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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 25, 1972, Lethbridge, Alberta Friday, Auejuil 25, 1972 THI LfTHBRIDOJ HERALD 19 Weaker trend evident today quotations Vancouver, Calgary, Montreal (Supplied by Dohcrly, McCualg Limited) LAST DID OH SALK am. Quolei) a.m. Quotes) a.m. Quotes) WESTERN OILS Hugh Russell Gr Equljy Alrdnex BP Oil Gai Con Soulh Cdn Ex Gai 675 Husky Oil 1S.SO 7.SQ Hunky Oil D 50 i HusV-y Oil War OO Inter Prov Pipe T3.CO S.EO Inler 5fct1 TORONTO fCP) Base metal issues on tlio Toronto stock market edged fractionally prices in most higher while other major sectors turned lower in quiet trading today. Tlio industrial miil-moming index was down .72 to 21-1.58, golds .79 to and western oils 1.60 to 254.24. Base metals were up .73 to 07.24. Volume by 11 a.m. was 000 shares, down from at the same time Thursday. Weakest sectors were lever- age, communication, general manufacturing, paper and for- est, merchandising and steel is- sues while hanking, food proc- essing and real estate stocks climbed moderately higher. Declines held a wide margin over advances, 1-15 to 83, with 191 issues unchanged. Niagara Wire B lost 1% to Consumers Distributing to Pacific Pete to BP Canada W lo and Molson A to Pan Ocean was down to Inco to Massey-Fer- guson to Mean Vt to Walker-Goodcrham Vs to and Pine Point 'A to Royal Bank rose to Placer Vz to American Quasar 20 cents to Texas GiOf Inc. 1A to and Mclntyrc I to PRICES SLUMP MONTREAL (CP) Prices in mast sectors c onti n ued to slump in light tmding on the Montreal stock market today. ByGenc NOSE FOR BOOZE AM EXPERIWEMTAL ALOOMOL SENSOR IN THE Banking moved up .59 lo 274.45. Industrials were off .73 to 230.40, papers .58 to 99.43, composite .52 to 222.15 and utili- ties ,31 to 1G3.24. Combined volume on the Montreal and Canadian stock exchanges was com- pared with at the same time Thursday. Rapid Data was clown to Alberta Gas Trunk Line 1 to Simpsons 7'a to and Pacif i c Petroleum Cdn Har eild Cdn Ind i Cdn Super Cdn tony li Charter Chlcrtan Dome Pels Gt Plains Ga Cdn Oil Lochltl Norlh Cdn Oil Numac Pancdn Pan Ocean Pelrol Pinnacle Place Gai Ponder Ranuer Scurry Rain K.ilncr Rci 3 85 Mnnago B.75 PatHfc Pefe Oil 10.62'A Rainier SanO'Wcll .39 Teledyne 4.15 Wuil C-Jn Seed 10 Yukon 37 Ji WesHleW 33.75 CALGARY Acrcll t.Vi Hl.Vt A, SO 3.VO N Gr 585 Oil .51 Principal Gr RoyFund Temp Gr United Ac Universal Sav 1 Vanguard f.J VANCOUVER MINES A Iron 4.16 6-60 5.02 5.5? 760 551 A.OS 5.10 5J5 7.11 7.40 7.73 5-71 9.41 t o HollingtT was up 1% to Corpex to and Royal Bank 14 to LOVVKU MEW YORK CAP) Blue chip stocks bounded back from an early decline today, but the stock 'market generally re- mained lower. Trading was moderately ac- tive. Among Canadians, Mclntyre ;is down 3 to Alcan to Inco to and Walker-Gooclerham to Canadian Pacific was up to On the American Stock Ex- change, Preston slipped to Canadian Marconi rose to and Brascan to Spoone. Sclbcm Tolal Ulifcr W. Decall! West Pele MISCELLANEOUS JHDUSTHIES Aqultaina Drinco Cdn A Cdn Brew 8 Cdn Pacific Inv Cyrjnus A Cygnus B Falcon Copper Genslar Home A Home B Hud Bay Co Hud Bay Oil Hi'd Gay Oil PM North Ccnl .0? H.JO West Warner .41 1J.25 PIPE LINE STOCKS AHa Gas A ,16 Alia Gai Pref 74.M .73 AHa Hat Gas 30.00 513 Inland Mat GAI 3l'w n and C Ga'. 15 25 M and C 0 Pfd 27.50 hi Pacific trans 17.75 11.37'yj Gai Metro -185 7 ?s Gaz Metro A 7fJ W I 'A Trarr; Plpa 45.75 Trans B "rr Tsi Gordon Silver W Walker Imp DO 33.. R. ).B5 Cwp. Nickel Inf .CO sa Grp thrc Mines Wrrcjhf Ulil Ind doc JO. Es Doug V fri... '41 3 can 73 AbiUbl Fercj 1.37 strike It r 7.50 63. SO Alco next tone fc 3 1 the I'M Ind Bell 75 Corp Price Tel Law Corp Shell 63 33 3 Suqar Bow Val Sean Stee! of sa 37 Cdn Wheat sales to Japan threatened WINNIPEG (CP) Commls- M. Esdale of the Ca- Wheat Board says Japan this fall I by tho west .ke. Mr. Esdalc said in an Inter- in the whole market. Hapeseed advanced about one cent in light commercial buying whilo oats and barley had a good do- mestic sliipper trade with bar- icy advancing to new highs. Volume of trade Thursday consisted of bushels of flax, rye, of Vancouver rapesecd and 000 of Thunder Bay rapeseed. MID-SESSION Flax: Oct. Vi higher 3.14KB; Nov. IV, higher 3.11B; Dec. VA higher 3.02'iB; May 214 higher Sept. high- higher higher tice, hut took the time out lo look up old friends. Reported definitely ready to seek o P.C. nomination is CEaudc Wagner, the controver- sial Quebec judge and former attorney general In that prov- ince in Jean Lesage's Liberal government. Another Is Allan Lawrence, Ontario's provincial secretary for justice. He is the man who camo close to beating Premier William Davis In the race for the leadership of the Ontario Conservative party. A Toronto newspaper (The Globe and Mail) carried a front page story this week that the Conservative party has five na- tionally known figures lined up ready lo announce their canda- cics as soon as Prime Minister Pierre Trudeau decides on Iho date of the election. It claimed the party strategy was to have Ihese men make their announce- ments simultaneously. Tho report caused some sur- prise In the office of Progres- sive Conservative Leader Stan- field. A spokesman said that tha party had several nationally known figures who had been ap- proached and several had indi- cated they would consider enter- ing the campaign. But it was "news" to officials In the office of the leader that five had been lined up to maka a simultaneous announcement. They added with a smile "sounds like a good Idea, may act on it." Tho Conservatives were en- couraged by tho reply given by Mr. Hoblin. They said It Indi- cated he was seriously thinking about standing as a candidate. "We want very much to sea ilm In said a spokesman for Mr. Stanlield. The party has been waiting on Mr. Trudeau to make his elec- tion date decision before ac- tively renewing approaches to possible candidates such as Mr. Roblin and Mr. Fulton. the for wheat ship- st of November. Japan, which last year was third largest wheat purchasing about 48 bushels, tenders for Hapcsccd Vancouver: Vt higher Nov. er Jan. 2.58'AB; March Rapcseed Thunder Bay: Oct. higher Nov. higher 2.48WB; Dec. unchanged 2.4flViB; May Vs lower 2.WB. Oats: Oct. unchanged 773iA; Dec. unchanged TOiA; May higher BlViA. Barley: Oct. Vz 'iugher Dec. >1 higher 1.2H4A; May higher 1.25MB. Rye: Oct. Vt higher 1.14B; Dec. 'A higher I.15B; May Vi higher Grab quotes Thursday (basis High 1 Beef futures WINNIPEG beef futures close Thursday. Sep 34.00; Nov 34.20N; Jan 34.75N; May Wednesday's volume: No con- tracts. INTERNATIONAL HARVESTER ANNOUNCEMENT Homei Alhon Ncsv CalumeF Vt. HDTEO Noranda North ga fa 10.00 ChomccH .Wfy Cat Cell 41.01 Calgary Pow Coron Credit -C4 C.W.H. Gas T .58 Cdn Ind 1.15 Cdn fAarcorl Cdn Vlcfcen 53.0U Chrysler .11 C.P.R. Corninco 1075 Cons Ra1h 9.M Cons Gfls Disl Seagram .74 Dom Brldgo 2.55 DomTa 4 C'5 i.cn 1.6S 1625 30.75 U.17V: Traders Grp A Trans Win Pp Trans Cda Pp IWon Gas Union Oil Versatlla Wesfecl Union Car Wes fen's B i A West Cdn Seed Zenilh Elec DAHKS 20.00 24.00 13 35 7 35 33.75 Do Dom Texlll 1475 33Cfl 33.00 Ifi.cfl Nova Sc Royal 17.25 Tor-Dom 3.10 27.7! JO.CO 35.62'A 35.00 Dollar value MONTREAL U.S. dollar in terms of Canadian funds unchanged at Pound sterling up 1-16 to J.. Neio York stocks (SnppUcd By Richardson Sccnriiles of Canada) Amr T and T X3.fi7Vi Seari 1W.35 30 Golds 209.B? up M Anacondo 19S7VJ 51d Oil of N.J. 79.12W 10 Base 97.13 up Bem Steel 3050 TftXBi Gulf 117.25 IS W Oili 35J.i4 off 1.40 Chj-ysler 31.75 Tcxai Co lUStt Volume YORK E-lftC -S3.DO JO Indush 9J8.31 off .07 7535 U.S. SieaJ 70 Rails 733.98 U.C. Shipments to Cliina, Canada's biggest customer, have- also been affected by the strike, but the Chinese have a contract for wheat delivery that lasts until next March. Mr. Esdale said seven Chi- nese vessels are waiting in west coast ports to load about 3.5 millon bushels of wheat and 11 Japanese ships, are standing by to take on at least 5.5 million bushels. Flax Oct Nov 303 May 309 308 Rapeseed Vancouver Scp Nov Jan Mar Oct Close 314 300 300 255% 257 259 2573s 253 255 25G 25G o GM Gulf Int Harvester Ktnn Copper Montgomery Ward 2J.87L'j 30 Indus! elf .SO Volume 3i.SS Gen Tel 2803 15 UUIifles II1.7J olf -13 33 TORONTO AVERAGES 65 Stocks 3TA.70 otf .07 Calgary livestock FOOD SERVICE OPERATIONS MANAGER REQUIRED FOR MOUNT ROYAL COLLEGE LINCOLN PARK CAMPUS, CALGARY Required for administralivc position wild Food Servico Dept. of Mount Royal College Lincoln Park Campus, Calgory. Duties of tho dopt. will include responsibility for establishing menu item standards for purchasing, pro- cfuclton and service (lo Include personnel) ihroughoul 7 major areas of tho Food Service Complex. The Manager bo directly responsible for Iho Production and Distribution Centre and Multi Uso Servcry assisled by iho Chef Supervisor. Tho successful applicant bo directly respons- ible to tho Director of Food Services. A minimum of Journeyman Cook's Papers Is required. Preforenco will be given to applicants with 5-10 years' experience as a managemen! chef, related experience in convenience food service. Consideration will also bo given to applicant! with degree qualificalions in related food disciplines. Both male and female applications are acceptable. This position is to bo filled immediately. Salary open commensurafo with qualifications, experience, responsibility, Apply by written application to: V. H. KNOTT, Director of Food Services MOUNT ROYAL COLLEGE 1129-7 AVE. S.W. CALGARY, ALBERTA T2P1B7 CALGARY (CP) Receipts on the Calgary livestock mar- ket to 11 a.m. totalled 500: most- ly replacement catUe and over- finished slaughler s leers and heifers, trade was active. Slaughter steers and heifers were steady with condition and finish considered; cows were steady but good kinds were scarce; hulls were steady. Good tc low choice slaughter steers 31.25 lo 33.50, medium 30 (o 31. Clood to low choice heifers 20 lo 30.30, medium 27.50 lo 2H.75. Good cows 26 lo 20.50, medium 21 lo 25.75, can- ncrs and cullers 10 to 23.50. Good bulls 2H.50 lo 30.GO. Replacement c.'illle were mostly steers meeting n demand at fully steady prices. Stock calves were scarce with Ihc bulk of those offered heif- ers at steady prices, A few good slock sieer calves sold at Gfi. Good feeder steers 575 lo 750 pounds 38 to 42.90, more than '50 pounds 32.50 to 35. Good 'ecder Iieifcrs 30 to 36.50. Good slock heifer calves 36 to 10, de- fending on weight. Hogs baso price 36.10. SLEEP BY DAY During daylime flying squir- rels sleep in tree holes or aban- doned leaf nests of other squir- rels. Hudson's Bay earnings soar WINNIPEG (CP) Hud- son's Bay Company announcec: here that sales for tiro six- monlh period ended July 31 in creased 20.3 three per cenl over the same period las' year. Sales excluding furs sole on consignment lo from 000. The company said earnings after taxes were or 25 cents a share compared wilh or 24 cenls n share last year. The company also said a semi annual dividend of 26 ccnls a share has been declar- ed payable on October 10, 1572. Tills brings the total dividend in ]D72 to 52 cents a share. Nov Dec May 25114 240V1 Oats Oct Dec May 80? i Barky Oct Dec MOVz May 124'A Ilyc Oct 11474 Dec HSli May Thunder Bay 256'A Price hike for hread recjiiested WASHINGTON (AP) American bankers are asking the U.S. Cost ot Living Council to approve price increases for bread and other products to off- set rising costs which are the result of the XJ.S.-Soviet wheat trade deal. At the same time, a bill has been introduced in Congress for a government-backed program to promote demand for bread and other wheat products in the United States. Opponents say this also could result In higher prices. The American Bakeirs Associ- ation, which represents about l-.OOO bakeries, said Thursday that an "extraordinary price movement for flour" since the Soviet wheat agreement has in- creased U.S. costs by approxi- mately two-thirds a cent per pound of bread. A pound loaf of bread cur- rently costs about 25 cents. There was no mention of how much of an increase is antici- pated, but industry spokesmen said earlier this week it could he from two to three cents a loaf. Joseph Creed, general coun- sel for the bakers group, said pre-tax profits for bakeries On Canada, Limiled announces 249 246% 239 tt 80% 122% 1I8V4 250 V4 247 tt 240 'A 77% 77 'A 120% 120% 124 Vt 113% 114% a one pound loaf of bread aver- Norman Smith ai President oi Ihe Company, cffec- aged 1.13 cents n 1971. Costs 1 1972 now have increased by an addi- September 1. 1972. ticnal .67 cents per 'oa'> ne said, and it will place most bakers "in a deficit position." Congress, meanwhile, is con- sidering a bill to establish a industry council to pr'cP mote demand for wheat prod- ucts through a research and ad- vertising campaign. It would be financed by a levy on processed wheat and opponents argue that the cost of up to million a year ultimately would passed on to the consumer. be Mr. Smith, a native of Hamilton, Ontario, joined Inlernalional Harvester In 1929. Through various he has held wilh tho Company, most recenl- ly Vice President, Financo, Mr. Smilh Is well known In business and financial circles throughout Canada. Mr. Smilh succeeds Robert D. Musglerd who is being promot- ed lo the position of Vice Presi- dent, Inlernationol Harvester Company, Chicago, In choree of the Overseas Division. He has served as President of the Cana- dian Company since 1969. Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Allwrla Hog Producers Marketing Board: Kdmonlon: 3G.35; average Thursday 37.75. Red Deer: 36.40; average Thursday 37.45. Calgary: 36.10; average Thursday 37.72. tallibridgc: No sales; aver- age Thursday 38.43. Lloydminster: No snips: nv- crage Thursday 38.15. Fort Maclcod: No sales; av- erage Thursday 38.20. Grande Prairie: No sales; average Thursday 36.97. P'alrvicw: No sales today or Thursday. Total hogs sold to 11 a.m. 332. Total sold Thursday average 37.80. Sow prico 25.45. RELIANCE AGENCIES 822 3rd. Avo. So. Phono 327-1116 Listing Service -Exduiivo Agents for BOYCHUCK Construction Lid. Insurance Service IN ADDITION _Wo now announce the EXPANSION of our APPRAISAL DE- PARTMENT for Value Firo Insurance For Appraisal Infarmaljon call: Norm Bullied Ken Branch Jerry Zeiulka Gains and Best 18-UNIT FULLY MODERN MOTEL IN SOUTHERN AlBERTA ON NO, 3 HIWAY New telephone lystem, nir condilioncd, TV, laundry, broad' loom throughout, plut modern 7-room houie with generot office. Excellent fnmily busincis; books open fo bonafltfe purchasers. 85% orcuponcy. One of Iris BESTI Call FRED, 282-2274 or HARRY, 282-8006 fevgt.) er wrila fo WEBER BROS. REALTY LTD. 620 ?lh Avenue S.W., Calgary (263-6770 24 hra.) DRIVE INTO FOREIGN CAR'S DATSUNLAND AND DRIVE OUT A WINNER! Foreign Car's Dotsunland Invlles you to road-test His cor lhat'i earned foremost rally record. The car that offen you 62 no-cosl extras to givo you more for your dollar. Like front disc brakes. Safety collapsible steering colbmn. Independent rear suspension. Rear defroster. the after-sale service that has made Foreign Car'i Datsunland lethbridge's value winncrl FOREIGN CAR (LETHBRIDGE LTD.) 1102 3rd Ave. S. Phone 328-9651 ;