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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 3, 1971, Lethbridge, Alberta bocember 1971 THE HHA1C 27 Gold is dull in bright trade TORONTO CP Gold is sues moved moderately lower while prices in all other major sectors of the Toronto stock market headed into their sev enth consecutive advance in ac tive midmorning trading The industrial index was ahead to base metals 24 to and western oils to Golds were down to Volume by 11 was 621 000 up from by the same time Advances outnumbered de clines 132 to 93 with 172 issues Real food processing and industrial min ing issues posted moderate ad vances as 13 of the industrial in dexs 17 subgroups moved com munications and chemical sues edged fractionally Trading resumed in shares of Gordon Mackay and Stores following a trading halt earlier in the The company is the subject of a takeover bid by Walker and Peoples De p a r t m e nt Gordon Mackay B was up 5Vi to and Peoples 1 to More rose to Aash land Oil Hi to Hanger to Falconbridge to Home A to and Supertest ordinary to CP dropped to Hudsons Bay to Cassiar to and Abitibi to On the Canadian Belgium Standard advanced 1 to AngloPermanent to and Sintra to International slipped tO NEW YORK AP Stock market pries gains continued to mount for the seventh consecu tive session in todays moderate The noon Dow Jones average of 30 industrial stocks rose to Granby at Alcan at Dome Vi at Mc intyre 14 at Canadian Pa cific i at and Inco at Among ias 51i Supplied by noadhouse and McCuaig LAST BID OK SALE Quotes IM WESTERN OILS Alminex Aita Cast Gas Asamera Ashland QP Oil Gas Can South Cdn Ex Gas Cdn Homestd can Home Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chletlan Dome Pete Dynamic Pete Gt Plains Gt Cdn Oil Lcchiel Mill City Mow Cont North Cdn Oil Numac Pan Cdn Pete Pan Ocean Permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Selbens Total Ulster West Decalta West Pete Hud Bay Oil Mutual Ac 555 Hud Bay 01 Pfd Mutual Gr F 575 Huah Russell Nat Res ls7S Husky Oil It Husky Oil B Husky on vVf Inter Prov Pipe Inter Prov Steel Kaiser Rcs 5 10 Lake Dufault Manage Pole Pacifi Teledyne West Cdn Seed White Yukon aq CALGARY Acroll Barons Oil 03 Madison North Cont West Warner PIPELINE STOCKS Alta Gas Tr L A Alia Gas Tr L Pld Alta Nat Gas Inland Nat Gas N and N and N W Fin N W Gr Principal Royfund Temp Gr United Ac Universal 5av Vanguard VANCOUVER MINES Tax bill is now assured of passage by Christmas Anuk Pacific Gas Ga Meti Arclic Mining Atlas Explor Balh Norse Brcnda Churchill Copper Croyden Dankoe Dolly Varden Dynasly Fort Reliance Giant Mascot Granisle Kamloops Copper Gas Lorncx Pfd Lytion Minerals o Gsz Metro Pfd A Tr fdn PP B Tr Cdn P P A Primer Py lid Silver Standnrd Troan Valley Copper Pfd MONTREAL CP Banks led the advance as prices climbed lugher in light morning trading on the Montreal stock market Combined volume on the Montreal and Canadian stock exchanges at 11 was compared with at the same lime Thurs On banks advanced to the composite to papers to and industrials to Utilities slipped to On the Montreal Moore rose ls to Wcstcoast Petroleum Va to Falcon bridge to Peoples De partment Stores to Na tional Trust to and Price 4 to Noramda dropped to Border Chemical z to Vi to Interpro vincial Pipe Line to 528Vs and ScottLaSalle i to Livestock Lethbridge Livestock Supplied by Canada Department of Agriculture On offer Thursday 98 cattle and 450 121 Receipts mostly cows and re placement Trade Ths few good and choice steers heifers on offer met good demand at steady All classes of cows met good de mand prices 25 cents higher with heifrey kinds to Medium and good stacker and feeder cattle selling at strong Good steers to medium to Canners and cutters 17 to Butcher hogs sold Thursday Lethbridge to base Calgary livestock CALGARY CP Receipts on the Calgary livestock mar ket to 11 about head mostly replacement cat tle and stock Trade was strong on an ac tive Slaughter cattle offered were mostly cows and bulls at prices steady with Thursdays Good slaughter cow to medium to can ners and cutters 17 to Good bulls to Replacement cattle were mainly yearling steers weighing mere than 800 pounds and sell ing at strong prices through a narrow price Feeder fe males were s t e a St calves were mostly from 450 to 500 pounds and sold MISCELLANEOUS INDUSTRIES Aquataine Brinco Cdn Brew A Cdn Brew B Cdn Pacific InV Ind Cygnus A Cyqnus B Censor Home A Home B Hud Bay Co MUTUAL FUNDS Black Bros All Cdn Com Sugar All Cdn Divid Sugar All Cdn Vent Capt Inter Amr Gr F Crestbrook F Ind AGF Special Growers B i3f Cdn In F Key Indusf Col Mutual Hys Cmm Inler Interior Brew Cmnw Lfiv Inter Mariner Corn Invent Okanaqan Helicop Corn In St F Pac W Air Drnyfus F Stampede Intl Res In Shares OILS Equity Albany Oils Plains Pete 3150 G G Invest Mutual 1U Western Explor By GEIUHD McNEIL OTTAWA CP The govern ment guillotine dropped Thurs assuring passage of its massive tax hill by Christmas but leaving Parliament in an uncertain The House voted 121 to 80 in favor of a motion to close com mittceofthewhole discussion next which would mark 44 days of 32 in itembyitem committee A similar lime limit may placed on thirdreading debate and Commons passage of he 707page overhaul of the tax laws may come as early as while the Senate deals with the the Commons will debate a further tax bill to im plement incometax cuts intro duced M by Finance Minis ter Parliament could be in ses sion Christmas even with the time to pass the bills that are designed to come into effect The new laws will mean that hundreds of thousands of low Toronto industrials Supplied By Richardson Securities of Canada LAST BID OR SALE STEAM ENGINEERS Shift steam engineers required for work at plants located in Central and Southern Applicants should hold an Alberta Second Class Steam Please reply in confidence with a summary of work and salary history to GULF OIL CANADA Box LETHBRIDGE COMMUNITY COLLEGE PRESENTS WINTER MAGIC SEMI FORMAL DANCE Buffet luncheon at midnight DECEMBER 4th In the 4H Building Exhibition Grounds Tickets sold at and the Lethbridge Community College Students Council ICC AND INVITED GUESTS ONLY Q MINES Acme Advocate Ahaitcho Bralorne Broulan Bethlehem Canada Central Chimo Conwest Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn DElrJona Dome Mines Dona Ida Discovery Mine East MalarJic East Sulllan Frobex iiotesJ First Giant Granduc Headway Hollinger Hudson Bay MS Hydra Iron Bay Iso Kerr AdtUson Key Anacon Labrador Lake Shore Langis Silver AAadsen Malartic GF Martin McNeelj Maclntyre Met a Midrim Intern Mogul New West Home New Athona New Calumet Horse Copper Norands Northgate 20V AS 3 Quoles Quoles Norle Opemtska Osisko Patino Pine Point Placer Quebec Man Rayrock Radiore Rio Algom Roman Sherritt Gordon Silver Miller Steep Roik Tek Texmont Upper Canada Western Mines Wrigh Hargreaves WiHroy Windfall 08 Bear 1550 1337V pt Zeni INDUSTRIALS Abiiibi Alcan Algoma Sleei Alcn Ind Allan Sugar Agra Indusl Bctl Tel Brazil Trac Tel Burns Forest Sugar Bow Valley CAE Ind Cdn Brew Chemcell Col Cellulose Cal Power Ccron Credit Gas Cdn Indusf Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bth Cons Gas Dist Sea Dom Bridge Domtar Dom Textile 17 Vi 285 i Dom Stores Dome Pete Dofasco CAB Fd cf Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Erie Hiram Walk Imperial Oil Imasca Int Nickel Int Pipe Inv Go A Int Utilities Indusl Acce I aurontide Kelly Doug A Loeh Lob A Metro Sores Maascv Ferg McMillan Bloe Moore Corp Molsons A Molscns B Cent Power Copr Price Co Rothmans st Law Corp Shell CDA Simpsons Simp Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Gin Pp Unio Gas Union Oil Versatile Mfg Westeel Union Car Westerns B Woodwards A West Ccfn 5d Zenith Elec BANKS Can Imperial Montreal Vi U5 29 50 23 00 DO Grain prices Winnipeg Grain WINNIPEG CP All com modities were barely active ui an extremely light trade at midsession on Ui3 Winnipeg Grain Exchange Volume of trade Thursday was bushels of 000 of rapeseed and of MIDSESSION Flax B higher May i higher July Vi higher Rapeseed Vancouver i lower March un changed June Vi higher Rapeseed Thunder Bay unchanged May higher July not Oafs unchanged May unchanged July not Barley ij higher May unchanged July not Rye unchanged May higher July not WINNIPEG CP Grain quotes Thursday basis Lake Low Close Nc i Scotic New York stocks Supplied By Richardson Securities of Canada I Amr T find T 41 62Vi Sears 9U5 20 Golds off Sd Oil of 10 Base Mel up Steel 2600 Texas Gull 15 W Oils up Chrysler 2B 00 Texas Co Volume Comsat 5975 Wlckes Corp NEW YORK AVERAGES ninonl Woolworfh 30 Indus up GMM WestinghDUSe Elec 20 Rails up Gulf 2650 Steel 15 Utilities 1115 up TORONTO AVERAGES 65 Stocks 29520 up High Flax Dec 235 May 245 Jly 247s Itapesced Vancouver Jan 263 Mar 2Cfi 264 June 2643s 262T4 Ilapesfced Tliunder Bay Dec 234 i 244 246 264 Vi Kenn cooper Montgomery Ward 20 Indus up Volume Hog prices EDMONTON CP Aver age prices to 11 provided by Uis Albsrta Hog Producers Marketing Board Edmonton No sales aver age Thursday Red Deer No sales Aver age Thursday Calgary No sales Average Thursday Letlibridge No sales aver age Thursday Lloydminster No sales av erage Thursday Grande Prairie No sales average Thursday Total hogs sold average av erage j May Jly Oats Dec 64sii May Jly Barley Dec lOOH May Jly Rye Dec May Jly 94 253i 104 253ls 253 wage earners no longer will pay income those in slightly high brackets will pay the rich will lace a capital gains tax for the first and busi nesses and corporations will face a blizzard of new tax Prime Minister Trudeau was to cut short a Toronto visit In be in the House today al 11 EST for the question A spokesman said the reason was the situation in the which became unpredictable Government House Leader Allan MacEachen defended the saying all the main points of the massive bill have been debated during eight solid weeks of parliamentary Transport Minister Don Jamieson said the snails pace of debate so which 191 of the 707 pages have been studied it would have taken another nine months lo pass the That is too long lo wait in in dEcision in this country on such an important SAYS EXPERTS STUIMPED Conservative Leader Robert Stanfield said tax experts were buffaloed by the bill even before the government brought in more than ISO amendments this More are to be presented be fore Wednesday on the taxation of cooperatives and credit un Those measures have been sharply criticized by MPs of all despite two revisions in If this bill is passed in its present any one engaged in any kind of active life in this country will need a tax expert at his elbow all trie Slanfield House veteran Stanley Knowles North Centre predicted fu rore and ill will would result trom the government SPEAKER CRACKS DOWN7 By days the prophecy was being Speaker Lu cien after a testy question threatened at one point to adjourn the House if order wasnt Outside the Knowles said Its a strange way to back into the Christmas Isnt it By the time this is this Parliament wont have the au thority it oughl to A brisk twohour debate prior to the vote was marked by a constant crossfire of jibes and as some of Parliaments finest orators delivered their views in 10minute TRUDEAU SILENT Prime Minister Trudeau sat through it but did not ex cept to flick remarks across the green carpet that separates gov ernment and He grinned as former prime minis ter John Diefenbaker taunted The 76yearold Diefenba ker compared Trudeau to the medieval Ital ian political adviser known for his the next said Diefenbaker seemed to be speaking abou himself when he mentioned Ma chiavellis The 121toNO vote found New Democrats Max Saltsman Wa terloo and Andrew Brewin To ronto Greenwood voting with 119 Opposed were 14 New Demo crats and 10 Social Credit mem Standing in the 204scat Com mons Liberal Conservative New Democrat Social Credit Independent Liberal Independent vacant MACDONAIJ SECONDER MacEachens motion to invoke Rule designed to allow government to limit de bate when parties are unable to reach an agreement among was seconded by Defence Minister Donald Mac who had lo use closure Rule House leader in 1969 to get the Rule 75C Moving that the committee stage of the 332itcra tax which is four inches be completed next 101 FUNDS FOR ELK EDMONTON CP The collection of funds to move elk from Albertas national park is picking up quite a spokesman for the Alberta Fish and Game Association said The campaign to raise funds to move the elk began because they are de stroying their own habitat in tte Named Salesman of the Month Beny Chevrolet Olclsmobile is pleased lo announce that Jack Wyatt has achieved the honor of SALESMAN OF TOE MONTH for the month of Jack has had a wealth of experience in Uie sales field in the auto mobile He welcomes his many friends and cus tomers to see him for their every motoring He will be pleased lo assist them in any BENY CHEVROLET OtDSMOBIlE OK SUPERMARKET CAR IOT Phoni 3273141 SURVEYOR Land development operating in requires an Alberta Land Surveyor to organize and head a new legal survey This position offers an excellent Applications are invited from experienced and newly licenced Reply In Strict Confidence To Box 96 WANTED 2 Positive Thinking Salesmen Who are not afraid of hard work in a growing Potcnlial All company FOR APPOINTMENT CONTACT ERNIE KOVACS SIDORSKYS MOBILE HOMES Beef futures WINNIPEG beef futures close March May Wednesdays volume no con I MacEachen said to postpone de i cision would be to lend weight j to criticism that Parliament I was incapable of acting effec tively and setting the op position said Mac Kaclicn had vastly exaggerated the1 time Ihe opposition has had to study the It was intricate legislation and with the fall amendments no one really understood Five provinces had asked postponement of its implemen tation and Parliament had no idea what arrangements would be worked out with provinces on estate taxes and succession CANT FORECAST We do not know what kind of tax jungle is going to arise out of the stubborn persistence of this government in bulling NDP Leader David Lewis said another month or two was needed to deal adequately with the The government was arrogant in setting a time Money earns safe interest in a Lombard North Central Deposit Account A Bank Deposit Account with Lombard North Central provides a good rale of with complete safety for your capital leading to financial peace of Deposits at 6 months notice cf withdrawal can earn 6 interest per ami but you can withdraw up to on demand during each calendar VQarInterest is paid halfyearly without deduction of TIME DEPOSIT ACCOUNTS Deposits of and over can earn higher rates of interest for fixed Details are available on Opening an Account is 1 to the General Manager for furtherdetailsandacopyof Deposit Account Booklet On Octoher in London by special Actoi Parlia ment the business of curtain companies in the Lombard Banking and North Central Finance Groups all wholly owned subsidiaries of National West minster Bank Limited was transferred to Lombard Banking which ai on enlarged end strengthened com pany then changed its name lo Lombard North Central No action is required by any existing Depositors or Customers whoso rights ere presetved intact end completely Lombard North Central LIMITED Head Offico Lombard Cunon A1 Tel 01 499 4111 CJiv Office 31 Lombard London EC1 Lombard North Central Llmitedlss memborof the National Bank Group whose Capitol and Reserve exceed 60day potato India Reuter Tlie central poLito research in stiliitc has developed a high yield variety which matures in GO days compared with about 100 days for other By Gene Fawcette IT HAS NOW BEEN SHOWN THAT CHIMPS AND ORANGU TANS HAVE THOUGHT PRO CESSES NECESSARY FOR SPEECH ANP IN APES SUCCESSFULLY MATCHED OBJECTS WITH PHOTOGRAPHS OF THE IDENTICAL OBJECT 7S OF THE ITWASt TffCAL HANDLE SUCH SECOND CLASS STEAM ENGINEER PACIFIC BOX 6666 Required for the operation of a Power House and related operating equipment at our Empress Gas Plant situated 60 miles north of Medicine Al The successful applicant must hold or be eligible to obtain an Alberta 2nd Class Steam En gineers This position is shift work on a fortyhour per week An excellent benefit program is offered and Company housing available for a married Reply in confidence to Employee Relations PACIFIC PETROLEUMS Box CALGARY PETROLEUMS LTD ALBERTA TAX SHELTER PHYSICIANS DENTISTS We will buy your present equipment tit full original value nnd lease Think what you could do with the money you have tied up in your PROFESSIONAL SUPPLIERS AND ALLIED TRADE REPRESENTATIVES THIS OFFER IS WORTH INVESTIGATION TODAY Phone 3285037 LETHBRIDGE or DRUMHELLER DAY OR NIGHT MONARCH LEASING 1006 Board of Trade Towor 1177 Hastings Vancouver All REPLIES HELD IN STRICT CONFIDENCE ;