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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 14, 1972, Lethbridge, Alberta 22 THE IETHDRIDGE HERALD Mcmrfoy, August 14, 1972 Industrials up in active trade TORONTO Industrial Issues upwards in moder- ately active mid-morning trad- ing on tho Toronto stock mar- ket today. Ttie industrial index was up .21 to and oils gained .CO to Golds slumped 1.115 to S13.G2 and the bnse nii'tals index uff .0; ty SH.OU. V'oUune by 11 a.m. was 000 shares, compared with 000 at the same lime Friday. Communications and paper and forest products led advanc- ing sectors of the market while real estate and construction is- sues were among those moving lower. Advances led declines 13ft to 101 with 170 issues unchanged. CHUM li rose to Aljl- tihi Is to Texaco to 555, Alcan -1i to S2211 and Imiwrial Oil 'i to Canada Permanent Mortgage dropped :ls to Readers Digest to S27, Occidental Pete to Banque Cana- Transit strm averted TORONTO (CP) Tho To- ronto Transil Commission and its union employees readied a tentative contract agreement Saturday, side- stepping i strike scheduled to begin Sunday morning, but a new threat arose Sunday v.'hen operators voiced objection to a TTC proposal to hire 25 tem- porary workers. Leonard Moynehan, president of Local IK! of the Amalga- mated Transit Union, said in an interview thai, if members re- ject the proposed contract in voting today and Tuesday, a strike would go into effect Wednesday. Following 25 hours of negotia- tion, the two parties reached an agreement calling for wage in- creases of 19.25 per cent in three stages over a two-year pact, subject to union member- ship vote. Coupled with increased fringe benefits, the over-all gain for workers would he 21 per cent. An operator's wage for a 40- hour week would increase to by June, 1974 from the present S1C8. making Toronto drivers the highest paid transit operators in Canada. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta hog producers marketing board: Edmonton: average Friday S4.80. Ked Deer: 34.40, average Fri- day 34.88. Calgary: 34.45, average Fri- day 31.86. Ixjlhhridge: 34.30, average Friday 34.55. Lloydminster: Nil, average Friday nil. Grande Prairie: Nil, average Friday 33.95. Fairview: Nit, average Fri- day, nil. Fort Maclc-rxl: Nil, average Friday, nil. Total hogs sold Total hogs sold Friday Average 34.83. Sows average 24.70. dienne 5S to and Shell '.4 lo International Mogul Mines gained to Sit mill i'alino Vi lu Camflo Mines fell 15 cents lo and Jlankeno IS cents to Numac Oi! and Clas was up ri lo anil Decca 15 cents to Siebens slid la to I'HK'KS STEADY MONTREAL (CP) Trices were .steady in light moriiins; trading on the Montreal stock market today. On index, industrials rose .B4 to I30.G4. utilities .K to 161.75, Iranks dipped .33 lo 280.53, the composite rose .CO to 222.60 and papers .2-1 to 98.05. Combined volume on the Montreal and Canadian stock exchanges to 11 a.m. was 300 shares compared with IJOO at the same time Friday. Highlighting gains on the Montreal Stock Exchange, Hud- ion's Bay Company rose to British Columbia Tele- phone to Alcan :z to Imperial Oil li to and Dofasco -li lo Among declines, Crush Inter- national dropped 1U to Maritime Electric 1 to iiapid Data 'a to li, As- bestos Corp. Ti to and La Verendrye to RALLY "CONTINUES NEW YORK (AP) Prices climbed steadily on the stock market today, continuing a rally that Ixjgan Friday. Trad- ing was active. The noon Jones average of 30 industrial stocks was ahead to 974.34 and gains led declines by about five lo two on the New York Stock Ex- change. Among Canadians, Canadian Pacific rose !'i to S1617. Dome Mines slipped ?k to and Mclntyre lz to On the American, Rrascan advanced Is to and Cana- dian Javelin 14 to 8 Czcclis jailed for subversion PRAGUE (Router) Eight more Czechoslovaks, including the daughter of a former Brno Communist party chief, have bsen given sentences ranging up to four years in prison on subversion charges, it was learned Friday. The highest sentence in the ninth in a series which began against liberals July 17......went to a woman, Vlastimila Tesarova, who was the chief defendant. Anna Sahatova, the teen-age daughter of Prof. Jaroslav Sa- batova, former party secretary for Brno, was sent to jail for years. Her father and two brothers, Jar., 18, and Vaclav, 2.5, have already teen jailed on similar subversion charges, and a total of '1f> people now are known to have been sentenced. News of the latest trial in Brno reached Prague as the su- preme court rejected the ap- peals of two men convicted ear- lier. They are Jaromir Liters, for- mer secretary of the Commu- nist party's Prague City Com- i rnitU'C, and Josef Stehlik, once employed in the party's Central Committee apparatus. Litera was sentenced to years and Slehlik to two years in their trial July were accu.sed of helping produce a clandestine journal. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Uolierly. McCuaig Limited) LAST HID OK SALE a.m. Quofei) (Juoles) a.m. QuoFei) WESTERN OILS Altn East Gai din South CcJn Ex Gas Cdn Homaslrf Cdn Ind Gai Oil Cdn Supor Cdn Long Cfinrlor Chleftan 8 00 16.25 I? 25 5 75 6.70 B.S5 Rainier S Ituqh Russell Musky Oil Oil 0 Musky Oil War Irvfcr Prov Inlcr Prov Steel Kabor Res AlGI: Mannga Pacllfc Pclo Mut j.15 cdn Seed While Yukon Wcsttleld Muniac Pancdn Pete Pan Ocean Pclrol Plnnncte Place Ranger 32.75 7.00 6.10 17 00 15.00 15.12 Vi 1.21 .92 4i. 25 5.75 3.BS IS. 75 1.70 nth S.99 6.55 i 17 i 67 7.J] 871 J 50 A.OJ 5B7 6J7 i 61 CALOARY AcroJI .y, Baront Oil .0: Madison .11 Ncrlh Con! .03 West Vi'drner 1C PIPE UNE STOCKS Alfa Gai Wut Grtf, Nat Resr N.W. Fin N.W. Gr Toronto industrials (Supplied By Richardson SccnriUns of Canada) LAST BID OH SALE a.m. Quotes) a.m. vjuofesi ttliGO Ji.rn. MINES Norlngale .575 Dome Pete 38.37V Bethlehem Brunswick Canada Tung. Cassia r Cenlrol Pat. Mines 1.J1 .6S 3-12 Nai .26 7.EO 37-CO Dome Mines Donalds Discovery fAfr.es MalarNc EaU Sullivan Fakonbridge. Frobex Pine Poinf 3B.75 Grf Cdn Oil Pfacer Gen iViotors P-C. Exp. 3.30 Lake'. Pp Quebec Man ,10 Gulf Oil Cda Ray reek l.OS Greyhound Ratttore .2? Hawker Sid Rio Alsom 19 55 H-jr Frie Ro.nan Ccrp. Hifam Wfllkpr Slicrritt Gordon 1-1 75 Imp Oil Sleep Rock 1.93 Imascrt Tcfc Corp. 57S IrT tlicket Toxmonf ,'fl Inf Pipe Upper Canada J.9.5 Inv Grp A Wesfcrn Mines 3.35 Inf Util Hargreavei 1.17 Accr-pt WJnrifail .lIVj Doug A Bear 3 75 Lofce Zenmnc .10 A 1 INDUSTRIALS wpt i'orci AMibl m-n 76.SO 37.00 33.1 31. ;s 39J'fi 9.25 Grarirfuc Headway R.L. Hotlirger Hudson Bay M Hydra I run Day fso Jolic! Quebec Kerr Key Anaccn Labrador Lake Srigro Lantjii Silver Wa risen R.L. G.r. 7.70 2.30 3.50 9 65 ,32 43.CO J.65 Dell Tel Brazil Trac U.C. Tel 43 25 STOO II ,1 J.3JV, A.JO 175 I -SO n.3i 'IS 1075 1300 13 25 11.00 71.75 57.75 00 igures may replace personalities when election campaigning starts OTTAWA Canadian voters may bo flooded wilJi iig- inxvs. instead of in ;lic fotteral cloclion cainpnifjn expected IKis fall. Unlike 196U, M'tieii Ihe person- alities of parly loaders tended to overshadow most issues, the various political parties are ye- ilK in on ocoiiomics lliis time, offcrinj; voters ;i Ijcsvil- array or figures. Conservative Ixiiiilcr Holiert Stanfield already lias used more economic and taxation figures (Iran he did in the 1068 campaign, .supporting his argu- ments for a new taxa'inn sys- tem, and IxjrnUiif! the govern- ment for economic perform- ance. New Democratic leader Da- Lots of money in circulation I vid Ixiwis, with a tireless re- search operation behind him, lius hcctb analyzing unemploy- ment with a detailed depth Ihal must stagger even Statistics Canada. And the parly is not standing by idly. Under the heading, Now That's Performance, partv headquarters has just furnished osits up if. OTTAWA The Bank of Canada has put a damper on the. rapid increase in the money supply, but so far it docs not appear to have put any squeeze on the easy availability of money for the average person. Personal bank deposits have risen another million in the last two months lo reach more than billion. There is more money in circulation, and interest rales for Ijank loans and mortgages arc lower now Mian they were a year ago. Central bank statistics re- leased this week show that as of Aug. 2, total currency in cir- air irter policy expected west Hom Alhona W. Horse Copper 2.35 Dorn Textile Dom Stores IVfiio York slocks (SupplieJ By Richardson SccnriMcs ol Canarfa) Beth Stee Chrysler Contut D-jPor.t Generar A Gulf Int Harvf Sears >g.oo std oil M.GO Texas 33. Texas J6.75 VJi up 30 Rails 33B.43 up 15 Utililies 103.10. i5 Sfocki u 23.00 AGES 10.li lnds 213.35, up .74 Streamlining of land approval systems urged OTTAWA (CP) An inter- national air charier conference ended here with op'inii.sm that a new transatlantic ;ur t-liarter policy will .soon he worked out. Government oh'ic-ials repre- senting the United Slates, Can- ada and member nations of Ihe European Civil Aviation Confer- ence issued a statement I'nat there will he further diseti.ssion on ;i replacement ff.r (lie con- troversial affinity charter rule. Tfie next roimd of discussions will be in Paris in Scptemher. Tho working fjroup of govern- ment officials are then ex- pected to present a final posa! lo senior civil aviation authorities for approval in Oc- If it is accepted, the new pol- icy should into effect Jan. The affinity cliarlcr rule, which requires membership in a club to obtain low charier rates, has troubled civil avia- tion authorities on both sides of tho Atlantic. Government regu- latory officials in Hritain. Can- ada ami Ih- U.S. have .said it is almost impos.sihln lo enforce. AOHKKMftNT LIKKLY Observers here say lhat an international agreement. is likely on a new charter nlan, Should discussions break down, it is expected that the Britain and Canada will agree on a replacement for the affin- ity rule. The U.S., Canada and Britain have all proposed variations on a scheme which would allow scats on a charter flight to be sold individually about three months before (be flight leaves. Travel agents could submit a list of passengers which could be checked by glancing at pass- ports before flight departure CAIXJARY (CP) Govern- ments must streamline land de- velopment approval systems if Canadians are to enjoy lower- cost homes, a spokesman for the private housing industry said here. Don Wilson, president of the Housing and Urban Develop- ment Association Canada, said governments cannot con- tinue to encourage low-cost housing while holding up devel- opment applications. "We have witnessed in Ihe i larger cities in Canada the big- increase in costs for hous- ing in the category of Northwest Nitro-Chemicols Ltd. MEDICINE HAT, AlBERTA Requires A STEAM, ENGINEER Must have a Second Cfass Alberta ticket. This i; a staff jab all jho accompanying benefits. Salary Si per annum, depending on V.-nd of qualifications and experi- to; Personnel Manager, Nifro-Chemicals Ltd., Box 310, Medicine Hut, Alberta, T1A 7G1 Livestock Calgary livestock CALGARY fCP) Kccdpb on the Calgary Livestock Mar- ket to 11 a.m. totaled 150 mostly slaughter steers and Trade was active. Slaughter steer.1) were .steady with most of (hose offered over- finishod and lacking condition, N'o s! a u hei f er.s of f ored c.-fjws of mwliiim (jufility .selling steady and a few bulls sold steady, Choice slaughter steers to :j so t o i mf.fJinm to 31.2.x to medium to 25.25, and cuttors ]9 to (Irxxl hulk 2fl lo 31. Replacement oattle were In short supply, tiling Rtdirly. iVfost offerings were fleshy, short-keep F.UJCTS io 95f> rii.sufficifmt stock ralv st.'ihli.sli a rnnrkct, stfrc-rs nrt to Iloga baio prico 34.45. lo Mr. Wilson tolrl the Calgary Chamber of Commerce. "For example, in Metropoli- tan Toronto today we would do well to buy a serviced single- family lot for less than "You can see lhat does to the ambition of the new fnm- ily formation to own their own home." He called on the chamber to use its influence to maintain a .streamlined planning and zon- ing procedure for residential sub-divisions. He said delays in approving subdivisions, in extending serv- ices arid thoroughfares and the forced application of 'Cadillac' standard's, mu.st be eliminnted. All of thoFfc drive tho price; of land up, said the vice-nre-sirlent of KngJneered Homes of Calgary. fire under control SHASTA, Calif. fAP) A VfJO-acrc forest fire that burner] part of Ihe historic: inininf! town of Shasta ami caused in damage has bwrn control the .state division of forestry re- ports. N era rly fir; 47' f i IT: fighters who battled the Maze have to return to t hei r homo sf. a t Jons, id di sion inforrnaion officer lU.fld Stcinbach. Tho forcwl evacuation of to 2.WXJ residents hern Friday rcsultwl in w.-veral minor injurif'.s (o A hearing war; sdindulnd day for a boy being held for of. arson la the fire, G prices Winnipeg Grain WINNIPEG fCP) Thi strike by longshoremen on the west coast was reflected in lower nipcsccd prices at mid- session on the Winnipeg Grain Exchange today. Rapesecci was as much as two cenls lower cm general liquidation. There was light buying on Ihe break but rM enough lo hold the market. was unchanged, as was oats and harley. Jtye recovered slightly frou opening declines on commis- sion house buying. Friday's volume of trade was bushels of bushels of rye ;tnd bnshels of rapt'seed. prJCE's: Max: Ort. lower ,1.0.> Nov. SOl'.'m; unr-hangod 2.01A; May chant'cd .'l.DIA. Jtapesrcd Vancouver; Kfp. 2 Nov lo'.vrr Jan. 2 March 1 lower 2.52.A. Rape-seed Thunder Hay: Oct. I lower Nov. lower 2A] Urn-, li lower May 1 louor 2.'IS. Oats: Oct. mirhaiw-d VV.A; uncfiangcfl .May not open. Hurley: ftrl. unrhangcrl 1.IS imrhangcd I.J9 li; May unchanged Kye; lov.'cr Her. higher f.IOA; Mny Jov.x-r 1.11 Dirt F.K IN sizr-; COUCH of white spriK-i: average Iwo inri-r-r: in of black spruce arc half lhat Government sources say this would appear easier to enforce than the affinity rule. Under the affinity rule, an or- ganization whose main pin-pose is not travel can charter a flight at che.ipcr rates than or- dinary scheduled fiighls pro- vided it receives approval from Ihe regulatory authority, fn Canada, Ihe regulatory author- ity is Ihe Canadian transport commission. Individuals in tlie charter group must have been mem- bers in good standing for at least six months More the de- parture dato of the flight. million loan given to Peru O'lTAWA (CP) ......The Export Development Cotp. lias an- nounced a million loan lo to help it buy services and equipment for a copper mine from Canadian firms. The corporation said in a press release Thursday the loan equals 85 per cent of the cost of the Canadian contract and will produce jobs in Camida equiva- lent to a year's work for 700 men. The foreign part of the proj- ect is a joint Canadian-Hr'Vili venture involving Wright K nccrs Ltd., Vancouver, aiid British Smelters Construction Ltd. Wright will supply manage- ment supervision and design engineering services find act as procurement agent for Cana- dian equipment for the new mine. Most of the equipment will conic from and Quebec suppliers. Tf-.e loan is the third and largest ever made by the cor- poration to Peru. Dollar value NEW YORK (Ci'J _ Cana- dian dollar up 1-32 at 57-H in ierms of U.S. funds. Pound sterling down 1-32 at 13-frl. MONTREAL (CP) _ U.K. dolhir in terms of Canadian funds unchanged at 40.wi Pound sterling down ]-iii at ll-c. culatiou and bank deposits held by the general public ran to billion. This included billion in notes and coins in circulation, nearly billion in demand deposits in the banks, and billion in personal savings lc- posits and term and notice