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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 8, 1973, Lethbridge, Alberta Pipeline stocks dip in Toronto TORONTO All sec- tors of the Toronto stock mar- ket declined in light mid-morn- ing trading today. The industrial consid- ered the major indicator ol market fell .10 to golds 1.20 to base metals .22 to 107.60 and western oils .79 to 250.26. Volume by 11 a.m. was 000 shares compared with 000 at the same time Tuesday. Declines led advances 113 to 67 with 189 issues unchanged. real oil refin- Horsemeat purchases doubling VANCOUVER The owner of British Columbia's only horsemeat outlet says his regular customers are doub- ling their orders but that the current meat shortage has not brought new customers in. Willy owner of t h e Best Bi Food sells about pounds of horsemeat a He said business has been little during the past few days. regular freezer order here used to be to but now I'm filling orders of at a he Mr. Kraan said he expects horsemeat prices will remain unchanged until the end of Au- gust. Sirloin horse steaks sell at Best Bi for S1.39 a stew- ing meat for 95 cents a pound and hamburger for 65 cents a pound. to cents to cents to cents to Copper Sulph uric acid plant to be built FORT SASKATC H E W A N Sherritt Gordon Mines Ltd. has announced a miUion sulphuric acid plant to be built at its metal refinery in this community about 15 miles northwest of Edmonton. Construction of the which could produce 600 tons is to begin in a few weeks and should be producing by next August. Mel general manager of the company's Alberta oper- said strict federal gov- ernment pollution regulations will be followed. Sherritt Gordon's sulphuric acid requirement is primarily for making although it is also used in nickel and copper-ore refining. ing and industrial mining stocks were among declining sectors of the market while mer- chemical and com- munication issues were higher. TransCanada PipeLines fell to Dytex A 98 to Bow Valley to Noranda A to and Microsystems to Canadian Imperial Bank rose to MacMillan Bloedel to BP Canada to Royal Bank to and Massey-Ferguson Pamour slipped 20 Mindamar 10 and Camflo 10 Falconbridge gained Va to and Hudson Bay Mining to United Canso lost to and Pan Ocean V4 to Al- minex was up 10 cents to MONTREAL Prfces were mixed in light trading on the Montreal stock market to- day. Combined volume on the Mon- treal and Canadian stock ex- changes at 11 a.m. was compared with shares at the same time Tues- day. Utilities declined .58 to industrials .11 to 248.03 and the composite .11 to 230.32 while banks climbed .95 to 270.79 and papers .04 to 129.79. On the Montreal Stock Ex- Falconbridge Nickel gained to Canton 3A to and Bank of Commerce to while Eraser dropped to and Can- ada Cement Lafarge TO On the Canadian Stock Ex- Cabot Explorations fell one cent to on a volume of shares traded. NEW YORK The stock market was slow today as investors remained inactive be- cause of inflation and pressure on the dollar abroad. The Dow Jones average of 30 industrials was off 7.15 to 904.80 at noon. Declines held a two-to-one lead over advances in light trading on the New York Stock and the broad-based NYSE index of common stocks was off 0.33 to 56.50. Brokers called the decline a result of normal summer dol- drums and said investors were awaiting some positive eco- nomic news. CNA up to was active on the as were Alcan Aluminum up to up to Eastern Air down Vt to and Teleprompter off one to Among Canadian issues on the New York McMyre was up one point to and Massey Ferguson to Dome Mines was un- changed at Canadian Pa- cific dropped Vi to and Inco V4 to Dollar Value' MONTREAL U.S. dollar in terms of Canadian funds at noon Wednesday was up 3-50 at 7-25. Pound ster- ling up 7-20 at In New the Canadian dollar was down 3-50 at 39- 50. Pound sterling up 1-5 at 1-20. Metals LONDON Closing metals bid-ask in pounnds ster- ling a metric silver in pence a troy futures 819-820. futures futures 183.5-183.75. futures 363-363.5. months 112.4-112.5. AUfim THE itinwiDOf HHALD 21 American dailies move toward 15 cent paper WASHINGTON The I up 5.3 per cent in North Amer- supply of newsprint for news- j ica this largely because of papers in the U.S. is tight and I increased advertising in news- may get industry' spokesmen and this prob- ably will result in more newpapers and higher advertis- ing rates. The daily newspapers in the U.S. have been under warn- ing for some time from the American Newspaper Pub- lisher's Association that demand for newsprint is catching up with supply. present situation is not yet said Stanford president of the ANPA. situation is that newspapers cannot get large shipments as fast as they might like to have them with the exact specifica- tions they would like to Smith said he has not heard of any cases where newspapers have missed editions because of a lack of newsprint. Newsprint mills are already producing ait capacity or near capacity in both the United States and Canada while de- mand from the newspaper in- dustry continues to surge. SHORTAGE POSSIBLE the economy moves up in 1974 and there could be a very tight supply said Howard a commerce department specialist for forest products. Consumption of newsprint is Gold futures WINNIPEG Gold fu- U.S. Winnipeg Commodity Oct 73 Jan 74 Apr 74 Jly 74 Friday's 20 con- tracts. Home accidents worry new insurance chief MONTREAL Ian new chairman of the In- surance Bureau of Canada says the insurance in- dustry is appalled the kill- ing and injury that take place on the roads and in the Mr. Mair said in an interview the which represents 90 per cent of Canada's insurance does its best to edu- cate the public and government on how to improve things but there is a limit to what can be done by legislation. Beyond the only hope is keeping people be said. it is not gener- ally realized that there are four times as many accidents in the home the although there are fewer fatal The IBC has noticed a dis- turbing tendency in the last couple of years towards fires traceable to the cult. cost of hiring a plumber or an eledtrician has risen and people who have not been edu- cated in these trades have taken to using blow torches to dear blocked pipes or to over- loading circuits and things like that. had cases of people wanting to clean a snowmobile and taking it into their base- ments and cleaning it with gasoline right next to the fur- Mr. vice-president of fire and casualty at the Pruden- tial Assurance Co. in says the same tendency has been noticed in industry. has been a lot of in- dustrial expansion and there is a heavy stress on productivity. the same time there hasn't been enough attention paid to safety training and time and time again we've noticed that big losses can traced back to untrained SEEK AUTO IMPROVEMENTS The currently running a campaign to inform the public about the kinds of insurance available to them and what they can do to prevent would like to see the govern- ment move to improve the standards of the auto manufac- turers. amazes me that a jumbo jet can laud at 180 miles an hour without anyone getting hurt while if a car is in a colli- sion at 15 miles an some- one can be seriously Mr. Mair said. The IBC also feels there is z need to improve road construc- tion and would like to see stricter laws on drunken drivers- and the use of seat belts. out of three auto fatal- ities do not involve collision with another car but with a a signpost. In these cases the car has either been mishandled or there is hazard on the Simple measures such as laws requiring seat belts can help a great deal said Mr. Mair. The state of Victoria in Aus- tralia found fatalities dropped 17 per cent after bringing in such a he said. papers reulting from the cur- rent U.S. business boom. newsprint produc- tion capacity has been increas- ing only about 3.5 per cent a year in recent years and will in- crease only about 1.5 per cent between now and Post said. He said paper producers in the U.S. and Canada have not been expanding capacity be- cause profits have been so low on newprint that new in- vestment has not been justified. Newsprint is currently selling for a ton. Post estimates the price would have to in- crease to between to a ton to provide adequate in- centive for new investment. About one out every five U.S. newspapers has increased its daily price to 15 cents a copy as of Jan. and the trend is to- ward a 15-cent price throughout the Smith Japan contributes to inflation OTTAWA Finance Mnister John Turner's com- ment blaming Canadian in- flation on rising world market particularly from Ja- followed a government re- port that exports to Japan are soaring this year. The report last week said Ca- nadian exports of metal lumber and other goods to Japan climbed 76 per cent the first half of 1973 and Japan leaped over several other areas of the world into second place behind the United States as Canada's largest customer. supply demands were largely Turner said Thursday of Can- ada's 8.1 per-cent inflation rate over the last year. He an- nounced more stringent govern- ment spending policies to slow what he called an unsuppor- table 12 per-cent growth rate in this nation's economy. A slower growth rate would also be aimed at reducing inflationary pressures. in a news confe- singled out Japan as an example of countries that are spending more of their money in world markets and contrib- uting to inflationary pressures. is buying French wines and other things it never bought as its population demands more con- sumer an aide to Turner said. is a rich country with tremendous buying he added. The Statistics Canada report said Canada exports to Japan rose million in the last six months compared with the first half of 1972. The increase pushed Japan ahead of the United Kingdom and the European Economic Community into second place behind the United States' total of billion in Canadian im- ports so far this year. Hog prices EDMONTON Aver- age prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board. average Tuesday 65.74. Red average Tuesday 65.64. 65.20 average Tuesday 65.26. average Tuesday 65.70. average Tuesday 65.E8. Fort average Tuesday 65.85. Grande Nil average Tuesday 64.69. average Tues- day 64.80. Total hogs sold to 11 a.m. 440. Total hogs sold Tuesday average 65.59. Sows av- erage 45.60. CP AIR TO ISSUE FLIGHT REMINDER VANCOUVER CP Air will begin running newspaper advertisements in Toronto and Montreal this week in an effort to fill the seats on the flights still operating des- pite a machinists' a spokesman announced at weekend. The Jim Mc- said he didn't think the seats were unsold because of picket lines but because people are not aware that 50 per cent of the airline's flights ora still oneratinfi normally. He said there are quite a number of at flight times because travellers are double-booking and neglecting to cancel their extra bookings. are hesitating to book because they don't think we'll be flying but we're confident we can continue operating at the present he said. CP Air is in the second week of a strike by members of the International Association of Machinists and Aerospace workers. No talks are schedul- ed. Rain shelter Worker Ken Foyer Is dwarfed by one of the giant storm and drain pipes being installed as part of the Algoma Cen- tral Railway's mall con- struction at Sault Ste. Marie waterfront while he seeks refuge from a sum- mer min. The nine feet high and 13 feet are designed to eliminate flooding problems which may originate from higher areas north of the project. Livestock Calgary livestock CALGARY Receipts to 11 a.m. from the Calgary Public Stockyards showed sales of mostly slaughter steers and heifers. Trade was strong and active. Slaughter steers sold strong and steady. Two loads of cross- bred steers averaging pounds sold from to Heifers were 25 cents cows higher. Bulls were steady. 52 to 54.40. 50.50 to 52.20. 41 to 43. 39 to 40.50. 33 to 38. 44 to 47. Replacement cattle were mostly shortkeep steers 850 to selling at strong prices. A few replacement heif- ers sold steady. There were in- sufficient calves on offer to es- tablish quotations. Good feeder steers more than- 850 50 to 55. Good feeder heifers more than 650 45 to 50. Hogs fob to 11 65.20. Macleod Livestock FORT MACLEOD On offer last week by Fort Macleod Auc- tion Market were head. The trade boomed with all classes of cattle selling to even higher than last week. All fat steers and heifers ent back to feeder orders. Stackers and Feeders were very' active. Good cows 37 to over- fat cows 34.50 to canners and cutters 30 to vod bo- logna bulls 38.25 to 41.bO. Good quality short keep feed- er steers o SO.lOt o medium 49 to good heavy feeder heif- ers to 900 45 to medium 43.50 to 44.75. Good green steers o 800 55 to lighter steers to 600 60. Good green heifers to 650 48 to plainer kinds of cow-calf pairs to Choice steers and bulls 49.40 to Holstein steers choice heifers 47.60. u i s Miscellaneous quotations Montreal fcy MeCailf a.m. LAST BID OR SALE a.m. a.m. WESTERN OILS AND MINES Beef Futures WINNIPEG Live beef futures close Friday. Sep Nov Jan Mar 54.60B. Friday's 12 con- tracts. INFORMATION SERVICE N.S. A newly established information service here has been officially in- augurated by Digby Mayor Glen W. Smith. The new service will provide information to vis- itors and area residents con- cerning local scenic accommodations and a report Albany Oils Alta East Gn AlmJnex Asamera Ashland BP Canada Brenda Minn can South Cdn Ex Gas Cdn Homestd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Oils Chleftan Dome Dynasty Fort Giant Mascot Granisle Gt Plains Gt Cdn OH S J Lochiel Lytton Noble Mines North Cdn1 Oils Numac Pancdn Pete Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Selbens Spooner Total Pete Ulster West Pete W. Decalta 1.10 8.10 7.10 13.75 16.67V2 7.85 4JO 3.40 7.30 57.25 4.00 12.25 35.75 .27 3.30 10.75 32.00 8.10 2.55 2.16 1.25 7.45 15.25 15.50 1.28 .18 .66 .42 31.25 18.75 14.00 .46 755 .99 6.25 5.55 MISCELLANEOUS INDUSTRIES 13.12'A 22.75 15.75 2.90 24.50 29.00 30.50 Acres Ltd Aquitaine BC Sugar PW Block Bros Cdn Brew A Cdn Brew B Cdn Pacific Inv crestbrook Crowsnest Ind 9.50 29.50 Cygnus A 7.75 AGF Special Cygnus B 7.75 Cdn In F 5.16 3.64 Falcon Copper Col Mutual 4.00 4.59 F and M Trust 5.50 comn Inter 16.43 Genet W 16.25 Comnw Ley 3.93 4.37 Global Comm 4400 cmnw Vent 8.22 Home A 47.00 Corp Invest 4.30 6.92 Home B 44.00 Corp In St F 5.17 5.6S Hud Bay Co Dreyfus F U.S. 11.14 Hud Bay Oil 4e.62V2 Great Pacific 4.74 5.18 Hud Bay A Pfd Gr In Shares 3.48 3.83 Hugh Russell 46.00 Gr Equity 7.79 8.56 Husky Oil 24.75 Invest Gr F 12.59 13.76 Husky B Pfd 41.00 Invest Mutual 5.90 6.45 Husky D War 9.00 Mutual Ac 6.11 6.72 Husky E War 11.00 Mutual Gr F 3.66 4.05 Hys- ot Canada 4.05 Nat Res 8.36 9.19 Inter Prov Pipe 9.05 N W Cdn 5.74 6.31 Inter Prov Steel 13.75 N W Gr 5.02 5.52 Kaiser Res 3.45 principal Gr 4.50 4.94 Loblaw C Pfd Royfund 6.M 7.12 Magnasonics 9.00 Temp Gr 8 57 9.37 Pacific Pete 31.50 United Ac 5.23 5.75 P West Air 9.75 Universal Sav 7.94 S.73 Oilfield Univest 6.07 6.67 Rainier Inc 5.12Vi Vanguard 6.49 7.11 Royal Trust 2400 CALOARY Comm Corp 3.50 Acroll .63 Sandwell 4.25 Barons Oils .03 Teledyne 4.60 North Continental .02 West Cdn Seed West Warner .15 Westfield Mjn 1.36 VANCOUVER Weston A Pfd 61.00 MINES White Yukon 11.75 Afton PIPE LINE STOCKS Atlas .45 Alta Gas A 12.50 Bath Norse 1.60 Alta Gas Pfd 71.87V4 DankOe 1.90 Alta Nat Gas 19.75 Davenport .43 Inland Nat Gas Dolly Varden .27V N and C Gas 10.00 Equitorial Res .21 N and C B Pfd 22.00 Gibraltar 14.75 Pacific Trans 11.75 Lornex 14.00 Gaz Metro 4.25 Primer .13 Gaz Metro A 65.00 Pyramid .17 Tr can Pipe 30.75 Silver sfrndard 1.39 Tr Can A Pfd Valley Copper 9.50 Tr can B Pfd 40.00 INDUSTRIALS Tr Can War 6.00 Columbia Brew 2.M WC Trans Key .28 WC Trans War Wardair 1.85 'MUTUAL FUNDS OILS All Cdn Com 7.14 7.76 Prp Explor 125 All Cdn Divid 7.64 8.30 Plains Pete .23 All Cdn Vent 3.74 4.09 Ponderay Explor .86 Amr Gr F 5.48 6.02 Stampede Intl Res 1.12 Toronto industrials By Rlcfiarflson Securities of LAST BID OR SALE a.m. a.m. Land MINES Acme Advocate Asb Akaitcho Bralorne Broulan Bethlehem Bovis Brunswick Can N W Cdn Tung Cassiar Central Pat Chimo Conwest Cons Rambler Coin Lake Cochenour Craigmont Dickenson M .5 Denison Mines D'Eldona Dome Mines Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Marltlmes Giant Y K Granduc Hollinger Hud Bay M and S Hydra Ex Iron Bay ISO Joliet Quebec Kerr Addlson Key Anacon Labrador Lake Shore Langls Sliver Madsen R L M-alartic G F Martin McNeely Maclntyre Met a Mldrlm Intern Mogul Nu West Homes New Atfiona New Calumet Noranda Northgate Norlex Pine Point Placer Dev 2.60 .13 1.40 .28 30.50 9.30 16.50 4.00 .26 2.90 330 White Horse C M J.75 l.OB Wright Hargreaves 1.00 Willroy 1.11 Windfall .17 Yellowknife Bear 3.90 Zenmac .11V5 INDUSTRIALS .13 1.22 1.13 2.25 .42 1725 2.30 5.25 7.75 2.25 Pax Exp Quebec Man Rayrock Rsdiore Rio Algom Roman Corp Sherritt Gordon Tek Corp Texmont Upper Cdn West Mines 1.14 5.35 3.85 .16 1.00 7.40 3.S5 38.75 .48 1.25 4.20 2.81 80.7S Abitibi 12 25 Alcan 33.75 Algoma Steel Atco Ind 11.87V2 Jannock Corp 7.25 Agra Ind 9.75 Bell Tel 40.87'A Brazil Trac 17.75 B.C. Tel S2.00 .31Vi Burns 16.00 .73 B.C. Forest 19.50 9.00 B.C. Sugar 3.80 Bow Val Ind 34.75 44.00 Cable 16.00 28.62V2 CAE Ind 10.25 .28 Cdn Brew 4.05 3.70 Chemcell 4 55 2.26 col Cell 5.00 J3 Calgary Power 23.50 13.00 coron Credit 1.90 -36 c.W.N. Gas Pfd 10B7V2 43.00 Cdn Ind 2-95 cdn Marconi 3.75 .05 cdn Vickers 15.50 V2B Chrysler 25.50 C.P.R. Cominco Cons Bath 23-50 Cons Gas Dist Seagrams 41.50 14-25 Dom Bridge 37.25 Domitar 22.50 Dom Textile 8.75 Dom Stores 14.50 Dome Pete 35 87Vi II Dofasco 27.87VS 36'25 Glendale 8.75 30.50 Grt Cdn Oil 8.10 Gen Motors Grt Lakes Pp Gulf Oil Cda Greyhound Hawker Sid Hiram Walker Hur Erie Imp Oil Irnasca Int Nickel Int Pipe Inv Group A Int UMI Ind Accept Kaps Kelly Doug A Laurenlide Loeb Loblaw A Met Stores Massey Ferg McMillan Bloe Moore Corp Mclsons A Molsons B Nachurs North Cent Power Corp Price Co Rothmans Shell CDA Simpson's Simp Sears Steel of Cda Selkirk A Texaco Traders Grp A Trans Mtn Pp Trans Cda Pp Union Carb Gas Union Oil United Siscoe Versatile Mfg West eel Weston's B Woodward's A West Cdn Seed Zenith Elec BANKS Cdn Imp Montreal Nova Scotia Royal Tor-Dom 65.2J 23.25 36.00 18.75 4.50 56.25 27.75 41.25 30.75 23.62VJ 9.50 25.00 17.50 6.50 5.50 4.70 6.12V4 18.25 21.87'A 32.25 24.75 24.00 8.50 9.871A 12.25 15.50 12.25 9.00 11.00 15.25 66.50 17.25 S0.25 30.00 17.15 9.75 17.25 4.85 1600 21.00 23JS SiZ'A 2.45 18.96 34.00 36.50 34.50 New York stocks By Richardson Securities Amr T and T Anaconda Beth Steel Chrysler Comsat Dupont GM Gulf int Harvester Kenn Copper 20 Golds ofT .72 94 00 10 Base Met 107.05 off .77 IS W Oils 249.35 Off 1.70 32.00 Volume 48 25 Sears 22.75 X-Ron 26.62V2 Texas Gulf 25.62'A Texas Co Wickes Corp 16525 Woolworm 6537'A Westinghouse Elec J4.87'A 30 Indust 904.80 off 7.15 2487'AUS 'Steel 17.50 20 Rails 160.36 Off 1.28 3050 Gen Tel Elec 29.87'A 15 Utilities 94.71 off .24 TORONTO AVERAGES 65 Stocks 27275 off 1.93 YORK AVERAGES Ward ttWVb JO OJM off -U Volume CAREERS MECHANIC WANTED Top salary and commission with five-figure bracket possible per month. Work in wheel alignment and tune-up. Apply in Writing tot BOX HERALD MAJOR OIL COMPANY HAS SERVICE STATION for LEASE For Furthtr Pcirrlculan Call J. MACHALEK 328-0823 LETHBRIDGE ;