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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 13, 1972, Lethbridge, Alberta Oils are weak at mid-morning TORONTO CCP) Western oil issues edged fractionally lower while prices in oilier sec- tors of Hie Toronto stock market continued lo move higher in moderate mid-moi ninfr trading today. The industrial inik'x was up .GO (o 202.97. golds 1.71 to 173.M and hase metals .12 to 97.81. Western oils were down .02 to 227.41. V o I u jn e by H a.m. shares, compared with at Ihe same lime Wednesday. Banking, chemical, oil re- fining, fcod processing and gen- eral mamifacuring issues moved moderately higher while bev- erage, paper and forest, mer- chandising and industrial mining issues drilled fractionally lower. Scotia Savings was up Jj to S13, Laidliiw Motorways "i lo Bow Valley lo Rio Algom lo ami Ranger Oil 'i to 520. PetrofuM gained 3s to need Shaw Osier to Denison to Walker- Gooderham to and Stelco to Sid. Gait Malleable Iran dropped Ji to 57, Pan Ocean I, to Inco U to Texaco 'i to Day Oil and Gas to and Placer l-j to MONTREAL (CP) Prices deserted an encouraging up- ward trend lo slump in all sec- tors except utilities in light morning trading on the Mont- real slock market today. Banks, which have gained steadily all week, slipped .37 to 272.72. However-, the utilities index, wliich has been swinging between gains and losses all week, rose .11 to In- dustrials off .38 to (he composite .27 to and papers .73 to 03.15. Combined volume on the Montreal and Canadian slock exchanges al 11 a.m. was shares, compared wilh at Ihe same lime Wednesday. A HAND-HELD ELECTRIC SEWING MACHINE FORSAWL JOBS AND SOME LASSES ONES, AS IN DRESSMAKING. ITS POWERED SYORDlNARY FLASH- LIGHT BATTERIES OR RE- CHARSABLE CELLS... Peoples Slorcs fell 1 lo B.C. Telcplionc :j lo SGS'Xi, In- leriiational Lfttlities lo Monlrcal Trust !'i lo Sl'J and Laidlaw Motorways to Rio Algom Mines rose ?i lo Noranda Mines Vz to arid Ur-'.cn Cai'bide '2 to Slfi'.a. NEW YORK (AP) Stock in a i k c I prices were mixed todaj in fairly aclive (ratling. Tire noon Don- Jones average of KO industrials was slightly ahrad .00 lo 967.5C. Iii Ihe two previous sessions the market liad been buoyed by favorable [irsl-cguarlcr earnings voport.s froii] major U.S. corpo- r '.ions. Bui in Ihe late hours of trading Wednesday profit takers moved in. They were active again today. The noon Associated Press fifl-stock average was up .3 lo A block of shares of Southern California Cdison sold nt unchanged. A blocl; of of American Ur.-mds off -li to Noun prices on (lie N'evv York Stock iiicluded Re- public Corp., ahead '2 lo TeJephone. off to Pacific Gas and IClcc- tric, down 3i at Allied up IN to S351i; and Eastern Air Lines ahead to Among Canadian s, Dome Mines advanced lo SG7. Cana- dian Pacific nt and Gen- Ltd. al S1G bolh advanced "i. Dome Mines al and Granby Mining at SIBii both de- clined On the American Slock Ex- change. Brascan Ltd. declined :.i to S21'i. Livestock Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m., about 625 bead; mostly cows and slaughter slccrs. Trade was strong and active. Slaughter steers were slcady to 25 cents higher; heifers were scarce and steady: cows were in good demand and 50 ccnls higher; hulls were 50 cents higher. Choice slaughter steers .35 to 3S.60, good 34 lo 35. medium 32.25 to 33.75. Choice heifers 33.75 to 31.50, good 32.50 to 33.50, medium 29 to 32. Good cows 27.50 lo 211.50, medium 25.50 to 27..'iO, camwrs and cut- ters 21 lo 25. Good bulbs 23 lo 29.50. Replacement entile w c r o scarce but steady, quality con- sidered. Insufficient good' slock calves wore offered lo establish a market. Good feeder steers more than COO pounds and up 34-50 lo 3B, depending on weight Good feeder heifers GOO pounds and more 31 lo 34. Hogs base price 27.40. Put your Castle on Wheels. Triple-E. Tripln-E offer a full ranfic of allroclivnly priced. bnllnr IniiU Iravnl Irailnrs from fourlncn In nnly font, plus a superior fiiylit ftinl cijnipnr. All Irailors have Dura-I lex liridjjr.'-ljrarorl frames, mid innli, fully insulaloil out why sn many people say. "Tripln-K pul Wheels on a miin's Caslle." million. ThurtJay, April 13, 1971 THE IETHBRIOGE HIRAIO 25 fund coming notations Vancouver, Calgary, Montreal (Supplied by Dohcrty. McCiinig Limited) for 'growth' EDMONTON (CP) A S50 million luml lo stimulate new ami expanding L' in Alberta would be established a bill eivcn first in (lie legislature Wednesday. The fund would slarf opera- lions Iliis year with more than hall ils authorized capital SIS million capital advances, S10.8 million from existing ad- vances lo the Aluerta Commer- cial Corp. and SIGO.OOO from the Industrial Development Incen- tive Act. Fred Peacock, minister of in- dustry and commerce, said the new Alberta Opportunity Fund Acl Mill give "new direc- tion lo Hie economic growth of tlie province." An Albcrla opportunity com- pany would be created to make loans or to com- mercial enterprises. Priority would go to Alberta residents, small businesses, centres or small population, job-creating projects, research and development, marketing and export promotion, im- provement of tourist potential, provision of employment and Imsiness experience for Alberta students and encouragement of local development groups. Ixi.itis wouM not exceed 80 per cent of the capital cost of proposed facilities. The maxi- mum load would foe Research or dev c 1 opmcut loans would be limited to SO per cent of tlie cost of projecls or whichever is less, or any one project or business in any 12 month period. The amount of outstanding loans and guarantees for re- search and development pro- jects would not be able to ex- ceed 51 million at any lime. The fund would also provide for business management coun- selling services. The new company would take over the operations of the exist- ing Alberta Industrial Incen- tives Board, the Aluerta Indus- trial Corp., the Alberla Com- mercial Corp. and the Alberla Commercial Branch LAST DID OH SALE .m. QUOIM) WESTERN OILS 3 Eail Gas Asanicra Ashlar, d GP Oil Gat Can Soulh Cdn Ex Cdn Homostcf Cdn Ind Gas Oil L'dn Super Cdn Long Is Charier ChicMan Dome Pefe a.r a.m. Ouotei) 17.Of] 4D CO 7CS 3 50 7.75 9.CO Oil Gl Cd Norlh Cdn Numec Pancdn Pel Pan Ocean Pelrol Plnnnclr? Piece Ponder Ranger Scurry Rain Spowipr Ulster 1 J W. Oecalla 5. Wesl I'cle MISCELLANEOUS INDUSTRIES AqualinE 23 Iligli I'la.v -May Jlv ZSS'.a OcL 2M1 i Low Close 2B73.'i 2IH-, 2874 Jun Sop spcd Vancouver 2754 270V, 267 Nov 2671., 565 Jan 2G6'.i 563 Rapcsceri Thunder Ha May 275'i 271 'j .My 270's 26-1 Oct 2GQ Nov Oals May es'- Jly Oct Harloy May Jly joai nye May 109 Jly 10S: lOct 103'. 282 259 107' i 101's 70 109, 102 102' PONDEROSA AUTO TRAILER SALES LTD. St. ond 3rd Ave. S. Phons 327-5747 Beef futures WINNIPEfi I Jvc jbccf futures close Wednesday. May 35.05B; Jly 33.DO; j SCD 32 20n i Tuesday's volume: Two con- HusVy Oil Husky Oil B Oil War Inter Prov Pipe Inler Prov Slec Kaiser Res -V.GF Pacific Pele Rainlrr Teledynr Wcsl Crfn Serfe While Yukon WeiT V.'arrer .54 PIPE LINE STOCKS Cus A 53J Water CXWOFl to U.S. JL possible and profitable M W Gr Principal Gr Roylund Temp Gr Unlled Universal SB Vanguard Venl VANCOUVER 1 MINES Alien Churchill croytlea Dankci? 6 J4 5.W 5 54 6.4t 0.70 7.16 7.85 5.63 6.1? B.23 9.01 11 45 13 55 7.V B32 4 :Q 78.00 Ita Nal Gin 21.00 VarcJer, ilanrj naf Gas 15.67'j rd c PSL Gas Trpni 12 67' i Metro SCO 7? 00 Gai Trans Cda Pipe Trans Cdn B Trar.i Cda A i Trans Cda War WC 7runs WC Tran-i wn MUTUAL FUNDS AH Cdi AH Cdi 1 Grankl iO.JS 77.J5 13 75 .35 Primer Pyiiimld Silver SIB TexmcnT Grain prices Winnipeg Groin WINNIPEG (OP) Rape- seed prices advanced slightly at mid-session on (he Winnipeg Grain Exchange today in a strong volume of exporter buy- ing local and commission house traders on liotli sides cl the market. Flax prices also gained on hedge selling slrength and lim- ited exporter buying interest while rye prices were up slight- ly in a mixed trade. Other commodities quid, fcatureiess. Volume of trade Wednesday i was .190.000 bushels of flax, 'J.-! or rapesced and I of rye. MID-SESSION............. flax: May higher July 1 higher Oct. higher Nov. U higher Uapesced Vancouver: June higher Sept. is; higher Kov "i higiipr 2.67'AB, Jan. higher 2.G-1UB. Rapcseed Thunder Bay: May 23i higher July 2'j higher Oct. 2 higher i 2MB. Nov. !i higher Oats: May unchanged 6S3jA. July unchanged Si'.ni, Oct. un- changed 70. Barley: May unchanged July lower Oct. higher J.lOliA. Hye: May higher i.ogilA, I July J'i higher 1.02'iA, Oct. '8 higher 0 i1 a i n quotes Wednesday u ClliC All Cdn Cdn _- _ Crowsnesl Ind Cygnus A Cygnus B Fslcon Copper Gonllar Hull Day Co 1ESO Hud Bay Oil i3 Hurt Oil Pfd 5? 35 Hugh RusiEll 76.J1 5.7i 4.M 13.12'. U CO I Tiler Lev Vdllcy E.Bi V.'C K65 .08 9 10 9.55 INDUSTRIALS 10 IS 11 M Block C i 3 25 J.33 4.i2 B.C. 20 1; 7 31 BOD 0 C. Pfd 11.67'i Cap! Inler 662 SC7 55i Cresltxoct F Ind rf.10 7.C6 7.75 Vlys 3.05 14 W lots'? Inlcrlcr 370 3.97 4.3i Inler Mariner 17 61? 4 7i Key Indusl 5 34 534 Pot-Ilir W Al Corp Corp Drc-ylus F U s. 15.M Slamptde Inll Res Gr In shares 4 09 J.S? OIL5 Gr Equity fl.31 Albany Oil Invel.' Gr F IJ37 plains Pt'e invcsi V.ulLfal 565 64SV.cil Explcr 1 3d WE.NATCIIEE, Wash. fA P) U n i v e r sity of Alberta Roocrapher predicts that water Schuy said studies have inrli- cated it could cost JCO per acre- foot to divert 10 million soulhvesl WDS affirmed h.v Arizona official, Wesley Sleiner. executive director of the Arizona Water Commis- sion. "1 am far from convinced, as political, environmental a iul j efits derived at the receiving; are manv of my colleagues in economic obstacles. j end would amount to about ?30 t h e southwest" that at Ihe. Dr. Arleigh II. Lnycock lit per acre-foot. prices it would be necessary tn transfer may hccomo possible I feet of walre from the CoUim- betn-ccn Canada and the U.S. I Ilia River basin to the south- in the future despite west, wltilc Ihe economic hen- Edmonton told Hie annual Resources Schuy said alternative metis- charge for importing water ods of providing water to the lhr> (.'uhiinbia. there lonfcrence Wcrtnesday t h a 11 southwest might be less costly. sufficient demanil tn 'anada has an annual stream-1 but sut'i'csled Ibe n o r t b wc'sl make an import project eco- nominally ju-tified or linancial- Schuy's view of the cost of mlerbasin water transfer lo the Wenatchcc M'orld Confci'ence C; flow double that of tlie 48: should "'take states, aside from Alaska and fude tha Hawaii and has no potential lo ovcr lhc .salc- use more ihan three ncr cent 0; it j lion of its resources Canada might gain SSOO mil- lion to 51 billion a year from sale of. one per cent of its water supply, he said. However, he added, talk of water export to the U.S. is now "widely considered to be tra- itorous" in Canada because of a surge of nationalism wrought by recent American economic actions. T.ayc.ock and other water management experts at the conference oil "Water A is uilling to ne-: ly Stciuer said. j lie said if was doubtful that 1 i cither agricultural or imlus- Liial users vuniM be willinp lo bear the cost of such importa- Red Deer College continue Byrne HKI) DK.F.H (CPl Further "a concerned adminislration inrjuiries into the nffair.s of lied to do ils Eastman and Toronto mines, Industrials (Supplied By Hiclj.irdson Securities of Canada! LAST DTD OR SALE n.m OuoHSj MINES Oiisko Advorale Asb. Akailcho Rralarne Broutdn Bethlehem Brunswick Cassiar Central Pal. Chioio Conv.est Com. Rambler Coin Lake Cochenour Craig monl Mines Denison Minos Deer Horn D'Eldona Dorne A i dona Mines Fast Malarllc Sullivan Frotex F-irst Warillmer, Giant Y.K. HeiU.vay R.L. Hollinger Ray M-S Hyrfra Ev. Iron liO Juliet Quebec hCerr Addlior. Key Anscon L abrador Lake Shore Langis Silver R.L. Malartic G.F. Warlin Nu Homei Mevj Alhona tin ft CBlumel V.'. Horse Capper Ncranda Ntxlhga'e Norlex 1 65 Placpr Dev P.C. Etp. 3.70 Quebec Wa .Ji Ravrock Rio Alqom DQlaiLO 33 37Va Cable o( Arner 3.20 Gl Cdn Oil .11 Gen (Valors 1 :-0 Gf L sKei Pap W Gun Oil Cda Greyhound 1.0? 7.70 1.B5 .10V7 22 1.00 35 671 -Oi Shcrrill GcrrJc Silver filler Sleep Rock TEk Corp. Te-rnunf Upoer Canada S.05 Hi' -CS JO S S? 3.U 3.70 Wright Hargreaves 1.15 Yellov. knife Bear t.W Zenrnac .11 INDUSTRIALS Atiribi 8.6T.I Akan Algoma Sleel M.7S Atco Ind 11.25 4 871 Huron, Lrie Hiram Walk Imperial Oil Imaica Inl Pipe Inv Gt> A Inl UlllltfM Indus) Accept Laurentidc Kelly Daug A Lceb McMillan Blc Moore Corp 6.10 C2.M 17.12'i M 19. CO 2.9S 79. 44.75 33.25 7? 03 33.75 33. G3 ft? 'a 75 IP. DO 13.75 A n 3 vb 24. iO Agra Ind Bell Ttl Braiil TrflC B.C. Tel Burns O.C. Foresl B C. Sugar Dov; Valley CAT Ind 13.75 13.00 31.00 orth, Cenl ower Ccrp rice Co -cw Cdn Chtmcell Col Celluloae Cal power C.W.N. Gas Cdn Wartsnl Cdn Viewers Chrysler CPR Con-tinco Con; Balrt Corii Gas Cdn, W.N. Gas Dist Sea Dom Domlsr DDTI Tewllle Dam Stores Dome Pile 7.CO Sinp Sears Sieel of Can 5.37' j SrlkTrl: A 3 IS T5..TCO 1S.1S Traders Gp A 1.70 Ti-ins Mtn Pp Trans Car; Pp 125 II 75 35 CO U.7S 27.75 9.75 1? 03 11 7J B71 j Uni i Gas Union VersdHle Union Car Wc on'5 s A V.'cif Cdn 5d Zenllh Elec BANKS Can Imperial 18.35 27.50 i M 37.00 3J.75 Nova 1575 Royal Tar.Dni York stocks (Supplied By Richardson Securities of Cannda) Corps of lold (he conference that economic and utility problems and current government attitudes musl he (or bcinp "inimnlurc" and bavins lost tlie programs, lie expected Ihis woulrt sited I co-opcra- LighL on the issue of pnoriltos j tjnn of nm, olh. i I" al lllc collogc, a major issue dealt willi hciorc waler can be al ,hc to -10' used iiilcr-rcgionally. Inler-i-Rrrional transfer proposals arc now under a 10- year federal moratorium while the U.S. interior department studies the matter. Clarke said tlial before briefs were submitted Mr. Vu-ight, who rlr.scribcd Gordon Wright of Edmonton, porlioiis nf a IcnftUiy studcnis' counsel for college president j brief us "rot." said Drs. East- Mcrvyn Eastman and vice- man and Piters unfortu- presiclent Piters, said in nale in llial they came into of- provinp wafer as more than "a loc at or regional resource.'' the government would consider whether (here was a recogniz- able surplus in a single area, whether there are imperative 1 needs in ether areas, whether there is enough water to meet all foreseeable needs, and whether one region is clearly imbalanced wilh respect lo wa- ter supply oven considering ecological chnnpcs that might lie wrought by diversion. David Schuy, assistant direc- tor of the Washington Wai or Research Centre, .said the transfer of water from the norllnvesl to Ilie southwest would be uneconomical. liis closing statement to the (ice at licariug that Ihe executive was i sthnpcnc timu of financial Oupon GM Guif In) Ha Kcnn and T '300 tears Ja Sid Oil rf eel 3JOO Gulf r jS.371! Texas Co W..1J1] Wlckci Ccrp V.'oolwortrt S3 371'j J5-7S US. Sleel TORONTO 115 10 Golds 179 63 up 1 67 NJ. 70.7i 10 98.19 up .W llJ.m'i li W Oils M6.97 oil ,J1 Volume YORK AVERAGES <300 53 IndLSt 967.5d up Elcc J3.75 3a Rails 375.TJ oil 51 31.M 15 Ufililies 111 33 27 AVERAGES Stocks 333.B1 off .It 3.72 up .31 Volume B.SM.OCO WEST COAST SEAFOODS Truckload Sale Of FRESH FISH and SEAFOODS WILL BE HELD AT FORT WHOOP-UP SERVICE Thurs., April 20th and Fri., April 21st From a.m. to p.m. Hog prices EDMONTON (CH) Aver- age juices to 11 a.m. provided by t'oc Alberta Hog Producers Markeling Board: EdmonCon: 27J5; average Wednesday 27.44. Deer: nil; average Wednesday 27.46. Calgaiy: 27.40; a v e r a ge Wednesday 27.'10. LtillibridRc: Nil; average Wednesday 27.-15. Lloydminslcr: Nil; average Wednesday nil. 1003 4lh Avenue S., Telephone 328-4426 c- Grnnrte Prairie: 2G.35, average MUST SELL IMWIEDSATELY IBM LAKEVIEW ROAD 5 bedroom home (3 upstairs, 2 down) One block north of College Mull 2 balhi (1 up, 1 down) fully carpeled up tind down Completely finished basemenl (rumpus room) Landscaped Fenced 18 monthi old Call JOHN HAIBECK PREFERRED REALTY Office 328-3420 Residence 327-4436 DRILLING AND MATERIAL TESTING TECHNICIAN Salary to Department of Public Works EDMONTON, Alberla Public Service Fonclion publique Canada Canada DUTIES; Under dircclion carries oul gcotechnicol siln invesli- operoics to si baring equipment end conducts field lesls; ma in I a ins drilling and ouxiliary in flood operod'ng condtrionr carries out routine lesh'ng; labufofes daloj ods os field technician on paving projecli, highway conitruclion, concroie worV. QUALIFICATIONS; Several years of dlreclly rclafcd cxpcricnrc or an equivalent combine I [on of education, Iraining nnd ex- perience, Quolc Campelilion No. 72-C-770, Forward "Application for Employment" (Form PSC 367-401) available of Poir Offices, Canada Centres nnd Offices of lhc Public Service Commiision of Cnnada, to ;hc: Public Service Commmian, 300 Confecfoj-alion Building, 10355 Jasper Avenue, Afberfa. NOTICE Effective April 10th Our Phone Number HAS BEEN CHANGED to 328-1101 CONNECTING ALL DEPARTMENTS DEPT., SERVICE DEPT., PARTS DEPT., AND USED CAR DEPT. Beny Chevrolet Oidsmobile 2nd Avenue ond filh Slree) S. Lt-thbridge Canadian Western Natural Gas Company Limited Share Exchange Offer Over of thr publicly lirld ordinan' shares of Western Natural GAP Company Limited been tendered in acrcptnncc of the offer by Caliadiiin I'lilities, r.imited to exrhaugr its ConvertiMr. Second IVefcrred Slures for shares in Canadian Western. The ofler is still open but expires on May 10, 1972. We recommend that the remaining Canadian Weslern sliarcholders accept the offer by depositing their shares in accordance vith the official offer dated January 7, 1972. may be through your investment dealer or broker, through the undersigned or at ofhces of Montreal Trust The offering circular contains details of the fees pay.ible to dealers. Wood Gnndy Limited NesbittThomson Securities I.imilnl ;