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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 5, 1974, Lethbridge, Alberta HMAIA-f? Cartoon winner The National Newspaper award winner for cartoons in 1973 was John Collins ot the Montreal Gazette for his interpretation of the oil crisis, published Dec. 3. Farmer wheat, barley payments start Monday OTTAWA (CP) Payments to wheat and barley farmers will start going oufo Monday and will total more w than million, wheat' minister Otto Lang said today The payments constitute an increase in the initial price paid to Prairie grain growers at the start of the crop year beginning Aug 1 Mailing will be by the Cana- dian wheat board from its Gov't unaware of 'Pass freight rates, review Herald Ottawa Bureau OTTAWA Transport Minister Jean Marchand said Wednesday he was not aware of any review of the Crow's Nest Pass rates being Cardston bull sold for A Montana ranch for a Southern Alberta bull at the 1974 Spring Hereford Bull Sale at the Exhibition Pavilion Thursday. Martin Brothers Ranch of Florence, Mont., paid the top price for a bull owned by Ray Powlesland of Cardston The sale netted a total of from 151 an average price of The Grand Champion Hereford bull, judged Wednesday night, was sold by Nick Donick of Taber to Gordon Howg of Lomond for The reserve Grand Champion bull was sold by Radke Hereford Ranch of Medicine Hat to Jerry Kubik of Wrentham for under way in government circles He was questioned by John Diefenbaker Al- bert) who said recent press reports indicated such a review was in progress. "Not to my said the minister. "Well does Joe know anything about asked Opposition Leader Robert Stanfield, referring to Joe Guay, parliamentary secretary to the minister of transport. Mr. Guay is the Liberal member for St. Boniface Speaker Lucien Lamoureux said it was not in order to seek confirmation of press reports in the Commons. "Well when the government does not know what is going on in its own department some- times it is helpful to have an opposition member draw attention to the said Mr. Diefenbaker. He asked Mr. Marchand if he would get in touch with Canadian National Railways to ensure that railway tracks are opened up where they are now snow blocked on the prairies. Mr. Marchand said he would be meeting Wednesday with CNR President N. J. MacMillan and would impress on the railway president the need to get the tracks cleared as soon as possible. Winnipeg office, said a news release from the office of Otto Lang, minister responsible for the board. It should be con- cluded April 26. Increases in the initial price of and and barley were announced in February as a result of the un- usually-high prices prevailing m international markets. The increase took effect March 1 and for bread wheat were 50 a bushel for all grades, plus for durum wheat and 75 cents for all barley grades. Farmers as usual can also look forward to a final payment from the wheat board to settle up sales of wheat, oats and barley for the year ending July 31. That payment will be unusu- ally high as an- other a bushel for wheat It is calculated after the board has added revenues from all sales up to Aug. 1. The Lang statement also said that the initial prices to growers next Aug. 1 will revert to the old levels of for topgrade wheat, bread and durum But the initial price for barley will be raised 15 cents to 65 a bushel Plan meet on rail car problems REGINA (CP) A national conference on the problem of supplying rail cars for grain movement will be held April 10, Transport Minister Jean Marchand says in a telegram to Premier Allan Blakeney. The conference is to include representatives of the federal government, railways and shippers. Mr. Marchand did not elaborate in the telegram, which was read to the legislature yesterday. Grain experts optimistic Hairstyling on wheat supply outlook ROME (Reuter) Grain experts from 43 countries came out Thursday with optimistic forecasts on this year's wheat supplies and reported favorable conditions for increasing currently low stocks. The UN Food and Agriculture Organization (FAO) said that a three-day session of its inter- governmental group on grains GP Air buys two trijets VANCOUVER (CP) CP Air has ordered two 727 trijets from the Boeing Co. of Seattle. The 132-passenger planes will cost million with spare parts and will be delivered in March and April the Vancouver-based airline said today. had found "a recent improvement in supplies due- to excellent Southern Hemisphere crops which, together with promising production prospects m the Northern Hemisphere, caused a marked decline in export prices from their record levels reached last February." The experts said that if actual grain harvests correspond to present prospects, a partial replenishment of stocks would be likely. This would be the case particularly if the Soviet Union resumed its usual iple of a major wheat exporter, they said. A report issued after the meeting said: "In view of the continuing strong demand and the extremely low level of stocks, world production will need to show a further substantial rise in 1974 to meet requirements." premises renovated Stereo music in dryer heads, private and semi- private rooms where your hair is done or cut and wall to wall carpeting are all recent renovations at Viking International Hairstyling, 218 5th St. S. Viking has tripled the space of its old shop which just catered to men and added a women's salon at a cost of Revenue up EDMONTON (CP) Alberta Power Ltd. has reported electric energy sales revenue for 1973 of up 13-per-cent from 1972. Operating expenses, including taxes and depreciation, were up to and net earnings declined from the 1972 figure of The Herald- Business Stocks Miscellaneous Vancouver, Calgary, Montreal WESTERN 4.60 AND 7.46 Afton Cdn SMd 3.M Albany Oil Mk) 1.34 Atta A Ptd 58.00 Yukon 8.8714 STOCKS Ashland Qas Trk A 12.2S BP Gas Trk Pld 83.25 Brenda Nat 19.29 Cda Metro C-50 Cdn Ex Gas Cdn Metro A Pld 84.00 Inland Nat Gas 10.00 Cdn Ind Gas and C Gas 11.25 Cdn Long and C B Pld 21.50 Cdn Trans 10.75 Ctiieftan Pipe 32.6214 Dome A Pld 60.62% B Pfd 37 00 Fort Pipe War Giant Trans 22.6214 Gibraltar Trans War 3.50 Gt Gt Cdn Oil .55 Lochiel Oils .09 Lytton Continental 02 Noble Warner 40 North Cdn Numac Oil Pancdn Explorations .33 Pan Norsemmes 1.49 3.15 80 Place Varden 39 Res 15 Ranger 8.85 Scurry Mines 3.55 .08 .13 Total Standard 268 Ulster Copper 800 United West Brewing 2 70 West Industries .16 1.90 Petroleum _44 Acres Pete 23 Aquitame BC Sugar C Explorations 1 00 Stampede Int'l. Res 79 Block FUNDS Cdn Pac Inv A Cdn. Compound 6.30 685 Carlmg O'Keete A Cdn Dividend 6.11 719 Carlmg O'Keefe B Cdn Ventures 337 3.66 Com Cap Growth Fund 4 55 5 00 Crestbrook G F Special 2 36 Crowsnest Invest Fund 4 95 S 42 Falcon Mutual 508 558 F and M Trust inter. 13.60 Leverage 3.21 Home Venture 596 Home Investors 631 693 Hud Bay Invest Stk Fund 477 5 24 Hud Bay Fund U.S 1035 11.34 Hud Bay A Pacific 460 5.03 Hugh Russell C Income Shares 3 01 331 Husky Equity 742 8.15 Husky Oil 6 Growth Fund 12 02 13 14 Husky D Mutual 5 75 6 28 Husky E Accum 615 6 77 Interprov Pipe Growth Fund 306 336 Inter Resources 487 535 Kaiser Cdn. 545 5.99 Kaiser Res W Growth 4 58 5 03 Loblaw C Growth 4 47 4 91 Mutual 7 38 8 07 Pacific 6 86 714 Pac West Growth 7 74 8 48 Pe-Ben Oilfield Accum 450 4.95 Rainier Inc Savings 799 8.80 Royal 5 74 6 31 5 88 6 44 Toronto mines, industrials (Supplied by Richardson Securities of Canada) MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can NW Land Canada Tung Cassiar Central Pat Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbndge Frobex First Marltimes Giant Y K Granduc Hollmger Hudson Bay Hydra Ex. Iron Bay ISO Johet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R L Malartic G F Martin McNeely Maclntyre Meta Miclnrn Intern Mogul Nu West Homes New Athona New Calumet Noranda Northgate Norlex Pine Point Placer Dev Pax Exp Quebec Man Rayrock Radiore Rio Algom Roman Corp Sherritt Gordon Steep Rock Sunningdale Tek Corp A Texmont United Canso Western Mines WH Copper Mines Wright Hargreaves Willroy Windfall Yellowknife Bear Zenmac INDUSTRIALS AbitiDi Alcan Aigorna Steel Atco Ind Jannock Agra Ind Bell Tel A Tel 1 Forest Sugar A Valley Ind Ind 1 Cellulose Power Credit 9.87 Gas Pfd Ind Marconi Vickers Bathurst Gas Seagrams 45 Bridge Domtar Textile Store Pete 5925 Glen Mobile 67 Cdn Oil Motors 285 Lakes Paper Gulf Oil Sid 1 Walker 1 Erie Oil Nickel Pipe Grp A Int'l Accept 52 Douglas A Laurentide A 9.25 11 Massey Ferg Bloed 35 49 Corp Molsons A B 35.37 Cent 22.00 1 Corp Price Co 24 1 33 CDA 31.75 Simp Sears of Can irk A Grp A 25 Mrn Pipe Trans Can Pipe Qas Oil Siscoe Mfg 09 A Cdn Seed Ettc Imperial Scotia 43.62% Tor Dom 775 14.50 1950 21 00 2800 14.1214 10.25 575 650 2300 230 18.75 3.50 1700 17.1flV4 1575 31 37% 26.25 17.00 4150 42.75 27.00 1450 39 38% 31 00 6.00 1075 47.75 2425 35 37'A 1575 675 4750 25.50 39 12% 3050 3362% 1875 862% 17.12% 17.75 430 525 962% 395 625 1337% 1800 3062% 48.25 21.75 21 25 862% 11 00 10.75 14.75 7.75 14.25 1875 862% 1225 3200 12.50 47.00 14.50 14 12% 3262% 1725 9.62% 13.25 8.87% 750 23 12% 23.75 2337% 385 3.00 2950 1925 36 SO 3600 3800 New York (Supplied RteharisM SecMtoki Curia) NEW YORK STOCKS Amr. T 4 T Anaconda Beth SIMI Chryaler Comsat Dupont General Motors Gulf Int Harvititf Kenn Copper Montgomery Ward Seara Exxon Gulf Wlx Corporation 48.62% 26.25 32.2S 1787% 33.67% 169.00 4950 2212% 2862% 39.62% 24.00 82.62% 60.37% 32 12% 1387% Woolwoftn WwtingnouM Etoc US Stw) (fen Etoe 1762% 18.87% 42.50 23.87% TORONTO AVERAGES 20 21394 down 2.U 20 GotCs 29587 down 890 10 100 03 down 1 61 15 WMMrn Oils 2S5 69 down 3.05 NEW YORK AVERAGES 20 Industrials 846.21 down 1267 20 183 34 down 2.70 15 Utilities down .25 65 Stocks 286 M down 3 48 Volume Market prices decline sharply at mid-session TORONTO (CP) All Melon of the .Toronto rtwfc market decUMd ihttply im moderate mid-morning tndtaf today. The Industrial Index (eU 1.41 to 214.M, golds to tee metals 1.34 to 100.30 and western oils i.M to Declines more man advances, HI to with 193 issues unchanged. Volume by 11 a.m. was 000 shares, up from at the same time Thursday. Walker-Gooderham A fell 1 to Greyhound Lines to Mercantile Bank to Witfc, Aktt to and towS to United Mtoes lost Mi to H, Aftnco-Eaflk K to aad Camflo Vt to IMS. Rucer Oil was off '1V4 to to and United to 118. Hawker SkfcWey rose to Slater .Steel to Moore to IttWi and Bank of Nova Scotia to SMS. Hudson Bay Mining added tt to and Denison to Scurry-Rainbow Oil increased H to S26Vt and Canada Northwest Land Vt to and DitUllers to 1414 while Nickel rose to ISS'j. Most active speculative issue to II 30 a m was Lynx-Canada Explorations, up two cents to SI cents trading shares VANCOUVER (CP) Prices were mixed in moderate trading Thursday OP the Vancouver Stock Exchange Volume at the close was 2.731957 shares Leading industrial trader was Canterra. up 01 at 31 on 27.000 shares Neonex International was unchanged at 30 on 12.900 shares Thermo Plex was down 03 at 58 on 8000 shares Daon was down 12'j at 19 87'2 on 6 600 shares Cornat was up 1995 and Newmark Resources was down 02 at In the mines. Coralta was up 05 on 172.884 shares Consolidated Seaumonl Has down a half-cent at 27 on 61 360 shares United Hearn was down 01 at 57 on 59.500 Rockland Mining was down 01 at 09 on 37.500 shares Brendon Resources was down 03 at 50 and Consolidated Fortune Channel was down 01 at 39 Leader in the oils was Vargas Mines down Dial 19on82500shares Cop-Ex uas unchanged at 50 on 55 000 Seneca Developments was up 02 at 51 60 on 31 800 shares Pavette River was unchanged at 48 on 31.300 share-; Whistler was unchanged at 21 and Rose Pass was unchanged at 49 NEW YORK (API Prices fell back sharplv in the stock market today battered bv a new round of increases in prime lending rates The noon Dow Jones average was down 1041 at 84848. and losers dominated gainers by about 8-to-3 on the New York Stock Exchange Trading remained very light Analysts said buying interest was severely dampened bv the continuing rise ol the prime rate New York s First National City Bank raised ib> prime this morning from 9' j to 9-4 per cent and numerous other banks quickly posted, similar increases Digital Equipment was the mosl active Mucl. a 3'j to On the American Stock Exchi.r.5o the market value index was down 44 at 9609 Other issues on the New York market's active list included Standard Oil of California down at s Texaco 3h at and Phillips Petroleum 1 to Among glamor issues MGIC Investment was off PJ at S33Ji Upjohn at Texai Instruments at and IBM 4Js at Pitlstor. Co which forecast significantly higher earnings in the second and third quarters gamed The American market s volume leader was Svntex down 2 at Among Canadian issues Inco was off to and Alcan to Beef futures WINNIPEG (CPi Live beef close Thursday May-49 DON Jlv-5015N Sep- 52 DON Nov 53 OON Wednesday s volume No contracts William Peters Jr, Executive Vice President and General Manager of Hayes Trucks Ltd., is pleased to announce the appointment of J. S. (Jack) McKenzie to the position of Branch Manager, Calgary. j s. MCKENZIE Mr. McKenzie has had extensive experience in both the sales and service aspects of the heavy duty truck manu- facturing industry with Canadian Kenworth Ltd in Calgary and Montreal. Prior to joining Kenworth, he was associated with the oil and gas industry in Alberta. Hayes Trucks Ltd. is a Vancouver based manufac- turer of custom built heavy duty trucks for highway and off-highway hauling. The Partners of KATES, PEAT, CO. an pleated to announce that from April our firm will be operated under the name of PEAT, HARWICH AND PARTNERS ;