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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 4, 1972, Lethbridge, Alberta _____. Friduy, Au'juit 4. 1972 THE IETHBRIDGE HERAIO 21 TORONTO (CP) 7Viccs on the Toronto stock market con- tinued to move higher for the fifth consecutive session in ae- tivo mid-morning tradinK to- day. The Industrial index was up .70 to 2I0.2B, base metals .22 to 93.84 and western oils 1 to 244.01. Golds were, flown .00 to Volume liy 11 a.m. was 000 shares, up from at the same time Thursday. session Service lo and Walker- Coodcrliam Declines to included Falcon- Nickel down 1 to 'J'ranst'arinda I'ipcLinc Vt I Wi, llapid Data 'A to Mercantile Hank to and Lciidlav; Motorways 'A lo Ou the Canadian Slock KX- St. Lucie Kxploratior dipped 21 cents (o 75 cents on shares. MODHST GAINS NKW YORK (AP> .Stock Advances held a wide margin mal.kct pl.jccs maintained mod rer declines, 15li lo (17, with (.st in moderate over 1711 isucs Sectors of the market scoring strong gains included hanking, beverage, merchandising arid ci'.l refining issues wh'lc general manufacturing, real estate, trust and loan and food proc- ccssirg slocks drifted lower. Finning Tractor was up 1'A lo Muiritt I'hotulax 1 lo Trimr.e to te, Consumers Distributing 14 to SCO and Dcnison 'A (o 532. Numac rose Vz to Pan Canadian 1'cte lo Pa- tino to Aquitainc li to and Dome Pete to Canadian Corporate Manage- ment A fell ill to Rrighls to Commonwealth Holiday Inns lo 512 and Pan Ocean 'ft to I.KiliT TUADE MONTHEAL (CP) Prices were higher in all sectors in light trading on tho Montreal stock market today. On index, industrials rose 1.71! lo 225.111, utilities .47 lo 161.05, banks .65 to 277.23, Ihe com- posite 1.41 to 218.75 and papers .30 to 'J3.10. Combined volume on the Montreal and Canadian slock exchanges to 1! in. was JOO shares compared with 700 at the same time Thursday. Highlighting gains on the Montreal Stock Exchange, Ver- safood rose lo 512, Canadian Javelin 1 to Nowsco Well trading as discouraging mo nornic news cooled down tin rally of the previous three scs The noon Dow Jones avcrag, of 30 industrial slocks gaine OK SAM-} Outvie'.! WICC formula devised f am. WESTERN OILS t Alia Jiaif 7 Gns OdS Gil '5 Husky Oil HU'Vy Oil li llu-.Ky Oil W-i tq'jily Cit Or W.ul'JE 12-5? 5.8? 6'2 4.7? 515 juiirfj 'M 10.3S VANCOUVER MIMES Rai Q.I -u (frlti C'.r.t .M PIPE LINE STOCKS AIM A Alln 03i Prff AIM mt baui uofvs A.SO .60 or pricing a c? grains M ]i! rr .ir. Pacl C Ga-- i c n PIJ Tr.in-, 15.75 f.'tt 7D Ulslor Dcr-alla Pole MISCELLANEOUS INDUSTRIES Aquitalne Cdn (ire Cdn Drc Cdn Pa Crovjsne 1" hoi Hud Co Hud Hay Oil HuJ Day oil Pld Hugh Rusicll 35.37Vj G -rriins 9. JO Vallty fi FUNDS INDUSTRIALS All rdn C-rn t 56 Blc-.k Brti 3 40 All rdo Dlvi'J 9 a 10, 31 B.C. Sug All Vcn1 4.67 B.C Arrr Gr F- 170 7.3! Inter AGF Sneci'l 3.51 Col 3.n r.dn invcM F i.JI 5 71 CrwtbreoK C-J f.'.ulual 7. 73 Hyu Inter 14 14.33 Lev "3 43 Pacific Air 2325 rn-'nw Vcr.l 7 Stamr.lflE Inll Res .'-1 17 Inve-.l (18 675 OILS Corp In SI P 5 5.73 Albany Oil FJrcylus F U.G In Shares 30.00 35-75 25.50 15-25 2? !lS Pill Ind 3.25 13.17 14.43 Plains Pete Weil 25B 254 Ilnpeseod Thlinrinr Hay Toronto mines, industrials (Supplied By nichanlson Securities of Canada) LAST BID OR SALE a.m, OuoUi} Di a.m. O MINES Advoc.lfc Uorlhgnle DDI Ocl Nov Dec May Onls Oct May 77 Hurley Oct I'mi na May J2H1 241Vi 24 PA 244% 21-i CMARCtKS WASHINGTON (AP) Sena- tor WiDi.'jm Prnxmifc Tlmrsrtay thai -l-l Pentagon weapons systems have cx- ccctlwl original cost cslimste? Iiy hihion. Proxinirc sak: (lie figure wotilfl have tiiat ''seven ol the 4fi weapons programs fi'om llic system f inures for programs longer be updated." IN SOUTHERN ALBERTA ON NO. 3 HWY. fcfcFihono iysfcm, air condilionotl, TV, laundry, broad- loom ihrouyhouf, plus modern 7-room houic general offkn. Excellent fnmily businoi; booki open to honcf idii purcfinseri. Conlinuou5 85% occunancy. Ono of iKc Call FRED, 282-2274 (CvgO, 263-6770 (24 or DORIS, 288-8634 olficc, 286-1494, or to: WEBER BROS. REALTY LTD. 620 9Hi AVENUE S.W., CALGARY 105 303 Mines Dc-nison Mines Dtc-r Horn D'Eldcna 56 C; Kgg report EDMONTON (CP) Weekly egg ami poultry report issued by the federal agriculture de- partment: To producers: A Jarge -12; A medium 37; A small 22; B 1G; C G; cracks 8. To retailors: A larnc 53 lo M; A medium 47 to 49; A small 34 In U 2-1 to 37; C nil; cracks 22. (Two cents extra in To consumers (in A large 5D lo ftl; A medium 51 lo A small 37 (o 43. Poultry To prwhirors Live No. 1 chicken Broilers, 0 and over, 2fi; T) and under 6, 23; 4 ;md under 5, nil: fowl 5 and over, nil; 4 and under 5, under '1, 4 to G; turkey Un- der 12, 12 to IB, 2fJVi; over Itt, 27. Live No. 2 chicken Broil- ers, 10; (i and over, 23; r> and inxlcr fi, 20; 4 and mirier 5, nil; turkey Under 12, 2Hi 12 to B, W.i; over IB, 25. Ginnf Y.K, Granduc R.L. HutJi.cn Day Iff Hytlrn Iron liay Quebec Adcilson Kuy Anacon 1akc Shore Lanqls Silver R.t. rim No West Hoi New Athrxin R 10 3 "1 so n .31 Pino Placer Dev. P.C, Exp, OueV-cc Ray ret k, Ra'Jiore Rcmsn" Ccrp. Sncrrllf Gcrdcni Silver Steep Rock: Tc-k Ccrp. INDUSTRIALS llbi >1 an 30. sma Sloe! o Ind inlir Sugar Grt Cdn Oil Grf Lakts Pp Gulf Oil Cda U.51 25.37W 6.70 15 75 13.iO L 00 13 01 i Ccl Cill Canary i CWN Gas PM .1? Cdrv XftOT ChryMcr .ll'.'i C F'.R. M V.f.5 Tens Bam rr-s .17 Strttjram Imp Olf Int Nkket Int Pipo Inv Grp A In1 Dill Ind Acetpi Kelly Doug A LoSlaw A Slcfcs McMillan P.Ice fAscro Corp M-.hnns A fc Cenl Pov.-cr Corp Prifc Co St. Lav; Shell CDA Simpson's 'j biinp Scars Sleol of Cda Sflklrlc A Tex a co Pp Trndprs Gr A Trar.s Cda Pp Union Gas Union Ol! 'j Versafiie f.'.fg Wc-'Jell Unlcn G.f. 15.75 V.'csl Cdn Sr-cd 2) Zonith Elcc 13 F7' BAHKS 17.37V: Cdn Irr.n 21. M 51.00 77. M 40.12W WJNNJPKG (CP) A form- ula lor pricing domestic fctd gralas lo all livestock producers in Canada to com- pete equally and effectively un Iho export market been de- vised by the Canada Grains Council. The formula is one of several features of a 100-page report "an evaluation of I lie domestic feed grain published Thursday by the council. The new pricing formulu has been named the fair formula, to indicate that it is concerned with feed, and that it is adjust- able, impartial and responsive to the; marketplace. The FAIR formula, ss rec- ommended by Ihe committee provides domestic buyers with access to prairie grains at the bsscr of prevailing local prices on the prairies, or the relative prices in comparison to corn at on the basis ot nutre-' int. content. Returns to prairie grain pro- ducers arc based on the rela- tive prices at Montreal with separate pools being maintain- ed on domestic and export sales. ABLE TO COMPETE Trice differentials between regions in Canada reflect only net movements costs. Under Ihe formula, livestock pro- ducers in all regions of Canada should be able to compete ef- fectively en the export market. In addition, the report makes several other recommenda- tions: The limitation upon Ihe cash advance allowance to any one producer should be remov- ed. The report stales that the removal of the present limita- tion should reduce pressure up- on many producers to dispose of feed grains at low prices a major factor in the distress selling problem on the prairies. No controls should he intro- duced for non-board feed grains at this time. The aggressive feed grain sales program of Ihe Canadian Wheat Board, the im- proved quota and block ship- ping systems, as well as recent- !y instituted guarantees to pro-j ducers, all to be having a .stabilizing effect on the non- board feed-grain market, Because an adequate level producer income is essential to Ihe stability of the domestic feed grain market, the initial prices established for wheat, barley and oats should reflect the cost of production. In order to be wiOi foreign (radr; regulations. Ihn report also supports the idea of placing the authority to grant import permits for feed grains under the minister of trade and stock Board should continue to :rcase efforts to acquaint both prairie producers and feed users in all parts of Canada with the price structure for feed grains, and the sources of the cosls which arise in hand- ling and movement. The report contains In addf- tion to the above sections deal- ing with alternative pricing sys- tems, operational procedures, submitted in briefs from interested groups across the country, plus the findings of sub-committees on formula pricing and distress selling. It was prepared and endorsed by a special council committee represented by producers and organizations, within the Can- commerce, rather than have this the responsibility of the Can- adian Wheat Hoard. Ml CHANOi; No change in (he present irn- adian grains industry. Joint port restrictions designed to chairmen of the committee arc- prevent dumping of foreign j Saskatchewan Wheat Pool feet! grains in Canada has been j President K. Turner and recommended Maurice Lavalee, manager of The report suggests the Can- 1 the feed and fertilizer division adian Wheat Hoard in coopera- of the Cooperative Federoe de lion with the Canadian Live- i Quebec. son won't buy Albertan tS The Albertan, Calgary's I cummon shares arc owned by W. Horse Copper 7.M Dcrnla, M.37Vi Texlile 3.11) 2R.75 3S.EO 34.1J1.: 35.00 York stocks morning daily newspaper not be purchased by Thomson Newspapers Inc., a top Thom- son official says in an interview in The Financial Post. Rumors that The Albertan might be for sale followed the death July 16 of Albertan pub- lisher Max Bell, The death of Mr. Bell, con- trolling shareholder and chair- man of FP Publications will probably have no immedi- ate effect on Thomson's expan- sion plans in Canada, said St. Clair McCabo, managing direc- tor of the Thomson organiza- tion. Mr. McCabe scoffed at spec- ulation that FP Publications would be selling some of its newspaper holdings in Ontario, Alberta and British Columbia. Thomson Newspapers Inc. (72 per cent of the 15.7 million he family of Lord Thomson) jublishes 31 daily and IB week- y newspapers in Canada and 44 daily and six weefcly news- papers" in the United States. "I think we've reached the saturation point as far as ac- quiring new dailies in Canada said Mr, McCabe. Amr T find T Comsat Con Me Girlf Int Han Kcnn Co Monfqorr (Supplied By Ricliarrtsnn Sccnrillcs of Canada) Z3 00 ecars. 11-1 E7V: 53 Gelds 55? E8 off 1.05 17'lJfii Sid OJI of N.J. 76.E7VJ 10 BilEe AAc-t 93.67 Up .75 77 f.T'-i Elec -lS-12'3 30 Induct up -22 m'li1 j U S f.lecl ?J! W SO Rails 731.63 C-if .85 lor ai'ni'a fieri Irl" Elcc ?7.7S IS Utilities IM.79 df -W er 50 TORONTO AVERAGES y Ward 35.CO 20 Indus! 310.35. ur> -5 Stocks 3I1.9I Off .3! olume Bed' futures Calgary livestock 750 pounds ?3.50 lo 37, less thai: CAT.GARY (CP) Bcccipts on Ihe Calgary livestock mar- ket lo J! n.m. Ictilled 230 mostly r o placcmonis. Trade active en rc-'slaco- niont.s r-nd moderate on slnngti- Icr cnlllc. A lew slr.uplilcr cattle solil in lire willi Tar.rrday'.s pi'iccs, winch arc quoted. Choice slauslitci' stcer.s 33 tr> Ijccf'34, (joncl "2 to 33, mcdiuin SO.so fuluix.s clo.se Tlmfsday. to Ill.r.O. Ciioiro to Sept. ai.inli; Nov. 31.30' stt 23.SO 30.23, medium N; .Irm. 31.75N; March volume: 12 con- 2fi to (Jocxl CGW.i 25 to 20, medium 23 to 21.50, canncrs mid ciillcTS lit lo 22.50. Cloud bulls 28 to AUTOMOTIVE Tape Deck with Twin Spealters and One Tape of your choice. Installed While Stocks Last! COLLOGO 1718 3 Avc, S. Ph. 327-5763 mostly calllc 1 c r 0 TOSl (o Or.fl ai'd ycru1- lo 750 iranyis yearling licifcrs COQ to va J'rices generally slcr.dy. Stock cnh'es were pcaicn most of I'.iosc slcrrs. ferder steers more than 7SO pounds 37.50 to 39.50. Good feeder licifcrs 30.50 to 32.25. Good stock steer calves 43. No ottered. The Calvary market mil lie closed Monday, Aug. 7, the civic holiday. Chiclwster lias tumor LONDON (Kciilcr) Sir Fii'.ricrs t'hk-lvstcr, Brilnin's yaclits- uhn inillcil out of tlic Kin- transatlantic race f mcnlli and rescued t; L' 1 disclosed llia( lie is suffering from a .spini' bone tumor. Sir Francis, in a IcUer to Tlic Times defending! his docisioiv to Busy week for liail storm, stuc EDMONTON (CP) Hail- stones as large as golfballs normally reported about six limes a year in Alberta fell four times in the week of July 22 23 between Calgary and Edmonton, it was reported Thursday. In their busiest week this year, tho Alberta hail studies project recorded hail every day between the two cities. About 20 hailstorms were seeded with silver iodide. flares by the project's two planes during the week. Whether tho seeding had any effect will not be known until all the data collecled on the storms is processed this fall, says Jim Kcnick, field man- ager for the project. The flares were dropped Into storms developing along the Foothills between Red Deer and Calgary, the project's main stndy area. All but one of tho storms died in the Foothills or shortly after moving out over farm- land but this might have hap- pened without the seeding, says Mr. Kenick. Cousli'uclion up EDMONTON (CP) Build- ing permits issued in Edmon- ton for the first seven months of 1972 totalled million an increase of more than million over the corresponding period year, city officials reported today. A record million in per- mits were issued in (lie city last year. Fined S150 ault on ass charges Brj-scn Brown, 24, of 1109 13th Avc. was fined a total of when ho pleaded guilty in Lcthbridge Provincial Judge's Court to two charges of assault causing hodily harm. Court was told the charges followed an incident at the El Raneho Motor Hotel Cabaret which resulted in injuries to Paul Erik Mogenson and Steen Sorenson, recent arrivals to Canada from Denmark, who currently live in Iron Springs. Mr. Mogenson and Mr. Soren- scn were both taken to St. Mi- chael's General Hospital emer- gency room, treated for mul- tiple bruises and released. DOLLAR VALUES MONTREAL (CP) United States dollar in terms of Car.a- dir.n ;U 3-16. Pound slcrlinp up MG at NEW YORK The Cn- ALBERTA MOTOR ASSOCIATION requires an AREA REPRESENTATIVE to service a territory in Southern Alberta The applicant should be over 21, and have his own automobile. Previous sales experience a nee experience an asset. ALBERTA MOTOR ASSOCIATION 903 3rd Ave. S., lethbridge Phone 328-1771 r.-.cc against a doctor's advice, nrdian unchanged at snid tliat lie could liavc made it hack (o 1'lymouln without tlic Navy's help. 27-32 in terms of U.S. funds. Pound .sterling up ,1-32 nt I .-15 5-61. Hog prices EDMONTON (CP) Aver- age to 11 a.m. provided by the AlhcrlA hog producers j tnarketinn board: Edmonton: Average Thursday, lied Dcor: 35.05, Average Thursday 31.17. Calvary: 35.05, Average Thursday 3-1.09. lethbridge: Nil, Average Thursday 3-1.2fl. Uoydniinistcr: Nil, Average Thursday 33.55. Fort Macleod: Nil, average Thursday 3.1.05. vSr.inde Prairie: 3-L'JO, average Thursday Kairvk'w: Nil, average Thurs- day nil. Total hogs sold Total hogs sold Thursday Av- erago 3-1.35. Sows 24. 05. Ncsmed Salesman of the RAonth MURRAY BUUOCK Tieny Clicvrolct Oldsmoinle is ploascd io annoiuice that Murray Bullock has arhicverl the lionor of "SALESMAN OP THE MONTH" for July, ]072. Murray has had a wealth of experience in tho sales field in the automobile industry. He welcomes his many friends and customers to sco him for their every motoring need. He will be pleased to assist Ihcm in any way. BENY CHEVROLET OIDSMOBIIE OX SUPERMARKET CAR tOT PHONE 327-3M8 UNRESERVED EQUIPMENT AND TRUCK AUCTION SALE AUG. 14lh, Sharp (DST) LOCA- TION; 9U Miles Wos! of Edmonlon on High- .iy Nro. 16 and !i Mile South on Pioneer Road. sale is a complete dispersal for R. W. Brailh- woitc Conlraclors Lid., Ecrget and Hooy Umber lid Eslale c[ G. Anderson, olso selling equipment For w'a'nco OM ltd., Alherla Govcrnmenl Tcfephonei, on-Luni-jk Sar.d and Gravel Ltd., plus other contractor! end coruponiGs. SLVAKAHV: O CRAWIERS _ D8.H-46A.9912 _ D7E- 17A 17A 1971 D7f-Scr Equip _ 1971 O7F-Ser 94t-Equip 1971 D5 Side Boom and Dolors, and others t, scr.JiPESS No. GO, IP, 108, LF end No. 9-tVU, 25, CCU, TRUCKS From tandem dicscts and 4x4 V ''3 tons 1972 _ and down, 2 1969 _ CT800 Dodge, Tnntlerus _ Sixplcx _ Korr pumps tanks, etc. As new O 6 SErYll-TPAHERS 2 Kcri-Kool 316 Slainlell _ 4 ccmp-insulaled elc. 1 1966 Wcsleei Liquid bulk Model PDMOD gnl. 6 Comp. _ 2 1966 Westeel _ Dry Pneumatic and Liquid Com- bination bulkers 900 Cu. FI. cop. ond 38' Fruetiauf Ver- sitol hopper bollom trailer and mora. All in very good con- dition Complete Dispersal O Giavtl Crushing Plont. O CAMP UNIT _ 3 complete camps. Approx. IS unili llcrpers kilcVen dfner and Holiday Trailer and Job Shacks O LOADERS. BACKHOES P and H 1204 Quickway, Ford Model 4500 _ 933 _ hon on Trutk _ Yale Model _ Y18 clc. O ESTATE 1969 F.800 Tandem Truck end Cox as new. O COUTTS _ K Duty Sow Mill and D-326 Power Unil SHOP TOOLS AND MILl EQUIP. 6 14 I'nht Planls, Grrr-nlori and Pumps O 11 WELDERS AND COMRESSORS ACETYIENE FARM EQUIP., Traelon, loaders. Breakintl Equio., Combines, etc. AoDrox.. 35- Pieces O 3 _ AIRCRAFT _I966 SVyhnwk, 172-G, 1966 150F, I960 172 4 Place, etc. O GRADERS Adami 1962 562 _ Cliamoion. 550 Adams, etc. P PACKERS, spreader. O OFFICE EQUIP. O GRAVEL EQUIP. 8 CARS, H1SOYS, BOAT, SKIDOOS AND MORE, large Farm machines, Equipmenl, Listings cominq in every day. For In- formation or brochures, conlrtct our office. Nole: Shop Equip- ment sold at 9 A.M. Come early, office open at 7 A.M. In- spection 2 prior lo sale. Sale arranged and conducted by NASBY'S AUCTIONEERING Bondecf Industrial Auctioneers Box 690 Spruce Grove, Alberta Ph. 899-3676 tIC. 010-436 LIC. 010-176 Car YJ 32925 ;