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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 11, 1973, Lethbridge, Alberta April 11, 1971 THI LETHMIDOC HERALD 21 Light gain made in TSE prices TORONTO fCP) Prices on the Toronto stock market moved fractionally higher in ac- tive mid-morning trading today. The industrial index, consid- ered a major indicator of mar- ket direction, was up .05 to 223.30, golds .25 to 243.89 and western oils 1.27 to 245.86. Base metals were down .28 to 101.51. Volume by 11 a.m. was 1.03 million shares compared with shares at the same time Tuesday. Advances were well ahead of declines. 131 to 98, while 190 is- sues remained unchanged. Beverage, general manufac- turing, pipeline and steel issues were among sectors of the mar- ket recording gains while chem- ical, communication, industrial raining and utility issues were lower. Trading was resumed in shares of Glengair Group, Tan- cord Industries. Venpower and Atlantic Sugar Refineries. Trad- ing remained halted in shares of Overland Western. Brascan Ltd. announced it has acquired a 23-per-cent inter- est in Great Lakes Power Corp. Ltd. and plans a bid for the re- maiming shares. Brascan was up to S20% and Great Lakes Power 2 to Interprovincial Pipeline rose to vs. Aquitaine to S25. Atlantic Sugar J'2 to Dale Ross Holdings '2 to S10 and Shaw Pipe to Shell was down 3i to Chrysler H to SSa'i. Rapid Data 's to Inco to and Texaco !4 to Caarc-bell Red Lake rose Ji to Rio Algom "4 to 828 and 10 cents to S4.70. United Siscoe fell 25 cents to S8.80 and East Malartic 10 cents to S2.45. Great Plains gained M; to and Alberta Eastern Gas 25 cents to S9.75. said the thrust of the market appeared positive. The noon Dow Jones average of 30 industrials was down 0.75 at 959.74. Advances on the New York Stock Exchange led de- clines 611 to 525 Canadian stocks were mixed to fractionally lower. On the NYSE. Dome Mines dropped to Canadian Pacific Ji to S19V4. Granby Min- ing 's to and Inco to ;S32'a. Massey-Ferguson gained Vz to 520% and Seagrams to On the Amex. Preston slipped i2 to uid Scurry-Rainbow H to S17V4. Quebecor advanced lv to and Brascan Vt, to MONTREAL (CP) Al! sec- tors except banks gained in light trading on the Montreal slock market today. Combined volume on the Mon- treal and Canadian stock ex- changes at .1 a.m. was 317.300 shares, compared with 283.100 shares at the same time Tues- day. Papers gained .48 to 121.46, industrials .30 to 243.99, the composite -24 to 230.S3 and utili- ties 24 to 159.35 while banks dropped .25 to 274.47. On the Montreal Stock Ex- change, Credit Foncier. fell to and Moffat Commu- nications -li to while treal Trust gained to S21 and Price '-2 to On the Canadian Stock Ex- change. Stanford Mines gained eight cents to SI.35" on 22.000 shares. Grain prices Winnipeg grain WINNIPEG (CP) Rape- seed prices declined sharply at mid-session on the Winnipeg Commodity Exchange, follow- ing confirmation of weak soy- bean prices to the Chicago markets today. Flax prices also declined in trade while oats, barley and a moderate volume of trade while oats, barley and rye remained firm to fraction- ally lower. Volume of trade Tuesday was 527.000 bushels of flax. 2. 374.000 of rapeseed and 850.000 of rye. Mid-session prices: Flax: May 5 lower 4.55A. July 5 lower 4.50A. Oct 6 low- er 4.45B. Nov. 6 lower 4.36A. Rapeseed Vancouver: June 8 tower 3.94B. sept. 8 lower 3.92 %B. Nov. 4 3i lower 3.83B. Jan. 6 v4 lower 3.77B. Rapeseed Thunder Bay. May 9 Iowa- 3.81, July 7 lower 3-80 V Oct. 5 lower 3.70A, Nov. 8 lower 3.62 V2A. Oats: May unchanged 1.15 'iA. July unchanged 1.14. Oct. lower 1.09 HA, Dec. not open. Barley: May unchanged 1.54 34A. July lower 1.53 %A. Oct. V2 lower 1.53A, Dec. not open. Rye: May 1 lower 1.51 %A. July lower 1.53 Oct. un- changed 1.53 Dec. high- er 1.50 %B. Grain quotes Tuesday Food prices climb The cost of food rose 0.6 to 152.2 in March from 151.6 in February based on a 1961 level of 100, Statistics Can-ado reported. Meat, fish and poultry prices hove pro- vided the impetus in the food price rise, climbing 18 per cent over the past year. Britain tough customer in dealings with ECM By CY BRUSSELS (CP) Britain completes its first 100 days as a member cf the European Com- mon Market today and up to now the newcomer has proved anything but a passive part- showing some of the old bulldog teeth community currencies. Britain j on throwing its weight around, has proved a conspicuous odd j }n the face of such criticism, man out. j a British spokesman here said On farm prices. British dele-1 Monday "We only the gates to the European Parlia-1 communitv to be more eflec- ment kept plugging away to achieve what they considered a victory for their contention that big increa.ses in the price levels Over the issue of the prices should be rejected. proposed for Common Market fanners, the site for the new European monetary fund and There are grumblings among older members of the Common Market that the newcomer is the question of a joint float of' being too obstinate and intent Pollution in livestock industry said 'minimal' Herald Legislature Bureau live bite if necessary. We'H bark if necessary. But it's a constructive bark." Down 'through the years original six member states of the market have asserted them- selves in defence of their own 'interests, the British official went on. So. he added, there's nothing new in what the British have been doing since Jan. 1. even if that is alleged to be merely an assertion of self-interest. 1 The French have been quick to voice protests about Britain's Is occurring around these areas conduct in the first 100 days of EDMONTON Odor is the and it was found that conven- its membership. Yet the British presence m has just Miscellaneous quotations Accident Vancouver, Calgary, Montreal (Supplied by Doherty, McCuaig Limited) most serious pollution problem j tional methods With good man-1 from Alberta's livestock industry agement is not enough in many the Common Market according to a report tabled in cases to prevent odor.'' j begun to be felt, the legislature Tuesday by En- There is no soiution available, STAFF STILL ARRIVING vironment Minister Bill Yurko.. at to the odor prob-' Only a few of Britain's quota The environment department jem around intensive livestock j of about 600 staff members in waste management survey con-1 operations, said the report. the huge bureaucracy working It concluded ''Pollution from j under the Common Market's ex- livestock operations at present ecutive commission have taken seemed to be minimal. Prob- j up their duties, lems are general rather isolated 1 Recruitment in some echelons occurrences caused by poor! still goes on and other Britons ducted during the summer of 1972 found overall pollution from the livestock industry to be "minimal" however. Beef operations were the j worst polluters of air and wa-; management, location and. or i already appointed haven't p-l WESTERN OILS AND MINES Alta East Gas 9 70 Alminex 6.15 Asamera 11.50 Ashland 13.75 Brenda Mines 5.q5 BP Canada Hud Cdn Ex Gas 00 Hud Can South Cdn Hornestd Cdn Incr Gas Oil Cdn Long Is Cdn Super Chieftan Dome Dynasty Fort Reliance Giant Mascot Granisle Gt Plains Gt Cdn Oil S Lochiel Lytton Min Noble Mines North Cdn Oil Numac Pan Cdn Pete Pan Ocean Petrol 1 33 Pinnacle .23 Place Gas .60 Ponder .40V; Ranger Scurry P.ain Seibens 1025 .41 325 975 3150 3.70 2.80 1.60 1 20 7.15 U02 6 0-1 6 67 6.34 7 bO 4 01 4 8.10 885 5 76 6.33 5.07 49B 5 T3 7 06 7 35 10 40 NEW YORK (AP> stock- market paused today in its upward thrust, after three straight days of gains. Analysts Gold future? WINNIPEG Gold fu- tures. U.S. funds .Winni peg Commodity Exchange close High Low May 466 'i Jlv 455 Oct Nov Rapeseed Jun Sep Nov Jan 4 Rapeseed May Bav Jly i Oct .379' Xov '-2 Oats 114 110 Jlv" 114 g ioct Dec May "4 Jlv Oct 2 Total Pete Ulster West Pete W. Decalta MISCELLANEOUS INDUSTRIES Acres Ltd Aouifaine B.C. Sugar Pfd Block Bros Brinco Cdn Brew A Cdn Bre.v B Cdn Pacific Inv Crestbrook Ind Croaranest Ind 28.75 17.50 1300 .52 1 00 800 5.30 1S.25 25.00 15.00 205 5.75 27 50 32.75 29.75 850 27.25 LAST BID OR SALE a.m. fll-00 m. OuotesJ 7 75 Col Mutual 6.15 4 76 775 Inter 16 93 13 12V3 Cmnw Lev i.Qt, t it. 6 87Vz Cmnw Vent 8 02 81 1675 Core Invest 645 708 41 50 Corp In St F 5.43 5 38 Dreyfus F U S. 12.09 13 25 I 22.25 Great Pacific 4.89 5.34 4650 Gr In Shares 55.00 Gr Equity 46.00 Invest Gr F 21 00 Invest 43 12Vj Mutual As 7 25 Mutual Gr F 9 oo Res 1000 N W Cdn Principal Gr 28.62'A Royfund 13 no Temp Gr 33 371-2 United Ac 4.37', 2525 CALGARY 3 SO 4crol, Barons Oil 5 Continental 1 20 western Warner VANCOUVER MINES Afton Atlas Eyplor Bath Norse Croyden Dankoe Davenoert Dolly Varden Equitorial Res Lcrnex Primer Pyramid Silver Standard Valley Copper Cvgnus A Cyqnus B Falcon Copper F and tA Trust Gens tar Home A Home B Bay Co Bay O-l 4.60 Hud Bay A Pfd 7 65 Hugn Russell 8.125e Husky Oil 24 Husky E ri'd 53.50 Husky D War i 00 Husky E WE- 11.37V2 Inter Prov 38 50 Inter Prov Steel Kaiser Res Loblaw C Pfd Magnasonics Pacific Pete PW Rainier Inc Royal Trust St. Maurice Cap Saiavjel! Teiedyne victims identified 1 ter. with hogs, poultry and dairy production nejyt in t h a t i order. j '-Odor is the most urgent, zoning regulations to resolve i problem facing the agriculture j the "urban-rural confict" where j industry, particularity in the! urban development has Universal Sav Univest Vanguard Alta.' (CP) liam Frank Knapton. 29. of 3.7i 9.571 Creslon, B.C.. and Calgary, was identified Tuesday as one of three killed in a collision Mon- day between a truck and the CP Rail transcontinental pas- senger train. Georgina Melvin. 20, of Cal- s 97, gary also killed but police s 32 141 have not been able to identify 1 the third victim, a one-year-old Calgary. Lethbridge and Ed- j croached on livestock monton said the report, itions. "Considerable urban sprawl I The report i j more study into proximity to urban develop- rived here. j But Sir Christopher The report called for better j as the commissioner in charge of the Market's external rela- tions, and Georg-2 Thomson, who looks after development opera-1 programs for backward regions of the community, are well called for the areas of Livestock Calgary livestock i odor control, water runoff from i agricultural production areas, j sewage lagoon design for farm use. low cost manure storage I and dehydration and incinera- i tion of animal wastes. 7.02 CALGARY fCP) Receipts, on the Calgary livestock mar-'; ket to 11 a'm. totalled 750, head, mostly slaughter cattle. taMshed. These two Britons have tnada a solid impression on Canadian diplomats here. The Canadians have no IDtt- sions that the British will ever sacrifice their European com- 16 ff'i West Cdn Seed 15 00 v'estfiela Mii 14.62'A Weston A Pfd White Yukon PIPE LINE Alta Gas A Alia Gas Pfd Alta Nat Gas Inland Nat Gas N and C Gas N and C B Pfd Pacific Trans Gaz Metro Gar Metro A Trans Cda Tr Cda A Pfd Tr Cda B Pfd Tr Cda War WC Trans STOCKS 15.00 75.62V2 11.50 11 12'-: .57 CU .01 35 8 '5 57 7" .06 1 25 Open quota Oil grain guaranteed MUTUAL All Cdn Corn Ail Cdn Div AH Cdn Vent A-nr Gr F AGF Special Cdn Invest F 1225 490 67.50 38.50 72.50 41.50 850 22.50 s 4 50 FUNDS 786 8.48 .30 18 10.00 .13 .18 .72 9.75 INDUSTRIALS Caot Inter i 75 Columbia Brew 3 35 Hys Cdn 5 75 Key Indusf .31 OILS 4 12 4.50 Albany Oi's 1 15 i 43 Pete 22 2.S5 Stampede Inn Res .70 5 29 5.W West Explor .07 Toronto industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE child. Trade was strong and active. 1 All were in the truck: no one j Slaughter steers were 25 on the train was injured. cents higher: heifers were 25 to After the crash at a level! higher with sales to crossing, the two locomotives, 41J0: cows were higher, the truck and a small wooden j and a few bulls arid at steady bridge burned. The engines I prices. i separated from the rest of the Al- A2 steers 42 to 42. A3 41; train, a westbound Canadian. !to 42- A1- telfers 40 to 4140-! fm-r-B rtf 38J5 to 39-75- Dl- D2 cows; million wheat and barley sale th? hnminl to 33-90- D3 31 to 32-25''to Soviet Union guarantees i which had Ln a W 27 to 30-50' Good bulls to "virtually an auota" on trailer, along the track to the j bridge. The bridge had to be re- placed. i CP Rail estimated at up to million. The crossing was on a dis- trict road eight miles east of Bassano which is 70 miles east of Calgary. D4 27 to 30.50. Good bulls 34 to: "virtually an open quota" on 37. farmers' grain, Al Beattae. a Replacement cattle were in; spokesman for the Alberta short supply, being mainly t Wheat Pool, said today. ,fleshy steers weighing around) "Whether it's barley, rape- damage j 900 pounds and selling steadi- j seed or even wheat, mitment in the interests of oW Commonwealth ties. But the British are deter- mined to object to the market's common agricultural policy. This includes vast programs of support for continental farms which rely more on poblic handouts than on modern metii- i ods for survival. Reluctance to subsidize agri- i cultural backwardness is one factor in British attacks on the CALGARY fCP) j program of farm-price in- creases proposed by the market commission. Another big factor is British fear of inflation, a hot political issue at home. m Quotes) MINES Acmt Asb. Akaiicho Bralorre P.m. auotesi Bethlehem E-rtinS'.McV Can. N.v.' Land Canada Tuna. CESsisr Central Cnimo Conv.-est Cons. Rprnbler Coin Lcf-9 Cocherour Apr 73 91.65A: Jly 73 94.10: Oct 7.1 96.50B: Jan 98.25B: Apr 154 Monday's volume: en ]53-i Whatever happened to "Little Kleen" and how did we get to be Alberta's leading sanitation supplier? a rtrrti' i" A i H it -if :i f now t. itftfl us: KLEEN Limited IETHBRJOGE: 236 128 ST. N. Ph. 328-6073 AISO IN Co'qnry Wfnenjon Rrt Vf-rnon Oowion Creel Grondt Dickenson Qenlson f.'.mes Deer Horn D'EIdona Dome Dona Ida Discoverv Vines East Meiartic East Suliivsi Falconbridoe Frobex First r-'.snt Y K. Hcllinoer 3av W s Hydra Er. Bovis Iron Bav Oreber Kerr Ad-i-.pi L c C- .17 1.18 1 23 250 37 li 50 J.75 705 1 85 T-25 1 30 1.7D 680 4SS .90 3.65 3450 Osisko Pine Point Placer Dev. "C Exp Quebec AAar. .23 3025 51 35 305 Oueteti Glendale it, a 1 15 235 205 71 25 Isdiore Roman" Corp. Sfierritt Gordon Steep Rock Tek Corp Texmont Uooer Canada V.'estern Wines 'A'riaht Harareaves 1.25 Wiikoy 1.10 Wjndiall .11 Yellowknife Bear 3 Zenmac -071 INDUSTRIALS Abitibi Alcan 1675 1 67 400 27 2.46 293 Atco Ino Atartic sugar fto-a Ind Bel! Tel .30 Brazil Trac B.C Tel 8 00 SL-rns 3 W B.C. Forest it vi QT suoar J3 37' 3 3OTi. val ind CAE Ind Cdn Brew 3.80 Chrrceu '1 Col Cei C YV.N Cdn Inri fdn f.jir C P.R Gas Pfd Grt Cdn OH Gen Motors Grt Lakes Pp Gulf Oil Cda .iU'-s Greyhound 1 25 Hawker Sid Hur Erie 27 Hiram Walker 8-30 imp Oil Imafca Inf Nickel Int Pipe Inv Grp A Int Util ind Accept Kaps Laurentide Kelly Doug A Loeb Loblaw A Met Stores ifi75 Massey Ferg 27 so McMillan Sloe Moore Corp 10.50 Molsons A 7 00 Molsons B Nachurs North ?0.7S Core 53.50 Price Co 18.25 Rotfcma.-s 37. SO St Law Corp 70.75 Shell CDA 31.17 Simpson's 1125' Simo Sear? 5.12': of Cda f Selkirk A 3 CO Texaco 37 75 Trrde" Gro A 1125 Trans fda Pp 1650 Gas j o; Umsf 1-. United ?5.50 Vevsali'e if T j Wesled 2900 Union Csrb 71 37'? Weston's B A ,'P West Cdn 3' SO Zwiith JP P3 BANKS Join bank rate hike ly. Insufficient stock calves to establish a market. t Good feeder steers more than 750 pounds 40 to 44. Good feed- er and stock cows 27 to 34. Hogs sold. Hog sale EDMONTON (CP) age prices to 11 a.m. '.oaay provided by the Alberta Hog Producers Marketing Board. MONTREAL (CPl Thej Edmonton: 42.50 average 22 00 3500 19 i.30 31.00 5025 42.50 33 00 3262-j.j announced 7 similar an3-one who wants to deliver (any! amount of grain) is virtually as- sured of it finding a he said in an interview. Mr. Beattie said farmers be- lieve the price was satisfactory. In Edmonton. Bill Dascavich. regional co-ordinator for the i National Farmers' Union, said j "farmers will no doubt wel- i come the announced "It is an indication of the in- creasing world demand which itself points to the need for Coal fultu re bright EDMONTON >CP) depletion of high-grade coking coal supplies in the United States point to a bright future for the Canadian industry, says a coal mining member of President Nixon's committee on the Federal Power Commis- sion. D. Ken Landers, former dean maintaining a grain reserve in j of geology at the University of Bank of Montreal and the Mer- cantile Bank of Canada today interest to rate those 24.12., i ncunced Monday by four other chartered banks. The two banks said their prime lending rate will be in- Tuesday 43.18. Calgary: 42.50 average] Tuesday 43.23. an- i Lethbridge: Nil average m- the event of gency. a future IS 37' 2 787': 13.50 750 J.70 675 2325 3025 31 25 5323 27 87-1 Tuesday 43.25. Fort Macleod: Nil average Tuesday 43.35. Total hogs sold creased to 6% per cent from six i 11.354. Average 43.19 per cent effective immediately, j erage 34.35. Interest rates paid on mm-! chequeable savings accounts will increased to 4% per cent Dollar Value MONTREAL 'CP) U.S. dollar in terms of Canadian today was down 47-50. Pound ster- j ling up 3-50 at S2.48 67-100. In New York, the Canadian Tuesday j fands at Sows av-' 'H00 at emer- 1 Michigan, expressed doubt in j an interview here that other forms of energy could satisfy i future world demands. He said coal seams In the Grande Cache. Alta. area are of high quality and should bring high prices from ad- vanced industrial countries such as .Tapan. Dr Landers predicted in- creases in the wellhead price Beef futures i from four per cent, while inter- WINNIPEG beef 13 i est on chequeable accounts wiH i futures close Tuesday. dollar was up 1-100 at 3-oO. j of natural gas would put coal. i Pound sterling up 11-100 at S2.48 i especially for gasification, in 4J-50. greater demand. 1525 1550 20 12 57 3312'z 53.55 35 13' 3 14 tt> 10 77 '2 3375 n r be increased to three per cent May 43.00B; Jly 42 70B: from 234 per cent. I The new savings rates are' i retroactive to April T. j The Canadian Imperial Bank i of Commerce, the Royal Bank of Canada, the Bank of Nova j Scotia and the Toranto-Domin-; ion Bank announced identical j Sep 41.30B: Nov 40.50X Monday's volume: tract? Eighi con- FAMILY BUSINESS MONTREAL fgg and pouHn report by 1he federal agnnilliiTf Ac To pr'xJwcers; Liv? I EPOS chicken broilers. 27. 6 and To A Sargp A over. Z9V 5 and imder fi. 27 1 Tnedivmi 50. A small 53. B 3, Fov.-l I'ndrr s-7: Turkrv C cracks 3J! under U 12 in 38. To rclaiJers. A large M-fii. A 23 t 1 ro-rdium fHWffi. A small Tisrkej' under 12. 30; 12 J To orosaroers