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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 13, 1972, Lethbridge, Alberta ___. Thmday, April 13, 197} THE IETHBRIOGE HERAIO 25 Oils are weak at mid-mornins; million fund coining for TORONTO (CP) Western oil issues edged fractionally lower prices in other sec- tors of the Toronto stock market continued lo move higher in moderate nml-moining trading today. The industrial index was up .GO to 202.07. golds 1.71 to 179.W3 and base metals .12 to 97.81. Western oils were down .02 to 227.-51. Volume by 11 a.m. was shares, compared with at the same time Wednesday. Banking, chemical, oil re- fining, fcod processing and gen- eral mamifacurJng issues moved moderately highev while bev- erage, paper and forest, mer- chandising and industrial mining issues drifted fractionally lower. Nova Scotia Savings was up IB to Laidlaw Motorways to Bow Valley ?s to Rio Algom to and Ranger Oil to gained 3s to S2-i3i, Reed Shaw Osier to Denlson to Walkcr- Gooderham to and Stelco to Gait Malleable Iran dropped i-> to Pan Ocean i to sn'.i- Inco !A to Texaco to Hudson's Bay Oil and Gas to and Placer ft (o MONTREAL (CP) Prices deserted an encouraging up- ward trend to slump in all sec- tors except utilities in light morning trading oil the Mont- real stock market today. Banks, which have gained steadily all week, slipped .37 to 272.72. However, the utilities index, wrliich has been swinging between gains and losses all week, rose .11 to 1M.39. In- dustrials were off .38 to "06.09, the composite .27 to 204.95 and papers .73 to 83.45. Combined volume on the Montreal and Canadian stock exchanges at 11 a.m. was shares, compared with at the same time Wednesday. Peoples Stores Ml 1 to B.C. Telephone to A, in- ternational Utilities to S50, Montreal Trust l'i to Sl'J and Laidlaw Motorways to Rio Algom Mines rose >s to Noranda Mines to S31H4 and Urr.lcn !z to NEW YORK (AP> Stock in a i k e t were mixed todaj in fairly active trading. Thc noon Jones average of industrials was slightly ahead .GO to In the two previous sessions the market had been buoyed by favorable first-quarter earnings reports from major U.S. corpo- r lions. But in the late hours of trading Wednesday profit takers moved in. They were active again today. Thc noon Associated Press fiO-stock average was up ,3 to 345.9. A block of shares Southern California Edison soli at unchanged. A block o of American Brands was Off -la to Noon prices on the New York Stock Exchange included Ke- pnblic Corp., ahead 'i to International Telephone, off to Pacific Gas and Mice trie, down at S2B-is: Alliei Chemical, up to S35Va; am Eastern Air Lines ahead to Among Canadians, Dome Mines advanced ?i to Cana- dian Pacific nt and Gen- tar Ltd. at both advanced Dome Mines at and Mining at both de- clined Vi. On the American Stock Ex- change. Brascan Ltd. declined tO ?2176. AH AMD-HELD ELECTRIC MACHINE FORSMAIL JOES ANOSCWE UARSER ONES, AS IN DRESSMAKING. IT'S FWEfiED 8YORD1NARY FLASH- LIGHT BATTERIES OR RE- CHARSABLECEUS... fORSHAG KU6SAHP cAopfTs. irHASume Livestock Calgary livestock CALGARY (CP) Receipts i the Calgary livestock mar- ket to 11 a.m., about 625 head; mostly cows and slaughter steers. Trade was slrong and active. Slaughter steers were steady to '25 cents higher; heifers scarce and steady; cows were in good demand and 5C cents higher; bulls were 50 cents higher. Choice slaughter steers 35 to 35.60, good 34 to 35, medium 32.25 to 33.75. Choice heifers 33.75 to 34.50, good 32.50 to 33.50, medium 29 to 32. Goot, cows 27.50 lo 211.50, medium 25.50 to 27.50. canners and cut ters 21 to 25. Good bulls 28 to 29.50. Replacement cattle w e r o scarce but steady, quality con sidered. Insufficient good slock calves were offered lo establis a market. Good feeder steers more than GOO pounds and up 34.50 lo 38, depending on Good feeder heifers liOO pounds and more 31 to 34. Hogs base price 27.40. EDMONTON A S50 nillion (uud to stimulate new ml expanding enterprises in would be established iy a bill given first reading in he legislature Wednesday. The fund would start opera- ions Ibis year with more than ial( ils authorized capital 15 million capital advances, 10.8 million from existing ad- vances to the Alberta Commer cial Corp. and from the industrial Development Iticeti- ivc Act. Fred Peacock, minister of in- dustry and commerce, said he new Alberta Opportunity Fund Act will give "new direc- tor, to the economic growth ol the province." An Alberla opportunity com- pany would be created to make loans or guarantees to com mercial enterprises. Priority would go to Alberta residents, small businesses centres of small population job-creating projects, researcl and development, marketin: and export promotion, im provement of tourist potential provision of employment business experience for Albert? students and encouragement o local development groups. not exceed 8 per cent of tiie capital cost o proposed facilities. The max' mum load would he Research or dev c 1 opmcr loans would be limited to SO per cent of the cost of projects or whichever is less, or any one project or business in any 12 month period. The amount of outstanding oans and guarantees for re- earch and development pro- ects would not be able to ex- ceed million at any time. The fund would also provide ror business management coun- elling services. The new company would take >ver the operations of the exist- ng Alberta Industrial Incen- ives Board, the Alberta Indus- rial Corp., the Alberta Com- mercial Corp. and the Alberta Commercial Branch, Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Do hefty, McCunig Limited) LAST BID OH SALE a.m. CJvolesI a.m. Ouclei) a.m. WESTERN OILS ater export to U.S. possible and profitable Alfa East Gas mera Ashland GP Oil Gas Can Soulh EK Ges HorncstcJ Cdn Ind Gas 0 Cdn Super Cdn Is Charier Chiellan Dome Pefe Gt G1 Cdn Oil Locnlel Norlh Cdn Oil S.iO 5.20 7 05 3.SO 7.75 9.CO .59 490 War Pipe HusVy Oil Husky OH Husky Oil Inter Prov Inler Prov Steel Kaiser Res Pacific Pc1e Sand.-.ell Rainier Tdedyne Wcsl Ccfn SecTe While Yukon Wciffield CALGftRY Acroll 40 CO 15-00 9.42' 3.50 3.70 3d.DO Mutual Ac Mutual Gr l.'al RES U W Fin N W Gr Principal Gr United Ac Universal Sav 8-3 Vanguard Ccmrv.v Venl 7-5 VANCOUVER MINES Alton 5.92 6il 416 67? 7.36 5.12 543 6.JS 5-CW 5.56 fi.70 '-85 5.63 6.1? .04 Petrol Pinnacle Piece Gas Ponder Ranger Scurry Rain 'n .13 70 00 15.75 9J 4.20 Mad is cm rJorih Cent ,02 West V.'arner -Si PIPE LINE STOCKS GJ5 A Alia Gas Pfd 78.00 Alia Nat 21.00 Inland Nat Gas 1S.87 N and C Gas N and C 5 Pld Psc. Gas Treni Gai Metro Arctic Wining Alias Explcr Balh Norse Churchill Croytfen Dolly 13.75 Tol.il Ulster >.J W. OecaHa 5. Wesl Pete MISCELLANEOUS INDUSTRIES Ga Trans Cda Pipe we i Wai 12 f. CO 77.00 4Q-2S 77.75 13.7S 30-75 11-75 Lcrnex Lylton PAir, 5-05 E 25 9.75 .57 WEXATCIIEE, Wash, f A P) U n i v e r sily of Alberla predicts that water Schuy said studies have indi- cated it could cost JCO per acre- foot to divert 10 million acrc- Confcrcncc Wednesday thai Canada lias nn annual stream- flow double that of the states, aside from Alaska and Hawaii and has no potential to southwest was affirmed by an Arizona official, Wesley K. Steiner, executive! director of the Arizona Water Commis- sion. _______ "1 am far from convinced, as a ncij efils" derived at I ho receiving; arc nicmy of my colleagues in end would amount to about t h c southwest, Ihal at the per acre-foot. prices it would be necessary tn Sclmv said alternative meth- charge for importiiiK ods of' providing water to ihc from thr- Cohmilna there transfer may become possible! feet of watre from the Colum- liBtsvecn Canada and the U.S. I bia River basin to the sonlli- in the future despite existing! west, while the economic bcn- environmental economic obstacles- Dr. Arleigh (I. Laycock of Edmonton told the animal Wenatchce WorW Resources ilmn ll.rcc per cent Canada might gain mil- southwest might be'less costly. a sufficient demand to but sum'csled the northwest an import project ten- L nt. .should take a positive atti- tude thai it is willing la ne- gotiate over the ol a per- Aqualir Brinco Cdn E Cygnus B Fslcon Genslar Hone A Home B Hud Day Co Hud Bay Oil Hurt Bay Oi! Pfd Hugh RUHLEH Vallev Cocpsr 6-65 MUTUAL FUNDS WC Res C8 All Com 910 9-55 INDUSTRIALS All Cdn Divid 1015 11 M Block C.i 325 All Cdn Veal -1.33 B.C. Sucar 10.IS'. Amr Gr F B.C. Pfd 15-G7' AGF Special 3.69 Capl Inter 662' Cdn In F 5.07 5 56 Creslbrock F Ind Ccl A'.utual 7-C4 7.75 Vlys 3.05 Crnnw Inter 14.M la.09 Inlcrlcr Brew 370 Cmn.v Lev 4.3i Infer Mariner Q7 Ccrp Ir.vest 4.1? 6.7i Key Indusl Corp In SI F 5 34 5 36 Pacilir W Air Drc-ylus F U S. 13.96 15.M Sfamptde Inll Res 1.14 IB.50 Gr In Shares 4 09 4.SO OILS d3 Gr Equity 8.21 Albany Oil -85 5? !5 Inve'J Gr F 1337 13.52 Plains Pete 74 2B73 invest Wutual J.SS VJtsf Explcc .15 23.75 30.50 sa.c-o 5.75 6.00 13.12V; U CO 18.50 on of its resources. Schny's view of the cost of lion to billion a year from inlcrhasin water transfer lo the i tion sale of one per cent of its water supply, he said. However, he added, talk of water export lo thc U.S. is now "widely considered to be tra- itorous" in Canada because oE j a surtfe of nationalism wrought i by recent American economic' actions. i and other water! management experts at the i nonncally justified or finam'ial- lv Steiner said. He Kairl it was donbtEul Hiat either agricultural or inrlus- Ltiiit users would be willing to hear Hie cost of such iinporta- Red Deer College probe will continue says Byrne HED 'CPi 1'urlher jnt0 the affairs of Red Toronto mines, industrials (Supplied By Ricljarilson Securities of Canada) LAST BID OR SALE "n concerned administration Irving to do ils job." conference on "Water A 1 wju he made lie- said Drs. Eastman and Continental con- j (on! a firaj renort js prepared, pjtci-s were in a position of cenlratcd mainly on transfer of T c nvrne. said hoinp "damned it you do, from the northwest U.S. al elu, of nine o( I if JQI1 don't." ings llle institution's state. c( thc criticims In the Among the additional inqui- wils ji.-cctcd at the ad- rios. Dr. Byrne said, will he a i Dr. Eastman, financial Put your Castle on Wheels. I-E. Triple Grain prices Winnipeg Grain WINNIPEG (CP) Rape- seed prices advanceci slighlly at mid-session on the Winnipeg Grain Exchange today in a strong volume of exporter buy- ing with local and commission house traders on hoth sides of thc market. Flax prices also gained on hedge selling strength and lim ited exporter buying interest while rye prices were up slight Jy in a mixed Irade. Other commodities wen quiet, featureless, Volume of trade Wednesday I was bushels of flax, 3.- i or and of rye- MID-SESSION............. Fiax: May higher 2.88UA, July 1 higher Oct. higlier Nov. Vi higher Rapesced Vancouver: June higher 2.781sB, Sept. higher Nov higher Jan, V4 higher Rapeaeed Thunder Bay: May JI higher 2.76VjA, July i higher 2.67VaB, Oct. 2 higher! 2.62B, Nov. l-z higher Oats: unchanged July unchanged Oct. un- changed 70. j Barley: May unchanged July U lower Oct. lu'eher l.lOtiA. Rye: May higher 1.09V4A, July higher Oct. u higher I.02VJ5. Grain quotes Wednesday fhasis he a.m. Oual MINES Advorale Asb. Akailcho Canada Central Pa1. Chimo Conwest Cons. Rambler Coin Lake Cochertour Craig mcnt Dlekemon Mines Denison Minos Deer Horn D'Eldona Dome Mines Aldona Discovery Mines MalarHc Sullivan Falconbrldge Frofcex First Giant Y.K. Rovis Granduc V85 Placer Dev .50 P.C. Exp. 2.70 Quebec Man .25 Ray rock tt.U'6 Radiore 3.95 Rio Alqom 1.5S Roman Corp. 00 Shcrrilt Gcrdcn 1.09 7.70 Miller Sleep Reck 39.50 Td of Arner 3.20 Gt Cdn Oil .11 Gen Motors l :-o or LsVes Pap .79 Gull Oil Cda 17.HV-1 Greyhourid 9.05 Hav.'ker Sid (5-371.3 Huron, Erie .05 Hiram Walk Imperial Oil S.75 S3 Nickel In1 Pipe KOO 35 .05 Wright H WindEaEI 3.70 ves 1.15 1-20 Bear rnac INDUSTRIALS .71 Hollinger '3.10 Hudson Bay M-S 34.C-0 Hyrfra Ex. n Bay Allan Sugar Agra Ind Bell Ttl Brazil Trflt B.C. Tel D.C. Foresl B.C. Sugar Dov; Valley CAE Ind 14.25 11.25 13.75 72.00 63-00 I J.I 2V 21.00 Cdn cel! Jo I let Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malarfic G.F. Martin Me Me fly Mac Inly re Intern Mogul Nu Homei Mevj Athona r CaK net 1025 9.W .1? V.'. Horse Coppei Chtnn Col Cellulo Cal Power Coron credil C.W.N. Gas Crin Indus! Cdn Marcsnl Cdn Vic'riers Chrysler i CPR Comlnco Cons Bath Gas Cdn, W.N, Gas Dist Sea Dom Bridge DomJar Dom Textile Dom Stores Dome Pete 7.00 7. 5.37V -1 ?5 25.25 1.20 12.00 3.25 11.75 1-US 27.75 9-25 19.03 27.00 12.67', IJ.75 In' Int Ulllltfei Indus! Accept Laurerdide Kelly Daug A Lceb Lobliw A S1ore i Masscy Ferg McMillan Blct Moore Ccrp i A Mo Is on s B North, Cent Power Corp 1'rice Co Rolhrnans St Law Corp Shell CDA Simpson's Simp Sears Steel of Can Snlkirl: A Traders Gp A Trans Mtn Pp Trans Can Pp water to the arid southwest and transfers between Hie U.S. and Canada. i Lieutenant General F. J.. Clarke, chief of the U.S. Army Uni Gas Union Oil Versallle Mfg West eel Union Car West on'5 B Woodward's A West Cdn Sri Zenllh Elec i BANKS Can Imperial Montreal Nova Scotls Royal 32.25 00 13.75 32.00 19.00 13.75 6. on 24. iO 22.50 23.25 13-75 8.00 21.00 .42. 25 25.75 "34.50 31.62'') 19.50 -1-J.25 42.131 i M.7S Corns of Engineers told the conference that economic and utility problems and current government attitudes must fie a] dealt with before water can be I us ed iiUer-rc gionally Inter-rngional water transfer proposals are now under a 10- year federal moratorium vbile the U.S. interior department studies the matter. Clarke said that before ap- proving water as more than "a local or regional the government would consider whether there was a recogniz- able surplus in a single area, whether there are imperative needs in ether areas, whether there is enough water to meet all foreseeable needs, and whether one region is clearly imbalanced with respect to wa- t er supply eve n consi dering ecological changes that might be wrought by diversion. David Schuy, assistant direc- tor of the Washington Water Research Centre, .said (he transfer of water from the n ort Invest to the sou th west would be uneconomical. the flo ial one, particularly into i n heavy verbal low of funds to various 1 [or being "immature" programs. He expected this would shed I g j ami bavins lost the trust, ['Oiifidencc and liglit on the issue of priorities j tion of smdcnis and olb- al the collRge, a major issue; ers .1 thc hearing to which 40 j J who briefs were submitted. to Gordon Wright of Edmonton, j portions of a lengthy students counsel for college president brief as "rot." said Drs. East- ud vice-f man and Piters were unfortu- Mervyn Eastman presirtent Honald Piters, sr.id in nate in that they came into of- his closing statement to the fice al a time of financial hearing that the executive was i stringency. 71 75 Ifi.M 18-35 27. 6.C-0 2 75 3E.OO 3.1.871, J3.75 Trlpln-E offor a full of allractivnly bnttorbuHf travel trailrrs from fourleon lo luniity font, plus ?i snporior ftinl truck ciimpiir. All trailers bavo Durn-l-'lex axles. bridgn-hrncoci Ernmes, nnd Uvo innb, fully insulated walls. Find out why so many say, "Triple-K put Wheels on a mnn's Caslln." DeFh Sleel Chrysler Comsat New Yorfe stocks (Supplied By Richardson Secnrities of Canada) nnd T 4JOO Sears 10 Golds 17962 Up 1 67 Std Oil of NJ. 70.75 10 Base Met 98.18 up 3400 Texas Gulf 119.12V3 is w Oils oil .il 35 37Vs Texas Co Volume 66l2i-i Wlckcs Ccrp YORK AVERAGES 171 37I-? V.'oolwcrth 4JM 30 Indtst 967.56 up Etcc J7.75 ?Q Rails 375.1J olf uSi 31.M IS Utililies 11153 off cr TORONTO AVERAGES Stocks 333.B1 off .IS 30'25'S 20 Indust 703-72 up ,35 Volume ana 1003 4lh Avenue S., lethbridgc Telephone 328-4426 Hog prices EDMONTON (CP> Aver- age prices to 11 a.m. provided by IJie Alberta Hog Producers Marketing Board: Edmonton: 27.45; averago Wednesday 27.4't. lied Deer: nil; average Wednesday 27.46. Calgaiy; 27.40; average Wednesday 27.'W. Lolhbridgc: N i 1; average Wednesday 27.45. Lloydminstcr: Nil; average Wednesday nil. Grande Prairie: Nil: average Wednesday 20.35. Kla.v May Jlv Oil N'ov Hup Jim Scp K'OV Jan Nigh Low 287J.i Close 287'i rsppfl Vancouver 275'i 27 llis 270Vi 267 267'. i 265 363 270 U 264 Rapeseed Thunder Bay May 271 :i '273'i .My 265'2 262'2 265 Oct 2GO 259 2CO Nov 253 Oats May .My Oct 70 Ilarley .May 109, Jly JOS'.i 109'i Oct n.ve May 109 107' i 1084 Jly 101's 102 Oct MUST SELL IMMEDIATELY 1811 LAKEVIEW ROAD 5 bedroom home (3 upstairs, 2 down) One block north of College Moll 2 bairn (1 up, 1 down) fully carpeted up ond down Completely finished basement (rumpus room) landscaped Fenced 18 months old Call JOHN HA18ECK PREFERRED REALTY Office 328-3420 Residence 327-4436 WEST COAST SEAFOODS Truckload Sale Of FRESH FSSH and SEAFOODS WILL BE HELD AT FORT WHOOP-UP SERVICE Thurs., April 20th and Fri., April 21st From a.m. to p.m. PONDEROSA AUTO TRAILER SALES LTD. 20th St. ond 3rd Ave. S. Phona 327-2747 Beef futures WINNIPEG Live 1 beef futures close Wednesday. Hay 35.05B; Jly 33.90; j SCD 32.20B i Tuesday's volume: Two coil- tracts. NOTICE Effective April 10th Our Phone Number HAS BEEN CHANGED to 328-1101 CONNECTING ALL DEPARTMENTS SALES DEPT., SERVICE DEPT., PARTS DEPT., AND USED CAR DEPT. Beny Chevrolet OMsmobile 2nd Avenue and 8lfi Street S. Lcthbridge Public Service Fonctibn publique 't> Canada Canada DRILLING AND MATERIAL TESTING TECHNICIAN Salory to Department of Public Works EDMONTON, Alberta field good DUTIES: Under dkcclion tarries out geotechnicol silfi i garions; operates test boring equipment end conduct: lests; maintains drilling and auxiliary m operating condition; carries out routine laboratory labulofes daloj ocls os field technician on paving highway construction, concrete work, QUALIFICATIONS; Several years of direclly related experience sr on equivalent combination of educolfcn, Iraining and ex- perience. Quolc Competition No. 72-F-770. Forward "Appliedtion for Employment" (Form PSC 367-401) available of Post Offices, Canada CenUcs nnd Offices of tho Public Service Commission of Cnnada, to ?hc: Public Service Commission, 300 Confederation Building, 10355 Jasper Avenue, Edmonton, Alberta. Canadian Western Natural Gas Company Limited Share Exchange Offer Over of thc pnhlir Iy tirlcl ordinary shares of Canadian Western Natural Ga? Company Limited have been tendered in acceptance of the offer by Canadian Utilities, Limited to exchange its Convcrtililn Second Preferred .Shares for shares in Canadian Western. The offer is still open but expires on May 10, 1972. We recommend that llif remaining Canadian Western sh.ircholderH also accept the offer by depositing their ordinary shares in accordance vith thc official offer dated January 7, 1572. Shares may he deposited through your investment dealer or broker, through the undersigned or at offices of Montreal Trust Company. Thr offering circular contains details of the fees payable to dealers. Wood Gnndy Limited Nesbitt Thomson Securities I.imifril ;