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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 21, 1972, Lethbridge, Alberta Lower market trend continues Misccllan.eous quotations Vancouver, Calgary, Montreal (Supplier! by Uolicrty. McCliaif! I.imilcct) The. lax column. rmJ.jy, April 21, 1977 THE LUHBKfQGE HERAIO 19 TORONTO (CP) Western oils edged fractionally higher while prices in nthcr seclors of the Toronto sloc'k market con- tinued to drift lower in moder- ate mid-morning trading today. The industrial index was down .39 to 202.33, fields 1.03 to 177.43 and base metals .15 to 97.05. Western oils were up .23 to 222.30. Volume by 11 a.m. was shares, down from at tho same time Thursday. Advances edged declines 119 to 103 with 210 issues un- changed. Biggest losers were beverage, merchandising, steel, oil refin- ing and industrial mining stocks as 12 of the industrial index's 17 sub-groups declined. Hanking, pipeline and real estate issues moved fractionally higher. Kalconhridge was down I'.j to Imperial Oil >s to Denison 1 to S35, Dow Valley Is to Inco to and Moore VB to National Sea Products lost to Ws, Power Corp. to S91L., sn -3 3-3 9 ByGBnc Fawcette OUST NEW SERIES OF CARTRIDGE- LOADING i INCH THICK! A NEW-SIZE FILtt PRODUCES X 4 H" PRINTS AMD PROJECTION SLIDES FROM A SO mm II OR 20 EXPOSURE 6UP-INCARTRIDSE... A SllOe PRO- JECTOR HAS ALSO oeea imtoaxep. AVP s JOHNSTON SMl'ilJ, C.A., M.T.M.O. Ths Tbomo Group Lid., Manage merit Consultants, is pleased t announce tho appointment r Johnston Smith, C.A., M.I.M.C.. as Vice President. He will he re sponsible lor the firm's practic In Manitoba, Saskatchewan an Alberta, and v.'iH re si da i Winnipeg. WES7ERII OILS Al -nlnt-f. Allfl t-'Mnntl HP Oil OBI S Cnn Soum 7. fdn 1 Cdn Hormstd 1. Ctln I nil Oil Cdn Long U Charter 4. LAST OR SALE a.m. QUOTCLI Hugh Resell 39 50 Husky Oil SQ Huiky Oil B OU V.'or Inler Hrov Inler Prov Steel W.GF W.a Nova Scotia Savings 1 to Royal Trust to fc ami Walkcr-Goodcrham to Hudd Automotive rose to Slater Walker to SloVa, Cominro to SZfl, Tara Vi In Asamcra to and Traders Group A Ts to PRFCKS SLUMP MONTREAL (CP) Prices slumped in all sectors in light morning trading on Ilia Mont- eal stock market today. On index, industrials declined ti to 205.42, utilUites .06 to .3, hanks .07 to 274.B4P llitc omposilc .-52 to 20-1.83 and pa- crs .31 to 83.2C. Combined volume on the ion treat and Canadian stock xcbanges at 11 a.m. was shares compared with at the same time Thurs- ay. Highlighting tosses on the Tontreai Stock Exchange, Fal- onbridgc Nickel declined to 9Hit Texaco Canada V.z to Sherwin-WiHiams to Walker-Goodorham to and C1L to In Rains, Cominco rose 1 io 20''i and Laidlaw Motorways o 1ODEST GAIN NEW YORK CAP) Slock narket prices citing to a modest ;ain and were drifting today. The Dow Jones average of 3fl industrials nt noon was up 3.fi8 at ENi9.97. Advances led declines on the srew York Stock Exchange hy 7 o 4. Among Canadians. Distillers Seagrams at and Gensfar Jd. at both advanced 3s vhile Alcan at and Dome Alines at both were up Walker Gooderham at de- clined 7a. On the American Stock Ex- change, Brascan Ltd. was up !fe to and Canadian Marconi idvanccd ]s (o Scurry Rainbow Oil declined Ls to Dnmn Pelt Gt Plain-s G1 Cdn Oil Loch It I North Cdn r Numac.'Jn Pel Pan Ocoan Petrol Pinnacle Place Gai Pcnrfer Tofat Pe1e Ulster 35 50 6. SO S 61 105 Pac: Sandsrell Cdn Iced While YuVon i Vreilfleld CALGARY At roll Barnr.% Oil Mutual Ac Mutual Gr F No! Rei iEO V; Fin H W Gr 1IM Principal flr 3 95 Roytund 2 in Temp Gr united AC SBV Vanguard Cmnw Vcnl 6 34 Quclei) 591 4V) ft. 45 7 95 S.6S fi.71) 651 7.09 7.75 5-60 6 fi 8.19 9.00 11.78 12-34 7.59 8.34 i 2i VANCOUVER Atton Anuk. Arctic .15 MISCELLANEOUS INDUSTRIES Aqualaine 23 Cdn Parifii C rows nest Cyqnus A Hud Bay Co Hud Bay Oil Hud Bay Oil Fid Warns PIPE LINE STOCKS A1la Gas A 1J.EO Alia Gai Pfd 1.3? Alfa Nat Gai O Inland Hal Gas .9! end C Gas 40 II and C Pfd ?0.75 Pacific Trans Gai Metro S.4T, .72 Gaz A 72.00 'SO Trans Cda Ptpa XJ.OO 6.39 Trans Cda B -43.50 Tram Cda A 590 Trans Cda Wa WC Trani WC Wfs 53.M Churchil Cop 75.0Q Dankcc 16 Dolly Vsrtkn Dynasly 17 75 Fort Primer Pyramid Spending watchdog is needed 10.25 Tro'tsr Valley Standard Copper 11.50 MUTUAL FUNDS Crfn Com e.V? 9.83 WC Res All Cdn DiYid 10-03 10.96 INDUSTRIALS All Cdn Vent M7 JW. Block, Droi 0711. Amr Gl F 7-21 7-w B-c- Sugar It ,t AGF Special Ca0t Inter I Cdn Invest F b-05 5-5-1 Crettbrook Col W.ulual A 96 7.M Hys Inler 1-1.M 14.Q9 Interior Brew Cmnw Lev 3-94 t 33 Inter Mariner 17 "''Corp invest 14.16 16.74 Key Indus! invest St F 5.35 5 65 Pacific W Air 37.35 Dreylui F U.S. 13.75 15.07 Stampede Intl I Gr In Sliares J.O? 450 OILS 16.50 Gr Equity 7.53 877 Albany 42-75 Invest Gr F 13.4? Plains Pete SI. 00 Invest MulUBl Y.'tsl Explor Ind Toronto mines, industrials CSnpplicd By Ricbarrlson Securities of Canada} LAST BID OH SALE a.m. a.m. Quotes) Termination date set for quota WINNIPEG (CP> The C quota for soft white spring wheat will terminate May 26. the Canadian wheat board an nounced (onay. The termination dale gives producers five weeks lo com plete their deliveries under the quota. The five bushel C quota for soft white spring wheat now is in effect in all Prnirie shipping blocks. opportunities have advanced to the fourtt quota level. The five bushe T) qunta also is in effect in al blocks and brings producer de livery opportunities for thi. grain up to 20 bushels a quota acre. Put your Castle on Wheels. -E. Triple TriplB-E nffnr n raiiRO of nltraclivcly pricncl, bnttcrlmill Irailors from fourloon lo twenty font, plus u nijjlit foot truck cnmpcr. All trailers IUIVR Dura-Flex axloK, nll-slool bridsc-hracccl frfimns, and hvo inch, fully insiilalorl wnlls. I'ind out sn many people say, "TrtpltvK put on a man's Castln." PONDEROSA AUTO TRAILER SALES LTD. 20th St. cmrf 3rd S. Phone 327-2747 MINES Asb. .4? Akaitcho Bralorn- CnssLir ral Pa1. Chlrno 3.56 PldLI Dev P.C. Exp Quebec Man 1I.371.V Rayrock 3.8S 17.75 Roman Cwp 1.65 shcrritf Gordon 1-05 Silver Miller 7-70 Sleep Rock l.m, .31 Dome Pete 3J.OO Dofasco Cable 3 35 Fd .17 7-17' j Texmonl j Upper Canada Dickenson MIP ison Mines r Horn D'Eldorta Discovery Mir East Malartlc East Sullivan conbriflge -i? First Mnrilimei -70 iant Y.K. ?.CO Grandur Headway '-00 Hollinger Hudson Bay W-S 25.W Hydra Ex. -IB i Day 3 iS 1-10 Wlliroy INDUSTRIALS Jolisf Qufbcr Kerr Addisnn Key Anacon Labrador LaXe Langis Silver Madsen R.L Malartlc G.F. rlin McNcely .381 Midrim Nil West Homft New Athena Calumet W. Horse Copper Ncranda NoriJigafe 1.16 Abilibl 2.V5 Alcan 90.50 Algoma Meel .1? Atco Ind 70 Allan f.tW Agra Ind Pell Tel Braiil Tre B.C. Tel Burns B.C. Suga-- Bow CA6 Ind i Cdn Bre-.v Chemcell Cot Cal Power Coron Credit c.W.N. Gas Ctln Indust Ctln Marcont Cdn Vicken Chyrlser CPR i Cons Bafh Cons Cdn W.N. Gai Dist Sea Dom Dorn Gt Ctfr, Gen Motors Gt Lakei Pap Gulf Oil Cda Greyhound Hurcn Erie Hiram Walk Imperial OH Imasca InT Nickel Int Pipe Inv Gp A Inl Utilities Indust Accept L aurentlde Kelly DOUQ A Loeb Loblaw A Metro Stores B.75 McMillan Blw JI.WA Ccrp 14.37W Molsons A 10-25 B 6.75 Mwlh, Cent 14.00 Power Corp Price Co S( Law Corp Shell CDA 7J.OO 660 61.75 17.50 28.00 19.25 30.25 J4.25 31.67V] 32.CO n. s I4.M Simp Sears 30.75 Steel of Can Selkirk A Texaco Traders Gp A 2.00 Trans iV.fn Pp 35.25 Trans Can Pp 1.20 UnTon Gas Union Oil Versatile Mfg 71 -63V 21.25 1.37 9-60 16.75 71-00 42. 67 By T. H. A5PKII In twluy, vcc liavu fl number of independent finan- cial institutions observing; ant! upon the [tscal ac- robatics of government the the economic councils (Iwth federal and vindalj. Hie Canadian Tax Foundation, finan- cial analysts, to single out a few. Hut there is a yap between government finance ministers ynd tlie public they are bound to serve. In part, it is a credi- bility vacuum hut for the tnost part it rs a comprehension and information void. The slot should he filled by n new kind of operated nongov- ernment fiscal commentator whose function it is lo report objectively -and conspicuously on government budgets as well as other financial reporting. The reason for the growing need for someone lo fill role of honest broker is the ever spreading confusion and controversy in the political arena over interpretations of the economic data. There lias developed such a proliferation of stalistics that all too fre- quently they can be used to prove anything: that black is white, that a loss is a profit, that a deficit Ls a surplus, a tax rise is really a tax decrease. The interested public really doesn't know to believe any longer the various gov-! ernments who have charge! over their fiscal affairs, or the i critics both in public and pri- vate spheres who comment on government finance. For example, in a given month, Ihe statistics v.ill show that uriem pi oy men t ha-s i n- creased. Opposition crilics will attack a government, for its handling of the economy. The government may counter by pointing out that while the number of jobless has in- creased, the of unem- ployed has also increased, as has the number of new jobs, but the number of new pcoplo entering the work force, such as students, immigrants or working wives, has risen fas- ter. TEMPORARY PROGRAMS The government oppon o n t get report Is I hen dcb.-ilnd IN the c r] upon in the media and lly.- pish lie is expected to enlightened. The is the cast. POLITICAL TOOL Jn recent years, many ernmenLs, particularly at tin: provincial level, have budget speech and data as a political tool. They selective sUiii.s- tius to show what ;j fine they're doing and ignore Icdi- ninucs ol presonialifin might alarm the The opposition may v.ell flu llic same, or any event, llui lie believes sides arc dis- torting the fiscal fads to their own political advantngi.1. ;mcl'l have confidence; in I he; entire process, prlmarly lx-- cause of it.s lack of objectively. The Monitolia budget debate which conchuled this week is an ouistanding cxarnpc No- as SinO million be- deal with funds Is mighty much of the spending on important hfr. opcrntions capitnl has been borrowings iiii'l not for current ojwralioas. Also Mi cry say thai many known irive.slment losses haven't been written off. 'Hi is i.s reminiscent of the in Albert u where tlic Because the jmhlic cannot bo expected to make its judg- ment uf current government economics on the basis of com- ments by partisan adversaries in the political arena, a new and independent financial voice should bo heard. Call it the in- stitute of public finance. audit firm recommended t over S200 million, which i I tK'c-n shtmn as debt, should c been shown as current i n-jisc, Had Unit procedure n folld'ivwl from the vorlti iory nq Zeldninn, Pre Sheraton Inns In icie IroncViKe subiid- I.T.T., is pleased 1o o the elc.-c.lion of Mr. Samurl Swilzor us chairman ci Thp Conadic'i Council of S her a fen Inns, dlvi- Switzer, well-Vnowi Vesper ct Calgary'i Sherof u ihe ond To hold this 1co pcsiiioi in the She ions C'J-.cdicn ope r a'ions, tleciioni were helcf fn Von- with Ihe cfficfal ooening of rhe now Sheratcn Plaza 500 With the planned in October !972 cf the jecond Vancouver lacolion, the ton and tVis No- vember '72 evening of Tor' onio'i "Four Sensoni the Sherctcn group bs- comei Canada ViospT tallty chain wilh 7500 roomj Calgary livestock M.GARY (CP1 Rcceipls on the. Calgary livestock mar- ket to 11 a.m. totalled head, practically all replace- ment cattle and slock calves. Trade was strong and active. Few stock cattle on offer sold in line wilh Thursday's prices, quality considered. Choice steers 36 lo 36.30, good 35 to medium 33.50 to 34.SO. Good heifers 33 to 33.75, medi- um 30 to 32.50. Good cows 27.50 to 2B.SO, medium 25.50 to 27.25, canners and cutters 21 to 25. Good hulls 2B.50 to 30. Replacement cattle were mostly steers and heifers, weighing 575 to 700 pounds. AH classes and grades of repliicc- Bccf futures WINNIPEG (CP) Live beef futures close Thursday. May 35.SOB; Jly 34.SOB; Sep 32.55N. Wednesday's volume: Six contracts. ments sold on a strong basis. Good feeder steers 575 fo 750 pounds, 38 to 41.40, more lhan 750 pounds 41 to 57. Good feed- er heifers S75 pounds up 32.50 to 35.30, good slock and feeder cows 23 to 28. Good stock steer calves under 400 pounds 45 to 49.60, 400 pounds up 40 to 45.50. Good stock heifer calves under 400 pounds 38 to 42, 400 pounds up 34 lo 37.25. ITogs average base price 28.95. go, their plans for borrowing for capital spending, they also report on the state of Hie eco- nomy. The finance ministers' hud- Hog prices Net profit increases for FP OTTAWA Dividends Hy THE CANADIAN PESS Imperial Life Assurance Co of Cannila, 70 cents July 1 record June 8. I.otilnw Co. Md., pfd, 60 ccnt-i June I, record May 15. l.oblnw Grocctnrias Co. f.fil., first pfd. series A 37V2 cents; scconrl pfd. SI.50, both Juna 1J record May 15. Texaco Canada Ltd.. 27 cenLs May 31, record May 12. Traders CJroiip Ltd.. class A cents; class B ]7'.i eenl.s; Ha per cent pfd. scries A five per cent pfd 50 five per cent pfcS series A 37'4 cents; ?2.1S pfd. series B 54 cents, nil July I, record June 9. EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 28.90, average Thursday 28.42. Red Deer: 28.55, average Thursday 28.44. Cslgary: average Thursday 28.45. Lethbridgc: nil, average Thursday 28.45. Lloydminsler: nil, average Thursday 27.90. Grande Prairie: Nil, average Thursday 27.38. Tolal liogs sold total hogs sold Thursday aver- age 2fl.39. Sows average 21.20. cations Ltd. consolidated Publi- Winnipeg, had a icl profit (if Sti.Vli million in 1971, compared wilh million in 1870, financial statements filed with (tic gov- ernment show. The profits wore equivalent tn S-lli.23 a Class A preferred share and SI.62 a Class I! common share, up from and ?3.4B respectively a year earlier f-T Publications is publisher of the Toronto Globe and Mail, Ottawa Journal, Winnipeg Free Press, Calgary Alhertan, l.eth- bridgc Herald. Vancouver Sun, Victoria Colonist and Victoria Times. Assets of the group on Dec. 31, 1971. totalled million, up from million a year earlier. ESTIMATOR-DRAFTSMAN REQUIRED By Local Steel Building Firm REPLY IN PERSON WITH RESUME 10 BEHLEN BUILDING SYSTEMS COUTTS HIGHWAY Offitfl locolid In General Farm Suppliti Main Building DEMONSTRATOR SALE 1972 MODELS NO. 5-174 1972 SWINGER 2 Green, VS. AT. PS, PB, R. Vinyl mileage. Reg. S4209. Special 53995 NO. 2-129 1972 COLT 2 Orange, AT, WSW rnrfio, 2000 miles. Reg. 3010. Spccpol S2795 NO. 7-154 1972 CHARGER 1 DR. Green, 400 4V, AT. PS, PB, R. V roof, bucko and console. 3000 miles. Reg. S5427. Special NO. 2-73 1972 CORONET CRESTWOOD 2 ST, 5W. V8, AT. PS, PB, R. roof rock. Blue 1300 Ri-q. 553.18. Special NO. 2-159 1972 CHARGER 2 Gold. V8, AT, PS. PB, R. vinyl Reg. Speci 55004. al 14595 NO. 2-43 1972 POLARA 4 DR. Green. VS. AT, PS. Pfi, R. 3.000 miles. 5f.rc.ol NO. 7-45 T972 POIARA CUSTOM 2 Red. 400 2V. AT, PS, F6. B Buc'.cl -toll, vinyl tool. 2000 milci. Reg. 5535. Sr ol 55095 NO. 2-146 1972 POLARA 2 Blue. VS. AT. PS, PR. P Vinvl roof. 3500 miles. Reg. J4961. Special NO. 2-105 1972 POLARA SPECIAL 2 ST., SW, beige. 360 VS. AT. PS. PB, B 3000 Roo. S5A61, Special NO. 2-111 1972 NEW YORKER BROUGHAM 4 3500 'miles. Reg. S8700. Special 57495 NO. 2-119 1972 NEWPORT ROYAL 4 Turnuoisi-. -100 VS. AT. PS. P9. R. vinyl rorl. )800 ni.lev Reg. 35931. Spe.ial 54995 ONE ONIY 1971 DEMONSTRATOR Polaro Spcciol 2-tlr. HT Blur. V8, AT. PS, P8. K. Reg. S4511. Sprciol "3295 KING CHRYSLER DODGE 3rd AVENUE llth STREET S. IETHBRIDGE PHONE 328-9271 ;