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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 24, 1972, Lethbridge, Alberta April 34, 1772 THE LHHBRIDGE HERMO 17 Toronto market prices dip slightly TORONTO The To- ronto stock market turned frac- tionally lower in moderate mid- rnorniiif! trading lortoy. Hie industrial index was down .07 to 201.28 and bnsc metals to 97.03. Golds were up .311 lo 177.57 and western oils .06 to Volume by tl a.m. was shares, from at the same time Friday. Declines outnumbered OK SALE a.m. Oualei) a.m. (Judys' fl, WESTERN OILS Hugh Russell mlnox S.SO MusVy Oil 7.JQ Husky 031 D Husky Oil 11 75 Inter S.IO Inter Prtw Sice! 7.75 Kaiser Res 3.3S WGF NUnaue 7.05 Pacific Pele Rainier Alia Easl Gas AthlarvJ HP Oil Gfli Can Soufh Cdn Ex Gas Cdn HomesttJ Cdn Ind Gai Oil Con Super Cdn Long It Charier Chlellan Dome Pele Gt Plains Gt Cdn Oil Lochiel Horlh Cdn OH F'ancdn Pan Ocean f'clrot PinnaclP Place Gd! Ponder Ranger Rain Spooner Seibem lofal Pefe Ulitcr Wpst- Decalta West Pete 28 75 u 7J i.75 1J.75 10.7S 3.Pi Quotei s rial Rei tt W Fin TJ w Gr Principal Gr O-.yfrr Temp Gr 7.C6" in job policy I JOIIANNESBUKG, South Af- porary" basis for n? lontf rica (Renter) 'Hie steady seven years, would he trickle of non-whites into work wrmjincnlly, he sukl at record cli 43.75 .53 J.V9 10.35 3575 4.50 '.J5 Teledyne 415 We51 Cdn Seed While YuVon CO V.'eiMield 1.71 CALGARY Acroil Caroni Oil .CW Madison -IS VAirner ,M PfPE LINE STOCKS w Vent 7.59 8.34 VANCOUVER MINES Arctic Mining Explcr Bath Nwie Brcr.da Thomson Newspapers dropped c rations. I- fill '_ milt-rill Trlll-l l.i. J _ Ivs to Montreal Trust lo Canadian Tire A to Pine Point V't to and Ranger to 520li. Guaranty Trust was down to Ronakls-Fcdcralctt :is lo Tara lo SIGVi, Numac 'ii to TraiLSinis- to and Ilcll to Falconbridgc i-osc 2 to saola, Dominion Citnus to Sciir- lo Eleciro- homc to Inco lo i. LIGHT TKA1IK MONTREAL were mixed in light morning trading on the Montreal stock market today. On index, industrials up 01 to utilities .39 to 164.23 and the composite .UJ to J01.23. Banks down .44 lo !74.5G, and papers .21 to 83.42. The noon Dow Jones average of 30 industrial stocks fell 6.02 to Declines held n 2 to 1 lead over advances on the New York Stock Exchange. Among C a n a ians on the NYSK, Mclntyre Porcupine down T'A (o and Alcan lost lo On (lie American change, B r a s c a n Ltd. and Scurry Rainbow Oil both gained to and lively and Preston was up to MISCELLANEOUS AquAlalno 33. Ctfn Drew ft Cdn Drew B Cdn Pacific Crowsnest In Alia Gas A Alfa Gas PFd .ty.i Alfa Nat Gas ,E3 Inland (iaf Gas fl nntl C N and C P Pld I7.I21'! Pacilir .90 Ca: G.ll Metro A 6.50 Trans Cda Pipe 1 42 Trans Cda B 5 Tr Cda A 10 Trari-; War V.'C WC 53.iO 75.00 13 5Q 3S.01 i.UV Del Vardei Dynasty Res Fcr1 Giant Mascot Granule 13 CO .11 7.fO 81.50 15.35 30 37V-1 II.JO 3055 16.6JV: Home D Hifd Day Co Day Oil Bay oil Pld 50.00 ;V Copper SOT PAU7UAL FUNDS IKOUSTRIALi AH Cdn Cam 8.9J S.75 Block Brcs Al Divld 10-89 B.C. Sugar 5005 All Cdn Vent -MS B.C. Sugar Pfd 7 17 7.S7 Capt Inlpr 3.55 CresfbrocV. F Ind J.1S 5.01 5.52 Hys 7.10 7 66 Inftrier Brew 3.M Inler Mariner .59 3.92 i.31 Key Indi.'s! J2 6-1J 6 ;i Pacillc W Air S 3J i.Si Inll Res 1.28 Drtylus F U.S. 13.72 OILS Gr In Shares 403 Alcany Oil (4 Gr E'qLilly 7.5? 6.74 Plains Pele .33 Gr F 12 42 13.58 Wesl Explor H '-J AGF Sfwcla Cdn In F Col -a-j srg? r- previously resolved for whites only has reached such propor- tions as lo amount to an uiioffi- cia' change in South African government policy. Many of Hie cracks in Ihe country's apartheid system have taken place in the post office and on the railways. Blacks, Indians, or mixed-race brakcmcn have been used on the railways in Durban and the experiment is to be extended to cover other "white" jobs. An announcement by Trans- port Minister Ben Schocman .bat employment of non-whites on the railways would be ex- tended was followed quickly by n budget speech by Movais Vil- joen, the minister of posts, who said non-whites now were being trained to serve their own ]ieo- pe behind counters in white C a n a d i a n s arc borrowing ENOUll" UIIH The stark farts behind the moves art; simply thul 'here aic lot enough white men willing t..! money at a record clip and. al the type ol ll'c timc- ltlcrc ls work required. As the white competition anionR the man becomes more and more j chartered bonks for the deposit prosperous in an extremely ;il- i dollar. llv lllVINU t'. WIIVXOT A second major question Press Business Kdilor whetiier the active competition liy the bunks for the deposit dol- lar is helping to drive up inter- est rates. Increasing interest rates tend to slow the rate nf economic recovery. Wood Cnmly Ltd. says it prob- Kblv K time for the central fluent society, his roluctaiice tn combination of factors. jmposc a on )he tackle menial U'ormiiR a time inlci.csl chartered are frequently There is still soaiu v.hi'.e im employment but when (lie mi- but the total is huue employable are diseounted. the'end of 1971, thu Cana- those are in Hankers' Association esti- lated pockets sucli as sales rep- mnies, consumer credit totalled rescnlativcs. more than S12 billion- or nearly In' addition non-while post-! The non-while, particularly two months personal income cf the black, is prevented by tiic total population. Wimmat- hanks are allowed to pay on Many individual consumer- 51M cifio or more, credit tronsartions are for small rrv Mnls nJ. aisn who have been working in while- reserved jobs on a "tcm- noles "increasing speculation over the possibility and efficacy cf the Bank of Canada imposing some reftiviint on Ihe chartered hanks' bidding for non-personal, term am! notice deposits.'1 How do the banks view the bankers' associa- lation from rising above certain those owing small amounts. grades in each industry. No j ii is clear that Ihe indebtedness lilis s. matter liow low-paid, he must of many individual consumers smnlnary, c o n s u m e r J 7 i ''old on lo his job for fear of not i may amount to several months' ,.nn to have he lOrOntO milieS- inClUStriaif Graill PriCeS fMins rnotlier. lie is further income. t.umc all essential part of liviaj J 1 hampered by Inv.s forbidding I THIKS TO hXPi.AiN in our modern society, its socia Winnipeg Grain (Supplied By UichanTson Securities of Canada] LAST BID OR SALE a.m. GupTes) WINES .24 33.Ji MI-CO a r Dofs; 5 DRUGAOOICTION CURABLE Y.SURGERY? IWYBE, ACCORD- NG TO A REPORT MAYO WHERE IT HAS BEEN DISCOVERED IS AMIAVAL EX- 'ERlWENTS.THAT DESTRUCTION OF CERTAIN CELLS HYPOTHALAMU5 ELIMI MATES TMfCfU G80VP, OR Livestock Calgary livestock CALGARY (CP) Light re- ceipts of 175 bead on the Cal- gary livestock market to 11 a.m. today, practically all cows and bulls. Trade was mod- erately active. There Mere insufficient heif- ers and slaughter steers of of- fer (o establish quotations. Cow trade was uneven, selling bare- ly steady to SI lower, with odd sales to 28.50. Bulls SI lower. Good cows 27 to 28, medium 25 to 2G.50, canners and cutters 20 to 24. Good bulls 27 to 29. There were insufficient re- placement cattle or stock- calves on offer to establish ,1 market. Hogs 20.20. Canada Turn Cflssinr Central Pat, CcJiwest Ccr.s. R.imt Coin Lake Ccchenour Dickens on, Denisun Mir Deer Horn EiiSf Sullivan Sheiritl Gor Silver Wilier Steep Reck Tek Corp. Cable Fd of Amr Gt Cdn Oil .11 Gen 1.18 Gl Lakes Pap oil Cda 17 Greyhound 8.65 HawKer Sid 15.00 0 Hir 7.25 1.76 Texmonf 10 in''7 Upper Canada J 05 -31Vi Western Mines 1 10 Wright Hargreaves 1.15 3500 Willrov 1.17 WinrJIall YellDi nipe ia< Oil Zen .15 C-rn .52 .95 1.16 E7 CO a.15 INDUSTRIALS Jl.CO Hudson Ray M-S 25.55 Hydra Ex. .18 Ircn Day ISO 2.CJ Viorse Copper 5.3S Abltioi Alran Aigoina Steel Atco Ind Sugar Agra Ind Oe-ll Tel Brazil Trac B.C. Tel B.C. Bovj CAE Ind Cdrt Bre'.v Cfll Power Cdn Marconi Cdn Vickcrs Chrysler CPR Ccr.', Bath Cons Gas Cdn Gas Dist Dom Int Pipe Inv Go A Int McWiilJan Bloc fAoore Corp W.olscni A 8.75 22 M n 25 1C-.W 6.75 l-f.U': 31.M Price Co rtl.IO 70.41'..-i SI LavJ Cor 71.50 Shell CDA 31.CO 7.50 Simp Sean'i Steti of Ca: J-50 Selkirk A I.JO Traders Gp A Trans f.'.tn Pp Trans Can Pp 1! M 1.15 Unicn Oil 11.25 vcrSBlilo fJ S5.CO v.'esteel Unicn car 27.R7V3 Westcn's B ?.M 35 33.12V J7.00 17.421, 16.75 Sd age BANKS Can Imperial i wonlreal Wov.i Scotia Royal 35.12ts Tw-Dcr ".5.75 J1.J5 9.50 H U.JS 5.75 7.50 IE. 50 31. CO 4. 15.75 16.7S 28.55 3 2.90 35.75 11. 3 50 g non-white trade unions. j Is that loo much? The assn- js clear, and the Today, the shortage of while elation tries to answer this way: wiu lemair a principal labor may work to liis advan-i "Some analysts stress thai, flf its availabilily." tape. Though no one should read consumer credit is at a too much what is a liny high level, so are savings and chip off the luifie rock of apart- 1 other consumer liquid assets, heid, recent changes have been i "Even so. some analysts limi sufficiently marked to cuuse 1 lilUc comfort in such statistics. There was only a limited in- i controversy in political circles, j nionihs eiulcd March W: WINNIPEG (CP) Trading continued quiet at miri session the Winnipeg Grain Ex- change today, with prices mov- ing fractionally in bolh direc- i Net earnings By THi: CANADIAN" PRKSS .Kniscr Eifsources Uil., three tL'resL in all commodities. Rye. barley and flax were off wliile prices in rapeseed and oats were mixed, Friday's volumne of trade was bushels of flax, of rye, and of rapeseed. MID-SESSION PIIICESi Flax: May unchanged 2.85A; July lower Oct. lower Nov. ss lower Rapeseed Vancouver: .lunc lower 2.67; Sep. -Is higher Nov. ard Jan. not open. Rapeseed Thunder Bay: Way I Hitachi plans 'and'oilier liquid assets in fact S3.77 million loss, 33 nrc not Ihe same as those who share: 1971, S5.33 mimon, are deeply in debt." cenls. Lo color fc-ts TOKYO (API Hitachi Ltd.. a major Japanese machine manufacturer, said today it will assemble color television sets in Canada beginning in mid-June. 1'8 lower 2.6-RiB: July liifih- milNKlNG LAW LUSAKA, Zambia (AP) President Kenneth Kaunda has signed into law a bill that pro- vides week c n d imprisonment for drunken drivers in a move to cut Zambia's mounting traf- fic deaths. New York stocks (Supplied By Richardson Securities of Canada) Hi'.ftchi officials said its as- Oct. H higher j sembly plan is aimed ot for- Nov. 's lower 2.5S-.iB. stamng a move in Can- ada against the import of Japa- nese electric home appliances. 1 o w c r i The sets will be sold in Canada. Hitachi's wholly owned sales subsidiary, Hitachi Sales Corp. of Canada, in Montreal will be used for (lie project, officials Oats: May 18 lower July higher 69tt; Oct. not Barley: May July u n c h a n ged Oct. lower 1.11'sB. Rye: July lower Od. lower 1.02-sB. WINNIPEG (CP) Grain quotes Friday (basis Lake- head Anaconda Beth Site I Chrysler Corr.sat Dupwil GW GuH irl Harvester Keon Copper Mortfgcmery Wa 35.00 62-75 1JO.OO Std Oil cf NJ. 70.75 Gulf Co Corp Westinghouse Flee U-S, Sleel 31.57' !0 Gold! 177.57 up -38 !0 flase off .J7 15 W Oifi 221.It, up .04 Volume NEW YORK AVERAGES a 50 Indusl 957.18 oil