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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 6, 1972, Lethbridge, Alberta fll THE UTtmniDGE HEHMO Tliunduy, April 6, Industrial stocks f'jr l! sion i sector in Industrial lHi'iun block riily higher sLViitive ses- other tive mkl- in jnornjm: UMciuv.i i-'.U'A uns up 1 U'' were off to 170.14. hn-n1 metals .0-] to western oils .10 to 225.15. Volume by 11 a.m. H3U.OOO up from 613.000 at the same time Advance's outnumbered de- clines by a wide margin, H5 to 107, with IDJ issues mich.'ingcd. Banking, comiiunuoaUon, in- lUislrial mining, sled, merchan- slocks C o m b i ii e d vnloine on llic Montreal and Canadian suu'k exchanges ;tt 11 a.m. v ;is shares compared 351.000 at thp s a m c time Wednesday, In gains on I tie Montreal Stock Exchange. L.airilaw Mo- torways Lid. up to Falconbridgc Nickel to Metropolitan Stores SI in SIS1: Border Chemical to In losses, TransCanada PipeLiues was off lo SI155, Union Carbide to S151! and' Imasco Ltd. Vi to JUG A11 VANCE YORK (AP) Sastain- ing the upward momIMIturn of Vi'cducsday's session, the slock FLEE ENtMY OFFENSIVE South Vietnamese civilians carry Iheir children and be- longings past Quang Tri basn, in bockgrounrl, as the Narlh Vrernamese conlinue their offensive )he demilitarized zone- 'op grain experts meeting to discuss export program WINNIPEG (CP) Top-1 from labor unions in Hie grain hoard spokesman 2lniL' will work out level cxpcrls from anil industry inol here today tn Itrtinmer out u'n.vs and imsms ol coping ivilli a [limit grain ex- port program, already heliiiul couver to llic cud of Ihc current sclicdule because of lagging crop yew, and for thn full 1072 industry. A saiil llic me programs for HIP VorL of Vnn- shipments al the west coast. Otto minister in charge of Hie Canadian Wheat Hoard, will attend the closed-door gathering of the grain transpor- lation commitlcc, tlie board's advisory committee and other groups. Represented along w i t li wheat board officials will be railways, elevator companies the Canadian Grain Coraniis navigalion seasons at Thunder flay and Churchill. STKl'S Delegates will be told the steps needed if Canada Is to meet present riarket commit- ments anil got maximum bene- fit from expanding world grain demand. The industry Iwen pre- dicting for some time dial the record 1070-71 crop year grain sion and, for the first time at exports nf about 170 million hu- sucb a gathering. Great Lakes j slicls will be bettered when the shipping firms and observers current crop year ends July 31. Advances on Ihc York Stock Exchange led c lines by morn than 2 lo 1. 1 A sharp gain in slock prices j Wednesday carried Ihc Dcnv av- crape In its highest closing lovel aiul posted sU'onii advunci'S while market ttxlay advanced al01114 a food dipped i broad front. Trading active. fraciion.'ilK" JcniTr. .Sixteen ol The noon Junes average the industrial index's 17 sui> j of 30 industrials was up at groups recorded pins. Fah-onbridL'e v, ,is up 1' j to Spiiyranii to ?3ln i, Inco to Dcni5nn I to 532, Chieftain 1; to ?10 and Consumers' lo S19, General DiFifitiutors 3ri to Mnlson A U to and Tarn -s to Sl-i'j. BP Canada was oiE to S161s. Aquitaire 1.i io Francana 25 cerjw lo 56.10, Scolls Restaurants :s to Aero? Lid. to PKICFS CP MO-NTKKAL C.CPf Prlc.es up in all .soclors in light moniitjg Iradins on the real stork market loday. Industrials rose .68 to 204.76, utilities .15 to 163.44, .61 to 255.VK, the composilp .57 to 202.33 and papers A'-) to in nearly three years. In process tlie blue-chip indicator, which barrelled ahead some 11 points, penetrated the level, where it had been turned back threfl times last month. A in oil g Canadians, Mclnlyre Porcupine declined 2 to sau. Dome Mines advanced -1! lo SM, Wnlker CJoodcrbam was up lo DLstillers Seagrams at and Genstar Ltd. at bolh declined '4. On the American Stock Ex- change, Brascan Ltd. al Canadian Marconi at and Scurry Rainbow Oil at all declined Grain price review WINNIPEG (CP) All com- modilics except oats and bar- ley were on stronger price pat- terns in good volume of trade at midscssiou of the V-'innipeg Grain Exchange Iwlny. Oilseeds had good exporter and MC-rc as much as four cents higlipr in some fu- tures. Rye v. as about one cent stronger on exporter and commercial buying that met with light offers. Oals and bar- ley were slearty. Volume of Imde U'cclnesday included bushels oE flax, of rye and bushels of Mid-session prices: Flax: May 2 liiglier July nol open; Oct. Pi higher 2.80' i; Nov. nnt open. Rapeseed Vancouver: .June 3'i higJier Sep. 3Li high- er Nov. 2's higher Hapeswd Thunder Bay: May Lellihridge and District. Spring Bull Sale at the LeLhbridgc Ex- hibition Pavilion. Norman of Enchant took lop honors the grand champion Angus buU and the best pair of bulls awards. The lop bull solrJ to Dale Arnst of Valirr, Montana for Mr. Ilowg received were copped and T. .1. Spady respectively, both of Alliance, Alberta. The David H. McDougall Hcincli of Coclirane paid the top price of the Angus sale when it took Hie reserve senior cham- pion from Mr. Spady for The ranch paid for Hie ju- i nior champion. Miscellaneous quotations Vancouver, Calgary, Monfreal (Supplied by Dolicrly, IMcCnai" Limited) LAST BID OR SALE (11'03 am. Quores) B.in. Ouctel) Livestock report Calgary livestock e m. OuDfesI WESTERN OILS 4's iiiRhor 2.66si; July high- er 2.54'.i; Oct. 2U higher 2.51H; Nov. 1'z higher Oals: May JB higher Wi; July unchanged GB't; Oct. unchanged 70. Barley: May unchanged 1.09; July and Oct. not open. Kye: May 1H higher 1.05; July higher Oct. -a higher Grain quotes Wednesday (bas- is lligh Close -May Jiy Oct Xov Jim Sep 207 282 1791 i 205' 28G' 261 257 2GDH 253 fly Gene FawceMe LONG CONSIDERED BY POETS ASTHE'WNCOWCFTHE SOUL AMD MIRROR THE EYE IS NOW BEING LOOKED Al MORE CLOSELY 3T PSYCHOL0- GlSTS, THEY'RE USING AN IN- STRUMENT, WHICH MONITORS A SUBJECTS CHANGES AND DISPLAYS ITAS A MAGNIFIED IMAGE CNATV SCREEN. Rapcsccd Thunder May Jiy Oct 2- Nov Oats May Jiy Oct Barley May Jiy Oct live May 1 Jiy Oct 1 240 247 70 103'fl ICWi Cdn Cdn I Cdri NcMh C'Jn Oil 7 SO 13 (n' .'7 -J.70 T3.CO sky Oil B usky Oil War ler PrDv Pip- CALGARY l Oil 41 CO Mist Gr F ifi 455 t SS Niit Res 7.91 U 75 N J 93 5 9.12Vi N W Gro-.v 6.34 6 57 3 95 Princlp Grow 4 9S S JJ 3 00 34 d.W 33.JG Ten-p'e 4 93 7 S7 Unilpd Arcum i.51 6.0i J SO Universal Sav 6 QJ a Cornmcn 7 13 B.li VANCOUVER n MINES 1.50 7 10 An-jV; .13 .W Arclic Wining .11 Ejtpiorr ril Nw 1 ID 5.31 PIPE LING STOCKS AUa Gas A SI DO i Al'a ba-, Pld 75. co Air.i rial Gai 30 Ti Inldncl Nat Gas li 75 M end C Gas M 75 M ar.d C B Pfd li 50 P.irific Trans 1? 6 ?5 Oacal'a cf.! P''- 9.SO M1SCKLLANEDUS IMDUSTRICS TUdtair.a J! CO 5 75 In, 30 5C, B 33.00 lrv.' 34 IO Ir.rJ 37 3) Cda Pipa Jii.75 Cda n il.CO Trans Cda A. Irsrirl Cria War 13 srj V.'C Trans i'f 7i WC Trans 10 MUTUAL FUNDS Granlslc Lc-rniM Lyilcn Mineral Coaklalc sold the reserve junior cham- pion lo William Gray of Maple the Southern AlbcrLa Cnltle Urcctl- crs Association, drew 107 An- gus bulls for llic slicw judged by BrianL iStriiifiham of Cal- The Hereford section of (lie event was judged Wednesday cvcmng by Ron Hansun of the Bzll-L Ranch near Calgary at 7 p.m. There were 208 Hereford bulls shown hRiorc Uie trou'd of Ray of Del iion- ita took the Lop ribbons with (ho senior and grand cbajnplon nnimtil. B. C. Church of Balzac look Ihc junior and reserve grand champion colors. Beit Pov-lesland of Cochrane won the reserve senior cham- pion ribbon Jones Here- ford Ranch of Balzac taking the reserve junior champion. The sale for tlie Hereford bulls was to start at 10 a.m. Steve Balog, president of the sponsoring group, said there more polled Hereford bulls on offer for this show and sale that any other Lctlibritfgc bull sale. iic said that for the number of bulls on offer tins year there arc more contributors lhan ever before. "This gives the ouycrs a greater selection of blood lines to choose from." CALGARY tCP) Receipts on the Calgary livestock mar- ket to U a.m., about 700 head; mostly slaughter steel's and cows. Trade was moderate. Slaughter steers were steady; heifers were scarce Stock exchange will recfiiirc tpiarlerly report f.iJn. Divid IMS 9.7ft We? INDUSTRIALS A Q F- Ccln Inv i Cfllfei i Cfl Common irter 1 12 Commcri Lry 15 37' T Inves! 33.121'! Cwp S F 32 t Drpy'us Grc-'f) Inc 5175 InveU Or F 7; Invesl M 11 IS AccJm -112 J to 718 7 B7 B C. Mjgai 3.59 B.C. Suge A97 5.4S Cflplfllri li 4 S3 U JUS 35 Hys 3 67 J 35 Interior S as inlernal War 5 60 Key Indus! 13 45 Pac Wes' J 17 SldmpecJe Ir.t'l 7.D4 SM OILS 17 II 13 U Alb-ir.y Oil 5.71 t, 31 Plains Pete 439 '.Veil txplrffl Ptd rnat F Toronto mines, industrials (Supplied By Hkhardson Scrnrllks ol Canada) LAST BID OR SALE Newspaper banned KARACHI CAP) The Paki- s t n government Wednesday banner! the printing and publish- ing of three opposition news- papers under mrirlinl-Iaw regu- lations. The newspapers are the w c e k 1 y Punjab Punch, (he weekly Z i n ct g h i, and llic I monthly Urdu Digest. A press! advisory coniniilloe consisling of leading newspaper executives I and government nominees au- cuscd Lhc three newspapers of violaling (he journalistic code of eihicrs. (11-QO a.m. Qucles) [Inrthgale 5 6rt jrrlPX .31 tir.W B.m Dsme Pels Fd c prlca Gt Cdn Oil Gen Molocs Gl Lakes Pap Gull Oil COa GrcyhouncJ bid Hurwi, Sfcep Rccfc Tck Ccrp i Upper Carind 1 3? S.1S 3.13 2 E5 Bear 4 INDUSTRIALS 1rv Gp A Indiiil l-aurenfide Xclly 17.15 1EH 31. JS 33 31 9.iO SO S3 1? IS ID 37V. r- C. Tel EXPERIENCED SAIES CONSULTANTS for RESIDENTIAL SALES INCENTIVE PROGRAM BASED ON MONTHLY SALES All inquiries held in strides) confidante ALSO REQUIRED AN EXPERIENCED INSURANCE STENOGRAPHER Apply in person or wrilo MR. 0. LOGAN TAIT or MR. H. HAROID FOX AGENCIES (1972) ITO. "Ona of South Alberla'i Inrgcil Realtors" COLLEGE MAIL P.O. Box 1236 Phone 328-3331 Iron l-o Jiiief Ouecec Ccr.s Balh On-, C-Jn V.' Jl 2 31 Traders Gp A 3J 1i Trans Mir Pn I.M Can Pp T.io Unicn GAS 15 ?i Unfon Oil 3 31 Mfg. 31 42' j Urvior li.M Car "KM Cd 13 87'i Zer.nih F 71 'S 3! li .11. l J1! 31 V) 15 75 33 00 Car Government fattens coffers EDMONTON (CP) The Alberta government received for Ihc sale of li ccnccs to explore for natural gas on crovvn properly. Top price of was pait for a area about 30 miles west of Manning in northwestern Alberta. Tiie licence was by a consorlium of companies including Winlcrshall Oil Canada Ltd., Western Decalta Pclroleum Ltd., the Petrol am Gas Co. Lid.. Croxal Inc., 1'c trorep (Canada) Ltd., and Pa cilie Lighting Exploration Co Ashlp.nd Oil Canada Ltd. paid for a licence to ex- plore, a area near Casting, about 84 miles north- east of Edmonton. (CP) Corn- on the Calgary insufficient offered lo es- tablish a market; cou's were steady as were bulls. Choice slaughter steers 3-1.75 lo 35.GO, good 34 lo .H.75, me- dium 32 to 3-1. Choice heifers Wednesday 33.75 (o 34.50, good flic question Is by how niucli. Karlier hopes that the (iguro might (lit COfl million bushels liavo been dashed by severe winter conditions that lime and again blocked rail liiica in the mountains. With the supply choked off at Ihc source, coasl termi- nals were running under-capa- city al a timo when (lie port already was suffering backlash congestion from a prolonged U.S. west coasl dock slrikc. The wheat board goal ol un- loading BOO boxcars a day into the Pacific terminals has never been met. I'HOGItAM LAUNCHED At the Lakehead, meantime, program was launched In January ol hauling about million bushels from storage in Thunder Bay terminal eleva- tors to shipping positions on Iho St. Lawrence river. The federal treasury made up the differ- ence in cost between rail and lake freight. This kfl room for added rail shipments from country eleva- tors on the prnirips to tho Lakehead, where the goal was CALGARY >anics listed Itock Exchange will soon have o supply quarterly reports, Manager J, R. Thomson said oday. The new regulations are In- ended to provide more corpor- ate disclosure for the investing public, lie said. They will be applied to all classes of stock and will likely implemented tais summer but there will possibly be some exemptions. Exemptions would be consid- ered in casp.s where quarterly reports would not be practical or might be misleading. The requirement will apply at the start of each company's next fiscal year and will prob- ably have the greatest impact on junior resource firms, Mr. Thomson said "This suggests that the re- porting techniques of the junior companies should receive even closer attention than do the sen- ior company reports. "It is just nol the financial matters. Important are the changes in activities and inter- es'.s of a junior company durirg the preceding Ihrec months, These can make a big differ- ence to a company's opera- tion." The exchange previously re- quired only annual reports. .12.75 to 33.75, medium 30 lo 32.75. Good cows 27 to 28, me- dium 24.50 to 27. canncrs and cullers 21 to Good bulls 21! lo 29. I Replacement caltle were mainly heavy feeder steers Irading al steady prices. Good feeder steers more than 750 pounds 34.50 to 36 50 with lighter kinds higher. A few good stock calves 40 to 45. A few good slock heifer calves 3-1 to 37, medium 32 lo 34. Hogs base price 28.05. lo have Ihe Thunder Bay lermi- nals filled lo Ihrir working ca- pacity of about 75 million bu- shels by Ihc opening of naviga- tion. Despite problems at the coast and in the mountains, exports are rnmiiua substantially ahead ol last year's record pace. Canadian Grain Commission figures to March 29, the latest available, show overseas clear- ances for (he crop year to data of 45G.G million bushels com- pared with 392.1 million at Iha same time a j'ear Hiiiman urges govt. help to fiejit Indian alcoholism TIII3 HERALD U-gislature BurcM EDMONTON Provincial goi'crnmeut help lo fight alco- holism on Indian reserves in Alberta wiis urged Social CYcdit MLA Ted Hinman in the bndoet debate in Ihe legislature Wednesday. Pointing to 3 itoi'y in the In- Hog prices EDMONTON