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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 3, 1972, Lethbridge, Alberta 20 THE IFIHBRIDGt HERALD Iliunrfuy, Aucjusl 3, 1971 Government us changes in wising r CALGARY Alln'rUl's oil and gas leasms ;irc likely to cet further modi- fications, possibly as soon as I this fall, says Bill Dickie, min-1 ister of mines ami ininc-rals. The concept of "split lenses" which allow operators to pvo- i ducc from only certain depths has drawn considerable sup- poi Changes in leasing regula- tions Hindu this spring have al- ready led lo more drilling ac- The i-liange allowed the gov- ernment to increase the rental of SI an acre a year to ?2 final five years ,-m acre in of a lease if the oixn-ator not commenced drilling has ulso had n bonoticla! effect. The tax credit is sniiplomentcd by n five year royally holiday on successful wells. ''The major factor is that- for Ilio fellow who wants to drill in Alberta, the tax lie would pay will be offset. "The fellow who wants to I stwnd tiis money outside the plan winch gives drillers n A plan which gives drillers n jrt. he said. 0( [c M cent province mil have to pay his The idea was mentioned tiy of o( n [nil share of the tax." Grain, price review several coinuamtrs when 'he government held public hear- ings on its resource revenue1 policy this spring. Companies now can produce all zones beneath an area they lease but the split lease ap- proach was offered as nil in- centive lo drill. Tlie minister .said in an hrter- vicw the split leasing ami oilier Winnipeg Grain WINNIPEG (CT) Oilseed prices w e r e extremely at mid-session on tlie Winnipeg Grain Exchange today in an ac- changes were still in the tenla- live exporter, and commision live stage but -reaction was house trade. generally positive from the in- Flax was up more than five dustry. cents in the nearby months Any reforms that are made while rupesced in the Vancou- wonlil likely spread over j vcr and Thunder Day positions several years. "On these kind of things, be- fore we make changes we not oaly want to make sure they advanced as much as three ami four cents respectively. Oats and barley prices were unchanged to fractionally high- arc beneficial hut to make sure j er in a moderate domestic ship- the industry feels they arc per trade while rye. advanced beneficial." 1 inore than two cents following the firm pattern of wheat prices set on the Chicago exchange. Volume of trado Wednesday consisted of bushels ol flax, of Vancouver rape-seed, of T h n n d e r Hay rape.secd and of rye. Mid-session prices: Flax: Oct. S'.'i higher SOS'.iH, Nov. 51s higher Dec. higher May -I1', higher S.OlVill. Kapesccd Vancouver: Sept. 31j higher 2.55H, Nov. :i higher 2.55B, Jan. 3 higher 2. MB, Mar. 1: higher 2.49B. Thunder Hay: Oct. higher Nov. 2' higher dirocloi' nppouilcd hy wheat WINNU'EC! (CP) C a m Brown of Winnipeg, formerly manager of research and devel- opment for the Hapeseed Asso- ciation of Canada, hns been an pointed grain market de- velopment director by the Can- adian Wheat Board. Mr. Brown, livestock nu- tritionist for the Manitoba de- partment of agriculture from lo 1071. will for development, and implemen- tation of market development programs for western Canadian feed grains. He will also he rc- for regular assess- ments of the Canadian and world feed grain situation. ct tat yon roccssinci ant 1003 4th Avenue S., Lelhbridge Tolephono 32B-4426 roccsstncr 2.'I3B, Dec. higher May 1 higiicr 2.47B. Oats: Oct. unchanged Dee. unchanged May nn- changetl Barley: Oct. higher Dec. unchanged 1.I8A, May higher I.21UA. Rye: Oct. higher Dec. 2 higher l.OK, May 2 liigher 1.07A. IIog prices EDMONTON (CP) Aver age prices to tl a.m. provided hy the Alberta Hog Producers Marketing hoard: Edmonton: 33.95. Average Wed nesday lied Deer: 3-1.00. Average Wed nesday, W.M. Calgary: 3H.90. Average Wed nesday. I.etbhridge: Nil. Average Wed nesday. .14.30. I.loydminstcr: Nil. Averagi Wednesday, 3.1.59. Fort Maclcod: Nil. Average Wednesday, nil. Grande Prairie: Nil. Averag Wednesday, 33.18. SMALL FIBHKS Spruce fibres average aboiil three millimetres in length. West oils in active tr Miscellaneous (jaotalions Vancouver, Calgary, Montreal hy Uulu-rly. I.iimliNl) n.rn, tJuotci) WESTERN OILS Beef futures WINNIPEG (CP) Live beef fuliires close Wcdncsday. Sept. 34 .MB; Nov. 34.3QA; Jan. 34.75N; March 33.00N. Tuesday's volume: No con- tracts. TORONTO (CP) Western olln kid ttir lUEviincti on the To- ronto stuck market Iti active ki-morniMK trading The int.Lislriiil index was up .B2 to 207.HH awl western oils lo 2-10.lift, Golds were clown 3.54 to and base metals .24 (o Vo 1 in o hy 1! a.m. was shares, up from at the same timu Wccliiesdny. Atlvnncc'.s mitnmnberal de- cliiiL'S hy 2-lo-l, HO to 79, I [II issues unc-tianj.jciE, HANKS GAIN1 J) a n k i u communication, mcrcbanriisiiifr, oil r f i n i n .steel nut] trust Itiiin issues posted strong gains while clicm- ical, and paper and forest dropped Imver. IntcrimUoiiiL] Utilities was tip to S-IHH, Chrysler to Slieli Canada lo SW.'i, Donlee Manufacturing !IIU] Coniflo 15 cents to Amoritf oil isnes. Pacific Pete rose Vj to Imperial Oil Mi to liny Oil and Gas Vz to iinc] Alberta Eastern Ga.s 3T> cents to Texaco Canada dropped lei Unio.i Carbide 3A to Noranda to Voyalgcr 35 cents to and Sichcus to nrGumi MONTHEAL (CP) Prices were higher in light morning trading on the Montreal stock market today. On index, industrials rose J.12 lo 22U.5, utilities .27 to 150.60, hanks ,91 lo 275.47, the compos- LAST Oil SALIC p.m. Uuuloil Oil IS Ti I Hir.Xy Oil H I Huiky Oil InUr f'rov IrihT Steel 1-1 M 310 A T, I'd'? Receipts lo 11 a.m. on Uio Calgary live- stock market, Uxhiy hc.'iti, mostly slaijfililer entile. on an active basis. SlauHlilt-r slccrs .sold .steady with .salt's to :vi.20. H.-ifcr.i were ste.iciy anrl cows .sold fully steady two loads of young- er kincis seMirvt; at to 27.40. liuli.s sold fiO ccnls nr. There was ttio nsu.jl sliarp discount for over finished slecrs arid lieifcr.s C i fc s tetfrs M t o J, noo rl 32 lo medium :i0.rV> to 'Jl.SO. Clioice Iieifcirs to to mc-dium If) 29.25. Clorxl cnv..s 25 lo me- urn 23 to 24.W, canncrs and utters ia to 22.50. fiocxl hulls I to 30.50. Replacement cattle were i short supply, selling at .steady prices. No slock lives were offered. Good feed- r steers 750 pounds up 33 SO to under 750 pounds 37.50 to 0.75. (JooU feeder heifers 30.50 33.70. Hoys average base price VJO. The market lw closed lo Monday because of the ivic day holiday. Pi) [Jov. PC. H.Klicrc Rio Atrjom RfJrr.fin C'.rp. Slicrrill Silver T..X Corp. Upper W.inrs Wrlfjhr flor Cast Sullivnn rnltontiridue Firsl r.Unl Y.K. Gran-Juc R.I., itclliniier Htjriicn floy .'.1 VVin-lf.Tll .47 Vcllovjkniri; V5 1 fj'. i I 5 7 VI "5-year compressor ancj sealed system warranty includes all parts and labour. 1-year warranty on all olher parts including labour. 5-year food loss war- ranty. Ensures your food investment against food loss, (5.00-200.00 max.) Plus Simpsons-Sears satisfaction guaranteed, or money refunded. Charge It on your all-purpose account. service sell, Quality Costs No More At Simpsons-Sears STORE HOURS: Open Daily 9 am. lo p.m. Thursday eind Friday 9 a.m. to 9 p.m. Cenlre Villogo Telcphono 328-9231 By Gone NOW THERE'S A PRACTICAL UNDERWATER METAL DE- TKTOR FOR RNDINGOBJECJS LOST IN DEEP WATER. IT'S LIGHT, COMPACT, OPERATES WITH INTERCHANGEABLE HEADS AND HAS A BUILT- I N SPEAKER SOHEADPHONES AREN'T COWMCtP orirsMtue, COS'S JRe l.Oi 1 .UVi C.W.fL 1 C'' >1 71 11 Norlh t Cerl Corp f in 'jhcll CDA 7'e VI 71.7rj 3'. 7.W: .1.1 Simp Skr.l Cd9 St'lklrk: A Trailoci Grp A Tram Mln Pp Pp p Cdn 7cr-ilh tlec DANXI CcJn Imp J7.J5 21 W r.os 7X CO 15.35 Jl.i'J 30 45 3S 37 50 2MO 9.W Al 17.75 14.00 2-1.00 J4.J4 3.10 ?9.Cfl New York slocks (Supplied Hy UicTianlson Securities of Canada) Amcr 7 nod T A3 iO Oil tf N.J. JO Gohti off 3.J1 I? M Gull 114.00 It) tl flit; 7J.SJ oU 71 Co 11.00 IS OiK 7.11.41 up 203 33 2S Corp 33 iQ Vchnn'j 00 3S Wl YORK AVTRAOES 35 75 10 FMII-, 231 71 up Ji TORONTO AVERAGES itncki 317.37 up 1-70 Il47i' JO Ir.fl 70B 74 up 110 Velurr.c 18-UN1T FULLY MODERN MOTEL IN SOUTHERN ALBERTA ON NO. 3 HWY. New Iclophono syslcm, air conditiorvcd, TV, launtJry, brood- loom Ihroughout, modern house general off icfi- Excellent family buiinci; haoki open lo b on of id o Conlinuoui B5% occunoncy. of flin hnMl Call ffiED, 782-7774 fcvgi.J, (7-1 or DORIS, 28B-8634 office, or wrile 1o: WEBER BROS. REALTY LTD. 620 9lh AVENUE S.W., CAIGARY ALBERTA MOTOR ASSOCIATION requires