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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 23, 1972, Lethbridge, Alberta Wl IETHMIOGE HERAID Wodncidoy, Aujuil 23, 1972--------- Market in active tr sharpy, compared willi 701) at tiie same time Tuesday. index, imliL'Urials ad- vanccd 1.42 to 235.23 nml (he composite rose .83 to 225.77. Pa. pers fell .52 to 101.45. utilities .40 to 163.92 and banks .31 to 273.37. advances, Fitlcori- gained 3''i to 569'i, Hurt- son Bav Mining to Inco -i lo I.aidlaw Motnrways lo sis-'i iirtl yon 'i: to Amonq (Inclines, Rapid Data dropped" 3i to S23, Toronto TJo- minion to Royal Trust 3s to SH'k, Domtar to ?.nd Montreal Trust 'i to TORONTO (CP) Industrial Usues led tiie advance as prices in most sectors of the Toronto stock market climtol higher In active mid-mronmg trading today. The industrial index was ahead .93 to 217.36 and base metals .54 to 34.03. Golds were down'.02 to 209.H and western oils .07 to 261.80. Volume by 11 a.m. was 000 snares, up from G78.UOO at the same time Tuesday. Advances held a wide, margin over declines 59 to 00 with 197 issues unchanged. Beverage, industrial mining, oil refining, real estate, utility and merchandising stocks posted broad gains v.-hile bank- nRISK ing, communication, paper ar.d forest and general manufac- turing Issues drifted fraction- ally lower. Falconbridge was up to Gulf Oil Canada to SWi, Inco to Shcrritt 1 to Scurry-Rainbow Vi to and Chumb to Laidlaw Motorways rose to Western Supplies A to Versaicod l? to INDUSTRIALS MONTREAL fCP) trials jumped ahead in light trading today on the Montreal stock market. Combined volume on the Montreal and Canadian stock exchanges al 11 a.m. was doing Canada a favor buying its NEW YORK (AD Despite 'time softness in blue chips, the slock market moved narrowly forward today. Trading was brisk. The neon Dow Jones nvcrapc of 30 industrial stocks was down 3.76 at D09.75. Among issues traded on ttie New York Stock Exchange, gainers led losers hy nearly 7 lo 5. Among Canadians. Mclntyre advanced 1 to Masscy Ferguson 3i to Dome Mines to and Alcan to On the American Stock Ex- chl.nge, B, lOie N to and Nconex to Ily r.AHKV KAIllDAIRN OTTAWA (CP) Tlie United States docs not need Canada and is doing Canada a favor by buying its resources. That blunt message was brought lo Ottawa Tuesday by Ilctman Kahn, director of the influential Hudson Institute, and given lo Canadian officials and reporters. After a seminar with govern- ment officials on the inter- national economic environment, Mr. K.ilin hidd a news confer- ence to put forward hi.s views on lhat and other topics. Tlie Hudson Institute is a highly-rated "think v.jiere analysts seek to forecast future trends. Mr. Kahn has achieved fame as a provocative theoretician of tiie strategy tilermonuelear warfare and as a former adviser to the U.S. government. lie told reporters that Canada should not believe it has a mo- nopoly on the natural resources needed hy heavily-industrial- ized countries like the United Sla'es. Australia had such re- sources also, v.'hilc had more than Australia and Can- ada put together and Siberia Ivad more than all three. Canada's geographical close- resources. The reverse was true, since the I'.S. could buy from and invest in oilier coun- :ries. 1! Canadians realized Ibis, he said, relations between the Iwo countries would improve. Theoretically, he said, the U.S. could set alonfl without the rest of the world. "The United Slates lias no vi- tal economic interests any- where in the world In the senso that it's a life or death mailer lo Ihe United Slates." HACK TO NOUMAI- Hudson Institute studies hased on surveys of U.S. busi- nesses, showed that within five to six years the U.S. would he back to normal in terms of gross national product alter liiiR oil all trade. Tim biggest thing we would lose as far as 1 am concerned is Japanese tare recorders. That to me would be a tragedy, tjfe would not he the same." lie wns asked if the U.S. could fict along without Cana- dir.n water. Mr. Kahn replied that the U.S. can easily survive and grow with its own water re- sources, provided lhat a price were placed on water to induce users to use it efficiently. He also said that Canada Is rich enough to get along with- out depending on the U.S. Tho Canadian standard of living would drop, but if Canadians were willing to pay the price they could afford it. Grain price review Winnipeg Grain WINNIPEG .5l V. Ucca'la vcsr MISCELLANEOUS INDUSTRIES IMcific Tele R.-.initr S.inti.vtll 3.S1 -Tc-lcJyne Cdn 4.I11 While YUan 13.1) Westfleld 1.2! CALGARY Ac roll Heroin oil -H Ucrih Cant V.'csl PIPE LINE STOCKS N and C Ga% rland C Goi D Pacific Trans Gsz Mclro Gaz Mdro A Cd.i Pipe Royfuncl' Gr UnlUd Ac Universal VANCOUVER MIKES Dank'.c Varden Equircrlnl I c-1 Gniniile J 47 4V? 853 9.3J W.OF KI? 607 66-1 671 6 83 i.ll 5.71 553 603 5.73 6.M 7.13 8.41 VEO 6-37 9-34 74 10, Trans Cd.i 61M Tn Brlni Pacillc I Crowsncsl" Inti Cygrtus A B Fiji ten Copper A iQni3 B Hud fifty Co Hud oil 35J5 Cda War l? Tran-> 3'1' WC Tron; 10, MUTUAL FUNDS _.. A'l Cdn Con. B 66 Pfd VANCOUVER Brer, Cmnw Vcr.l 8.53 7-CM Ol C-rp 4.33 (.91 Albany Oil Corp In SI t- J5-32 5.81 Plains Pelc DrcylVs F U.S. 33-33 M.A6 Welt Exflcr Toronto mines, industrials By Richardson Sccm-ilirs ol Cannrln) LAST HID OK KALE'trr.l P Cori'.veit D'El-Jons niscover'y ?o U.3J 1.55 a.m. Quebec Man Ray reck RvJitre ShtrriFI Gar-Jo Silver Wilier TcR Corp. IIIDUSTRIALS Allftntlc (3.35 Atjm Ind yi Roll Tel Orrtzil Tr; 7 11 OX. Tel 11 '-00 B.m. n Pu Inl Pp Inv Grn A UliJ L.ivrenliii? SCeliy Do-jfj Lecl> v llan Cc.rp Nor'.n Price 37. CO 7 37.75 At.tlVl Hail damag claims drop CALGARY fCP) Hail dam- age this year will be between 5 and million, compared with million last year, says J. M. McKay, president of llic Alberta Crop Insurance Corp. Heavy hail conditions in mid- August pushed the number of claims lo more than he says. There were claims year. Most cf this year's hail activ- ity had been concentrated in small areas. Throe tornadoes also had caused damage. Mr. McKay says the threat of hail is diminishing and about 90 per cent of the losses have been recorded. Jnilnl Quebec Adrilson Key An aeon Lahfa'Jer Lnku Shcre R.L. fAjfartlc G.F. Martin W.cfJeely We J.i Mitfrim Irlern Mogul Nu Wcsf Homes Ucw Cfllumcf flornnda cci Calgary Colon Credit c GAS Cd Pfd Trann Cdn Wjirti Cfln VkXci Cnry.ler n-il Balh Seagrams J3 Ccns 56-10 Com II Dh1 Dom 10 87 Domlar 9.63V'j Dam Texlil Dom 00 Dome Pele Uni ID. SO Unlcn Oi ll.M'A Weitecl Union rs Grp A Mtn Pp Ctfo Pp Livestock report Letiibridge Livestock (Supplied liy Canada IJcparlmcnt of Agriculture) On olfer lo 11 a.m. 400 callle. Receipts mostly slaughter calllc. Trade active. Good and liutclicr .steers Belling rcsirtily 25 cents high- er. Good and choice bulchcr hrifeis meeting fiood demand, prices alioul steady. All classes of cows selling about steady. Choice steers 31.50 to 32.80. Choice heifers 29.80 lo 30.20. Good cows 25 to 25.90; me- dium 23 lo Z-1.80; canners and cullers to 23. Good heavy feeder sleers over SIM Ibs. 31.00 to 32.50. Goal (caller heifers over 800 Ibs. 28.60 lo 20.00. Uulclicr hogs sold Tuesday at the Lcthkridge yards 36.65 base price. Calgary livestock CALGARY (CP) Receipts ot the Calgary livestock mar- ket to 11 a.m. totalled lieiid; mostly slaughter steers ar.d heifers. Trade was fairly active. Slaughter steers were steady with over finished kinds dls- ccunlcd up lo sales to Tl.fO. Heifers were steady over finished kinds discount- ed Cows were steady with good" hinds scarce. Dulls were cosier with one lot of cross- bred bulls weighing pounds at 34.50. Choice slaughter steers 32.50 to 31.50, flood 31.25 lo 32.25. medium 30 to 31. Choice heif- ers 30 lo 30.70, good 28.75 to 28.75, medium 27.50 lo 28.50. Good cows 2fi lo 27, medium 24 lo 25.75, canners and cutlers 10 to 23.50. Good bulls 24.50 to 30.50. ficolaccmcnt callle were mostly short keep steers at stfBdy prices, No stock calves offered. Com] feeder steers more thnn 750 pounds 32.50 lo 35. Good feeder heifers 30 to .32. Hogs base price 36.25. Lambs were steady Tuesday with goal kinds 25 lo IK. 19. Tor A Seed Cdn Imp 3D-50 if) JS flog prices EDMONTON