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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 26, 1972, Lethbridge, Alberta changes policy TORONTO (CP) Simpsons Ltd. announced today a major departure from its 20-year agreement with Sears Roebuck and Simpsons-Scars. President G. Allan Burton told Hie annual meeting ot shareholders that Simpsons will open a store in Ottawa, previously the territory of-Simpsons-Sears. "We tiave just agreed with our partners lo make the first exception to the exclusive-area clause relating to department stores contained in the original agreement of 1052." "Metropolitan areas, not now served by Simpsons, may have a Simpsons store in their future. Similarly, for example, Me ro-politan Toronto and Montreal may have Simpsons-Scars stores in addition to Simpsons." Simpsons and Sears-Koebuck each hold a 50-per-cent equity n Simpsons-Sears. A Simpsons-Soars spokesman saiing system for it to meet 'u lire export quotas, says Fan c D. Sinclair, president of'cana- c dian Pacific. i They will have to involve all t accts of the system, he sai( c nncl not just the railways, He suggested: t seven day, three-shift work week for all parts of the system, not just the railways. Use of trucks to ship grain from interior terminals. A shipment of a larger per-portion of cleaned grain ami more equipment. Attending the general 11 1, nee "aci vhic lair ent 072 icr ast "I he vill He velc api y i s loes shar C >s D sive of util Nat sale lea dus ill Market n sharp de( TORONTO (CP) Prices on :he Toronto stock market regis-icrcd sharp dec ines for the fourth consecutive session in .ight mid -morning trading Loday. The uidus rials index dropped .79 to 1B0.25 and western oils .42 to 220.E9. Golds rose .03 to 177.12 and base metals .01 to 220.59. Banks, beverages, steel and real estate stocks suffered losses while paper and forest and pipeline slocks edged ahead. Faiconhridge fell Hi to S84'A, Huron and Eric Mortgage ik to Slclco ?i to to ?43 and Inland Gas to Pan Ocean dropped 3s to SI 17s, Hanger lo La Luz 25 cents to S5.55 and Texas Gulf Sulphur to Erie Diversified gained lo W.i, International Utilities ?i lo Giant Mascot five cents lo Chieftain to and Bell Canada "i to Kenting rose to PanCnnadian Pelc Ik lo SlfHz, Mclntyre to S71U, Price !s to SimpsoiLs to and Algoma Steel V> lo LIGHT TRADE MONTREAL CCP) Prices were predominately down alines ight morning trading on the Montreal stock market today. On index, nrlustrials slipped 8iS to 203.52, banks 1.56 to 270.71 and the com josite .66 to 202.83. Utilities were up ,55 to and papers .1C to 81.51, Combined volume on the Montreal am Canadian stock excha nges at 11 a.m. was shares, compared with 374 400 at the same lime Tuesday. Palino N.V. was up 2 to Inglis ife International Utilities to Canadian International Power to MacMillan Blocdel Vz to and Canadian Arena Vi to Falconbririge Nickel was off 2 to and Hudson Bay Mining to Off each were Aquitaine at Canada Cement Lafarge at Steel Co. of Canada at and West Coast Transmission at 'A. PniCKS WEAK NEW YORK (AP) Prices were weak oi the stock market today, hut showed signs of moderating T u e s d a y 's abrupt plunge. Trading was fairly active. Declines were far ahead of advances in early trading on fho New York Stock Exchange, but advances narrowed the gap to about 7 to 4. The noon Dow Jones average of 30 industrials was up .83 to 947.3. In ear ier trading it had been off more than 3 points. Among Canadians on the New York Stock Exchange, Mclntyre Porcupine dropped to and Walker Gooderham lost Vi to Vi. On the American Stock Exchange, Canadian stocks were fractionally lower where need stret SASKATTOON (CP) A viable rapeseed crushing industry must be maintained in western Canada if tleveipoment of improved rapcsecd varieties is not to be seriously (ielayc Oc r Ma Jl> Oc I Ma Jly Od Lethbridge livestock {Supplied by Canada Department of Agriculture) On offer to a.m. 360 cattle. Receipts mostly choice butcher steers arid heifers. Cattle market active. Good am choice butcher steers meeting very good demand at firm prices. Good and choice butci er heifers meeting a keen demand. Prices 25 to 50 cents higher. Double U Ranch o Glenwood sold one load o strictly choice high yielding heifers, averaging 923 pounds at 35.20. All classes of cows selling at steady rales. There were insufficient replacemcn cattle sold early to establis re iable quotations. Choice sleers 36 lo 36.70 good 35 to 35.75; medium 33 to 34. Choice heifers 34.50 to 35.20 good 33.25 to 34.25; medium 3 lo 33. Good cows 27 to 28.50; medium 2G lo 27; canners and cutters 21 to 25.50. Butcher hogs sold Tuesdaj at Lethbridge yards 28.20. base price. Calgary livestock CALGARY (CP) Receipts on the Calgary livestock mar iket to 11 a.m. totalled 900 jhead, mostly slaughter steers anri cows. Trade was strong and active with n good loca demand. Slaughter steers sold 25 cents higher and heifers were fullj steady. Cows traded on a steady basis, quality consider ed. Bulls 50 cents higher. Choice sleers 35.25 to 37 good 35.25 to 36.25, medium 33.50 to 33.55. Choice heifers 34.50 lo 35.20, good 33.25 to 34.25, medium 31 to 33. Good cows 27 lo 2B, medium 25 to canners and cutters 20 o 24.50. Good bulls 27.50 to 29.CO. Heplacemenl caltle consistet of steers weighing 900 lo pounds and heifers in Ihe 600 to 7CO pound range. Prices on replacement steers and heifers were steady. No stock calves offered early. Good feeder steers 750 lounds up 35 to 36.70, goo< feeder heifers 32 (o 34. Hogs average base price 28.25. Good lambs sold Tuesday 20 to 28 live Hog prices EDMONTON (CP) Average prices to 11 a.m. provided by ttie Alberta Hog Producers Marketing hoard: Edmonton: 28.25. average Tuesday 28.16. Red Deer: 23.25. average Tuesday 28.20. Calgary: 23.25. Average Tuesday 28.17. Lethbridge: Nil. Average Tuesday 28.16. Lloydminstcr: Nil. Average Tuesday 27.72. Grande Prairie: Nil. Average Tuesday 27.24. Fairview: Nil. Average Tuesday Fort Macleod: Mil. Tuesday 28.20. Total" hogs sold 477. Hogs sold Tuesday Average 28.01. Sows average nerv record OTTAWA (CP) A record number of carloads of grain were unloaded at West Coast ports in the week ended April 21, Otto Lang, minister responsible for the Canadian wheat board announced Tuesday, In a weekly report, the minister said cars were unloaded compared with the record unloaded the previous week. So far in April, 000 bushels of grain have been unloaded on the West Coast. Beef futures WINNIPEG (CP) Live beef futures close Tuesday. May 3G.OOB; Jly 34.75B; Sep 33.00. Monday's volume: Six Net earnings Hy THE CANADIAN PRESS Canada Trust Co., three months ended March 31: 1972, 58 cents a share; 10 58 cents a share; 1971, 14 cents. Canadian Pacific Investments Ltd., Ihree monlhs ended March 31: 1972, million, 18 cents a share; 1971, OS million, 13 cenls. Great Canadian Oil Sands Lid., Ihrec months e n d p. d March 31: 1072, loss-1971, manpower legislation introduced EDMONTON (CP) bill that would allow the Alberta government to enter into agreements with Ottawa in tlie area of farm manpower was n-troduced in the legislature. Agriculture Minister Hugh Horner, presenting the proposed amendment to the federal -Provincial Farm Assistance Act, said such an agreement "is essential if we are going lo develop programs" related to the organization and use of workers for fanning anc related industries. The act now allows the province to enter into agreements with Ottawa in (lie areas oi farm or other land use and conservation, inclitd i n g irrigation and water development, farm credit, crop insurance and rural development .31 Oom CO Montreal 21.a7Va S Noranda Dom Stores 15 25 Tor-Dom 37.75 Neiv York stocks (Supplied By Richardson Sccnritles of Canada) Amr T and T 4275 Sears 112.25 20 Golds off .W Anaconda Oil of N.J. 70.50 10 Base Met 95 62 up 02 Beth Sleel 30 .61 Vi Texas Gulf 117.50 15 W Oils 22101 U C. Chrysler 3-i.OO Texas Co 30.25 Volume Ono Connsflt 62.00 V-'ickes Corp il.75 NEW YORK AVERAGES Dupont 169.25 Wcalwortfi 37.75 30 Indiisl 9-17-3? up .83 GM Efec 10 Rails 261.70 tft Sfeel 30-75 1S UtilHIes Up .45 Kenn Copper TORONTO AVERAGES 65 Sfccks 323.65 olf named ]jy WINNIPEG (CP) Former the federal Liberal party leader-federal cabinet minister Eric ship in 1968 and was postmas-Kierans has been appointed an ter-general and minister of corn-independent consultant to help munications in the cahinct. formulate Manitoba's resources He resigned from the cabinet development policies, Premier in a disagreement over eco-Eri Schreyer announced today. nomic policy. Mr. Kierans, 58, MP for tho In his new position, he will bo Quebec riding of Duvernay, was a consultant to the secretariat an unsuccessful candicltae for of the cabinet's planning and priorities PROCTOR GAMBLE CELLULOSE, LTD. Hat immediate openings for Ihe following posil ons al ils bleached krafl pulp mill fn Grande Profile. ENVIRONMENT CONTROL ENGINEER Reipons brlilies lo include: abil ly to provide effective technical support in trealmcn lily lo develop and manage Ira in Ing programs for operation of waste trenfrnenl facilities, -abil ty to work effectively wifh governmenta and consulting agencies. somlnry engineer with nvironmentol conlro lunclians, problems in the kraft pulp In-wih consulting and regulatory cndcrship in process systems ndepunrfent problem analysis fectively ancJ work in a team crs in the operation of process 3 basic discipline of chemical, ical engineering, process indusfrici including a eve desirable bul not essenllol. GER II qualify of (he rovent and e imlnafe finished1 trol Control Laborafory, recly wifh Technical and Sa cs otion of customer specifications standards. wifli rich history of pulp d communicaling, both orclly lie on a learn basis, a ify tonjrol systems and air and wcrler pollution duilry, -Some? experience in agencies a clefinHe asset. PRODUCTION ENGINEER Respons hiltties include: obi lily lo demonstrate operation, obi lily end inifinlive of and solutions, obilily to communicate e atmosphere, ability lo 1rain non-manatj equipment. Qualifications; -Gradiraip wifJi mcchon calr rivil nr e cetr -5 8 years expcr cnee in portfon at o supervisory Somo pu p milf experience PRODUCT QUAUTY MANA Respons hi itios to include; lo coordinate overt manufacturing unils to p producl qvolily problems, ability to manage n Cen nbfl ty lo communicate di fl'dups lo facilitate to viable Qualifications: Graduate chemica prig n mill experience, -Experience in or cine! in with pco Experience in statislrcal qi (CP) Mass screenings for an inherited fatal IMUECTMEMTr I -rn ff -m disease which chiefly affects n" 1 i LIU. f r Jj Jcn-ish babies has detected five j, Metro couples who carry the Nw EQUITY FUND LTD. 'jS disease. About couples NW GROWTH FUND LTD. a have beer tested for Tah-Sachs JgL iseasc, which affects about one Nw FINANCIAL FUND LTD. in four children of carriers. For a confidential disunion call or flirted children "aS DICK 609 Sf- s" Lethbridge Ph. wmqa i SP WW ByGene Trans-Canada Sole Flier Corrections Please noto the following corrections in Eaton's big Trans-Canada Sale Flier, delivered to your home: Ifem Mo. 677-523, page 19, "fmbaisy Quilt Top 39" s should have read Mattress or Box Spring each and not unit. Each TOUR ROTARY MOWER CAN NOW 8E CONVERTE0TO A POVVW RAKE ANO THATCH REMOVER. REPLACE THECUT-TINS BLADE WITH THESPECIAL RAKE BAR, ANP DEAD BRASS ANP CUPPINSS ARE LOOSENED ANO LIFTED OUT AT IESS COSTTHAN A POWER RAKE'S HOURLY j CWMS success wftiuteuAHfMreseuataNO ANomowefs fat fioweaaeos.r No, B, ni above, 54" motfrest and heuo unit, should have read 54" Mattress OR Box Spring. Sale, each 104 No. 705-525, pago 19, Deluxe crib for an Infant should have read Posturematic matlress support and not foam-padcfcd Posturemotk mattress support. Sale, each 37 -Capable of thinking and development. Amicipatod dale of flmploymonl for of the listed positions would ho Juy 1, 1972, Applications should be submitled in wnlirrg nol later than May 10, 1972r to: Personnel Manager Proctor and Gamble Cellulose, lid. R. R. No. 2, GRANDE PRAIRIE, No. 519-430, page 15, Women'i Glider 74" ton speed racer bicyde should have been priced ot 74.99 and not 64.99 as quoted rn the flier. Hem No. 572-573, page 16, package of 3 roiei twin pack roses, 3.49 should hava read Two Only Roses, 3.49 Sorry for the .WodnenJoy, April 26, 1972 THE LETHBRIDGE HEFAID 21. meeliiig Monday of Canadian Pacific Investments Ltd., of which he is chairman, Mr. Sin- also said he was confi- dent the system will meet ils 1972 target despite poor wea- ther during Ihe winter in both eastern and western Canada. "I share the enthusiasm that j Ihe 800 million bushel target ivill be exceeded this year." He told a news conference ho welcomed the flow of foreign capital necessary to develop Canada's resources, particular- in tlie west and north "Whether or v.ot a company good corporate citizen doesn't depend on where tho. shares are owned." 1 Replying to a question about pressure on the Alberta gov- nrac'iit to legislate higher royalty rates, Mr. Sinclair said the rates of 12.5 to 16 per cent equitable considering the development history and econo- mic conditions. 'In light of the risk run and the wav the business is run, I think the royalties are fair. "J think the Alberta govern- ment will carry out its contac- lual obligations. If you have a contract you carry it out. You don't carry out the contracts you like and throw out the ones you don't like." ile added there Is a legal b.'i'iis for ring Dr. Sallans, who did e.x'en-[ countries replacing research into development repesecd crushing. Canada in of oil seeds and crushing and SnHnns was testifying on utilization of products for tho i helialf of four western crushers Research Council, during Ihe first day of CTC failure to mair.'ain a ly western crashing in- y might result in olher Rapeseed Vancouver: June 1 695fcB; Sep. higher Nov. Vi higher Z.593iA; Jan. unchanged 2.56'iA. Hapeseed iliunder Bay: May lower 2.65ViB; July un- changed Oct. higher 2.53B; N'ov. not open. Oats: May unchanged 69A; lower G9A; Oct. not Barley: May unchanged 1.0931A; July Vs lower l.CWiiA; lower l.llliB. Rye: May 'i lower l.OHiB; lower Oct. 'i higher 1.01VJA. Grain quotes Tuesday (basis Ltw Close 231 'i 279 271 li Hjgh Flax 283 'A 281 _ _ Hapeseed Vancouver 2Wi 262'i 200 258 257 Rapeseed Thunder Bay 268Vi 2B3V4 Z 282T 278 270ss 260 260 Oats 69 Jly nf _ p iiarley Rye 253'A 253U 69 69 69'.i 70 105 101 105 102-U 101 hearinps into the freight rato on rapeseed oil and meal travelling into eastern Canada. He said rapesced growers and processors of rapeseed in western Canada have atcd to improve rapeseed var- ieties, making them more ac- ceptable for use in edible oils am! meals. He stressed the Importance of maintaining a healthy crush- ing industry in the weol. where all of Canada's rapeseed la grown, so uirther improve- ments could he effected. Under cross examination by CNR counsel H. G. Pye, Dr. Sallans agreed that eastern crushers had also co-operated with growers in the evolution of the rapeseed industry. Asked whether he would rec- ommend any further expansion of the crushing industry in v.'estcrn Canada, Dr. Sallana said he would have to think ser- iously hcfore he would recom- mend it. Kenneth E6H of Dugald, Wan., testified on behalf of the Rapeseed Growers Associations of Saskatchewan, Manitoba and Alberta. Mr. Edi said 11 !s in the In- terests of prairie growers to support the wesleru crushers in the application to hnvo freight rates reduced on rape- sced products leaving t h a prairie region. He said eastern oil seed crushers use rapeseed only U they are unable to obtain other oil seeds, especially soybeans, more cheaply. Air. Edi admitted under cross examination that Cana- dian growers have made only limited efforts to interest east- ern crushers in their products. Ile said eastern crushers have had ready access to western rnpesecd and that emphasis has been mainly on finding ex- port markets for rapeseed and rapeseed products. SKIING TIME BEGINS IN ABERW ON SUNDAY EPRIL3O, ET 2OOam Turn your clock ahead 1 hour on Saturday night, Apr.29 IVfcl Bureau of Public Affairs pg; GOVERNMENT OFTHE PROV1NCEOFAIBERTA ;