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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 15, 1972, Lethbridge, Alberta Rapeseed glory fades a little ------------------------------------_ lolurclny, April 15, 1972 THE LFTHBRIDGE HERAID Alberta seeks better share of Canadian sugar market THE IIKRALD lJun-1111 EDMONTON' AllxMla 15 pressing Ottawa to local sugar producers a larger stiare of the Canadian market. Agri- culture Minister Htigli Ilorner said Friday in tlio legislature. UOUK Miller fSC Taner- charged in the ques- tion period ttiat 5 per cent o( Inc sugar consumed in Canada is imported. Outside the house, Mr. Miller said the Canadian government has never on the world sugar markel, preferring in- stead to have surplus sugar from other countries 'dumped' here at low prices. Canadians pay such n low price for sugar from foreign countries (hat the government prefers to subsidize sugar pro- ducers ralhcr than help them find markets, However, in 1971 for the first time In memory, local sugar sold so well thai Ihe federal government paid no subsidy, he soid. EDMONTON (CP) H may be near midnight lor Canada's Cinderella crop 03 Prnirie pro- ducers apparently Intend to plant 37 per cent less rapesced this year than they did in 1871. Last year, Prairie farmers planted a record 5.4 million nci-es, resulting in a bumper 100-million-bushe! crop. Al- though prices were depressed early Iliis year ivilli a )0-million bushel carryover, the market rebounded early in March. Statistics Canada estimates Prairie acreage will be reduced to 3.4 million acres from 5.4 million last year but siil! well above the 2.1 million acres grown during the 1906-70 period. Tlie figures could change drastically by the time farmers are able to start planting. Rapesced production has grown fantastically in Canada during Hie last four years. First grown during the Second World War, on about acres, it was used by the navy as a mar- ine oil because it could cling to Etcam or water-washed melal. This market disappeared after the war and the crushed oil was used in cooking or as a salad oil. USED IN' MAKGAltlNE In the 1960s scientists evolved a process in which the oil could be used In margarine, hut within the last two years con- cern was expressed in Europe that the oil's acid caused heart damage In animal tests. Now, varieties low in erucic acid, or free of it, are available and the switch to these varieties Is expected to be completed by 1974. J. S. Carnu'ehael, an econo- mist of Ihe federal agriculture department, says although world demand for edible oil- Feeds will continue to increase, Ihere Is a possibility world sup- plies could increase faster, and lower prices would result. "There seems little reason Why an improved product such as rapeseed should not sell in greater volume providing Canadjan rapesecd Is compe lively priced." Mr. Carmicbacl said It has been a year of decision concern- ing the use of low-crucic-acid seed in future years. "It appears that low-cruclc- acld seed will be the only seed accepted by the Canadian food .nduslry In (lie near future and hat importing countries nlso ire prepared to Most gains erased H. H. Smith Ltd. Customs Broker Bond prices Supplied by Dohcrty McOuaig Limited GOVERNMENT OF CANADA BONOS Sept. 1, '72 99.90 100.10 Oct. 1, '75 96.50 97.50 Jill. 1, '78 10-1.50 105.50 ft Sept. 1, '83 79.00 BC.1X) Pcrp. 3 T. Sep. 15 40.00 42.00 Apr. 1, '75 100.50 101.50 Jul. 1, '75 101.50 102.50 Sept. I, '92 62.00 04.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta 8-liS. Ontario 7 V, Ont Ilyd 9 New Br 9W% N'fld 8 N. S. 6Vz'.i Quebec 73i% Albera OVa'-i Man Hyd fl Sask 8Vi% Nfld AGT 0 Man Tel 8 r. '90 103.00 '83 00.00 'ill 10G.OO '90 109.00 '7-1 101.00 '92 B8.00 '74 101.00 '90 104.00 '91 97.00 '90 105.00 'DO 108.00 '74 102.00 '74 101.00 105.00 92.00 100.00 111.00 103.00 90.00 JOG.OO 99 107.00 110.00 104.00 103.00 INDUSTRIALS COUTTJ Phont Alta G T A lean B.C. For B.C. Tel DVa% Bell Tel Bell Tel CP Ltd IK1% CP Sec Cdn Ufii DW CWNCf SWi Gulf Oil a'i'.t Inter P P 9M Masscy Noranda Inl. Nickel N and C G St of Cdn Tr Cdn P Tr Cdn P 10% '90 1M.OO '91 103.00 107.00 '92 106.00 108.0C '00 106.00 108.0C '79 100.00 108.00 '93 108.00 110.00 '89 104.00 106.00 '90 104.00 106.00 '91 105.00 107.00 'SO 1C3.00 1C8.CO '90 103.50 105.5C '90 10C.50 108.5C '80 103.50 105.5! '99 IOG.OO loa.rx '90 106.00 lOB.Of '91 106.00 108.0C '90 105.00 107.0C 'BO 106.00 108 CC '90 103.00 110.0' CONVERTIBLE! Alia G T 'DO 133.00 Cons Gas S'.z'.l '89 9G.CO 93.0C Dynasty 7 ri Sfj.OO lo Acklands '88 96.50 97.5C Scur Rain W.'c '08 89.00 TT Cdn P 5 "To '89 107.00 WC Tr C 5li7i '08 102.00 104.0 WC TV T'.iTo '91 135.00 137.0C TAX IN'COME The city of Saskatoon col lecled ?20.6 million in taxes in 1971. By PETEll LKICIIMTZ Canadian Press Stalf Writer Although the advance lost nost of ils momentum late in tic week issues in most sectors f major Canadian stock mar- tcLs managed to end llic week with fractional gains in moder- ate trading. Prices scored strong advances luring the First three sessions, jut protit-takiny and a weak market at New York Thursday ind Friday erased much o[ the jain. At Toronto, the industrial ndex, a major indicator of mar- ket movement, climbed .57 points, losing Friday at 202.02. Traders said there was a minor sell-oft Thursday as some nveslors took a cash position on .he sidelines until President Nixon's visit lo Canada ends. Analysis said some investors lave taken a cash position in case any unexpected economic announcements arise from talks between the two countries. At New York, the markel closed higher for the second consecutive week in moderate trading. On Ihe Montreal and Cana- dian exchanges, the composite index rose .67 points, closing Friday at 201.42. Combined volume on the two exchanges was 7.63 million shares, up sharply from 4.B3 million last week. Banking issues were strong or nil Canadian markels through- out most of the week. Analysts said investor speculation on a prime-rate increase, the rate o interest banks charge their best customers, was responsible for much ol Urn gain. The banking sub-index on the Toronto mar ket ended the week at 52G.3G, n rise of 13.31 poinls. Trading on the Toronto mar ket U'as moderate ivith a iota of million .shares chnnpinj hands, up from 11.97 million last week. Gold Issues scored the best gains during the week, helped by n higher foreign exchange rate for the Canadian dollar and ncrcased trading activity on in- lernaliona] bullion markels. The gold index on the Toronto stock market climbed 5.11 nts during the week, closing Friday at 180.43. It was the bcsl vaiicc for golds in five weeks. At New York, the Dow Jones Industrial average of 30 key blue-chip Issues rose 5.11 points during the week to 967.71, its best level since May 14, Volume on Wall Street was 99.54 million shares, up from 93.79 million last week. Base metal issues recorded moderate advances, buoyed by a strong performance by zinc producers. The base-metal index on the Toronto market Net earnings By THE CANADIAN PRESS Canadian Foundation Co. Ltd., year ended Oct. 31: 1971, loss; 1070, loss. Cornat Industries Lin., year ended Dec. 31: 1971, 2Z cents a share; 1070, S-156.BH, 15 cents. Crown Zcllcrbach C n n a i n three montlis ended March 31: 1972, S'2.5 million, 31 cents a share; 1971, SI.3 million, 16 cents. EDP Industries Ltd., year ended Dec. 31: 1971, 53.4 million loss, S6.24 a share; 1970, 51.5 million, S2.59. East Malarllc Mines Ltd., year ended Dec. 31: 1971, loss; 1970, loss. CONESTOGA MOTOR HOME TiOZ 3nJ AVE. i. by lErHBRIDGF, AITA. McDONELL MANUFACTURING THE MOST COMPACT MOTOR HOME ON THE MARKET TODAY. 18, 22 and 24 fl. capacity Motor Homos THE smoolheil riding Motor Home made loday THE Home thfi least noise inside while travelling THE only Motor Home available today with 1ha riding quality of a largo automobile THE Manner of construction of Ihe 22 fl. capacity molor Home with recessed bumpers is the only Molor Home known today with twin gaucho beds and gaucho dinelte lhal can be lawfully parked at a parking meter of any city THIS Molor Home has more upper cupboard and stor- age space than most other mokes CALL at our factory and see for yourself, check tho construction and make comparisons TRY OUR RENTAL PLAN By Gene Fawcalla MOM rOPAPOt WATER HYACINTHS-THE PLANT CHOKING so MAW LAKES AMP WATERWAVS BECAUSE OF PHATE POdUTION-AVAYSCON BE HARVESTED FOR PAPER. U. OFFLCfllDA SCIENTISTS BELIEVE IT'S SUITABLE FOR ftWNY fWERBOARO THE HOTEL WITH MORE TO OFFER AND VII NOW HAVE COLORED TV For Your Convenience! In Making Rejervationl CALL AND ASK FOR LONG DISTANCE ZEnith 0-7755 nl no coll to you IVIERA MOTOR, UOTEIj 5359 Cnlgory Trail dm onion, Alberta Phone: (403} 434-343T Telex: 037-2510 rose 1.166 points lo 97.62. Western oils dipped fraction- ally lower. The Toronto mar- western oil Index was down .07 points, closing Friday nl 22G.8-5. Dr. Homer said tlie Alberta] govern in e n t lias discussed problems witli lota! sugar pro- ducers and will support them at tariff hearings. The province can do (wo things lo help, he said. Promote (he expansion of (he processed food industry so that there will be more local supar used in food sucli as pastry, candy and c a n n ctl goods, and, for o rmorc rea- sonahle' tariff policy on import sugar. The minister said the tariff situation is complex and Is not simply a inatlcr of pressing lor higher tariffs on Imports. "We're not asking for protec- lie said, "It's more com- plicated than that." In 1971 Albert a about tons of sugar from acres of supr hocts in southern Alberta's irrigated farm land. Mr. Miller said acreage Is to be Increased Iliis year to 000 acres. The entire Industry In the province consists of production for refineries at Taber and Pic- hire Bmte, both owned by Ca- nadian Supar Factories Ltd. isith R third refinery fit Winni- peg, IlK1 company owns tha total Canadian supar process- ing industry, he said. Ycl IhJs Canadian sugar obtained from sugar be-eLs consists of only 15 per cent of the Miflar sold In Canada. Tha other 85 per cent Is cane sugar, imported from abroad. Vancouver Island Properties RETIRING ON THE COAST? Relocating Your Business? Or jusl interested? GRAE LANGSTON of Island Pacific Realty, Victoria B.C., li for o viiit and will bo pleaicd to aniwer any question you may Plea it Telephone 377-3790. Are You Satisfied With Your Present Job? Excitement IncentivB Security Are If you can qualify for llii. noiitioni Guaranteed income being Irainpd, Commissions and bonuiei mako ihii ono of ths moil highly poid jobi in Canada. You'll bo Gained In every phase of This work and you will be given encouraging supervision unlil you are tutccii.ful. Full rangn of company bcncfjls Included. For personal Interview write BOX 1 17, Uthbrldge Herald, with personal history! BUY NOW! MUST Sill IMMEDIATELY 1811 IAKE POINT ROAD 5 bedroom home (3 upilairj, 2 down) One block north of College Mall 2 bolha (5 up, 1 down) Fully carpelod up and down Completely finished basement (rumpui room) Landscaped Fenced 18 month] old Coll JOHN HA1BECK PREFERRED REALTY Office 328-3420 Residenco 327-4436 By Herb L. Risteen SEEN ON THE BOOB TUBE 5 English oil 10 15 Anan land 20 Reman raiment 2? We lies CK Bean 23 Have ongil 24 Idolire 25 Sphere of conflict 26 Sultry niGvi? 1131 28 Dpvlng 30 Compels 33 Pull 35 Iniect egg 35 Actrrss Anr 38 Anilerec animals 39 Exhausted LJnderslandl 4? Inhabnam nl: sun. 43 Salver 44Theri.i A5 Corrode 47 lltiolu hO Ciiy 1 Tries: il. 2 Ohjcn vnluet] cunosiiv ACROSS 77 Today Show man VTitlr-: abbr. 3 Aclnr Kuk- D Fn-Iivc 10 IVrrp Inudly 1 1 Nmfve minpul 12 No I nine) 13 51 Custom! 53 Job's Iroublfl 79 Pronoun 57 F-amoiJj BO Piece ol philosphfr cloth 5B Lilting Lily 82 Complaining 59 Hav.lliorna cry locale 84 Ireelaai SO I org.rim F'ain Rri'r.dv.ay 85 Seaboardl rnuiica! 83 Some 62 Teirs cantor S9 Veleran of love 112'A] G4 Less ornsio GO Singer "al 91 Spirit (Jeiply 92 Mill Farrow 67 ObeveH 93 la' 68 Malay S4 Strfam inbnmil 95 Thickrt 70 Addicted 9G Pale and 71 Stronrjdrink 97 Actor Yvel 72 Actor 99 Colors Orrur----. 10D Winnie the 7.1 Pacific na 101 Shmvdis- 74FllBminat< pleaiurs one 102 Silly trick 75 Money in. 103 Long veiling N'-nmerrcv 105TV notable 7G Small tool Rajah's wrla DOWN 140'dtinieacl- 38 Sea eaglei 390ldlims 15Loltv iseapon Gratk crooner porl'co 18 Smgrr Ford 43Caroo 13 Orai, weinnli 21 TV's Dick 27 Bandleader Brown 31 (Wait. 34 VYcslern bund lei 46 V.'iilmi niter 47 Dark bioivn if J hirdi 4B Frcileric or Hal 19 x 19, by Anne llalloran Acnoss I Don: 22 Minritr BMT.vkeya 24 Molding Stalfl 26 Dorn ?G Sprite n-_ Mnrfa Male dtP.f 12 Indian fooT Part ot 13 V.'iBe man 30Mrjsical I1 Slitch direction 15 Wind 33'My Gal----- instrument! 36 Hospital 20 niilore: poet. room 21 3? Sinqlr thini SOLUTIONS (IK I 1ST nl.KK'S PUZZLES 33 Unily 39 Actress -----Martin 40 Roman 1G4 41 Within 43Clsayin3 loot 44 Marshet 45Goll ball lupporT 46 Give ue britlly Effective April 10th Our Phone Number HAS BEEN CHANGED CONNECTING ALL DEPARTMENTS SALES DEPT., SERVICE DEPT., PARTS DEPT., Beny Chevrolet Oldsmobile 2nd Avenue end 8lh Sired S. piudence 127 Singer Delia 12D Actreil Anna 133 Maureen 135 English dynasty ulcnjil 137 Electronic brain 13S Bis.hop'1 ca- 139 Method 140 Sam or JJ. 141 142 Impudcnl 47 Small runl 48 Auociale 51 Danijh coin 52 Fbro, e.g. 53 Hurried E6 Georgia cily 58 Aimospl'ere 50 Mpnrr item Young birds 65 Actor----- Wallach 66 (Vaterlcs! 67 Comedian Bob----- V Tim- SLoiingir-r, 'Oorn 9 On Ihe briny 10 txtrpmcly CRYPTOGRAMS K C A R W M E T fl .7 K II PII N O F' K A J. D O A T BUT A. KTEI W HEIR A I S U N C K SIIIV. ----Fly V. Mcl-Ml 5. L II Q 1. X R Q A I, T H C} n X Y T) J R W Y T M A R T I, E D Y 1. K D M J I. 7. 7, M W I- E -----By Ilcniy Gclman S. S P K V I N K I, C K L' M C V K T T H U P Y C V A R R E N V I It O MA T S K Y C U P E L C K O M Y K -----Hy Norton 4. MAD PL AY CiiEERI) TV V E I, S S P O W Y I I. D E I, M CIIKERDPOW Y M. I) K YE1. S. -----ByA.V.McL, B. Y K Q W Y U R T W A R U H T R t} W F I, Y F I, n Y I' A R Ireland 1. nionrlr rmnin marlff plpnly spicy inr-alhnll withoill tomato sauce. 2. Had Imp Iniiis; busy bcc; lull hutlrrfly boflovrml howfr. 3. Stubborn zipper Irnppcd jjretLy moilrl in lilllr nunilirr. 4. (liis puzzle is simply (bus: "Clue" becomes "word" and lircomcK "clue." Easy, isn't U? ;