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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 25, 1971, Lethbridge, Alberta J _ THE LETHBRIDGf HERALD Wednesday, August 25, 1971 MisccLLuucons tfnoialions Vancouver, Calgary, Montreal (Supplied by Dohcrty, iioadnoiiSG and McCuaig) LAST DID OK SALE am. wjoics, (11.nn a.m. QUOTED tarley may go at lire-sale prices Market higher in early trade (11 m. Ouolcb. WESTERN OILS AlmiiiL-x 5 Alia Eail Hudson Oriy Oil .17.25 Mud. Uay Oil PIcJ I 177.Illll) al ihr day. m all other tin index, the composite rose .12 lo 78.77 .Moore Corp. roM1 --.i 10 i Distillers-Seagrams lo jNoranda Mines :is lo TransCanada PipeLincs to Dominion Glass 'j lo International Utilities 'j i lo Wd and Kaiser Resources lo S5'j Falconbridgc Nickel dropped I '-j lo S93, CP Lid. 'i to SM and RC1.. Telephone ]i I o ACTIVE THADK Scurry Rr. Spcjner Cum. Pron l.'.GO Cdn OJ 5 CO Cf. Cdn Oil 6-75 lOP'-u Honip Oil A j-1.50 Home Oil B J'. 12 wns. points at S11.G5. Advances led, u'no" TORONTO fCPi )il issues dipped fr.iclionally loivcr, while price'; in all other: sectors of llic Toronto stock i .-Hi to industrials .51 lo market climbed higher in mod- j utilities .1C lo 131.91 mid-morning 1 r a d i n g banks, .75 lo and ivpcrs ,oday. On index, induslrhils were up .78 lo 175.lid, golds .21 lo 181.13 snd base metals lo 88.83. iVestern oils dropped ..'59 to !3G 84. hy II a.m. uas -WT.OOO iharcs, down from 541.0011 at the same time Tuesday. Advances held a moderale .liargin over declines 122 lo 117. vilh 107 issues u u c h a n g e d. Strongest seciors were banking, industrial miu-1 YORK iAI jig and beverages. Oil refining, j slock market, slill drawing real estate and paper and forest strength from the Ni.von admin- ssues edged traclionally lower. I islration's new economic pro- cvimu' Elecirohome climbed I lo maintained ils brisk pace Moore 7, lo Canadian i advance today. Trading was cum. fire A "s lo S3-K-. Tara to I sl33i, Asamera :is to Slfl'i and' The Dmv Jollcs average sumac !s to-S10n.i 'M incluslrials was up T..i2 TransCanada Pipelines was. at slLli5' Advances led jp I- SMTs Inco N lo Declines on the New York Stock Soya'l Bank lo ?27'-., Exchange by about 5 to 2. i to fl5's Ocean to' Tlle Dmv industrial average and Shell lo had .sained nearly 51) points in cr Scolt-LaSallc losl 1 lo 532. Riu seven-session by the close of to S15. Pacific Pele '.i trading Tuesday. In the first i sessions thi.s wcc-k alone. Hie blue-chip indicalor rose a lolal of 23 points. Optimism stemming trum the ?KICL'S CJSL' administration s neu- economic MONTREAL u'Pi Prices policies, unveiled It) days ago, :ose in all sectors in light morn- i has fuelled Ihe advance, accorcl- Jig trading on llic Monlrcnl ing n analysl.--. They added lhal ilock market today. the market miuhl have Com hi ne d volume on the profiled from llic ahilily of Ihe Montreal and Canadian stock Dow industrial average to rise ?x changes at II a.m. was abo'.c Ihe 900 resistance Icve shares compared with i Tuesday. Livestock report Lethbridge Livestock i Supplied In Canada Department o[ Agriculture) On offer to 11-00 a.m. iflO cat-1 pounds 30.50 to 32.BO. Good bsi- Jc. fcrs more than COO pounds Receipts mixed quality. to 30.25. frado moderately aclivc. Good f No hcgs on lo II ind choice butcher steers indcr pressure, Prices ower than last week. Tlie few jood and choice heifers on offer j :nld steady kind and condition ronsidcrcd. Medium and good j were ;i goud de- Corp M' 7.J31- Oil Pfcl B .13.00 Oil War 7..15 Prov Pipe 1775 Prov Slccl 19.37'j Dreylus F U.5. I2.-19 136? Ac 45 MI-IU.I' Or N'fll Rns .i; N W fin l i N W Gr 7 13 Principal Gr SO nn Temp Gr 5 T) 5 79 5 I li 5 2.1 5.74 'J W 7.C7 'J1.121 15.12'- J3.DO Trlociyne V.eil Cdn SfL-a Whilcpass, CALGARY ''-.Lrfill 111 Pfd 19.25 13.? Decnlla o MISCELLANEOUS INDUSTRIES Aqra Induv B 75 Atco mclus Nfl 31 p. frJji Crc.v li 35.75 Cdn Hvdro OK 1 i 6r Ccin 10.00 CtJn Puc Inv. Pld 53 75 CPR Pld. A 11 50 5 75 PIPELINE STOCKS A'M Gai Tr L A AHa Gfls; Tr Pld 7JfD Alia Not Grts 23.50 filn Hnt Gas Inland Hat Gas N and C Gas 15.53 G 12'- N B-irJ C B Pfd 30 C3 27 Pflcifjr: Gas Tr 3.50 Pn.' A'ciro Pfd A 30 12' 5 Gn: 20 7.91 VANCOUVER Anuk ,'7 Arctic Mininci UB Aflas Exfilor Bath NOFSR BlnrA Bros Brpnctfl B.C. Sugai B.C. Suqs Cflpl Infer Churr.hi'l Topper Ccl Cellulose Coronation Credil For Ind J.50 Crovdcn .19 Dolly VarcJen 3J Dynasty 7.00 F-rl Reliance Jl Gianl Mascot Growers B 2-'-5 1.75 Tr Cdn Pete Pete MUTUAL FUNDS Primer AM Cdn Com 8.J7 pyramid All Cdn Divid 9..t7 1035 Silvpr Standard l All Cdn Vent 375 [nil Res A-nr Gr Fund 6 PC d. AGF Special 7.PJ Trcfan Cdn Invest F .i.S3 i "JS V.'Pitem Wine? Col Mulual 631 fi ?'l WC Res Commv Inler 11.11 M. '.3 Explor Lev 3.EO Utica Toronto 7niit.cs, industrials Supplied by Richardson Eernritics of Canada LAST BID Oil SALE :o S34n.i, Home A to M4-" Domlar lo ?l2lr and Acres .o S91'.. a.m. Qi MINES There is concern across the Prairies Ihal sonic ot tliis year's expected bumper crop of barley will have In go at fire-sale prices or languish in storage bins. The nlmosl-daily changes in crops in the U.S. and Europe, world production pall ems and demand are playing hob with agricultural market forecasts made last year. fn 1970, a combination of cir- cumstances, including s in a J J WL're responsible Tor record Ca- nadian barley exports and mar- knlinR experts cautiously urijed Cynaciian fanners to increase production this year. Iji flic wake of vastly-reduced acreages generated in 1970 by the federal government's pro- I gram to reduce wheat stocks, i prairie farmers responded last spring by planting Hi per cent more barley. Nou' indications arc for a bumper yield from the in- ci'pfl-srrl afrKagK wJiJle produc- lion in nlhcr areas of the world also appears in reduced demand for Canadian barley. SLTGGESTKD ACRIiAGK David Walker, marketing economist wilh the Alberta agri- culture department, said Tues- day that based on last year's the "federal govern- ment suggested farmers grow 16 million acres" this year. ''That's a hell of a lot of bar- ley and now they have an obli- gation to move it." Last year, more barley was cold [nan produced. Export and rtomcsljc sales totalled about at steady prices. liiSiiilicienl stock or slaughter In e-a- a market. Feeder sleers more than Tijfl Gr nand at steady prices. Mcdi- im and gcud focdor leers meeting ;ood demand al slighlly lower Choice sleers: 30.51) ID 31.40; ;ood 23.30 to 30.25; medium 8.25 lo 29.50. Choice heifers: 27 to 27.30; jocd 26.2o to 26.60. Good 22 lo 22.90; med- um 21 to 21.75 Good heavy feeders steers 3-50 Ibs 30 to 30.90; med- prices Winnipeg Grain urn 23 lo 29.40. Good feeder heifers 26.50 to WINNIPEG (L'P .iricns moved lo lower levels at mid-session on the Winnipeg Gram Exchange today i local and commission houses on bolh sides of the market. Other commodities were mostly inactive and prices re- mained near previous close els. Tuesday's volume of Iradc was IKO.QOO bushels of [lax. 348.000 of rye and of I SMOKE BEGINS TO DISAPPEAR A smokeless Boeing 727-225 jet takes off from Miami fnternationol Airport offer being equipped wilh smoke-reducing combustion chambers. Below, a convenlional Boeing 727 jef fakes off spilling exhausl. The nation's airlines say lhal 64 per cent of the fleef will be virtually smokeless by fhe end of 1973. M2 million bushels while production from 10 million acres was about 415 million bushels. crop looks far bolter (his year for yield will? an esti- mated average of 42 bushels to the acre compared with 40 bushels in 1970." Mr. Walker said Ihe crop this year could be in Ihe (iOO-650-mil- lion-bushcl range. One of the problems is that the U.S. corn crop is making a good comeback after it was se- verely reduced last year by in- festation. Canadian barley filled the gap for U.S. livestock feed- ers who usually used corn. Mi'. Walker said the outcome will depend on what advance sales have been made by the Canadian what board. "Last June, barley sold at a solid price which went up 25 cenLs a bushel by August. "This year we hit a high price in mid-Jimo of a bushel and that's dropped to a bushel." Unifarm President D o b s o n Led of Edmonton said his or- ganization "intends to meet soon to discuss the bailey situa- tion." Restaurant prices blamed for rise Rural life doomed NDP leader TORONTO (CP) The presi- dent of Dominion Stores Lid. says the supermarket price war is not over and Ihe government food-price index is misleading because it includes restaurant meals. T. G. McCormack, speaking i at the company's annual meet- The food component of tlio consumer price index computed by Slalislies, includes both res- taurar.t meals and food pur- chased for home preparation. Mr. McCormack said con- sumer organizations have failed lo keep members informed about the supermarket price war. He said checks on food ing Monday, said the bill for a prices by newspapers and radio lyrical" restaurant meal in-1 slalions have been "superficial" creased by about four per cent 'iavc n0'- lakcn into j between July iast year and consideration prices al (he 200 Jub, 1971. items. Dominion Slorcs profit for the year ended March 20 was million, as previously reported, I wilh f'-1 'or VALLEY (UP) -J Ihe use of Alberta's share of) in Ule "revious fiscal year. Grant Notlcy, Alberta leader of! the Canada Pension Plan funds tlie Democratic Party, the Alberta Development shoived a .13 per-cent increase in the first quarter of the current fiscal year, compared with the savs "If tlie meal were prepared at home from groceries bought in a store, Ihe rise in cost u'ouJd Jlr. McCormack noted that sales figures released last week sai'l here that the federal and Corporation. Alberta governments have squeezed the agricultural eco-; nomy so much that rural Ijte is doomed to stagnation. He told a campaign rally lhat as Ihe family farm disap- nai'i pears, the economic base towns and villages also goes. "Many small businesses have been forced lo close already, esscnfial services are being withdrawn or scaled and is cured Net earnings By THE CANADIAN PUliSS are making (hemselves felt. In sr.m period a year earlier. "Tiie benefits resulting from million. 1.19 cenls share; 1370, million, 12.9 clllncse doctors the lack of education ai opportunities force inorc more people into (he over- methods lo cure a lypo of para- crowded lie said in his campaign for Ihe Aug 30 pro- vincial election. Jlr. Nolley said dial CO per cenls. An extraordinary gain of is included in Uie 1970 figure. TOKYO Peking said; Canadian Imperial Bank of 'Commerce, nrnc monlhs ended July 31: 1971 1970 Tainblvn Lid., year ended April 3, 1971: a share; vcar ended March 28 19" nd job lmvc Iraditional Chi- and nesc acupuncture with Western lysis previously considered in- curable. The New China News Agency said in a broadcast that 124 of Pe- rapeseed. Mid-session prices'; Flax: OcL. lower 23' Butcher hops sold Tuesday i Nnv- J Dcc' J I imi'Dt- 9 Jlay 'OB Lethbridge 23.45 lo 23.50 ;cod 30 to 30.75. medium 28.50 i Dec. unchanged 1.04! i, -May 5 29.75. Choice heifers 27.50 to i lower 6 10, good 2G.25 lo 27.H, me- lium 25 lo 26.23. Good cows i 1.50 lo 22.50, irccliuin 2 lower lower 2.33 Rapeseed Vancouver: Sept. 2 lower 2.88, Nov. P'i lowei 278'j. Jan. 1 lower 2.73: March 1 lower 2.69. Rapeseed Thunder Bay: Ocl. lower 2.64IJ, Dec. lower In: Harvesler Korin Cooger Montgomery V Neiv York stocks Supplied by Richardson Securities of Canada T 9-c.OO 20 Golds off H O'l o' U J 7300 Hi Base Met B'-3! up .16 Texas Gulf 15 W Oils 237.55 cf! 22 Co iS Volume YORK AVERAGES E'cc 9i 30 Indust 910.33 up 3 US Steel JJ.U'.i 20 Raits 3J2 52 up .3d 15 Ulililies 113.94 up .19 "TORONTO AVERAGES 65 3n_79 up i.B3 .-20 Indust 175.9i up 112 Volume ,cciiL of Alberta lowns and 75' J51 Patlcnts lrcalcd a per cent of" Alberta villages kinS hospital during a two-year grew by less thnn the national for Iraumabc para. average and almost 100 per Plc6ia could walk wllh crulch- 2.fil, Oals: Oct. lower fiT-' lower lower Dec. May Four-day, 40-hour work week backed cent ct all Alberta municipal j c? and 15 could walk "'illloul districts, improvement districts and special areas showed far I n "1C paralysis as less than the Nalional Average i traumalic fracture 1 of the patient's spine, which re- the current quarter, we expect lo achieve profits equal to or greater than those o[ the same quarter last year .before the dis- c nob'cy was introduced." The text of Mr. McCormack's speech was released in advance of delivery. larc; vcar e no e cl March 28 S50I.41B. S1.70. A IVIf Slnlson Iniluslrics Lid.. Ihrce j jrVlTlVj monlhs ended June 30: 1071, le: glOttlll, INCENTIVE GRAMS All NDP government. said, would provido he direct in- S4.034 million. 35 ccnls a share; 1970, million, 32 cenls. nrilish Columbia Sugar Re- finery Lid., nine monljis ended June 30: 1971, 91 cenls a share; 1970, 81 cenls. George Western Lid.. sL months ended June 30: 1971 f5.OII.noo, SO cenls a share; centive grants to small com- munities to ensure the con- tinuation and growth of essen- community services. It I suits in damaging of spinal nerves." The broadcast said the bos-! 60 cents. pital experimented wilh acu- i----------------------- puncture, which consists of in-1 serting fine needles into the body si various poi; ing the ailment and also devcl- les into Ihe -jyr ints, in Ireal-1 would also improve oped n new pill. facilities in rural Alberta. "They worked out a new {jISCOVCl'V .Mr. only working in conjunction wilh Notlcy also said thai an NDP government. treatment of paraplegia hy deep needling on the nerve the agency said. NDP governments in Saskatch-1 "Through studying and sum- l.OM III 1.25, canncrs and cutters 17 Lo 9.50. Gcod bulls (o 23.25. Replacement cattle w ere leshy, short-keep steers selling r-" 3yCene Fawcette THE GREATEST DIRECT MICROSCOPIC MAGMFICATIOM IN MILLION TIMES-HAS jusr BEEN" ACCOMPLISHED. USIM5 A SPECIALLY-AWDlFIED ELECTRON AMCROSCOPE, SCIENTISTS HAVE SEEN DETAILS AS AS fl BlLLIONTHS OF AM INCH WIPE... If if ...BUT WITH THE AID OF SPECIAL PHOTOGRAPHIC CNLARGEMENT, IMAGES Z74MUON TIMES HAVE zi.-'r Ocl Xov Dec May potalo fulurcs riicsday: VANCOUVER il'P'i Labor ilimslcr James Chahot savs he's in favor of Uie four-day, i hour work and wanls lo encourage il where possible in "British Columbia. "There's been a lul of experi- menting with this concept in the U.S. but there's been almost nnlliing done here so Mr. Chahot said in a recent inter- view. ''This is a trend seems Lo be slowly developing here and will eventually cnlch on The four day. hour v.-ork week "seems lo benefit bolh the workers management." TIIItlCIvDAY WKHKENDS Ho said bencfils for the work- er include more leisure time 1 through Uirec day weekends I and lower transportation costs i lo and from work. 'Tor example, a dedicated j family man would have more lime lo spend wilh his family and slill make the same money. I If I was a worker, I would seri- ously consider looking into Ibis anccpl." Management would benefit IbrcuRb improved productivity and a reduction in absenteeism. In H.f. .'iny company or un- ion winning lo swilch ib '10- honr work v.eek lo four days (C'Pi Maritime from five must first apply for 233 2-T! 242'., Ilapcsofil Scp Xov 277-a Jan 272-s 2Tli .Mar 272'3 Itapcseed Tbiindcr Oct 2lii) 2M-N Jlili'i Dec 2B2'. i 2liP, May----- (liils Oct 1'iY'; liV Dcc May li'.i IIBs llarlnv Ocl i 1IH1.. Dec lo-l-H Oct Dec May Polalo fiilurcs a permit from Ihe board of in- dii.stria! relations, which admin- isters Ihe hours of work acl. The I a h n i- minister said decide each case on its own meril." The restriclivc section of the hours of work act is section 3, which 15 divided into three sub- sections. The first says it's illc gal lo work more than eiglit hours a day and more than 44 hours a in "any indus- trial undertaking" except where permission has been granted hy the board. Subsection two deals wilh split shifts. Sitbseclion 3 says Ihe indus- trial relations board may give employees permission lo exceed Ihe limits if il is satisfied thai, cxlra working hours "arc nec- essary lo overcome emergent condilions lhat mav arise" and thai extra working hours arc 1101 harmful lo Ihe intTcsls of employees. Some B.C. companies and un- ions are experimentinR wilh (be shorter work week. Abonl 40 employees of the Vancouver engineering firm of Head Junes Chrislofferscn slarlcd in April lo four- day shifts every ulher week, av- eraging hours weekly. The firm's vice president, Pcler Jones, says th.? experi- ment seems to be working well. "We've pil a happier crew. Unr people find il great. Mosl people Ihink Iheir productivity lias improved." Abonl. (100 members of the Amalfifim.ilfd Mealcntlers Un- ion in Ihe Vancouver area now work a four day week every I cwan and Manitoba, would be nnn: lor variations Imirlh neck, averaging M hours u.'iA Hinder llic acl. The board will! a week. able to exert sufficient pres- sure on Ihe federal government to negoliate successfully fc mmg up experience conslantly. they trial-produced a nciv kind at Provost CALGARY (CP) Canadian Dele ncc board will retain facilities OTTAWA (CP) Canada, like other nations, cannot risk being uninformed ahout meth- ods of protection against chemi- cal or biological warfare, the .1U of p i 11 for traumatic para-1 Bonanza Petroleums Lid. an- plegia. Now the pills arc being I discovery Tuesday of I used to good cffccl." gas m the P.-ovost area of east central Albcrla. Tlie discovery, located on a 1-1.100 acre farm out from Tex- as Pacific Oil Company, test- ed al 1.5 million cubic "feet ot natural gas a day. The company holds a 75-per- cenl interest in the well and said it plans follow-up drilling. ihiyor captures plowing lille WAMIAM (CP) Mayor Albert I.criger of Wanham won (he Albcrla plowing cham- pionship here wilh points out cf a possible 390. The mayor gained one first- government's' while paper on f 1af to flofrnnn ,nv, i bcnt K1'nko of Wanham, defence says. It [minis out lhal Canada de- stroyed its Iclhal chemical war- fare weapons in MHO and that Canadian forces have never pos- sessed biological weapons. Recent discussions in the disarmament conference gave reasons for hope that an inter- national body would be eslab- bccond with 1211 points. Both men now arc eligible for Firm haired MONTUICAL (CP) The brokciage firm of .1. C Pont- briand was suspended by llic C a n a d i a n Slock lOxchangc lislicd lo control biologic a J Minister Henry Ifusic was the Canadian plowing chain-; Tuesday for not having suffi- pionships at Out., Oct. j cjonl capital to carry on busi- iMr, I.criger v. as defeated earlier in llic competition hy LI. (irant MaclCwaii. Mr MacICwan [lie mayors and dignilarics event and Agricul- Tlio Defence llesearch ISoard would retain its facililies used to advise troops on training and equipment needed lo prolcct IJiem against chemical agents. "So long as our forces may again be involved in operations where Hie opposing forces have WINNIPKIV (Cl> substantial sloeks of chemical futures Tuesday: weapons, it is esscnlial that their survivabilily should not he j Sep jeopardized by lack of adequate I Nciv said Ihe policy j Jan paper. Alar second wilh Mr I.eriger Ihird. A. 0. Fimrile, minister ivill.'oul. portfolio, came fourth. ness. A spokesman for the ex- change said Ihe firm's books were being checked by audi- lors. lie said no further action wil! be taken until aflor a re- poit is received from llic audi- TllllH'CS (Cl') Live beef s Tuesday: Open High Low Close 3l.dll 3II.IXiU Dividends lly TIIIO (ANADIAM I'RKSS (irovhouiul Mnrs nf Canada Mil., cents, Oct. I, record Sept. I. Imperial Oil 1.1 cents, Kepi. 30, record Kepi. I. Great Life Assurance- cenls, Ocl. I, record Sept. 15. announced TORONTO (CP; American Motors of Canada Lid. moved Tuesday to boost 1971-model sales by offering rebates of up lo on (his year's prices lo persons who buy an AMC car within ncxl 30 days. The offer by the Brampton, Ont., plant is in addition to reg- ular rebates given dealers lo help them sell cars at the end of Ihc model year. These rebates usually amount to five per cent. Starling today, buyers will get back on Ihe subcompact Gremlin; on Uie compact Hornet; on Uie Matador, and on the Javelin and Am- bassador. American Motor's has not an- nounced ils 1972-model prices. prices fcDMONTON (CP) Aver- age prices to 11 a.m. provided by the Albcrla Hog Producers Marketing Board: Edmonton: 23.30. Average Tuesday 23.71. Red Deer: 23.35. Average Tuesday 23.30. Calgary nil. Average Tries- day 23.73. Lelhbridge nil. Average Tues- day 23.39. Lloydminsler nil. Average fucsday 23.57. Total hogs sold 352, Tuesday Average 23.65. Sows averaged 13.53. INTERIOR BREWERIES LIMITED CRESTON, B.C. DIVIDEND NO. 54 NOTICE is licrnby given that n quorlcrly dividend of five conls (.05cl per slioro on tlio DUlslonling common shares of the company has boon dc- :larod hy September 15, to of record September 1, 1971. By Order of iho Biard A, M, NOXON. SocrolciryTronsurcr Craslon, B.C. Aufjust 9, 1971. ;