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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 10, 1973, Lethbridge, Alberta Tuesday, April 10, 1973 THE LETHbRIDGE HERALD 17 prices up lit trade TORONTO (CP) Prices on the Toronto stock market moved fractionally higher in light mid-morning trading to- day. The- industrial index, consid- ered a major indicator of mar- ket trends, was up .26 to 223.42 and western oils 1.09 to 245.63. Golds were down .26 to 246.20 and base metals .14 to 101.89. Bank, communication, oil re- fining and pipeline stocks were higher while beverage, general manufacturing, industrial min- ing and paper and forest issues were lower. rain prices Winnipeg grain WINNIPEG (CP) Rape- seed fell sharply in what ap- peared to be profit taking at mid-session today on ths Win- nipeg Commodity Exchange. Flax also was sailing off, but remained well above Monday's close. Rye also was active and frac- tionally lower. Oats and barley were steady and trading fractionally higher. Monday's volume of trade was bushels of rape- seed, bushels of flax and bushels of rye. Mid-session prices: Flax: May 5% higher 4.62; July 6% higher Oct. 5 higher 4.55V2A Nov. 9 higher Rapeseed Vancouver: June 2% lower Sep. 3% low- er 4.07A; Nov. 1% lower 3.91A; Jan. lower S.BT Rapssesd Thunder Bay: May 2Y4 lower 3.93y4A: July 2% low- er Oct. Vz lower 3.80A; Nov. higher Oats: May unchanged July higher 1.14; Oct. higher 1.10; Dec. not open. Barley: May higher July higher Oct. y4 higher Dec. not open. Rye: May Vs lower 1.54A: July lower 1.55A; Oct. 1 low- er 1.54A; Dec. not open. Grab quotes Monday (basis High Low Close Flax May 456% 455'? 456% Jly 453 452 453 Oct 443% Nov 438% Rapeseed Vancouver Jun 411% 407% 411% Sep 4KK4 404 410% Nov 392% 338% 392% Jan 306 Rapesrccd Thunder Bay May Jly Oct 3CC% Ncv 357 Oats May 115'i Jly 113-', Oct 103---S Dec Barley May 154 Jly Oct 154 Dec Rye May Oci Dec 155'; 155 338 372 115" s 133% 10GM 153' 4 153 153 153' 153--5 395% 394'i 380% 357 113-4 109% 103 154 153 153% 150% 154 's 155 150' prices EDMONTON (CP> Aver- ace to u today provided by Oic A'bcrJa Hog p.'nrlic'in? Board Eomcn'm: Canary: Ford Motor Co. rose Bow Valley to to Chrysler to Investors Group to and Imasco to Leigh Instruments fell Vz to Gesco Distributing to Maritime Telegraph to and Wall and Redekop 10 cents to Preston Mines gained to Rio Algom Vt to and Consolidated Rambler 10 cents to Hudson Bay Mining was down to and Gibr- altar to Pan Ocean climbed to while Lochiel slipped 10 cents to MONTREAL (CP) All sec- tors except papers gained in light trading on the Montreal stock market today. Banks gained 1.00 to 273.27, utilities .86 to 159.14, the com-- posite .31 to 230.95 and industri- als .03 to 244.39 while papers dropped .70 to 121.26. On the Montreal Stosk Ex- change, Ivaco gained 1 to Simpsons-Sears to and B.C. Telephone to while Chieftain Development dropped 4 to and Texaco Canada 2 to On the Canadian Stock Ex- change, Chesbar Iron Powder was up 25 cents to on 100 shares. NEW YORK (AP) The stock market marched ahead today in broad fronts as in- vestors greeted good first-quar- ter reports with optimism. The noon Dow Jones average of 30 industrials was up 11.13 points at 958.68. Advances on the New York Stock Exchange clobbered declines issues by a margin of three to one. Among Canadians on the New York exchange, Mclntyre was up to Walker-Gooderham Vs to and Seagrams Vs to Inco dropped to On the American exchange, Brascan rose Vi to Cana- dian Javelin to Quebecor Vs to and Scurry-Rainbow YB to Rapeseed quota open WINNIPEG (CP) The Ca- nadian wheat board Monday authorized an open delivery quota for both high and low erucic acid varieties of Rape- seed effective immediately at all prairie delivery points. The wheat board said that Canadian rapeseed exports are running well ahead of those at this tims last year and total exports this crop year are ex- pected to be well above the rec- ord of 46.8 million bushels set in 1970-71. 41.3.3, average Lclbbririrzc: N 1 1. Monday 12. Tofai" Imjrs Mild average jo n a.m. ?.3i Swvs average Lethbridge Livestock There were no cattle sales at the Lethbridge yards Monday due to the weekly sale of wean- er and feeder hogs. Sales 800. All classes of wean- er and feeder hogs met reason- ably good demand. Weaners sold at steady rales. Light feeders under 100 pounds sold steady to SI lower, heavy feeders over 100 pounds sold steady to strong. Weaners 16.25 to 29 per head, light feeders under 100 pounds 29.50 to 37.50 per head, heavy feeders 100 to 140 pounds 30.yj lo 38.50 per head, heavy fesd- ers over 130 pounds 43 to 50.25 per hesd. Light feeders under 100 pounds sold from 32 to 55 per hundredweight heavy feeders over 100 pounds 30 lo 35 per hundredweight, boars to S137.50 per head. BuJcher hogs sold Monday al LeJhbridgc yards high- er at base price. horses slaughtered for consumption in Europe Horsemeat for sale Customer views horsemeat being sold by butcher (bottom) in this store owned b.v Frank D'EIIa in the Italian section of Toronto. The Torcnto store (top) one of two licens- ed to sell the meat, finds buyers for about pounds a week. return tips EfflPLCYMQIT OPPORTUNITY GOVERNMENT OF THE NORTHWEST TBtRITORlES Medico! Supervisor Correctional Institution Deportment of Social Development, Yrilowknife, N.W.T. ooiilion rcruires on experienced with psychiatric trcining 1o administer medicol, psychiatric, dentol and opn- Irtclm c services lo both mole and Jemol Inmotcs. Must be copob'c o< cvoluoling and identifying the medical ond psy- needs or inmates, molcing appropriate referrals rofeis-onal assistance is required and administering crnatnc -will fovc aroduated from o recognized school cf nur-irp, prc 'erably o Scaistercd Psychiatric Norse with of Ice'i three yccrs psychiatric nursing experience. Preference will be oivcn to those with experience in o correctional en- vironment. Comccii'ion number 40 0236. Closing date 20 April 1973. Anolicotiorn; includina a detailed should teoch the Chief retruiJmenl Officer, Department of Government of the Northwest Terriloriet, Yelfowkmfo, H.W.T. en b'-'ore the {losing dote listed obove. A. No. The cost of reference books is not an allowable deduction from salary recedved as an employee. You may claim an employment expense deduction of 3 per cent of your employment income, up to S150 a year. Q. I have to travel 35 miles to get from my hems to my place of employment. There is no bus service. Can I claim travelling expenses when filing my income tax return? A. No. The expense of travel- ling to and from work is not deductible. For 1972 and subse- quent years, however, you may claim an employment expense deduction of three per cent of ycur employment income, up to S150 a year. Q. I am a veteran of World War II in receipt of a disability pension from the Department of Veterans Affairs and in addi- tion receive salary snd wages frcm pensionable' employment. On what income do I have to contribute? A. Only on the salary and wages. Q. Hew much was the Old Age Pension in 1972? A. If you were net in re- ceipt of the guaranteed income supplement, the old age pen- sion would have amounted to a month. Q. AThat is the employer's portion of Unemployment In- surarce premium? A, The employer' portion is come" on my lax return, snd if I calculated at i.4 timss the so. where en the return do I j amount of the employee's pre- er'er the rirrdn'.? I A. Yes. prymt-nte imist Q- If I sm r.ol sure whslhor be rrrsrlcd cs irrcme. Enter the toScl received in Ir-g year the line for "Other Income'' on ycur rclurn. Q. Can rcpc'rs to property be For farther information, call the District Taxation Of- fice, If you live in a toll area, ask your long-distance operator for ZENITH 0-4000 and your call will be placed without charge. Q. I won a cash prize for a suggestion I made to my em- ployer last year. Is this money taxable? If it is taxable where do I enter it on my income tax return? A. Yes, this award would be considered to be related to your employment. Therefore it forms part of your income and is subject to incom.3 tax. If it is not included in your T4 slip, enter it on your form in the section marked "Other In- ar.d specify the source of the income. Q. I am now receiving the age security pension. Must I include this psnsion money as part of my income on my in- come lax return? Also, what about the guaranteed income sucplement? A. The old age security pen- sion must be reported as in- come on ycur income tax re- turn. Tha guarantssd income msnt. however, should be ignored except ivnen calcu- lating the ir.ccme of a depen- dant. Q. I am divorced and re- ceive alimony paymsnJs from my former husbard. Do I have to report these payments as ii- Hog plant at Taber unlikely Herald Legislature Bureau EDMONTON It appears unlikely that Taber will get a multi-million dollar hog pro- cessing plant that has been dis- cussed for more than a year. North American Integrated Food Processors Ltd., the com- pany that proposed the hog plant during a series of meet- ings with Southern Alberta farmers, has been denied fed- eral assistance. A princple of the company told The Herald Monday that unless interest free money is made available, the plant won't be built in Canada. Alberta Agriculture Minister Hugh Hornsr termed the condi- tions for financial assistance "unreasonable" and said there is no interest-free money avail- able from the province. Fernando Ricafort. a director KITCHENER, Ont. (CP) An official in the federal depart- ment of agriculture says that more than horses have been slaughtered in Canada and shipped to Europe for human consumption during the last three years. Dr. John Sproule, associate director of the meat inspection branch of the department, said in a telephone interview from Ottawa that this represents about 50 million pounds of meat. In addition, about live horses were shipped from Can- ada, probably for the same pur- pose. Although many horses are certified for breeding purposes in this country many end up in the slaughter houses, said Dr. Rae Bonin, of the health of ani- mals branch of the department of agriculture. He said the demand for live horses in Europe has increased sharply during the last two years. Raising horses for the sole purpose of selling them on the meat market wouldn't be profit- able, said Dr. Bonin. However consumers in Europe are pay- ing the same for horse meat as they are for beef. If prices continue to rise then such an industry may be possi- ble on the 100 pregnant mares' urine farms in Ontario. The urine is used to produce estro- gen in making birth control pills and for treatment of the side ef- fects of menopause. HELPS HEART PATIENTS The foals produced on these farms used to be killed at birth but now the European market is buying them once they become 90 days old. The Pregnant- Mare's Urine Act passed in June, 1970, now pro- tects the foals until they are 90 days old. Lloyd Coleman of Toronto, in charge of the ministry of agri- culture's farm licensing pro- gram, said horse meat is good for heart patients. It's just as good as beef, he said, but has a low cholesterol count. Horse brokers like Norman Picov, Pickering, Ont., sells horses to a plant in Owen Sound. He said he has to make trips to the United States to fine enough horses. The number o: horses in Canada has declina rapidly during the last 30 years Mr. Picov said he felt some horse meat finds its way onto the tables of Quebec disguisec as beef. Quebec is the onlj province in Canada that buys arge amounts of horse meat. Dr. Kenneth Craig of Toronto, read of the ministry's meat inspection department, said Livestock Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m. today totalled 600 head, mostly slaughter cat- tle. Trade was active. Slaughter steers were steady with good dairy types selling from 39 to 40.10. Heifers were barely steady; cows fully steady to strong and no bulls offered. Al, A2 steers 42 to 42.80, A3 42 to 42. Al, A2 heifers 39.75 to 40.60, A3 33 to 39.50. Dl, D2 cows 31.75 to 33 with the sale higher, D3 30 to 31.50. D4 26.50 to 29.50. of the company, said in a tele-1 Replacement cattle were in phone interview Monday from short supply with most of the claimed as an incoms Sax de- A. Knl Ir-c property i? being for business or ren- tal Q. I am a salaried cirotayeo and I Jiavc 1o purchasf special reference for rny ivsrk, Can I cirim these; as a i HOT for income lax purp.iscs? an employee is m insurab'e cmplcymsnt, or lr. Canada Pcn- icn Pian contributions arc re- qu'rcd. hcrv can I find cat? A. Write to your nearest Dis- trict Taxation Office. Beef futures WINNIPEG (CP) Live beef close Monday. May 42.50B: Jly J2.72E, Sep 41.10: Nw Saskatoon, that the federal de- partment of regional ecnomic expansion (DREE) rejected a grant application. DREE officials felt the pro- posed hog processing scheme was unrealistically large, said Mr. Ricafort. "We would like to proceed on our own resources.'' he said, but "We must have a justifiable incentive, in lieu of the DREE I.Ir. Ricafcrt said his com- pany wants government subsidies in the form of tax exemptions or interest free loans. Without that form of incent- ive, he said "We won't build in Canada." Agriculture Homer said in an inlervcw Uial the has (wo Frdsv's irccis. volume: 26 ccn- hirc (he Opportunity" Company in the department of MINOR BASEBALL MASS PRACTICE APRIL 10, 11, 12, 13 TiME: 6-8 p.m. LAKEViEW SCHOOL: Boys ogcs 8-12 veers living Sourti of Avenue South SENATOR BUCHANAN SCHOOL: Boys living North of Avenue South DAVE EITON PARK: Senior little league Alt MANAGERS AND COACHES REPORT lest Chance For Registration ?.r< Dcvclopmcr.t Fund, However, he .said while the province could provide las de- partment, loan guarantees and c'lhcr fonrn of credit ''We don't have any Dr. Homer snid Mr. Ricafort in his subsidy demands "is nol being reasonable or plausible." Thr miniflrr Jtarib American IfiJcgraiod Food Pro- ccs'sorK j 'art on s smaller scale and birld up lo the mu11J-Tnil- lion dollar SJ7c propascrl. He said Mr. Ricafml has talked about vrrious scbcmef, bt-i wvrr placed cc-crdc ptens in fron' of Ihc provincial cramcnt offering 750 to SOO pounds. Heif- ers were generally 550 to 700 pour.ds at steady prices. A few stock calves were steady. Good feeder steers more than 750 pounds 40 to: 44.50. Good feeder heifers more than 350 pounds 36 to 40. Good stock and feeder cows 27 to 33.50. Gcod stock steer calves more than -400 pounds 45 to 51.75. Good stock heifer calves more than 400 pcunos 42 to 46. Hcjs base price 43.45. there are no provincial or fed- eral regulations controlling the sale of horse meat on the mar- ket beyond those pertaining to inspection. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) LAST BID OR SALE a.m. Quotes) a.m. Quotes) a.m. Quotes) WESTERN OILS AND MINES Ind Alta East Gas Alminex Asamera Ashland BP Canada Brenda Mines Can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Isle Cdn Super Charier Oils Chieftan Dome Pete Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Win Nofcle Mines North Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Seibens Soooner Total Pete West Pete Ulster W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aquitaine B.C. Sugar Pfd Block Bros Brinco Cdn Brew A Cdn Brew B Pfd Cdn Pacific Inv Crestbrook Ind 9.35 6.20 27.25 7.75 7.75 13.25 7.25 17.00 AGF Spec Cdn Inv Fd Coll Mut Comm Inter Comm Lever Comm Vent Corp Invest 4.70 385 7.90 850 .25 52.50 4.00 11.50 40.50 10.25 .41 3.50 9.75 33.50 8.75 2.77 1.60 1.15 7.15 16.25 15.00 15.00 1.33 .23 .59 29 37'A Alta Gas A Alta Gas Pfd 13 Alta Gas 52 lnland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gaz Metro A Tr Cda A Pfd Tr Cda B Pfd Tr Cda war WC Trans WC Trans Wts 2.82 5.29 6.11 6.71 15.36 16.88 4.00 4.40 7.97 8.76 6.45 709 Ccrp Inv St Fd 5.38 5.91 22.37V2 Drey Fd U.S. 11.94 1308 Pacific 4.88 5.34 55.00 Gr In Shares 4.17 4.58 46 00 Gr Equity 8.70 9.56 21 00 I" Gr Fund 12.81 14.00 In Mutual 602 6.58 Mut Accum 6.37 7.00 Nat Res 8.10 8.85 Mut Gr Fund 3.99 4.39 N W. Cdn 5.75 6.32 N.W Grov.-th 5 3B 5.91 Prin Growth 4 82 5.34 Royfund 7 04 7.32 Temp Gr 9.51 10.39 Un Accum 5.40 5.93 Univ Savings 8.30 9.12 Univest 6 12 6.73 Vanguard 7.01 7.63 Crows nest Cygnus A Cygnus B Falcon Cooper F and M Trust 13.75 Genstar 15.62W Home A 5.65 Home B Hud Bay Co Hud Bay Oil Hud Bay A Pfd Hugh Russell Husky Oil Husky B Pfd D War Husky E War Inter Prov Pipe Inter Prov Steel Kaiser Res Loblaw C Pfd Magnasonics Pacific Pete PW Air Rainier Royal Trust St. Maurice Cap Sandwell Teledyne West Cdn Seed 5.87VJ Barons Oil Westfleld Min 1.25 North Cont Weston A Pfd (H.75 West Warner White Yukon 14.25 VANCOUVER PIPE LINE STOCKS MINES h Ji Explcr Bath Norse Croyden 11 00 Davenport 24.00 Dolly Varden Equitorial Res Lcrnex 40 50 Primer 75 00 pyramid 4300 7.30 9.00 9.80 14.00 315 27.25 13.00 34.00 10.50 25.25 1 10 3.60 465 Acrcll CALGARY .57 .01 .36 1.02 5.2S 15.75 24.00 15.00 3.00 5.75 27.50 32.75 875 22.62V2 460 Si! Standard Valley Cooper INDUSTRIALS Cap Inter MUTUAL FUNDS Col Brew All Cdn COTI 7 85 8.58 Hys Canada All Cdn Divi 8.47 9.26 Key Indust 29.87V2 All Cdn Vent Am Gr Fd 403 4.46 OILS 5.77 6.34 Albany Oils 8.35 .57 .W .04V4 -S3 .30 .11 9.75 .IB .19 .71 9.7S 1.70 3.25 5.B7V3 .30 1.20 Toronto mines, industrials (Supplied By Richardson Securities of Canada) a.m. Quotes) MINES LAST BED OR SALE F.m. Quotes) a.m Advocate Asb. Bralorp.e Broulsn Bethlehem Brunswick; Can. N.W. Land Canada Tung, Cassiar Central Pat. Chimo Conwest Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Dcnalda Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Granduc Hollinger Hudson Bay M-S Hydra Ex. Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maclntyre Meta Midrim Mogul Nu'West Homes New Athona New Calumet W. Horse Copper Noranda Northgate Norlex Osisko .17 Pine Point 1.18 Placer Dev. 2.55 P.C. Exp. .37 Quebec Man 14.50 Rayrock 4.75 Radiore 7.50 Rio Algom 1.85 Roman Corp. 12.25 Sherritt Gordon 1.30 Steep Rock 1.33 Tek Corp. 6.95 Texmont 4.00 Uoper Canada .21 Western Mines .28 Wright Hargreaves 1.32 6.75 Wlllroy 1.05 3.60 Windfall .12 34.50 Yeilowknife 3OJ; .05 Zenmac .07 INDUSTRIALS 3.10 .11 1.25 .30 27.50 8.25 16.75 1.66 3.90 .28 2.71 2.91 79.00 Abitlfai .48'A Alcan 1.15 Algoma Steel 2.50 Atco Ind 3.00 Atlantic Sugar 70.75 Agra Ind .30 Bell Tel .48 Brazil Trac 7.50 B.C. Tel 3.50 Burns 48.00 B.C. Forest 23.8716 B.C. Supar .24 Bow Va'l Ind 3.80 CAE Ind 2.51 Cdn Brew Chemcell 13.25 Col Cell .25 Calgary Power a.WA Coron Credit 3.40 C.W.N. Gas .06 Cdn Ind .75 Cdn Marcon! .84 Cdn Vickers .29% Chrysler S1.12V2 C.P.R. .12 Cominco Cons Bath 14.25 Cons Gas 10.62V2 Dist Seaorams .16 Dom Bridge .25 Domtar 3.80 Dom Textile 50.75 Dom Stores S.90 Dome Pete .40 Dofasco .22Vi Cable 30 75 Glendale 51.00 Grt Cdn Oil Gen Alofors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hur and Erie Hiram Walker Imp Oil Imasca Int Nickel Int Pipe Inv Grp A Int Util Ind Accept Kaps I Loblaw A Massey Ferg McMillan Bloe Moore Corp 16.75 Molsons A B Nachurs North 8, Cent Power Corp Price Co Rofhmans St. Law Corp Shell CDA 20 MV4 Simpson's 30-50 Siino Sears Steel of Cda Selkirk A Texaco Traders Grn A Trns Mtn PD Trans Cda Pp Union Gas Union Oil United Siscoe Verstile Mfg westeel Union Carb Weston's 3 21.87V2 Woodward 's A 1675 West Cdn Seed 39.50 Zenith Elec 34.00 BANKS 19.571-2 Cdn Imp 9.62V2 Montreal 10.75 11.25 6.00 12.00 43.50 2050 53.50 1825 37.75 11.25 5.00 4.65 7.75 27.50 1.70 Pfd 11.25 1600 4.65 13.25 33.00 18.50 17.75 11.00 8.70 73.50 22.00 34.25 19.50 4.35 30.00 50.00 42.50 33.00 32.871A 25.50 11.50 24.00 12.00 6.7S 31.50 52.50 27.87'A 27.25 9.12V4 13.1JW 15.00 15.50 20.50 57.00 30.00 53.75 15.75 61.25 19.50 22.00 40.50 11.25 16.50 9.70 7.12'A 3075 18.00 21.50 29.00 5 87Vi 2.60 31.50 40.50 26.25 Royal Tor-Dom 34.50 New York stocks (Supplied By Ricoardson Securities of Canada) Amr T and T Anaconda Beth Sleel Chrysler Comsat Dupint Gen Motors Gulf Int Harvester Ktnn Ccppsr Mont Ward 51.62Vi Sears 31.50 X-Ron 30.12% Texas Gulf 35 Texas Co 52.75 Wicks Corp 160.00 Woslwrrth 73.87% West Elec 25.37V: U.S. Sleel 33.25 Gen Tele Elec TORONTO 21-87% 20 Ind 223.17 up .01 103.00 20 Golds 245.9S off .50 97.37'i 10 Base Met 101.Bl off .22 23.37'; 15 West Oils 246.34 up 1.82 Volume NEW YORK AVERAGES 37.37'i 35 Ind 553.48 up 11.13 34 OD 20 Rarls 200.51 up 1.23 25.03 15 UCI 107.97 up .83 AVERAGES 65 Stocks 302.67 up 2.92 Volume 3rJiO.OOO Gold futures WINNIPEG (CP) Gold Oct Jan futures, U.S. funds. Winnipeg Apr 74-1Q0.05B. Fridav's volume: 17 Commodity Exchange close Monday. Apri 73-91.65A; Jly 73-M.50A: con- tracts. Ask for this ooklet to learn howyou may oblain an 1DB loan lo assist in starting, modernizing or expanding your business anywhere in Canada. ujiuaaisiw DimOPMHTWK Regional Office: 161 Portage Ave, Wirmipag, Wan. R3B OY4 ;