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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 29, 1972, Lethbridge, Alberta Tu.idoy, Auguit S9, 1971 TH Inco rose lo Fleet Manufacturing 15 cents lo Crush International to Intercity Gas to and Oc cidcntal to Camflo Mines rose cents ti United Asbestos SO cent to Radiorc 1 cent lo 3? cents, Ctiicltian -Ti to SlOVi, an Numac to Bethlehem Copper was off to DenLson to Vi Hudson Bay to Cana dian Superior Oil to and United Canso Vi to ere mixed, with only mar nal gains and losses recorded, i moderate early trading on ic Montreal stock market lo- ay. Industrials were up .47 to 59.35, the composite .32 lo 22.04, and hanks ,05 to 274.03, oile papers were off .58 to 3.72 and utilities .05 to 163.03. Combined volume on the Jontrcal and Canadian slock xchangcs at 11 a.m. was 00 shares, compared with 300 at (he same time Monday. Rapid Data was up I'A to Pacific Petroleum to Noranda 14 to am TransC'anada PipcLincs 14 lo 54514. Inlerprovincial Pipe Line was off li to Falconbridgo Nickel Vt to SGSl'z, and Husky Oil lo 'KICES DOWN NEW YORK (AP) Price denial of auto- price increases and moves by more major U.S. banks toward ligtier interest rales sent stock prices downward today. The noon Dow Jones average of 30 industrial slocks was clown C.39 lo 950.50. Declines opened up a 709-to-419 lead over advances on the York Stock Exchange in moderate trading. Dome Mines fell a point to among Onr.adians. Off Vt were Mean, at Hudson Bay Mining, at and Walker-Cooderham, at On (he Amcx, Scurry Rain- bow Oil was down H at Almlnc: AUa EasI Asamera Aih1ar.il BF> Oil Gal Can South Cdn Entt Gal Cdn Homcstd Cdn Ind Gas Cdn Super Cdn Long Is Charier Chilian Dome Pc1e Gt PIair.1 Gt Can Oil LccJiicI Ncrlh Cdn Oil UucrM'- Pancdrt Pete pan Ocean Pelrcl Pinnacle Place Gai Por.Oer Ranker LAST BII> OK SALE a.m. QuoHJJ Muiky O1I 16.00 1 a.r QuoTci) 7.90 Oil War 5.13 Inler Prov Pipe 17.00 Inter Prov sreel 13.75 i.7S Kilser Rei 7.W 6.75 ViGF Manage 4.CO Pacific Pde 8.60 Rainier 6.50 OH 10.75 Sand we If M.2S TcteOyne .39 WciF Cdn 6.0? 4 10 While Yukon H.M 11.00 WesWeld 1.24 f.o CALGARY Acroll .il 7.50 Borons Oil -03V: 1.J3 Horlh Cont .02 .41 PIPE LINE STOCKS Invei Gr Fd 13.C1 Irwts rV.uf A" 6.W Mut Aceum 4.81 Grwfh Fd J-76 i-'S Nat 7.59 NW Fin NW Gr-vlti Prmc Grwth Royfund Tcm Grwlh Untd Accu Unlvcr Sav Vanguard VANCOUVER MIMES AflWl Alias Explor 1 Bnlhrv 5.65 5.40 7.10 7.37 7.45 834 5.67 423 S.SO 9.34 9.63 10.35 Gas Industry launches research -program Fuel cell power plant opened CALGARY (Special) Can- ada's first natural gas fuel cell power plant, part of an inter- national test program aimed at developing a new energy ser- vice for the public, was of- ficially placed in operation in Calgary Monday by Alberta's minister of telephones and'util- ities, Len Worry. The- installation of the power plant home in built modern Calgary by Engineered Homes is part of a field lest program being conducted by the gas industry, and designed lo investigate the technical, Inc.j onomic and marketing factors of fuel cell energy service. The total research program, involving in excess of mil- lion, IF sponsored by a gas in- dustry group, called Team to Advance Research for Gas En- 17.SO 15.13V) 14.25 1.20 U liter W. Dccalfa Weil Cyqnis 0 F-alcon Coppar GenMar A Homo B Hud Day Co Hud Bay Oif Mud Bay Pfd Hugh Russell Alia Gas A 61.00 Alia Gas Pref Alta Hat Gas .78 tnland Hal Gat 1J.M n and C Gas 17.6H' 20 75 If and C B Pfd PfltHk Tram ,62 GUI Melro 11.25 Ga? Mclro A 7 ?i Trans 1.49 Trans Cda B Trans Cda A ll.W Trans Cda War WC Tram WC 9.70 MUTUAL FUNDS All Cdn Cmpd 9.41 All Cdn Div 9.50 10.13 Ail Cdn Ven W ftm Grttvlh Fd 7.12 3650 A G.F. Spec 3.34 5.75 Cdn IMS Td 5.36 5.74 Col MuT 7.05 7.74 13.CO CmvvUri li.M Cmwirh Lev Cmwllh Vcn 8.2.1 ?.03 Corp Inves 6.37 18 Cor Inv 5k Fd 5.55 5.75 Dyfus Fd US 1437 36 ST Grpd In Shrs X.4Q 41 75 Grrtth 8.4.5 9-23 end-: Churchill Cpr Croytlen Davenport Darkoe Dolly Varden Dynasty Equllcrlal 26.75 Giant W.asrct XO.IJVi Pyramid GJ.OO Silver S1d Tcxmool Trojan .S? S 10 7..IO s.es 1.76 .41 .27 Unprecedented project Energy-export plan okayed ional energy proved an Valley Cpi INDUSTRIAL Block Bros 350 B.C. Sugar 2150 B.C. Sugar Pfd IS.M Cspr Inter Columbia Creilbrk For Ind Hys Key (ndui Poc Wesl Air Sfampetfe Inf'l Rci OILS Albany Plains Pele 3.00 3-.S5 3.15 .ee 21.75 .10 Toronto mines, industrials (Sopplicd By Richardson Sccnrlllcs ol Canada) LAST BID OR SALE a.m. Ouores) (llioo a.m. Quoin) OTTAWA (CP) The na- board has ap- unprccedentcd a.m. Qoo1e3> MIKES V52 Kaiser Resources iinancial aid cut VANCOUVER mc profit taking. Volume of trade Monday in- iuclcd bushels of flax, of rye and of ipcsecd. IID-SESSION PRICES: Flax: Oct. 2 lower 3.12; Nov. i lower 3.0914; Dec. lower Mny Hi lower Raiicsced Vancouver: Sep. nc hanged Nov. I'.j ower Jan. I-U lower March lower 2.5t'.i. Rapesecd Thunder Bay: Oct. lower Nov. 1 lower .40; Dec. not open; May IVi owcr Oats: Oct. unchanged TEH; Dec. lower 70; May lower July not open. Garlcy: Oct. im changed Dec, imchnngcHl 1.2IVi; ,Iny lower 1.2-BB; July un- changed 1.2G. Rye: Oct. a'i lower cc. lower 1.13; May ower l.m'i: July not open. Grain quotes Monday (basis Ihgh Low Close Mai Ocl 3ir. 3I2H ,114 Dec 3M'j nwi May 310 :tll Itane.scerl Scp 2511, i 2S2''i Nov Mar 258 Jcliet Q-jcbec Kerr Addison Key Anncon LahTidcr LaV.c Shore Lanols Silver Madien R.L W.alarlk G.F. Martin Maclnlyre 7S Nu Homos FJev; Alhona Calurnel Hcrie Copper chemccll col Cell Calgary Row Coron Credit C.W.N. Gai Fid Cdn In Cdn Marconi Cdn Vickers Cr.rvLler C P.R. Coir.inco Cons Balh Cons Gas Dlsl Scaqraml j Uom Bridge Domlor i Oom Texlllo Dom Stores Dome Pels Dotasco Cable Grt Ctln Oil Gen Grt Lakes Pp Gulf Ojl Greyhound 30.12V2 Hawker 7.75 Hur t, Erje Imp Oil .05 Imasca 3.00 Int tJkVel 5.1! Int Pipe Grp A Int UMI Ind Accept Laurenllde Kelly Doug A Loeb Loblav; A Mel stores Mocre Corp Molson) A Molsbns B FJorlh cent Power Corp 44.37YJ Price Co 21.00 Rothmans M.w SI. Law Corp lfi.37'A Shell CDA Simpson's 32.W simp Sean 35.00 steel o! Cda 8.SO Selkirk A 1.0V> Texaco 3.95 Traders Grp A Trans Mtn pp 54.75 Trans Cda Pp. Union Gas 11.50 Unloo Oil Versallla Miff. We steel S.OO Union Car 7J.75 ton's B Woodward's A 78 50 West can seed 16.37'A Elec 1675 BANKS Imp Montreal Scolla 29.35 23-25 7.50 78.50 15.75 35.50 23.00 3.50 32.00 36.75 27.00 33.621'] 27.75 9.62'A J2.M 21.25 13.75 7.75 3.80 13.25 6.00 12.25 37.M 33.CO li.fi2Vi 39.50 Tor-Dom SI.H'A 17.11V3 30.W 39.50 10.50 21.75 20.tO 3B.50 38.75 75.75 54.00 19.25 7.00 20.50 18.W 3J.7S 29. i.W) 3.15 20.75 39.7S 3-i.OO 34.C-J mergy-export project involving lie iMlitically-sensitlve issues of pollution, employment and Canada-US, relations. The board released its report Monday approving electricity exports by the New Brunswiclc Electric Power Commission to Maine power companies over ihe next 14 years. The federal (ward's findings, but publica- tion of the report Is a sign that the cabinet has approved the report. The power to be exporlei would come from a generating station to be built a Lorneville, N.B., planned silc o a deep-water port. The gener ating plants v.ould use foreign oil to create electricity, thus in- creasing chances that the deep- water port will be built. The board noted that this was the first application it had ever received for a power export from generating facilities to he constructed partially for an ex- port market. Previous exports have been from facilities built almost exclusively for the Ca- nadian market. In its appraisal of the impact of the project on the environ- ment, the board noted evidence from Ihe exporter that the gen- erating plant would emit tons a year of sulphur oxides, nitrogen oxides and p articu- lates into the air, while tho U.S.-Canada energy relations and whether Canada should de- velop its energy-producing ca- pacity for itself alone or for the U.S. It based its judgment on tra- ditional criteria: the power la surplus to Canadian needs, the selling price of 10.27 mills a kil- owatt-hour Is enough to cover Canadian costs, the price Is not below that of New Brunswick prices and it is not materially less than prices (or alternative kilowatts of firm jower to be received by the tfew Brunswick power commis- sion for redrslivery to Maine :'ublic Service Co. and Eastern Uaine Electric Co-operativo Inc. power in the U.S. The export licences provide for exports of: maximum kilo- watts of firm power lo Maine Electric Power Company Inc. from 1976 to 1986; maximum 876 million kil- owatt-hours a year o! inter ruptiblq energy to ME PC from 1976 to 1985, and a maximum million kilowatt-hours in 1986; Facilities to be built for the export project include three generators at Lorneville and two 345-kilovolt transmission lines, each 80 miles long, from Lorneville to Keswick. The power commission said lhat without the export, it would only build one owatt and one generator at Lornevllle, plus smaller ones at Dalhousie and Courtney Day. The larger generators would save money by being more ef- ficient and would be a greater asset when the exports ended, the commission said. and Pratt and Whitney Aircraft, a division of United Aircraft Corporate. The pcwer plant, which pro- duces electricity directly from natural gas and air via a chem- ical process, was Installed by Canadian Western Natural Gas Company Ltd. a member of TARGET an is one of 60 in- stallations under test in Canada and the U.S. The multi-million dollar re- search program calls for TAH- GET members to test the fuel cell under a wide variety o{ conditions in 37 locations. The power plants will supply power for the full range of electrical loads in apartment buildings, offices, banks, light industrial buildings and single family homes. A. J. L. Fisher, general man- ager of Canadian Western, said the plant being used in the gas company's demonstration is ao experimental model developed by Pratt and Whitney Aircraft, who supplied the fuel cells that provided onboard electricity ct the Apollo lunar mission space- crafts. "The first of three phases ol the TARGET completed program was successfully in Probe of DREE in Tory plans IVeiu York stocks (Supplied By Richartfson SccarUleR of Canadi) to coast. Speaking at Gen tVioIori Harvester 43 62V) Scars Sid OH cT NJ Texas Gull Texas Co- Wlx Corp 17800 Woolworm 7E West f'.lcc U.S. -Steel Tel Eke TORONTO AVERAGES 103.B7VJ 10 Golds 203.33 olf 1-01 7B.371i 10 Baso Mils 57.10 oil .30 11675 15 West Oils 353 08 up .4S 34.75 Volume YORK AVERAGES 3650 30 Indust 950.54 oil 30 Rails 230.73 nfl .71 ,5 umiiies 110.75 .19 65 Stocks 313.47 olf 1.41 Volume 27.87V> Livestock report Lethbridge Livestock Monday sales hogs. All clasrcs of weancr and feeder hogs met good demand at steady prices. Wcaners 11 lo 23.1 2j Thunder Rnv Oct Nov Dec May Oals Oft Dec May Jly Harlcy Ocl Dec May 2 .My Jtye Oct llec May Jly 251 J.i 248 250Ti 78' .it IH'ii llri's Itfl'a 2ir.3, 240 247 78 113'i UMi !S8 lC.'j 247 240 247'i Si's 82 121 H 12-tti 12fi 112'ft llfi'l I log prices EDMONTON (CT) Aver- age prices to U a.m. provided by tlie Allxrta Hog Producers Marketing Donnl: Kdmoiiton: 35.00, average Monday 35.02. Hod Deer: 35.GO, average Monday 35.119. Calgary; 35.CO, average l.cliiliridnc: N i 1, average Monday l.loydminrfor: Nil, average Monday 35.51. oi-l Mncleod: Nil, nvcrnge Monday 35.93. Grande Prairie: Nil, average Monday 35.14. Fain-lew: Nil, avcr.-ige Mon- day 34.80. Tolal hogs sold to II am IX. Total hogs sold Monday average 35.CG. Sows price 25.55. CinANT SASKATOON (CP> Thi Medical Research Council o Canada has awarded a grant o for a study of drugs re cently developed in the Univcr sity of Saskatchewan's Colleg of Pharmacy. Some of the drugs havo shown to in liihit cancer growth in labora (oiy experiments. Olher i drugs arc diuretic agents, wl increase Uie oulput of urine. 0; light feeders under 100 Ibs 3 to 30; heavy feeders over ISO bs 34 lo 37. All prices per head, jight feeders under 100 Ibs sold rom 29 to per hundred- cooling v.'ater from the plant would he discharged into tho Bay of Fundy at a temperature 28 degrees higher than the wa- ter. But the New Brunswick Power Commission also said most of the air pollution would there was an he carried out to sea or dis- ol operation persed over rural areas, de- pending on the wind, while tho federal fisheries department had attested the cooling water would not damage fish stocks. Beferring to the danger of oil spills from tankers using the Lorneville port, the board said: "No evidence on the subject was given at the hearing, hut the board has no reason to be- lieve that Ihe costs or risks in- herent in the project would sig- nificantly alter its present ap- praisal." MANY JOBS CREATED The board said its studies show that the export project would create man-years of mporary employment and 100 ermanent jobs in New Bruns- ick, plus additional employ- lent elsewhere in Canada. Of the estimated total cost o! 184 million for the generating ant, million would he anadian content. Out of illion more for the trans- nission syslem, million be Canadian content. If the investment were not the board said, "the unds would not be available or investment elsewhere in Ihe province." All in all, the board found, 'the social costs of pollution CHAEILOTTETOWN (CP) Opposition Leader Robert Stanfield said Monday a Pro- gressive Conservative govern- ment would want to conduct an investigation of the whole de- partment of regional economic expansion programs from coast a news confer- vciglil: heavy feeders over 100 >s 22.23 to 20.25 per hundred- veighl; Bred sows 59 to 76 per lead. Butcher hogs sold Mon lay at (lie Lethbridge yards 5.90 base price. Calgary livestock CAUJARY (CP) Receipts Hi the Calgary livestock m.'.r kct to 11 a.m.; head mainly daughter steers am icifers. Trade was mcxlcrati on steers and active on othei lassos. Slaughter steers were 25 li V) cents lower with sales li T3.80, over fin'shed kind: mdcr pressure and discounter ip to Heifers wero steady with over finished kinds dis counted up lo SI. Cows wer scarce but steady. Bulls v.er steady. Choice slaughter steers 32.2, to 33.GO, 31 lo 32, mediim 30 to 31." Choice heifers 30 to 31, goot 29 lo 30. medium 27.75 to 28.75 Good cov.-p 25.75 to 26.50, mod tun to 25.50, canncrs an cullers 19 to 23, Good to 30.50. Replacement catllo w f- r in relatively short supply wit most of the offering slccrs 85 (o 950 pounds and heifers 600 t 700 poriuls. Insufficient sloe calves to establish a markcl. (iood feeder steers mor than 750 pou.ids M lo 38. Cow feeder heifers 31 to 34.SO. Hogs base price 35.60. ence here Mr. said there was an "ad hoc" method in DREE and many" projects often do not re- flect the priorities of the area involved. He said the program has cost loo much and shown too little in the way of results. A Con- servative administration woulc separate the infrastructure anc industrial incentive aspects of the program and then co-ordi- nate them to better serve the needs and priorities of the lo- cality. He suggested the program be decentralized, adding that an other aspect that concerned him was the growing unwilling ness of the righer parts of th country lo support the ex pendilure of tax money wit! apparent lack of results. He said that in 1968, Prim Minister Trideau started ou with what was to have been "just society." the Oppo- sition leader said, it has be come "Mr. Tnidcau's sccre society." He said the public Is havin Increasing difficulty in findin ut what Is going on in govern- ,ent. For example, he said, "we nd that the unemployment in- irar.ce fund is million in ebl" yet manpower minister ryce Mackasey acts as If. the ublic is not supposed to be oncemed nbout this. Oil companies win says NDPer VANCOUVER (CP) The proposed Alaska oil pipeline and :he west coast tanker route bat- tle has already been won by the oil companies, a New Demo- cratic Parly candidate says. Speaking at an all candi- dates meeting held in the two- seat East Vancouver riding, Alex MacDonald said the oil companies have already spent said Mr. Fisher at official opening ceremonies. "It explored the technical and economic aspects of fuel cell energy service and established the requirements that would have to be met for the various potential applications in the market. "Phase II, now in progress, Involves the continued research and the production of a number of experimental fuel cell power plants for field testing. If Phase II proves to be successlul, Phase III could become a real- ity. The introduction of the fuel cell power plant Into the mar- ket place." Canadian Western joined the 32 other utilities in the org- anization late in 1971. While the power plants are not yet available commercial- ly, their potential benefits seem to indicate the inevitability of their use on a large scale. The fuel cell being tested In Calgary uses air and natural gas to generate electricity elec- tronically. It operates quietly and emits a clean exhaust con- sisting primarily of carbon di- oxide and water vapor. The exhaust emitted by simi- lar units indicates emissions are 100 times cleaner than Uiat of coal-fired steam-electric gen- erating unils producing an equivalent amount of electric energy. Also, thermal pollution from the units are minimal. The fuel cell power plants millions to lay pipe from hoe bay, the pipe has been bought, 'the Cherry Point refin- ery created and Uie ships or- dered. "The rest Is he said. also otfer high efficiency over a full range of electric loads and will deliver more electri- city per cubic foot of natural gas than any other system In general use. Tliey are considered by some experts as being an excellent means of conserving natural gas fuels. MANY MILES National parks in Canada cover approximately square miles. Beef futures WINNIPEG (CP) Live beef futures close Monday. Sep _ 34.00A; Nov 34.20N; Jan. 34.75N; May 33.20N. Friday's tracts. volume: No con- vould be small in comparison vilh Ihe direct tanefits of the >roject." "They would be even smaller n comparison with the total icncfil-s, including the indirect economic benefits to Canada in :hc form of additional employ- in e n t and cflpilal ex- penditures." In assessing the economics o! export project, the board found there would be a net ad- vantage lo (he power commis- sion of million. This would cut to million if the nevillo deep-water plant were nol approved. The report also ijicludod a gentle rccommendalion that New Brunswick and Nova Scotia coordinate their electric power systems more. Tho hoard said lhat if two prov- inces "wero to choose tho course of more fully intcgralcci planning of Ihcir power supply facilities, il would seem Hint considerable economic licnefils would inure lo Irath provinces." The assessment of a ?25-mil- lion net benefit was also based on "the existing degree of co- ordination between the Now Brunswick ancS Nova Scotia utilities." The board accepted the com- mission's estimate of its rate of relnrn on capilal investment in the export facilities as 12.1 to 1S.5 per cent, depending on pos- sible plant values in 1936. Although the project involves construction for (lie first lime of generating facilities for ex- port purposes, Ihe Iward did nol discuss Ihe broad issuo of CGA" MAKES THE DIFFERENCE woman designed as a Certified General Accountant has a fulure. CGA students are drawn from among persons who in all Jon, or olfcrs The man or well-assured presently have an involvement in accounting, aspects of Iinancial management rewards them with the CGA nrepa es them for advancement with Iheir present employe "hern new and betler opporlunilies with other orgamzahons. Ynn can make vour own good news on the job scene, now and in .ne by Training as a Cerlified General Accountant. Ask for enrol- ment information: THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION PRAIRIE REGION 760, 404-6lh Ave, S.W.Calgary Telephone 262-9222 ;