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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 24, 1972, Lethbridge, Alberta April 24, 1972 THE LHHBRIDGt HERALD 17 Toronto market prices dip slightly TORONTO (CP) The To- ronto stock market turned frac- tionally lower in moderate mid- morning trading lortay. The industrial index was down .07 to 201.28 and base metals to 97.03. Golds were up .311 to 177.57 and western oils .OG to Volume by 11 a.m. was lill.OlKl shares, down from at the same time Friday. Declines outnumbered a d- vances 120 to 100 with 197 issues unclinnficd. RiRCOdt losers were heverajlc, merchandising pipeline, trust ami loan, slecl and banking is- fucs. Industrial mining, Rencral uianufacluriiif! and chemical clocks edged f r a c I i o n a lly hifiher. Newspapers dropped I-, lo S33li, Montreal Trusl '.2 lo f20, Canadian Tire A to Pine Point 1't and Hanger 'A to 520" i. Guaranty Trust was down Iz lo Ronalds-Federated :is to SKPi, Tara to S1011, Numac lo SH, VYestcoast Transmis- sion 38 to and Hell to Kalconbridjie rose 2 to Dominion CitnLs i lo Sciir- 'i lo IV'i. Electro- home i.i to SG7 aid Inco 's to Vancouver, Calgary, Montreal (Supplied liy Dalicrty. McCuaiR Umilcil) LAST 1J1I) Oil SALE CualeO a.m. UuoI'M e.rv Miscellaneous quotations Oacks appear Vancouvpr. Cnlnrirv. Montreal Jt- bin job policy Husinrss a WESTERN OILS ML S13 ML 7.2C ?l.Wa H AihlnrvJ HP OH Call Gai ID 35 35 n 32 00 LIGHT THAItK MONTREAL mixed in light, morning trading on Ihr: Montreal slock mnrkci today. On index, industrials up 01 to 204.65, utilities -T.9 lo LG4.23 and the composiLe to J01.23. Banks clown .4-1 lo and papers .21 Lo U3.42. Combined volume on tlic MonU-cuI and Canadian slock exchanges at 11 a .m. was compared with at the same lime Friday. In MSK tfains, National Trust was up P.I to Rapid Data Systems lo Hra.scuii -S to CAK Incluslrius to and Labatt :is to In losses, ralconbridgc Nickel was down v.'i (o SJiV i, Distillci-s- Kcagrams to Cuaranly Trust :V to SIP- find I'aclttc 1'elrolcum lo i. SHAHI' DROP NEW YORK (AI'l market, prices look a nose dive in today's aciivc trading on the Iiecl.s on news thai tlic Price Commission would reduce prices at .some of Lhc nation's major corporations. The noon Dow Jones average of 30 industrial stocks fell 6.G2 to OiH.lEJ. Declines held a 2 lo 1 lead over advances on the New York Stock Kxcliange. Among C a n a (1 ians on the NYSK, Mclnlyre Porcupine was down T'K lo e and Alcan lost lo On the American Sloth chaiige, B r a s c a n Ltd. and Scurry Rainbow Oil both gained lo S23'2 and .--spec- lively and 1'rcston was up a lo Can Sourh Cdn Ex Gas Cdn Cdn Ind Gai Oil Con Super Cdn Long It Charier Dome Pcle Gl Plains Gt Cdn Oil Ltxhiel Morlb Cctn Olt F'Ancdn Place Gd! Ponder West irj.i MISCELLANEOUS INDUSTRIE.) Aqudlaine J] 1 Brine- 4 j Cdn A 305 COn Cdn iky Oil O sky Oil Inler pipft Inter Sled Dal Rei fl W Fi- fj Or WCF Tclodyre West Cdn Se-d WhlH? YuVon I JOHANNESBURG. South Al-J porary" basis frr Irica KcuterJ 'flic steady a.n 4 15 J.SD l.i PfPE LINE STOCKS M Gai Nal prd Inland Net Gas H nnd C Gas N and C P Pld i Pacilir Ga: 33.50 75.00 10 13''a 16.12'j 28.01 Aft on Arctic Mining Alias Explcr Nwse Bryccn Churchill CDPP Dolly Varden War V.'C WC Trans MUTUAL FUNDS AH Cdi ionf .50 Ind Cdn Divld All Cdn Venl Auir Gr f J AGF Social A Cvnnus B Fatten Copper Gcnslar Home A Home D Hifd Day Co H'jd Day Oil Hurf Bay Oil Pld 575 6W 13.42V: In VallGV Copes' 6M K 93 9.74 Filock Brcs V9S 10.89 B.C. Sugar 3003 IS J i-i B C. Sugar Pfd 1567' 7.17 7.87 Cap. Inlpr t to S 55 Crestbrcx-V. F Ind J U 01 5.52 Hys 'V 97 7 Infcr 19 47 50 io.oo Inter- 11 14.0.( Inter Marii Cmnv; Lev 3.9J t.31 Key Indict Ccrp 6.U i, n Pacific W Air C'.rp In Sf F S 2J i.Si Slairpede Irll Res nreylus F U.S. 13 72 IS 01 OILS Gr In Shares i 03 X.J9 Albany Oil Gr Lqulty 7.57 6 74 Plains Invr-al Gr F 1? -12 13.M Weil Explor 7 11 3 trickle of non-whites into work previously resnvcd lor whiles I only lias readied such propor- tions ;LS to amount to unuffi- cia1 chiingc in South African government policy- Many of Hie cracks in the country's .1 p a r t li e i d system liavi; taken place in tlic post office and on the railways. Blacks, Indians, or mixed-race brakcmcn have been used on the railways in Durban anil the experiment is lo be exLcndcrl lo cover other "while" jobs. An announcement by Trans- port .Minister Ben Schocman employment of non-whiles on the railways be? ex- tended followed quickly by budget speech by Mavais Vil- jocn, the minister of posts, who Siiicl nnn-v.1 lutes now bcinfi trained lo serve their own po behind counters in v.liitc areas. I n addit ion, non-white post- men, who have been working in while-reserved jobs on a "1cm- seven years, be iipjioinitd iwrmnncnlly, I'e siiitl KNOKH" UIMTCS stark fai-Us Ijc'liind tliesc moves arc siinply lluil 'hcrt1 are nol inon [lo the of work required. As the man beamuvs moro nrnl oinrc I prosperous in an extremely ;il- i fluent socicLy, liis roUifliuicv in tackle menial lias liavc never hail tn (to the Unvtjsl Afrii-n is full of inexpensive v. dcspciratcly nctd any kind fil job n t men drive biiies, art! build- ing site ffirdniv-n. frir in-.timee arc IrequcnUy There is '-till .scimu im employment 1ml uhcn (he ini- employablfi a r e di.secmntL'd. (hose v.'iihout latixi poL'ki-ls such Canadians borrow at record clip lly C'. A spcoiicl nioior question IA iiriilhin I'rcss Husinpss Kdilm- wheilit-r Ilic active compctilion Ijv tin1 hunks for the deposit Irr is to drive up intci-- riitcs Increasing inlerest ales tend lo slow tlic rate nf recovery. Ciintly says II proh- r.bly 11 lime for Ilic cenlral bank U) impose a limit on the ill'.1 el inleicsl tlic chartered arc perniillpd to pay m bcari-i and are in i-o ;is sales rcp- Canadians arc money al a record clip and. al the same lime, lliere is aKgn's- >ive compelilion amonu Ihe (liarlered hanks (or I ho dcpusil dollar. This combination til lactni-.s. comiiiR al a time when llitic ne'.v fears of aiiollier "iiit- In-i'iik cf Millationary prcssiii'iis. raises some questions The lirsl is whether there surne limit that should lie ap- plied to Urn growing total nf consumer credit. In brief, how much cralil is enough? Many individual cuifiumw- credit irausailions are tar nn.dl Mnls ud notes "incL-easing specillation over the' possibility and efficacy D[ IN; ol Canada some un the chartered hanks' [or non-personal, term ami nolicc llov. d') the hanks Ihe fsilni i-'.' The hankers' associa- This would follow the aclion in 1'ivilcd States where llin Federal Reserve Hoard Eds Ihe maximum rate the member arc allowed lo pav1 Toronto mines, industrial? Grain prices Winnipeg Grain (.Supplied By Uicliar.Tson Scrnrlltrs of Canada) LAST HID OR SALE am. Juoiesi a TTI. GUDIM) fAIHES .J] Pino Poin .3i 37.75 75 :'js i ns 17 55 1 W 1.01 1.76 Texmon in'7 Uopor .311'! Wnfprr 1 10 Wrighl Radfore Rio Alrpm Sherritl Gcr SiU-cr Steep Reck ByGeno Fawcetle DRUG ADDICTION CURABLE BYSLJRGERY? WAYBE.ACCORO- KG TO A RETORT FROM MAYO WHERE IT HAS BEEN DISCOVERED IN ANIAVAL EX- PERlMENTS.THAT OF CERTAIN CELLS INTHE ELIMINATES livestock Calgory livestock CALGARY fCP) Ligljt re- ceipts of 175 head on Ihc Cal- gnry livestock markcl to 11 a.m. loday, practically all and bulls. Trade was mod- erately active. Thnre were insufficient, heif- ers nnrl slaughter stcors of of- fer to establish quotations. Cow Irndc ivns uneven, .selling bare- ly stcncly to ?l lower, with odd sales to 28.50. Dulls SI lower. Good cows 27 to 28, medium 25 Lo 2G.50, canncrs and cuilers 20 lo 2-1. Good bulls 27 to 29 There were insufficient re- placement. caUle or slock calves on offer lo ostahlish n market. Ml'CO fl r Do'ssn Cable Fd Amr Gt Cd.-. Oil Gen Inl Ufililiel Irdusl Acccc Laurent'ids Kelly Uouq INDUSTRIALS Pirsl Giflnl Y K. Bovis Hydra E r. Ircn Day Kuy L.ifcr Lake 1.14 E' CO Jl LO 35.55 n R.L lie G.F. Alran Algoira SleH Alco Ind Agra Doll Tel Draril Trar H.C Tel B.C. Fcrei' ECVJ Ct.E Inj Cal Po.vtr Ccrcn Crefli! C V.'.N. Gas is A'ol ilan e Corp ,ni A IMJ'a North, Cc-fit J PciilC-r Corp 31.M Price Co ill .ID Rclhman.i SI Law Corp :i M Shell CDA 31.CD 7.J1 Simp JWi Steel of Can 19 M 7.75 ?Q 5? 5 7S 2 70 17.121 j U.H' 3-J 35 J2.IO 31 7S II 7i WINNIPEG (CP) Trading continued nl mirl session Ihe Winnipeg Grain Ex- change today, with prices mov- ing IracliouaHy in bolli direc- tions. There was only a limited in- .uresL in all commodities. Rye. jarJcy