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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 17, 1973, Lethbridge, Alberta 554 THE HERAID Tuodoy, April 17, 1973 i Grain prices Miscellaneous quotations I JUl Market records fractional gain TORONTO (CP! Prices >r, (he Toronto stock market moved fractionally highar in light mid-morning trading to- The industrial index, consid- a major indicator of mar- ket trends, was up .25 to 223.76. golds 1.50 to 239.16 and western nils .09 '-o 242.56. Base metals sapped .17 to 102.5J. C o m m u nicatxm, industrial pipeline s'.ocks were higher while bank, steel, oil refining mining, paper and forest and pipc'ine stocks were while bank steel, oil refining and merchandising issues were Sheli Canada rose I'i to Noranda Hz to Inter- national Utilities A lls to S61, Consumers Distributing SSln4 and International Utilities Vi to Compute! fell 1 to Falcon- bridge Nickel 7a to S74, Simp- sons to Jlicrosystems In- ternational 5s to and Laid- law Motorways to Cassiar Asbestors dropped s's to SllJ'i, United Siscoe 25 cents to 58.25 and Northgate Explor- ation 1-5 cents to Placer gained 3s to and Gibraltar 34 to Sunningdale lost 10 cents to Sogepst five cents to S1.35 S6.90. Houston five cents to and Lochiel 10 cents to S2.25. I The Dow Jones average of 30 I industrials at noon was off 5.35 to 951.38. Declines led advances ion the New York Slock Ex- l change by 7 to 4. Canadian issues generally were lower. I On the NYSE. Seagrams dropped Vi to Canadian Pa- 's to SIS's, Genstar to and Inco gi' to On the Amex, Quebecor dropped 3s to and Cana- dian Javelin to Brascan advanced to MONTREAL (CP) All sec- tors gained in moderate trading on the Montreal stock market today. On the Montreal Stock Ex- change, Noranda gained to Shell Canada Hi to S5634 and Moore Corporation 1'2 to wh'e Microsystems Inter- national dropped to S12. On the Canadian Stock Ex- change. Imictus Oils gainad one cent to on 32.000 shares. NEW YORK (AP) market prices drifted lower to- day as investors continued to axv-ait government action on soaring inflation. Ex-bookie tells probe of fraud MONTREAL (CP> A for- mer bookmaker described in detail Monday his involvement in a S1.5 million fraud which eventually led him to Rio de Ja- neiro only to realize he had been double-crossed and that there were orders for him to be killed. Theodore Aboud. 53. told the Quebec Police Commission in- quiry- into organized crime dur- ing "his last day of testimony that the fraud, which involved Canada savings bonds and a fraudulent cheque to the Bank of Montreal, was to net him only S9.000. The inquiry adjourned for the Easter recess at the end of had recognized as Frank Cot- five days. It is to resume April 24. Aboud. serving 10 years for fraud, said his part in the scheme was to contact five re- liable stock brokers, order the bonds and pay for them with fradulent certified cheques signed by himself. However, he dealt only with three stock- brokers because "I felt three was enough. Winnipeg grain WINNIPEG (CP) Rape- seed prices fluctuated margin- ally in a moderate demand at mid-session on the Winnipeg Commodity Exchange today. I Flax prices were up the daily maximum of 10 cents Mm the opening, oats was firm to stronger, barley unchanged and rye slightly higher. j Volume of trade Monday was bushels of flax, of rapeseed and 292.00 of rye. i M'd-session prices Flax: May 10 higher July 10 higher 4.80B, Ocl 10 higher Nov. 10 higher 4.72B. Rapeseed Vancouver: un- lower 3.87V2B. Sept. high- ier Nov. 'i higher I 3.8334B. Jan. unchanged 13.77V; A.' i Rapeseed Thunder Bay: 53hy l% lower 3.70A, July '2 lower 3.69ViB. Oct. low'r A, !Niv. unchanged j Oats: May unchanged 1.15UA, July'% higher 1.14'iA. Oct.. Dec. not open. i Barley: May unchanged i July unchanged 1.53A, Oct. unchanged l.SSVzB, Dec. not open. Rye: May I3u higher uly 1% higher 1.5614, Oct. Us higher 1.56ViA, Dec. not open. WINNIPEG (CP) Gram quotes Monday (basis Lakf- headj: High Low Close Flax (May 4773'4 4G5Vz Jlv 472 45914 470 lOct 469'4 454% 467% Nov 463 452 462 Rapeseed Vancouver Jun 389 375% 388 Sep 388'i 374 3863i Nov 3844 370Vi 383 U Jan----------------- 377k Rapeseed Thunder Bay m. GH'OtfS) W ESTERN OILS AND MINES Calgary, Montreal (Supplied by Dolicrt.v. McCuaig Limited) LAS! BID OR SALE a.m Ouotf (11.00 m. Alta East Cos Alrnincx Ason-iera Ashland B P Canada r t Cdn Er Gas Cv Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chieftan Dome Pet'1 Dynasty Forf Reliancp Giant Mascot Granisle Gt Plaii-j Gt Cdn Oil S LuchiPI Lylton Win Moblc No'th Cdn Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger SCJ.rry Ram Seibens Spocner Total Pete Ulster West Pete W. Decalta 9 4S 6 Id 11 75 1.100 15.75 6 25 a 35 3.60 .SO 8.75 21 V. 00 J 00 II 25 j7 SO 80 15 j 10 9.75 3 T, f H-5 26 I 56 1 47 7 15 1675 1.1 75 1 33 .25 .56 .37 2625 16 7S S3 6.00 09 SCO S a) CrowoneM Ind Cygnus A Cyqnus B Falcon Ccpper f- and M Trust Genstar Home A Home B Hid Bay Co llrd Bay Oil Hud Bay A Pfd Much Husky Oil Husky B Ptd Husky D War Husky E War Inter Prov Pipe Infer Prov Steel K; iser Res Loclaw C Pfd Maqna5onics Pete PW Air Pe-Esn Oilfield Rainier Poyal Trust St Maurice Cap Sand well Teledyne West Cdn Westfleld Mm Weston A Pfd White Yukoi 27 25 1 75 7.75 14.00 7.00 17.00 1075 KM 16.50 46.50 00 00 725 10.50 1X.37Vj AGF Special Cdn Invest f Cmnw Inter -mnw Lev i mmv Vent Corp Invest Corp In St 283 'i 31 5 82 152' 16.80 401 I -I I 7.92 8.70 6.A3 7.06 5.40 gas search under way Inuvik oil boom town Dreyfus F U S. 12.02 13.17 Great Pacific 4.95 5 26 375 4.70 600 1.76 14.75 PIPE LINE STOCKS 33 00 10.50 7.75 4.75 25.4Jij Acrcll 1.10 Barons Gr In Shares Gr Equity Invest Gr F Invest Mutual Mutual Ac Mutual Gr F Nat Res N W Cdn N W Gr Principal Gr Roytund Tamp Gr United Ac Universal Sav Unlvest Vanguard 4.56 6 56 4.14 8.60 1.JS 12.88 14.08 6.05 6.62 6 33 3.93 P90 6.30 595 5.34 S.14 5.73 541 4 87 7.03 9.37 10.24 5.42 5.56 8.28 6.14 7.32 CALGARY 7.0? 9.09 4.74 7 71 MISCELLANEOUS INDUSTRIES 16 00 25.12'-j 1500 3.10 5 62 i Acres Ltd Aquitaine B.C. Sugar Pfd Block Bros Brinco Cdn Brev; A Can Brs'.v 3 Cdn Pacific inv Crestbrock Ind 27.12' 2 32.75 2' 8.00 Al'a Gas A Alta Pfd Alta Net Gas Inland Nat 0-as M ard C N and C B Pfd Pacific Trans Gaz Metro Gar Metro A Trans Cria Pioe Tr fda A Pfd Tr Cda B Pfd Tr Cdl War WC WC wt' MUTUA FUNDS All Cdi Com 7.71 All Cdn Ditfld 8.32 All Cdn Vpnt '.OS Amr Gr F 577 1J75 75 p-i 20 75 11 75 1075 12.25 67 50 Oil Nortn Continental Western Warner VANCOUVER MINES Afton Atas Explor Bath Norse Dan'oe Daverpoi t Dolly Vardsn Equiforia! Res Lornex Primer Pyramid Silver Standard .56 .03 01 .35 23 .55 .63 05 1 30 .56 :s 70 9 40 .17 3P.87V2 Copper 77 41.55 8 TO 27 00 '.40 INDUSTRIAAU, Caot Inter 1.70 Columbia Brew 3 25 Hys Cdn 5.50 Key Indust .28 OILS 843 Albany Oils 1.10 9.09 Plains Pete .25 Stampede Intl Res .67 632 Western Explor .07 May 371 Jly 37014 Oct 362 Nov Oats May Jly Oct Barky j May 154% i Jly jOct jDec Rye May I Jly jOct i Dec 360 359 370 353 362 353% 109V4 108 154 i-i 153 Toronto mines, industrials (Strpplied By Richardson Securities of Canada) LAST BID OR SALE m Quotes) MINES Acme Advocate Asb. Akaitcho Bralorne Lsnd 153 1543s 151ss 15.V-4 153's 152-1! 154ss 154ss 150' i NATIONAL MOBILE HOME MFG. Located in Southern Alberto requires WARRANTY SERVICE REPRESENTATIVE To handle customer calls, to cos'ar orco in Western Provinces. Transportation cno expenses provided, experience an asset but not essential. Apply WARRANTY SIRVICE DIPT. BOX 19 LETHBRIDGE HERAID Gold futures WINNIPEG (CP) fu- j hires. U.S. funds. Winnipeg i Commodity Exchange c J o s e j Monday. i Apr 73 89.50B: Jly 73 J 91.20B: Oct 73 93.15A: Jan l 74 95.10B Apr 74 97.45B. Friday's volume: 32 con-: i tracts. i Bethlahem Brunswick Can. N.W Canada Tung. Cassia." Central Pat. Chimo Con west Cons. Rambler Coin Lake Cochenour Craigmont Dickenson Wnes Denison Mines Dser Horn D'Eldona Dorne Mines Donalda Mines East Malartic East Sul'ivan Falcon bridge Frobex First Maritime! Giant Y K. Bovis Granduc Hcllir.aer Hudson Say W.-S Hydra Ex. Iron Bav I so JoHet OueMC Addison Key Anacon Labrador Lake Shore Lanais Silver Madsen R.L. Maiartic G Martin McN'eely -Veta Midrim Intern Mogul Nu West Homes New Athona Calumet Horse Cooper" Noranda Northgate .16 1.15 1 10 2.65 .35 MS) J.70 6.75 1 n Norlex Osisko Pine Point Placer Dev. P.C. Exp Quebec Man Rayrock Radiore Rio Algom Roman" Corp m. .52 11.12V2 Shsrritt Gordon 1.30 Steep Rock 30 6.30 4 10 .1? .81 6.55 3 55 34.25 Tek Corn. Upper Canada Western Mines Wright 1.10 Willroy 1.10 Yellowknite Bear 3 .90 Zenmac INDUSTRIALS 78 75 1 15 1 30 2 9S 74 00 Y 7 73 2 70 65 JfJO 22 23 375 2 -2 .54' 1 3 00 00 3 10 06 .72 36 Aoitibi Alcan Algoms Steel Atco Ind Atlantic Sugar Agra Ind Bell Tel Braz Trac B C. Tel Burns 8 C Forest B C. Sugar Bow Val Ind CAE ind Cdn Brew Chemcell Col Cell Calgary Power Coron Credit c.W.N. Gas Pfd Cdn Ind Cdn Marconi Cdn Vickers Chryslsr C P.R Cominco Grt Cdn Oil .22V4 Gen Motors 31.75 Grt Laks Pp 55.75 GUlf Oil Cd8 3.10 Greyhound -lOVs Hawker Sid 1.20 Hur Erie 32 Hiram Walker 27.50 Imp Oil 8.05 Imasca ir.Ji'A int Nickel 1.65 Int Pipe Inv Grc A Int Util Ind Accept Kaps Laurentid? Kelly Doug A Loeb Loblaw A 3.75 2.95 Beef futures Ar-.r WINNIPEG fCPi Live, 1 beef futures close Monday. j May 43.10N: Jly 42.85A i Sep 41.50B; Nov 40.50N. j j Friday's volume: No con-1 tracts. Beth Steel Chrysler Comsat Dupont GM Gulf Int Harvester Kenn Copper 870 72.75 21.50 34.75 .'.1 31 00 4250 33.25 3200 26 DO 11.75 25.25 18.62' r 800 12.12'-; 7 4.75 "25 ".50 1987'A 30 37' 2 53 SO 25.50 28 00 9.00 10.57'-: 12 62' 15. 75 1550 20 5625 32.25 13 34.50 1625 60.75 TOO 2200 1775 7.60 6 T ?.7i 1 7.117'? 77 nn 5 71 2.75 32 00 33 871-2 and T Sears 20 Golds 242.33 up 4.6" 33 21 25 X-Ron 10 Base Met 102.91 up 20 29 75 Texas Gulf 23.50 15 W Oils 242.72 yp .25 Texas Co 39.62'A Volume 173.50 Woolvvorth 2KB7'4NEW YORK AVERAGES 7362V2 WestinglKxisc Elec 34.75 30 Indusf 951.39 off 525 25.50 U.S. Steel 20 Rails 195.95 off 1.82 30.25 Gen Tel Elec 28.00 15 Utilities 109.06 up .0' 28 37'? TORONTO AVERAGES 65 Stocks 300.10 off l.M .37' 2 Cons Bath 5? .12 15 14.37' 10 7T .17 52 on 6.20 Cons Gas Dist Seagrams Dom Bridoe Domfer Dom Textile Dom Stores Dyne Pete Dcfssco Cable Glsndale Met 27.25 Massey Ferq 1 McMillan Bios 11.75 Moore Corp 7.62'A Molsons A 12.00 AAolsons B 43.75 Nachurs 21.00 North Cent 53.00 Corp 18.25 Price Co. 36.00 Rothmans 20.50 St. Law Corp 33.12'-2 -Shell CDA 11.12V3 Simpson's 5 Simp 4.50 steel of Cda 2.40 Selkirk A 27.3) Texaco 1.85 Traders Grp A Trans Mtn Po Trans rda 4.10 Union Gss 13.25 Union Oil 3-i.OO United Sisco? 18.25 Versatile Mfg 2" 62''2 '.vesteei 22.00 Union Carb B 38 50 Woodward's A 34 00 West Cdn Seed 20.00 Zenith Eler 8 75 BANKS 14 87'i Cdn I mo 27 25 Montreal 42''i Nova Scotia 17.25 Rsysl 11 25 Tor-Dom By WILLIAM BORDERS New York Times Sen-ice INUVIK. Northwest Territor- ies This blsak outpost, sud- denly a boom town, has become the "focus of a multi-million- dollar search for gas and oil, which is bringing to the frozen wilderness changes as harsh as Arctic winds. Northeast of Inuvik, is just above the Arctic circle. exploration crews fan out across 1.200 miles of ice and snow, while to the south two modern highways are cutting through scrubby pino forests where only a few years ago Indian trappers roamed undis- turbed. Here in the valley of the Mac- kenzie River engineers are drawing plans for giant gas and oil pipelines and scier.iists from many fields are trying to de- termine what effect these lines would have on the land and on the animals that depend upon it. "We are on the threshold of adventure of social and ec- onomic impact rivaling the con- struction of the Canadian Pa- cific said Jean Chre- tien, federal minister of Indian affairs and northern develop- ment, i Canada is also unquestionably i on the threshold of a great and i prolonged debate over environ- mental, economic and politi- cal questions. Some Canadians maintain i that the northern oil and gas reserves, thought 'to be enor j mous, should be saved for use j within the country rather than i exported now to the United States. I livestock t Calgary livestock and Ed- monton hog reports not avail- able todav. Others focus their concern on, ed States Supreme Court of A the delicate ecology of the Arc- proposal for an Alaskan line. tic tundra, and some econ- omists worry about possible damage to the Canadian dollar that might be caused by the multi-billion-dollars worth of imports that the pipelines would entail. "You seldom see a plan with so many vocal opponents.'' said a geologist who strongly sup- ports quick development here. "But it's a good plan, so we'll just have to square our shoul- ders and get on with the bat- j tie." The controversy is likely to boil over this summer or fall when Canadian Arctic gas Study Ltd., an international con- sortium of 25 companies, ap- But industry insiders are waiting to see whether the Unit- ed States congress will revive the Alaska plan, and the Mac- kenzie gas pipeline is still much further along in planning than the oil pipeline is. Anticipating some hard ques- tioning. Arctic gas study has spent millions of dollars on re- search in the wilderness here, seeking answers to questions such as: Will foxes be scared away by the pipeline? Will the line Im- pede the annual spring migra- tion of the caribou? Might it change the nature of the land by melting the permafrost, or permanently frozen subsoil? The pipeline planners put up plies to the United States and! "e, pipeline ptdiuwu v< Canadian governments for per- i experimental loops of pipe near mission t.- build a south from gasfieSds here and in northern Alaska. expect that these regu-: amj anjmais latory proceedings will take stud'ies were completed simulated the sound of gas be- ing pumped through, to see how night affect birds at least a year and wiil in- volve extensive public hearings early this year and the results will be part of the formal pre- to consider all scrccte of toe, sentation to the government, national interest ni thr most j The developers are fond of exhaustive said Wil-1 pointing ollt {hat the Ham P. Wilder, a Toronto fi- j pipeline wouia occupy 40 square nancier who is chairman of the out thg toial 5 i million square miles in ttie Yu- The cost of the planned 48-; kon and Nortnwest Territories. Stuart M. Hodgson, the com- missioner, or governor, of the Northwest Territories, had ord- ered a special study of the so- cial aspect of both the pipeline and the new highway con- struction, explaining that "it is in this field that we see our major problem." Macleod Livestock New York stocks (Supplied B? Richardson SeenrlHeg of Montgomery V.ard 23.00 20 Indust 224 06 up .55 Volume 5.990.KKJ FORT MACLEOD There were 1.635 cattle and calves sold at Fort Macleod Auction i Market last week. All classes of slaughter cat- j tie sold higher steers and j heifers 50 cents to SI: cows SI i to S2. Stocker and feeder class- es were steady with replace- i ment quah'ty open yearling j j heifers strong. i Choice steers 42.50 to 43: choice heifers 40.30 to 41; good cows 33 to 35.30: medium cows 33.50 to 32.75: canners i and cutters 27.50 to 31. 1 Green steers (600 to 725 i pounds) 45.80 to 47.50; fleshy j j steers '500 to 650 pounds) j 44.50 to 46.50. I Replacement heifers (550 to j 650 pounds) Charoiais 51 t o i 56.20; Hereford 50 to 54: Here-i ford-Angus 45.75 to 48.20; An-' i gus 41 to 44.50. Stocker heifers (400 to 500 j pounds) 43 to 45: breeding bulls (Charoiaisi medium to good to 1.025. inch pipeline, which could de- liver 4 biDion cubic feet of natural gas a day, is estimated at S5 billion, and even its most optimistic backers do not fore- see the beginning of construc- tion before 1976. Despite the proceedings to come. Chretien said a year ago, ''It is no longer a ques- tion of whether pipelines will be built. The question has be- i come when. There is no doubt' f U'CJlza that a gas pipeline will be! built through Canada." ep Chretien has also estimated i OllCred Credit that the government's revenue i from gas and oil in the north QSHAWA. Ont (CP) Gen- could reach billion a year i era, Motors of Canada Ltd. an- by 19SO. given some break-1 nounced today it is offering the through on the transportation orlginal owners of }ts front. HUGE RESERVES As exploration continues fe- compact Firenza a credit if they trade in their vehicles on a 1973 or future GM car. The offer follows a series of verishly. it is difficult to get reliable estimates of what ex- actly is being found. But in Cal- complaints from owners or the gary. the corporate center in the I British-made Firenza and the south, some executives talk ex- j company's decision to stop im- citedly of huge reserves. j porting the vehicle. In the view of some of them i GM said the S250 credit win the presently planned gas pipe- i be to the original purchasers line is only an opening wedae, j who still are owners of 1971 and to be followed by a line from j 1972 Firenzas. islsnds in the high Arctic to' "The Firenza still is being central 'or eastern Canada, and I manufactured and sold in Eng- another. paralleling the Mac-! tend and other countries and is kenzie Valley line, to deliver j enjoying a good market accept- oil to hungry markets in south- j ance." GM said. "However, the ern Canada and the U n i t e d j Firenza car line did not meet States. all the new regulations imposed The proposed Mackenzie Val- by the government of Canada for 1973 passenger cars and the volume was not large enough to ley oil pipeline could carry sup- plies from Alaska's north slope as well as from Canada. Al- though it is still years away, it may have been moved a bit closer to reality early this warrant making the necessary changes." i GM ssid ft will continue to i maintain a normal supply of month by the defeat in the Unit-1 parts for the Firenza line. FENCING MATERIALS Choose the design you like best from 28 sets of plans and we will give you a free estimate on any type of fence. BOARD SLAT RAIL PICKET LOUVEREu PANEL All Materials Cut to Your Specifications. PLACE YOUR ORDER NOW Free Estimates FENCING SPECIALS 1x4 Spruce Boards 2x4 8' Utility Spruce 2x4 Utility Fir Un g Lin. ti- 4x4 Cedar Posts 4x8-W Fir Ply Sheathing You can build the fence yourself or we will complete the job for you. STORES Save at RADIAL tire headquarters Corner 3rd Ave. and 8th St. S. Phone 327-8548 We make it easy to stretch tire life 9: iorre v.5 a of tome's cars. we see a of al have been ru'ned long before iV- C Wl n C.Titr g- T "fii ntrs; W t1 worn caga. Tn-'e may be iw showing up. At one nme or another car su-iers irom JTnpropeT ST lo ihs mo-' vo-ir c m for a J-" iitiio S5 38 O'int-f o' rzt savp vou She puce d! i o5 SALESMAN Farm Machinery Manufacturer requires a Sales Representative to cover Alberta and Montana. Applicant must be free 'o travel- Farm machin- ery sales background useful, but will consider a per- son with related sales experience. Late model cor re- quired. This position offers a basic salary, travel ex- penses, car allowance and other company benefits, plus commissions. Only persons interested in in excess of to per year need apply. REPLY setting out full particulars as to past experience, age, education, marital status, etc. to Box No. 17, Lethbridge Herald ,.B ADVANCE LUMBER CO. LTD. CHARGFX 22nd Ave. and 13th St. S. Phone 328-3301 with our S Ttrestone WHEEL ALIGNMENT for most North American cars. A little more if your car has torsion bars. Imported cars LUMBER SINCf 192V RIDING SYSTEM SERVICE mroN'3 EATON'S EATON'S Has More For Easter In SMALL APPLIANCES ;