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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 27, 1972, Lethbridge, Alberta -Thursday, April 27, 1972 THE IETH8RIDGS HERALD 21 Miscellaneous quotations QH TCSCTVCS Vancouver, Calgary, Montreal 3s under nre Stock prices up in slow trade TORONTO (CP) Gold Is- sues on the Toronto slock mar- ket remained fraclionaly lower while prices in most other major sectors climbed higher in slow m i (i -m o r n i n g iraclirg today. Ttie industrial index was up e Simpsons Sears rose Dominion Textile .23 lo 200.48, base metals .17 lo 96.02 and western oils .12 to 220.19. Golds were down ,14 lo 175.25. Volu mo by 11 a.m. was shares, up from al Ihe same lime Wednesday. Banking, real estate, food processing, Industrial mining, oil refining and trust and loan stocks scored moderate gains while communications, mer- chandising, steel, pipeline and utility issues drifted Dominion Textile was up 3't to Hamilton Trust 3s to S14V4, Sherrilt to Ranger lo and Erie Di- versified A to Falconbridge Copper climbed IB to Nornnda to Alberta Eastern Gas 25 cents to and Canadian Utilities Vj to Falconbridge Nickel was down 2 to Slelco 'a to Canadian Tire A lo Pa- tino Vz to and Pino Point M lo BANKS SLIP MONTREAL (CP) Banks slipped fractionally as prices rose in all other sectors in light morning trading on the Mont- real stock market today. On index, industrials ad- vanced .03 to utilities .02 to 163.16, the composite .01 to 203.74 and papers .81 to 84.52 while hanks declined .18 lo 269.57. Combined volume on the Montreal and Canadian stock markets at II a.m. was shares, compared with at the same lime Wednesday. Denison Mines slumped 3 to Falconbridge Nickel IVz to and Steel Canada lo (Supplied by Dohcrty, McCuaig Limited) LAST DH) OH SALE a.m. a.m. nuclei a.m. Quotes) WESTERN OILS Hugh Russell ?7 75 Invest Gr. Fd B.Vd Almlncx S.J5 Husfcy Oil 16.12'.'a Invest rV.uf 5EO 6.3J Alfa East Gas 7.75 Musky Oil B Mul Accuin 5.67 6.16 Asamera 31.12V'a Husky Oil S..IO Mut Gr Fd 587 Canada Permanent Mort- gage Corp. -U to and Inter- national Utilities to DJA (JAINS NEW YORK CAP) Stock market prices edged ahead in today's moderately active trad- ing. The noon Dow Jones average of 30 industrial stocks gained LOS to 9-18.00. Analysts said investors re- c e i v c d some encouragement from President Nixon's an- nouncement of further troop withdrawals from South Viet- nam. Among Canadians on the New York Stock Exchange, Mclntyre Poreupine was up 1 to Walker Gooderham lost to and International Nickel was off to On the American Stock Ex- change, changes were marginal. Ashland BP Oil G8) Can South Cdn Ex Gss Cdn Homestd Cdn Ind Gas Cdn Super Cdn Long U Charter Dome Pelt Gr Plains Gl Cdr> DM Lochiel Hariri Cdn Oil Numac Pancdn Peta Pan Ocean Petrol 5. .10 1J.75 11.00 3 75 7.50 33.50 Prov Pipw 5.15 inicr Prov S1eel 7.40 Kahfr- Res 3.30 MGF Managa Pacific Ptfe S 5> Rainier 42 03 -1.50 .57 Tcledyr.o J EO 5.00 West Cdn Seed 6.SO 10.mi V.'hHe Yukon 35.75 Wcstfield 1.55 32.50 CALGARY 650 Acroll ,50 1.45 Barons OH .Oi Madison Norlh Cent .02 IS.371'1 West Warner .52 ll.87Va PIPE LINE STOCKS Bryi Nat Res N.W. Fin N.W. Growth Prir. Gr Roylui Growth United Accum Universal Sav Vanguard Comltncn Vent VANCOUVER MINES Arctic Mining Atlas Lxplor Batfiurst 5.39 6J3 4.69 5.J5 60! 8.11 8-91 1D.98 12.00 AHa Gn Scurry Rain Spooner ielbens 'I ota I West Perc MISCELLANEOUS INDUSTRIES Aquaralne Cdn Brew A Cdn Brew B Cdn Pacific In Crowsnest Ind Falc sla Copper A11a Gas Pfcl -KS Nal .60 Inland N.it Gns 31.00 N and C Gas n and C B Pfd .30 Pacific Trans 960 Gai fAelro Gai A l.-il Trans Cda Plpi 5.65 Trans Ctla B Trans Cda A Trans Cda War Trans WC Trans 1C MUTUAL FUNDS All Ctfn Cam B.62 All CcJn Oiv All Cdn Veo Amer Gr Fd A.G.F. Sp Cdn Invest Fd Collect Common Inler 73.55 Croyik-n 70.00 Vardsn 77 75 Fort 12 75 Gi'inf Granisl" 29.15 A Home B Hud Day Co Hud Bay Oil Hud Day Oil Tfd 75.75 29.00 550 A.DO Valley Copper West cast INDUSTRIALS 9.S2 10.52 Block Bros. J.d7 B.C. Sugar 6.93 7.61 Capt Inter Crestbrtxjk For In 501 5.49 Hys 6 BS 7 53 Inter Brew 14.4? 15.65 Key Indus! _- 363 -l.36Pacific West Air Cerp Invest 60ft fiMSfampede Int Rn Corp In St Fd 5.2S OILS Dreyfus Fd LKS. 1375 Oil Gr Income Sh Pete Gr tHqully 7X1 a. 14 West Ex pier CALGARY (CP) The Ca- nadian Petroleum Association said Tuesday Cdn Brew .23 Chemcell J1.00 Col Cellulosft 2.jO Cal Power 07 Ccrcn Crcdi! CA'.'.S. GJS .6: Cdn Intiust .03 Cdn 7I.CiO Cdn Vickers Chrysler .16 CPR CornlnfO 9.JO Cons Balh .1? Cons Gas 28 Cdn Gas Dist Spa Dom Bridga Domf.ir Dam Textile 3 25 2 75 Bltt Corp Norrri, Cenf Price Co Roth 7.30 39.50 5.75 21.67'.'j SI Law Corp 71.M Shell CDA Simpson's Simp Sears Slee! of Can 7.50 Selkirk A J.EO Texaco 1.90 Traders Gp A Trans Win Pp 1.15 Trans Can Pp Union Gas Union Oil 3.95 Versatile Wg V.'esleel 3J.GO Union Car U.JJVi on'5 B 26-00 A 9.25 Zenllh Elec 19.CO BANKS 25.50 Can Imperial Alcnlreal 25-00 Nova Scotia 1J.B7V) Royal Tor-Dom T8.6IV3 2.EQ 30. ?5 43 75 37 42V: 21, JO 33.00 31.37', a J7.75 19. J 5 13 5.75 6.75 21-50 21-50 13-25 7.75 18.25 21. CO 12Vj 3S-CO 35.50 14.50 -11.50 -1.55 31.75 16.00 19.S3 37.50 3. BO SASKATOON (CP) Freight rales on rapesced products clis- criminatc agaiiLst western pro- ducers and they should bo low- ered in tho public interest, Sasp katchewan AgricHlUire Minis- ter Jack Mcsser said here. He told the Coiiailiaii Trans- port Commission hearing itito i he freight rale structure on ;he rapesced oil and meal tlic freight rates put Prairie pro- cessors at a competitive disad- vantage in relation to eastern Canadian ancf foreign crush- ers. He said freight rates, as they now stand, favor "long dis- tance transfer of raw products to major consumer markets pri- or to transformation into con- sumable Four western crushing plants supported by the three Prai- rie governments have suc- cessfully applied to the CTC for a review of freight rates. The western industry argue, that high freight rates on pro- cessed rapeseed will eventually cause the processing industry to be centred in tho east. With present freight rates am! Mr. Made; Siiici determining The government's objective seems to he a SH-por-rent boost in revenues from oil. Mr. Nicklc said the govern- ment should that a substantial part nf this could come from higher revenues un- der the existing royalty slrtio what these reserves are ami a lure because of increased pro- fair price for them will require duction expected in 1972-73. On this basis, he said, it western crushers Vic able to compete only In tlic "rela- tively small, slow growth prai- rie markets for vcgelable oils and meal." ISANFItiLD The argument that disparate freight rates on rapesced o i 1 moving from the west could Iransfer (he crushing industry to eastern Canada was echoed by John Banfield, president of the Rapeseed Association of Canada. Mr, Banfield, who is also es-1 ecutive vice president of West- ern Canada Feed Processors ScllCS Ltd. of Lethbridge, said west- supermen. The assessor will re- quire knowledge and skills ranging from oil pricing to Jaw and reservoir "I don't know where they arc going to find these supermen." Bill Dickie, minister of mines and minerals, toW a Calgary news conference the govern- basis, he said, liould be possible to reduce or eliminate n tax under tho Min- eral Tax Act. Oil revenue nicnt position poses some diffi-1 i hearings scheduled ''We have pioblcms rela- tive to assessment there is no doubt, about Carl Nickle, publisher of The Daily Oil Bulletin, said a tax on reserves would he "extreme- ly difficult1' to apply because of Machin r ern producers, have stressed the necessity of terminating the disparale freight rates. As n result, of meetings with the railways certain reductions have lieen obtained, but the basic inequity continued. Despite reductions liis com- pany still was paying 79 cents a hundredweight on meal from Thunder Bay to Montreal while rapeseed purchased by Canlin, an eastern company, goes the same route for 44 cents a hun- dredweight, Mr. Bantield said. up Grain price review Winnipeg Grain WINNIPEG (CP) Rape, seed prices worked lower fol- lowing a similar trend in Chi- cago soybeans at mid-session on the Grain Ex- Noiv York stocks (Supplied By Richardson Securities of Canada) ,'ADIA V V GAS DIVIDEND NOTICES NOTfCE is heroby given that tho Boord of Directors of I his Company hnj dcclor- ed the One Hundredrh quar- terly dividend of Twenty (20c) per share payable on June 1, 1972 upon Ihe outstanding 4% P re (ere nee shares lo be paid (o the share- holders of record ot (he close of busmess on Monday, May 15. 1972. NOTICE is also given thot the Bonrd of Directors of this Company has declared the Fifty sevenrh dividend of Twenty-seven Cenfs (27c) per share pay obi e on June T, 1972 upon Trie oulslandfng 5Vi% Cumulative Preference shares lo be paid to the shareholders of record at Ihe close of business on Monday, May 15, 1972. DATED at Alberta this 20th day of April, T972. By Order of Ihe Board A. J. SMITH Sec re Amr T T Anaconda Belh, Steel Chrysler Comsat Dupont Gen Wo for J Gulf Int Harveiter Kenn Copper Mont- "2 Sears Std. Oir Of N.J, Texas Gulf i Texas Co. 20 Gcfds 175.3S off ,13 10 Base Mefs 96.13 up .26 117.50 15 WesF Oils 21009 up .02 Volume 97A.OOO Wix Corp. MEW YORK AVERAGES dO.li 30 9-iB.OO up 1.04 Weslinghouse 30 Rails 2W.17 elf U-S. Steel 30.50 15 Utilities 1W.3T off .67 TORONTO AVERAGES 65 Slocks 333.W up .25 59.00 30 Ircdust 300.36 Up .11 Volume 79 75 sr.M'A Cauadiau held in Algeria ALGIERS (Reuter) A Ca- nadian computer engineer, Rob- ert Noel, was arrested as was leaving Algeria 12 days ago at the end of his two-year con- tract, Canadian embassy sources here sahi today. The govern menl n ewspape r E! Moudjahid said Noel, 31 from Normandin, Que., has been charged with "harming the internal security of Uie state and economic spying." It said he was detained at the airport when police found he was carrying confidential docu ments belonging to Sonatrach (he state-run oil and natural gas concern. Inquiries showed tha he had taped confidential sclerv tific programs, the newspaper said. Livestock report Sask. dam bill at 891 million OTTAWA (CP) The South Saskatchewan River Dam pro- ject initiated in 1958 by then prime minister John Dicfenba- kcr has cost taxpayers lion in construction costs to date. The amount was given in a Commons reply (o Adrien Lam- b e r t who also asked whether the Bank of Canada financed the project. He was told it didn't. Calgary livestock CALGARY (CP) Receipts to H a.m. today on the Cal- gary livestock market totalled head, mostly good and choice slaughter steers and cows. Trade was strong and ac- tive with a good local demand. Slaughter steers verc 50 cent higher and heifers sold fully steady. Cows were mainly medium and canner kinds with all grades selling generally steady for quality. Heavy and over-finished bulls wore diffi- cult to sell. Choice steers 36.75 to 37AQ> god 35.50 to 36.50, medium 33.50 lo 35. Choice heifers 3-3.50 good to 34.25, me- dium 31 to 33. Good cows 27 to 23, medium 25 to 2C..50, can- ners and cutters 20 to 21.50. Good bulls 27 to 20.50. Replacement cattle w e r e scarce and maihlv steers I pounds) 35.60 FREIGHTER VANCOUVER (CP) The Panamanian freighter Holy was fined here for polluting Vancouver Harbor with oil Nov. 29. IT PAYS TO LEASE! Leasing Frees your working capital. Leasing provides transportation at low cost. You fust sign a contract and pay ONE regular monthly Fee. coverage. Contact BORIS KORESHENKOV, Leasing and Insurance Depl. BENY AUTOMOTIVE ENTERPRISES LTD. 2nd AVE., ST. S. PHONE 328-1101 Market this week were cattle and calves. Slaughter steers and heifers were strong- er, cows easier and stockers and feeders ateadv. A good percentage medium and overfleshed cattle were on offer. Choice steers 36.40 lo 36.80; good to low choice 35.80 to 36.20; good Holstcin 32.00 to 32.80. Choice heifers 34.00 to 34.70; good (o low choice 32.00 to 33.00; good cows 27.00 to 28.00; medium and overfat 25.20 to 26.00; cannfirs and cutters 1P.50 to 23.00. Shelly kinds 10.00 lo 15.00; good bologna hulls 27.00 to 23.70; good butcher hulls 36.20; medium 23.00 to 30.30. Good short keep steers 36.00 to 37.00; fleshy (670 to 780 to 33.40; fleshy Hog prices EDMONTON (CP) Aver age prices to 11 a.m. provided by the Alberta Hog Producer: Marketing Board; Edmonton 28.40, a v e r a g i Wednesday 28.38. lied Deer 28.35, averag Wednesday 28.37. Calgary 28.30, averag Wednesday 28.37. Lethbridge nil, averag Wednesday 27.90. Uoydminster nil, averag Wednesday 27.90. Grande Prairie nil, averae Wednesday 27.50. Fairvicw nil, averag Wednesday nil. Fort Maclcod nil, averag Wednesday 28.40. Total hogs sold Tola hogs sold Wednesday A erage 28.37. Sows average 21.55. weighing SOO to pounds and heifers in the 600 to 700- pound range. No stock calves were on offer early. Good feeder steers under 750 pounds 37 to 39.50, 750 pounds up 34.50 to 36.70. Good feeder heifers 32 to 33.50. Hogs 23.30. average base price Mcideod Livestock FORT MACLEOD On offer at the Fort Macleod Auction (500 to 650 pounds) 39.00 43.00; green (550 to 650 pounds) 42.00 to 45.00; green (450 to 525 pounds) 45.00 to 48.00. Good short keep heifers 32.00 to 33.00; good 550 lo 650 pounds 31.00 to 32.50; good 550 to 650 pounds replacements 37.00 to 40.50; good 450 to 550 pounds 36.00 to 38.00. Fat stock cows with calves at foot to 400; bred cows and heifers to MO. change today. Trading in rape- seed was mostly liquidation. Flax prices fluctuated frac- onally in fair volume and rye rices moved down on liquida- on and some exporter buying 11 a scate-down pattern. Other commodities were fea- ureless and quiet. Volume of trade Wednesday vas bushels of flax, of rpaeseed and 300 of rye. Mid-session prices; Flax; May 1 lower 2.30; July mchangcd 2.78A: Oct. high- Nov. lower Rapeseed Vancouver: June L's lower Sep. 2 lower 2.531413; Nov. lower Jan. lower 2.53VzA. Rapeseed Thunder Bay: May 2V'i lower July lower 2.C5B; Oct. H's lower 2.5HsA; Nov. 1 lower 2.52A. Oats: May unchanged 69A July ajid Oct. -not open. Barley: May unchangec July unchanged 1.09% A; Oct. not open. Rye; May 1's lower l.OSlsB; July unchanged 1.03B; Oct. Vs lower l.OHiB. Grain quotes Wednesday sis High Lol Close ..Klax May Jly 27B'5 Oct 277" OTTAWA (CP) Sales of machinery in the first two months of this year 17.7 per cent above the same months a year earlier, but the national increase included skyrocketing sales in the West and plummet- ing sales in the Atlantic Prov- inces. Statistics Canada reported Wednesday that sales increased by Stf.6 per cent in Alberto, 50.2 per cent in Saskatchewan, 26.2 per cent in Manitoba, per cent iu Ontario and 3.4 per cent in Quebec. In [he Atlantic Provinces, sales fell 41.5 per cent, while in British Columbia they dropped 10.7 per cent, Over-all million worth of farm equipment including re- pair parts was sold in January ind February, compared with 25.7 million last year. Ontario ari the largest sales, niil- ion. Sales of repair parts were in every province for a intional decrease of per cent. In the first two months of 1072 million in repair parts ivere sold. The most dramatic Jump In new equipment sales came in Prairie purchases of large farm tractors. There were 260 tractors over 80 horsepower sold in Saskat chewan, up from 32; 175 in Al berta, up from fil, and 58 i Manitoba, up from 23. EDMONTON' (CP) Hear- ings into Alberta's new oil rev- enue policy will begin Tuesday, May 23, and last for four days, the legislature, meeting ys a committee, decided today. The new policy, which will raise between E50 SSfl million if accepted, would tax crude oil reserves still in the ground The committee, meeting under the chairmanship of Don McCrimmcjn (PC'-Ponoka) also laid riown the rules of the hear- ings: Intent to submit written submissions must made no later than 5 p.m., 10; all submissions must be In by May 18. Submissions must be made in 100 copies; Nov 273 276'1 276! i 231 273 27G'.i 276 Rnprsecd Vancouver Jim 270'i 26Es Sep 26-1'i 261 N'ov 257 Jan Moiilaiia-Regina pipeline hacked KF.CINA (CP) The Sas- government s ll p- orfs an application for per- nission to construct a 12 3--inch ipeline from Regina to Poplar, lont., a national energy board Tearing was told here. The 117-rmle line has been iroposed by Wascana Pipe line Ltd. a new company ormed by two Calgary com- janies, Gibson Petroleum Corp. jtd, and Murphy Oil Co., and Western Cnrde Oil Inc. of Deu- Colo. Beef futures WINNIPEG (CP) Live heel1 futures close Wednesday. May 3G.OO; Jly 35.1013; Sep 33.20B. Tuesday's volume: Sis con- tracts. occssinci an 1003 4th Avenuo S., Lcthbridgo Telephone 328-4-126 vices Hapcsecd Thunder Bay 257 :i 254 U May Oct Nov Oats May ,Hy Oct Darley May K Jly Oct Ryt May Jly Oct 267 2591! 253 262 258 i'j lll'i lll'.i 104% 103 104 102 "a 101 262 257'i 253 63 C3'i 70 100'i 109% 104 103 101 FENCING LUMBER (FOR SALE AT BARGAIN PRICiS) x 8" x 14' 16' lengths Kiln Dried Spruce Sat., Aprii 29th 8.30 a.m. to 12 noon Hangar No. 2, Airport (No Delivery) The following item which ran on Page 5 of The Lethbridge Herald CHINOOK should have read as follows: CASE TRACTOR Power Priced 1175 F.O.B. CAPJ5STON PROCTOR GAMBLE CELLULOSE, LTD. Has immediate opentngi for the following positions at 111 bleached kraft pulp mill in Grnndo Prairie. ENVIRONMENT CONTROL ENGINES Responsibilities fo include: to provide effectfve technical support in wosts treatment, to develop end rnanogo training programs for successful operolion of waste treatment facililics, abiiily lo work effectively wilh governmental and con- sulting agencies. Qualifications; chemicaf, mechanic a I or chemically oriented sanifnry engfneer several years experience. Thorough knowledge of environmental control functions, oir and wafer pollution problems In the kroff pulp in- dusfry, -Some experience in work agencies o definite asset. ng and regulatory of process syilemi jnicale and work In a feom on-manageri in the operation of PRODUCTION ENGINEER Responsibilities !o include: __ability to demon si rale leadership opcration; obil ify and mil and solutions, nhilily lo comi atmosphere, lo JraTn equipment. Qualifications: Graduofe engineer with a basfc distiplfne of chemical, mechanical, civil or electrical engineering, 5 8 years experience in process industries including a portion al o supervisory levef, pulp mill experience desirable buf not essential. PRODUCT QUALITY MANAGER KesponsibJlilies to include: to coordinate overall quality control efforts of ihe manufacturing units 1o prevent end eliminate finished product quality problems, ability to manage a Central Control La bom lory, to communicate direcly Technical and Sales groups to facilitate of customer to viable product Quolifitatfoni: chemical engineer with rich history of pyfp mill experience, Experience in working and communicoiing, bolh orally and fn writing, with people on a team basis, Experience in statlslicol quality control systems and their appficolions, Capable of independent thinking and devefopmer.1. Anticipated doto of employment for any of the Ifsted would bo July 1, 1972. Applications should be iubmilted in Anting not loler than May TO, lo: Personnel Manager Proctor and Gamble Cellulose, Ltd. R. R, No. 2, GRANDE PRAIRIE, Afberta. ;