CCP) Canada and other members of the Organ, ization for Economic Co-oper- ation and Development (OECD) might come to the rescue if Mildle East countries cut off the flow of oil to the United Soviets press for V.S. oil exhibition By HEDRICK SMITH New York Times (Service MOSCOW With the soviet Union looking increasingly to the United States for the tech- nology and capital to speed up development of its massive Si- berian oil and gas reserves. Moscow is pressing negotiations a huge American exhibition technology here of petroleum next fall. Oscar Katov, president of the PRM Corp., a Chicago-based public-relations concern hand- ling advance preparations, said about 100 major American com- panies had already indicated they planned to participate. These include standard oil of Indiana, Phillips Petroleum, In- ternational Harvest and Dresser Industries, said. among others, he The exhibition, to be held at Moscow's Sokolniki Park from Oct. 23-31, is expected to be the largest American trade show ever held in the Soviet Union, with the clear intention of both sides to emphasize sales. It is to be a trade show for about specialists and adminis- trators, Katov reported. The Soviet government, now putting top priority on oil and gas development in Siberia, has already given the American ex- hibitors a list of more than 100 speified types of equipment in which it is interested. The original Soviet initiative for the exhibition developed about two years well be- fore the over-all American-So- viet trade agreement was sign- ed last fall. Presumably, the White House will decide before the October exhibition whether it will go ahead with massive credits for the Siberian natural gas development in the Tyumen region. States or Japan, Energy Minis- ter Donald Macdonald indicated Sunday. He said during an interview on the CBC television program Weekend that OECD members are negotiating an oil-sharing system that would be put into effect if the Middle East oil-pro. during countries held back their oil either to force higher prices or for political reasons. "It is conceivable" that the oil cutoff could apply only to the United States or Japan, he said. The Middle East coun- tries, mostly Arab, might use oil as a means of forcing the United States to change its pro- Israel policy." Mr. Macdonald said the first concern of OECD members is to act together and share oil supplies in such a case. However, he said, any contin- gency plans should not inhibit the Canadian government in drawing up its own energy pol- icy. The minister declined to critL eke the Middle East countries for exerting pressure to get higher prices. "I don't think you can draw a moral They're as en- titled to get as good a price as Ontario else. or Alberta or anyone Prof. Leonard Waverman of the University of Toronto said on the same program that in- creases in oil prices are solely because of the oil producing countries' cartel and there is no economic reason for oil price increases. There was no actual shortage of "it is only fools who be- lieve there is an energy crisis." But Jerry McAfee, president of Gulf Oil Ltd., said costs such as the million necessary to drill a well in the Mackenzie Delta are forcing prices up for Western Canada oil. "The era of cheap energy is past and we've just got to face up to the fact that we're going to have to pay more." Prof. Waverman replied that there would be no need to drill delta wells if there was enough Middle East oil available at reasonable prices. He men- tioned federal restrictions which prevent foreign oil being used in Canada west of the Ottawa River valley. Motor vehicles major source of pollutants EDMONTON (CP) About tons of pollutants were released into the atmosphere in Edmonton during 1971, ac- cording to a report for that year tabled in the legislature. The report, tabled by Bill Yurko, minister of the environ- ment, said Calgary received tons of pollutions, ex- cluding heat and water vapor, during the same period. Motor vehicles were the ma- jor source of pollutants in both cities, the report said, contrib- uting up to 86 per cent. The report, prepared by Western Research Ltd., said It present and proposed federal and provincial controls on mo- tor vehicles and industrial em- issions are strictly enforced, air pollution can be cut by two- thirds by 1985. However, unless there are further controls, pollution will start to increase again after that time, the report states. The major difference in air pollution between the prov- ince's two major cities came from industrial sources. The report said the Edmonton total from industrial sources was 168, 000 tons, about 10 times the Calgary total. LIFE INSURANCE (Initial Amount) (20-Year Decreasing Convertible Term Insurance) IT WOULD PAY YOU TO COMPARE THIS WITH ANY OTHER TERM MONTHLY PREMIUMS (P.A.C. Plan) Age Age Age Age Age Age KEN BELSHER OCCIDENTAL LIFE of CALIFORNIA 439A HOLIDAY VILLAGE Phone 3284944, Res. 328-0994 Ro-Neet stops weeds in beets before they start The best and the low-cost way to get barnyardgrass, wild oats, redroot sure control of most grass and broadleaf. pigweed, lambsquariers, foxtails and weeds in your sugar beets is to mix Ro-Neet herbicide In the soil before planting. Or inject Ro-Neet at planting time. Ro-Neet works rain or shine because jt's.rightin the soil with the weed seeds, destroying weeds as they sprout. You don't have to gambie on rain or irrigate to make Ro-Neet work. Thinning and blocking are easier and more less expensive. Liquid Ro-Neet 7.2E is easy to apply and controls nutgrass, nightshade, many other weeds that foul your fields, reduce yields and complicate harvest. For a more profitable sugar beet crop, j get Ro-Neet now. Stauffer Chemica Company of Canada, Ltd., Montreal and Vancouver. Distributed in Canada by: Chipman Chemicals Limited Beloil, P.O., Hamilton, Winnipeg Ro-Neet from Stauffer 5. It.f, Power Corp Price Co St. Law Corp Shell COA Sin-.pswi's Simp SltEl cf Cda 27.25 9.03 12.75 19.50 53.00 33.75 Larval? MntfMrn K.L. tJV V.tT.3 1 Trans 11.50 1f..75 t. in 73.JO Grp A tn Pp Trasn Po Unim Oil OnUcd SiiCOT 39.JS 72.375 C.v.vrcn Cpr.v Bal "RETAIL FOOD MERCHANDISERS" Ai Jdmcmlon grocery field to ottjM independent in Northern Albctto. working conditions ond including company car. Appliconls considered on experience in grocery, mc-01 tuning ond prodlicc. Eccenl pholo please. end soJory expected to Mercriandising Ocport- Ticrii, Alb-ctia Grcxcrs Wholesale lid., P.O. Box rnrnfon, Mitfri -n Mcjprl Vlr. W HrrTHr MW.S rifle 1 :i in' 9 r Woodward's A Swd Ete BANKS Cdn K.75 10.50 30.25 17.75 21-tTvi 31. rn. 71.00 17 W ?6.0D Tor-Dom 1.70 31.ir.-i 35.00 3J.50 Nciv York stocks BJF Richardson JO off 15 UtiWtes 107.W off ;