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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 8, 1972, Lethbridge, Alberta Jig _ THE IETH5RIDGE HHMD Tu.irfoy, Market prices continue gains TORONTO (CIO on the Toronto market con- tinued to register strong Rains In active mid-morning trading today. The Industrial index was ahead .72 to 211.41, base metals 23 to W.15 and western oils 301 io 249.70. Golls were down 1.46 to Z20.40. Volume by 11 a.m. 813.- 000 sh.ircs, down Irotn at Ihe same lime Friday. The Toronto market was closed Monday, a civic holidny in Or.- lario. Sectors of the market wind moved moderately liighcr in eluded banking, general manu faeluring. trust and loan, rca estate and oil refining issue while beverage, and foi est and industrial rninin slocks drifted fractional! lower. Advances held a modcrat margin over declines. to 10? with 172 issues unctiangee Home Oil A was up to S35, Pacific Pole "t. to S-l'2'.i, Dominion Textile to SWi, Denison 'i to Pan- Canadian Tele 'i I" Ca" Dadian Merrill 35 cents to TransCanada PipeLines rose V, to WSVi, Consumers' Gas Vi Mon- lorning trailinj! on the real "slock market today. On index, industvii.L; dipped 28 to 227.83 while utilities rase 37 to 161.60, banks 1.41 to fil.07, the conipcxsite .02 to and papers .33 to 38.77. Combined volume on Iho Montreal and Canadian stock: exchanges to U a.m. was M4, 000 shares, compared wilh 200, 600 at Ihc same time Monday. to Shell Canada ?i Masscy-Ferguson Bank of Nova Scotia to ajid Inco Pacific Petroleum rose Mercantile Hank li S23V4, Hollinger Mines to SH Rapid Data lo am Shell Canada to Declines included Iraporia 011 down 34 lo S-10, Falcon bridge Nickel to 535, Com inco ?s to Canada Malt lo SSl'i and Border Cliemical 12 to Wall SI. Noon NEW YORK (AP) Th stock market's rally was napped, short today after five consecutive days of advances. Most analysts said investors vcre cashing in on gains posted luring Ihe last week. Tile noon Jones average of 30 industrial stocks was lown 3.02 to 949.20. Ors the NYSE, declines outnumbered Vi advances 653 lo 524 among to issues exchanged in fairly slow to trading. "The market is giving a little Grain prices Winnipeg Grain WINNIPEG (CP) Afler gains early in tliu .session Ilax and Vancouver rapesecd laper- ed off at mid-session on the Winnipeg Grain Exchange to- day. Flax prices were down us much as two cents in some futures while Vancouver rnpo- seed prices fluctuated in n nar- row range. However, other comnioditic: retained price gains wilh limn- er Hay nearly i i cents In some good exporter mying. Barley and outs prices re mained strong in a brisk do- mestic shipper trade while rye ollowing llio trral of whca prices in Chicago, advanced iiuch as two cents. Volume of trade Friday cor sisted of bushels of fla> bushels of Vancouvc rapcrseed, of Thumle Day ropeseed and Vancouver, Calgary, Montreal (SiiMiilicil by Dolierty. Limited) LAST Bill OH SALE OUDUil Ill-.OO l.m. Uuorm Quolrll WESTERN OILS .ihlarvj IP Oil SDUlh i '5 3JO I Itomejld I nil 01! Suntr 30.00 IMncdn Pe Piin Otean Petrol S.ifD 16 75 15.00 13 75 Cyynui A Cyunui LI rdktin Gemldr Homfi A Manic u Hurt nay Co MuJ Hoy Oil Hutl any Oil Pld Hugh Itusscll r-t'il. Muiky oil Musky Oil n v.'.ir Inlcr Prov F'ipe t Inler Sled Koistr KOI f.lGr- r.Vinir.e IMCiiic F'tlt; lialnlir SFindwell 'fl( Trftni Olfl A Trans Ola Wer I3.32V1 WC Iram WC 1rniii WIs 9-35 VANCOUVER MINES Rxplcr Ullisl Worsen 11.W Modernization is name of. new; political party Falconbridge. was down to {54 Vi, M1CC Investments lo Simpsons Vz to Stierrilt V, lo and grams Vi lo stocks noon MONTREAL (CP) Prices were generally higher In light Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta hog producers marketing board: Edmonton: 34.75. Average Friday, 35.05. Red Deer: 34.70. Average Friday, 35.01. Calgary: 34.80. Average Friday, Lethbridge: Nil. Average Friday, 35.20. Uoydminster: Nil. Average Friday, nil. Grande Prairie: 34.05. Aver- age Friday, 34.30. Fort Macleod: Nil. Average Friday, nil. Fair-view: Nil. Average Fri- day, nil. Total hogs sold Tota hogs sold Friday Average 35.04. Price of sows 24.65. ground in what lias lo be re- garded as a consolidating pat- said Monte Gordon Sartorlus and Co. "It cannot bo regarded as having any greater meaning than a technical reac- tion." But some analysis said the market's downturn was pushw by reports of a new North Viet namesc offensive in Camlxxlia. Prices included Woolworth down Vi lo Holiday Inns down Vi lo Winncbago up to Ashland Oil, u a to and American Air lines, down 114 to Amerada Hess was up 1'A t 45. It has been aclive sine t was announced that Leon less was re-assuming Ihe posi- ion of chairman and chief ex- ecutive officer, from which he stepped down in 1970. Among Canadians, Dome Mines was down Yi to Granby Mining to and Mid-session prices: Das: Oct. uncharged 3.03. Nov. 2 !1L, 2.03 Dec. higher 2.92 May low 2.99 ViR. Rapesecd Vancouver: Sep 'i higher 2.57 ttB, Nov. li lo er 2.58 'i, Jan higher 2 i, March lower 2.50 Rapeseeri Thunder Bay: Or. Ik higher 2.46 Nov. 1 higher 2.48 'in, Dec. 1 'i hif, er 2.44A, May 1 li higher 2.52 ViB. i Oals: Oet. li .74 ViA, I Dec. higher .75A, May Vi .77 1-zA. Barley: Oct. 1 higher 1.19 v4A, Dec. 1 Vi higher 1.19 VIA, lay Vs higher 1.22 ViA. Rye: Oct. 1 V4 higher 1.09 Dec. 2 higlier 1.08 %B, day 1 ?i higher 1.12A. Islcr 1.51 Dcc.1113 A.'O pdc 10.00 MISCELLANEOUS INDUSTRIES ,tiuilalne irinrr, 30. W 36.00 U 50 27.CO ____ Cdn Wrcw A CJn Crcv; O Cdn Pacific I Ind Daron-, Oil Mntli-.crt Norlh Conr Wr-if VVnrner PIPE LINE 5TO All.i A Alia Gas Pref AHa Naf Gas N and C Gas U and C tl Pld Paclllc Tram Gai Mclro Gal Metro A Trans Cda Plpw Tr.ini Cda n Valley copr INDUSTRIALS Block Bros B.C. Suflsr 2 1S.M 13.13! 25.87' A 30 70.00 4S.1? 1 Crcifbrook For hys Key Indusl i Pac Air InH I OILS Albany Oil Plains Pete EKplar 3.39 ,n ?3 75 Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST niD OR SALE Quotes) Canadian Pacific Mean advanced Massey-Ferguson. to '.'a ?201i, to and Walker-Gooderham to On the American Stock Ex- change, Nconcx was down 13 cents to Scurry Rainbow rose Vi to Livestock Calgary livestock CALGARY (CP) Receipts lo 11 a.m. today on the Calgary Livestock Market were 800 head, mostly slaughter steers and heifers lacking condition Trade was fairly active. Slaughter steers sold steady, sales to 33.90. Heifers were steady. Cows sold 50 cents higher with sales to 27.50. Bulls were higher, sales U 31.25. Choice sleers 33 lo 33.60, goot 32 to 33, medium 30.50 to 31.50 Choice heifers 30.25 to 31, gocx 29.25 to 30.25, medium 28 t 29.25. Good COWS 25.50 to 26.60 medium 23.50 to 25.25, canner and cutters 19 lo 23. Good bull 29 to 31. ReplacemerX cattle were latively scarce and main] steers in the heavier weigl range, selling steady. No sloe calves were offered. Good feeder steers 750 poun up 33.50 to 36, good feeder heif ers 30.50 to 35.30. 18-UN1T FULLY MODERN MOTEL IN SOUTHERN ALBERTA ON NO. 3 HWY. New tele-phono system, air conditioned, TV, laundry, broad- loom throughout, plus modern 7-room houjo general office. Excellent family busmes; books open to bonafide purchasers Continuous 85% occupancy. One of trie belli Call FRED, 263-6770 (2t or DORIS, 288-8634 284-149X, or writo to: WEBER BROS. REALTY LTD. 620 9th AVENUE S.W., CAIGARY Hogs 34.BO. average base pri :ale Asb. ralarra roulan fthlchem runsv.ick rla Tur.g asstJr enlral Pat. laf( JI 1.07 .11 G 7.6S 14.00 .Q-l 7.01 De olf 1 08 10 Base met 104-73 Of1 .01 11 OUs 31243 of( 1.15 YORK AVERAGES 73 Rails S33.W Gir l.Oa 15 Utll CM 03 i Stocks 313.48 off 1.13 That must have been some ache VAN NUYS, Calif. IA1') Tommy Walts, convictal of attempting to stiool his after -a shot of novo- cair.c failed to relieve nn nehing tooth, received a one-year suspended jail sentence, officials say. WatLs, 28, was sentenced Friday and Judge Harry Pectris ordered him to un- dergo psychiatric treat- ment. Pectris also placed Watts on five years' proba- tion. A jury convicted him on a charge of assault uiih a deadly weapon July 13 oiler testimony lie fired four shots at Dr. Rci> Scott last December. LONDON (API Shell and Esso, two major companies prospecting in partnership, an- nounced lodiiy the discovery of "a major oilfield" In (lie North Sea. They said Ihc field was like- ly to yield up lo one billion bar- rels of oil. Tho sLrke, to be known as Brent oilfield, was made 100 miles norlheast of the Shetland slands which lie off Ihe norlh- asl lip of Scotland. Shell and Esso Standard Oil of New Jersey said firm predictions must await several weeks of detailed testing. But they added: "If prescW hopes are borne out the iiclc could achieve production rates of up to barrels of oi daily when in peak poductlon "Every efforl has been made lo get the oil flowing ns sooi as possible." PRODUCTION TO HKG1N The companies' slatcmen expressed Ixjpc that prodiiclio would start by (he end of 197 or early 1D76. The iirerrt oilfield Is Ihe mof northerly lo be discovered the North Sea. Drilling, Shell said, presenl 'formidable engineering cha enges" in an area where 11 vater deplh is 475 feet, wlie '.iml gusts can reach moi han 100 miles an hour where waves can tower to feet. "Both conventional and to- tally new approaclics arc Ix-ing considered to achieve optimum solutions to Ihe many engineer- problems thai will LI srml. The company added Ihat a elivery pipeline probably will e laid to the Industry sources in London aid the discovery was "most for Di (Iain's opes of producing about half oil needs by Find body TABIOK (Special) The Ixxty of Edxvard Peters, 21, of Tahcr, missing in Chin Lake since Wednesday evening was recovered shortly after 0 a.m. Sunday by the pilot of a private aircraft flying over the lake. A member of the Tabcr dc- lachmcnl of the ROMP said the body was found only a few hundred feet from where Mr. Peters was last seen swim- ming by his wife. An air anil scuba diver search for the body was can- celled Thursday. Periodic air and shore checks were made until the body was discovered. Homer welcomes change EDMONTON (CP) Aerl- cirllurc Minister Hugh llorner oday welcomed the Canadian Wheat Board's new pricing melhod lor Altwrta oals and larlcy. The Wheat Board has an- nounccd lhat It will base the street price for Alberta onts and barley on Ihe lower ol Vancouver or Thunder Bay freight rales. Dr. Ilorner said in n pre- pared statement that the ac- lion will increase Ihe prica paid to Alberta producers by an average of four cents a bushel, ranging from no change at a lew poidLs to seven cents in the Peace Illvcr area. He Enid Ihe new pricing method will correct dls- crimlnalion that Alberta feed grain producers havo suffered over the years. "Together with the Increase In the initial payment level, Al- terta barley producers will re- ceive about 10 cents a hushel more than in tho last crop year." Dr. Horncr said the Inereaso will make it easier for Ihe Al- berta Grain Ojrnmission lo carry out its rcpsonsJWUty lor stabilizing barley prices In (ha Alberta non-quota market. Bomb blast victim gets married KILLYBECS, Ireland (AP) Kosalcen McNera, a young secretary who lost both legs and an arm when a bomb cx- in a Jlclfast restaurant March, was married here ast week in a wheelchair. Miss McNern, 21, the wwldmu usincsses that are plagued liy shipping companies, plants, freight yards and docks. The bearded student is testing commercial whistle n the United States that would a sound barrier against Ihat only they could near. But there is one basic stum- bling block. Mr. Maclean said. liats am among Ihc most adapt- able creatures on earth onrj iocu.stomcd to the whistle. can adapt lo anything we put in their he said. F.xperience with Ihe anil-co- agulant poison Warfarin bears this out. Air. Maclean said. Ir. IM7, when it was first Warfarin seenirri 1he ulti- mate answer to pest control, hut now rals in Knglnnrl, Ger- many and Denmark eat it with no apparent ill effects. "In a few JT-; rs. North Arnerl- ut'.s will com- immune to it Mr. sni'l fnclii'led in fiis rxjHTirnr'iit.s in r u d e n I s Ihroligh arr- of the distress signals young rwlcnis rend to their rnulhers when in danger. Hy playing Iheso sig- nals, Mr. Maclean Is able to at- the signal, the others ignore it. He said he has found greatest success in using random inter- vals of mixed sound, which ap- pears to counteract the rat's im- munity lo any continuous tone. "This mellxxl affects their whole psychological Piokersgil! receives appointment OTTAWA (Cl'l J. W. Tick srstjill, 67, retiring president the Crmadinn transport com minion, h.'is been appoi visiting research fcliow ;it Car lelon University's inslitutc Canadbn similes, it was nnunceil Friday. The university said Mr. Pic] ersgill, (i lone-lime Liberal cat incl niinisler, will work at M: iiisIJtulf; on a part-time ba.si He will participate in seminar meet students and conduct search for n hook on the onimcnl of former prime mi istcr St. Laurent. Mr. Pickersfiill is rctirin Aug. 31 Irorn Ihe tran.spo commission afler X> years as public servant or federal go cmment minister. r. Maclean snid. "II puts cm under extreme stress ami nimals under stress have uch smaller breeding suc- ss." But he lines not foresee thc- nic experiments leading to iglc method C'onslruclion of buildings witi rovi.sion for nit control, slrin- :nt enforcement cif sanitation nl rat inspection laws arxi cll-planncd extermination can inlrol Iho pesls, Mr. Maclean lid, although rals will always >c a part or civiliv.rdion "We'll never rid of ral.s oinnletoly, bul wilh proper con- rol we cmilrl reduce them to n he s.'iid. Wholesale prices show sharp rise WASHINGTON (AP) Wholesale prices In the United States posted Iho sharpest riso n July In five months to con- :inue increasing at a faster pace- than before President Nixon's Phase Two wage-price, controls were imposed in Au- gust, 1971, the government said today. month's increase In prices of food and a broad range of Industrial raw mate- rials mid manufactured goods was eight-tenths of one per cent, the bureau of labor statis- tic? said. ht- report wholesale piicc.s in the eight months of Nixon's Ph.-i.se Two controls rose nt an annual rnlR of 5.7 per rent compared wilh 5.2 cent in (hr fight months bcforn Ihe I'hast! One w.ige-pricn imposed n year ago. The bureau also reported that Ihe unemployment rate re- mained unchanged In .Inly at [icr cent of the work force. University of Lethbridge Requires OFF-CAMPUS HOUSIKG FOR THE 1972 FALL SEMESTER September 6lh ro Dec. 21st AND THE 1973 SPRING SEMESTER January 9th lo April 22nd If you hnve any lype of nccommoclalion available for iludonli allendlng Iho D of I rfurlrg thoie ptriodt Ploaso coll Iho houiing officn at 319-3584 or 379- 7585 hclwoon 9 o.m. and p.m. Monday Ihrourjh Friday. ;