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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 30, 1971, Lethbridge, Alberta Markc at mi Wr-t Ppte 10 12' j Ail Cdn Com S.22 B.9B B.C. Sugar Pfd 17.03 MISCFLLANFOUS All Can D vi 9.17 10.02 Cap Infer 6.12'A iNnmTRlF? All Cdn Vent 3.63 3.96 Crest Forest Ind 3.70 A 9Jrn Amcr Gr Fd 6-32 6.94 Grower's Z 160 Aquata.ne 24.GO AGR s 3 05 Key ,ndustries .22 S A Jm Cdn "lnv Fund 4'71 Hvs 2'EO Cdn Brew A 32.CO c 6ils 6.79 Inter Brew 3.EO Cdn Brew B 36.00 rnnim Inter 13.4-1 14.77 Inter Mariner .6! Cdn Pacific tnv 23. On comm Lever 3.49 3.84 Ok Helicopter Crowsnest Ind 28.00 corp 5.58 6.10 Pac West Atr 13.12V: Cygnus A 5.75 Corp In SI Fd J.63 5.28 Stam Inl'l Res .75 Cygnus B 5.87V'i Drey Fd U.S. 12.53 13.73 OILS Genstar Gr In Shares 3.J5 3.30 Albany Oils .45 Home A 32.25 fir Equity 6.33 6.95 Plains Pete .29 Home 3 32.50 lnv Gr Fund It. IS 12.22 West Explor .12 Toronto industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) a.m. ijuoies) a.m. Quotes) MINES Opemiska 8.25 Dome Pete 54.00 Acme .22' i Osisko .27 Oofaseo 2J.25 Advocate Asb. 1.60 Pine Point 24.25 Fd of Am er 70.00 Akallcho 33 Placer Dev. 26.CO Gt Cdn Oil 5.15 Bralorne 1.70 P.C. Exp. .53 Gen Motors 60.25 Broulan .11 v2 Quebec Man Gt Lakes Ppa 17.50 Bethlehem 17 Rayrock 1.10 Gulf Oil Cda Brunswick 2.95 Radiore .23 Greyhound Canada lung. 1-55 Rio Algom 15.00 Hawker Sid 3.dO Cossiar 2fl.OO Roman Corp. 6.0" Huron, Erie 3-S-25 Central Pat 1 70 SherriU Gordon Hiram Walk Chimo 1.10 Silver Miller .O.iW Imperial Oil 31.50 Conwest 775 Steep Rock 2.26 Imperial Tob Cons. Rambler 1.50 Texmont .37 Inf Nickel 32.50 Coin Lake .26 Upper Canada 1.65 Int Pipe 29.37'Xj Coctienour 19 Western M nes 2.50 lnv Gp A 7.62Vi Craigmont 7.05 Wripht Hergreaves t.15 Int Utilities Dickcnson Mine .75 Willroy .73 IncJust Accepl Denison Mines 25.00 Windfall .MV4 Laurenfirfe 10.00 Deer Hern .03 Yellowknite Bear 4.15 Kelly Doug A S.50 D'Eldona Zenmac .OSVb Loei) Sr1 "Si INDUSTRIALS Discovery Mines .60 Abitibi 7.37V; A'.assey Ferg 11.37V; East Malartic 90 Alcan !B.37Va McMillan Bloe 26.00 East Sullivan 7-67 Algoma Steel 13.25 Moore Corp 3B.12Vi Falconbridge '900 Atco Ind B.87V; Molsons A 19-25 Frouex -35 Allan Sugar 6.50 Molsons B 19.25 First Aqra IncJust 9.25 Norlh, Cent U2S Gianf Y K 675 Bell Tel 46.50 Power Corp S.12V2 Bovis 1 80 Brazil Trac 18.3714 Price Co 7.37Va Granduc E-c- Tet Rolhmans 17.00 Headway R.L. .07 Burns St Corp 20. .'0 Hollinoer 37.00 B.C. Forest 20.67'A Shell CDA 36.75 Hudson Bay M-S 20.50 B.C. Sugar 19.00 Sfeel ot Can 2S.t2Vi Hydra Ex. .IfiVs CAE Ind J.65 Selkirk A 16.75 Iron Bay 3.10 Cdn Brew 7.12', 2 "Texaco 34.00 i 31 Cherrcnil Traders Gp A Jolict Quebec .IS Cal Power 26.75 Tran. Pp 20.25 Ker-1 Atldison 7 1'5 Coron Credit 1.25 Trans Can Pp 36.00 Key' Annccn 25 GES 11.25 Union Gas 14.75 La'Todcr 3600 Ccin Indus! li.OO Union Oil Lake Shore 2.30 Canada S S Versatile Mfg 3.50 Macl-tn R L. .61 Cdn Merccn 2.85 Westcei 15.25 A'alartic G F .55 Cdn Victors 9.37'A Woodward's A 25.00 Martin McNeely 05 Vi Chrysler 29.25 West Cdn Sd -UO Maclntyre Cominco 22.50 Zenith Elec 2.JO Mela .i' Cons Gas 19.371 2 BANKS Mldrim Jl DiSt Sea 30.37Vr imrprl.i 35071.-. Inter Mogul 7.50 Dom BricJg8 22.50 Can Imperial .87., New Athena -1C': Domlar 1225 Montreal 18..0 KSialumtl -tlortngale i65 Dom Stores H.75 Tor-Dom J9.SO New York stocks (Sunplipd By Richardson Securities of Canada) Amr T and T J5.00 Kenn Copper 2a.HO TORONTO AVERAGES Anaconda 15.25 Mont Ward 31.00 20 Ind 181.51 oil .92 B-th SIcBl 29.00 Sears 103.00 20 Golds 139.85 off 1.92 Clirvslcr 29 '5 Std Oil of N.J. 73.75 10 Base Met 77.8B olf .21 romsM 66 25 Texas Gull 14.00 15 West Oils 214.99 off M Texas Co 34.03 YORK AVERAGES Gen 80.25 Woolworlh 30 Gulf 25.00 West Eleclr c -15.00 1S ,13 Int Harvester 29.DO U.S. Steel 30.00 65 Stocks 308.53 off ei tr under al By PAUL JACKSON Herald Ottawa Bureau OTTAWA The much maligned wheat board minister Otto Lang has been coming under increasing attack by opposition members in the House of Commons hi recent days. This time the subject of hca -ed questioning is the grain handling and travsportation rationalization slidy. Opoositioi members feel Mr. Lang is being far loo qu. about it. The wheat Ixiard minister says he doesn't want to conduct the various stages of the study in the public arena. The feeling is that the subject would become far too controversial if every little passing comment or suggestion was allowed to be discussed or attacked piecemeal. Opposition critics, especially those from farm ridings, feel that something shady is going on. Foremost in theL minds is the suspicion that the government is going to streamline the grain handling and transportation system without regard to the farmers' needs and conveniences, or that a deal is gomg to be made that will allow the railroads to carry out a plan of wholesale abandonment of elevator and small community branchlines. Mr. Lang, member for Sask-atoon-Humboldt, has denied collusion with anyone. He says the government has no master plan for radically changing the grain handling and transportation system. And he has said nothing whatever will be done unless it brings obvious advantages to the farmer. But Mr. Lang's assurances mean nothing to people such as Saskatchewan MPs John Ko-berg (NDP Moose John Bui-ton (NDP Regina East) and to a lesser extent some Progressive Conservative m e m-bers from the west. They have been demanding to know what exactly is going on. Only this week, Mr. Skoberg anj Mr. Burton tackled the wheat board minister in the Commons, demanding to know when MPs and farmers would receive copies of the studies. Thsy say that if provincial government officials and railroad company executives can see the confidential documents then surely the farmer has the right to take a look. Mr, Lang has refused to release the documents. And lie has had some sharp words to say about people like Mr. Skoberg who hs says introduces distortions into his comments lo the point of irresponsibility. The wheat board minister says his aim is to avoid conflict and petty politics and lo work quietly with various parties for the good of the farmer. Nevertheless, there already is considerable controversy deve -oping over what will be the end results of the study. It is being co-ordinated by the organization set up by the wheat board minister in 1969 to help him get at a number of problems facing the grain industry in Canada. The idea behind the study or scries of studies, as Mr. Lang's departmenl describes them is to assess whether the west's grain handling and transportation facilities are working as efficiently and as economically as possible and what if anything is needed to make sure future needs will be met. To this end a number of investigations have been launched. Railraod company officials have been questioned; so have executives of elevator companies. Farm organizations representatives have been asked for their ttack by w The first tack of thoroughly compiled studies have been released to the railroads, industry representatives a.nd provincia government officials. A spokesman for the grains group who is involved in the study program is careful to stress that none of the reports contain direct recommendations on major changes. He prefers to say they contain "cost analysis" figures on just what people arc getting for their money under Ihe present system and what tlrey might get for it with different methods in force. What is pretty obvious from the studies is that everyone including the farmer would be much better off with a more streamlined and concentrated system. Basically, this means the railroads should be able to tear up many of their branch lines and many if tho smaller elevalor poinls should be closed clown in favor of larger inland terminals. But no one will confirm this. Some elevator and wheat pool officials in the west have ad-milted confidentially and some times not so confidentially that the current system of small community elevators must change. Some farm organizations have been quite "bullish' in their comments about the need for change. But then again, some provincial government officals, such as Ihose in Saskalchewan, have voiced slrong protests against mass closure of branch line and elevators and stressed their determination to see the MPs survival of the smaller community. Ciuuiges mil obviously come but Mr. Lang, still vary after the reaction received by his prairie grains stabilization plan, isn't likely to try to force their., in fact, lie has insisted that the most he will do is to let everyone farm organizations, the grain industry, railroads, provincial governments look at the studies and make their recommendations if Ihey want. Then, if Ihcre is a general agreement that there really is need for a change, his depart ment just might "consider" helping the various fragments to coordinate that change. But above all, Mr. Lang and lis department have stressed, any changes at all must result in direct benefits of one sort or another In the farmer. There can be no changes just to please the railroads or just to please the elevator companies. In fact, to make sure the farmers are taken into full consideration one study currently under way even tries to assess the social impact on the farmers' lives of any changes. It will probably be some months before details of the studies are officially released. Nothing the opposition can do will make Mr. Lang chsnge his mind. And no matter what is said bout the studies containing no actual recommendations, the final report is bound to strike some people as being dynamite. However, thai particular blast could turn out to be for the good of everyone especially the farmers. JLJ BM 3 -if I By Gene M !t 1-11 rices in Toronto wer for session trading as down o 140.10, .95 and in. was ed with e time ed ad-2 issues pipeline, n issues as ]4 of 17 sub-nd mer-ed tO Vi. Pan al' Trust )il to ve cents bto Bank of Scurry-Dome Malta-rose Cable Vi Pa-nd Bank Prices jding on market ost .03 to 82.03 0 155.75, Jie com-3 on the n stock shares at the s, Cana-o nd B.C. to imperial ife to and 10U. Stock mmfest trading d year-turn, average slipped ng lead ew York it-taking typical 's rally prices d Press d 1.1 to off 2.6, Up .2. ics, and Ml other wer. g board Lines off -raft off cade off up 7s at i Regis-xcbange rioming off at Gladding up 1 at Champion Home Builders off Hi at S42 and Equity National off Vi at Among Canadian issues, Mc-Intyre Porcupine gained iVi to S76Vi and Granby Mining was up "a to .International Nickel lost 1 to On the Amex, Canadian Javelin rose !4 to and Scurry Rainbow Oil was lower at NEWTON WOULD BE AMAIEd ELECTRONIC APPLES ARE PRIMPING WTA TO SPEED UP PICKING AMP WCKINS METHODS IN EN9LAND. ABOUT THE SAME SIZE AND WEISHT Of REAL FRUIT, THEY CONTAIN 3-AXIS ACCEL6ROMETERS TO MEASURE BUMPS AND SHAKES DURING PROCESSING.., I m TINY THAMS-Mtrrtffs SENO ONASMQLfSUfr CARRIER FKSQVfNCK 3073 to NEW! CciuidB Widi. report Lethbridge Livestock NOT AVAILABLE AT PRESS TIME TODAY Calgary livestock CALGARY (CP) Receipts on the Calgary livestock market to 11 a.m., about 580 head; mostly replacement cattle and cows. Trade was active. Slaughter steers were steady with tho week's advance; heifers were steady with no strictly choice kinds offered; cows were fully steady. Choice slaughter steers 34.50 to 34.90, good 33.50 to .14.25, medium 32.25 to 33.25. Low choice heifers 32 to 32.40, good 31 to 32, medium 29 to 30.75. Good cows 23.50 lo 24.50, medium 21.75 to 23.25, canners and cutters 19 to 21.50. Good bulls 23 to 25. Replace ment cattle were mainly heavy, short-keep steers weighing more than 900 pounds and heifers more than SCO pounds. Pi-ices were fully steady. No stock calves were offered. Good feeder steers 34 to 35.70, good feeder heifers 30 to 32.50. Good stock and feeder COW'S 21 tO 25. Hogs base price 24.45. The market will be closed Monday Jan. 3, but the usual facilities for handling livestock will be in prices Winnipeg Grain WINNIPEG (CP) Rape-seed prices dropped as much as four cents below previous close levels at session on the Winnipeg Grain Exchange today. Local and c o m m i s s ion houses were active traders in that commodity. Liquidation of January futures also pushed prices down. Voiumne of trade Wednesday was bushels flax, 4.639.000 of rapeseed and of rye. MID-SESSION Flax: Dec. Vi lower 2.39UB, Mav unchanged July higher Rapeseed Vancouver: Jan. lower March lower 2.59ViA, June 4 lower 2.4H1A. Rapeseed Thunder Bay: Dec. lower May 2Vi lower 2.33A, July 4V4 lower Oats: Dec. V4 higher 63V4B, May Vi lower 67VsB, July Vi higher Barley: Dec. lower May higher Julj not open. Rye: Dec. 1 lower 93Va, May vs lower July lower Grain quotes Wednesday (basis H'gh Low Close Flax Dec 239 239'i May 248Vi 245VJ Jly 249'.i) 248 Vi Kapeseetl Vancouver Jan 233 Mar 243 June 250 2t6 Rapeseed Thunder Bav Dec 233 May 239 237 Jlv 238 Oats Dec 63 's C3 C3'i May 67'i 67 67V Jly 67Te 673i 67? i Barley Dec ioavi i063.4 Mav 108'i Jlv live Dec May lOOVi lOOVa Jly has in oil pi VANCOUVER (CP) A 90-foot submarine, mothballed s nee it was used for underwater sightseeing tours on Lake Geneva during the Swiss National Exposition in 19W, has arrived here to be used in offshore exploration for oil and minerals. The Auguste Piccard, buiil in Switzerland for famed ocsanog-rapher Dr. Jacques Piccard, was acquired" by Hyco Mari-ime Explorations Ltd. of North Vancouver. It has arrived aboard a freighter and will be refitted before undergoing tests, Don Morecornbe. a New York engineer and general manager of Hyco, says. "We must firsl demonstrate its he said, "we hope to use it commercially eventually in offshore exploration work for minerals and oil. "It also holds possibilities for salvage work." Tli3 submarine is designed to reach a depth of feet and is driven by electric batteries which require outside charging. Mr. Morecornbe said he believes it is (lie largest civilian submarine in the world. It has room for 40 passenger in airplane-style accommodation. Premier W. A. C. Bennett commented on the uses of such submarines when he met Dr. Piccard in 1987 in Miami, where the scientist wras dem- robe onstrating a similar submarine. "It is ray belief that B.C. may and has, greater resources on the continental than sire has above the water the premier said at the time. "We're going lo give more thoughl to this whale question of underwater resource exploration and oceanography." the Profile of Protection ON YOUR AUTOMOBILE ,_ SAPECO INSURANCE C. E. FORSIER JFORSTER AGENCY ban upheld BUFFALO, N.Y. (AP) Erie County's law banning the sale and use of phosphate detergents as of Jan. 1 was upheld in state Supreme Court here. Denying Colgate-Palmolive Co. an injunction against enforcement of (lie statute, Justice Joseph F. Kuszynsto ruled there was no evidence to suggest that str.te legislators wanted to overturn the county law when they passed a similar statewide ban that will not take effect until June 1, 1973. The county legislature passed a law last March containing a two-stage restriction on phosphates. The first phase of the law banned as of April 30 detergents containing more than 8.7 per cent phosphate. The second phase, scheduled for the new year, bans phosphate detergents entirely. Tile judge also ruled the county law does not interfere with interstate commerce, as the soap company charged, since it "involves nothing more than the changing of producion facilities at the point of origin." He added "the fact that the other detergent supplies will he able U> comply is indicative of the fact that the burden im-wsed is not an unreasonable one." Signs in some Buffalo supermarkets Monday warned shoppers their favorite brands may no longer be available because of the insi sales eli TORONTO (CP) Life insurance sales in Canada in 1971 increased by billion over 1970. J. A. Rliind, first vice-president of the Canadian Life Insurance Association says in his year-end report and forecast. Sales went to SIB. 11 billion this year from SM.2-17 billion in 1970, and Jlr. Hhind's report credits the rise in large part to the increase in group life insurance sales. While final figures arc not yet abulaled. group life insurance sales were estimated to be S7.5 billion, up -10 per cent over the figure of S5.22.1 billion. Individual policy sales increased by three per cent to billion in 1971 fro m last year's figure of billion. the reasons for this large increase in group sales are not clear, Mr. Rbind says nib seems to be part of a continuing trend by unions, professional associations and employers to improve workers' benefits. As a result of these record sales, the amount of life insurance in force per household increased to about in 1971 from in in polls PARIS (Renter) President Georges Pompidou's popularity has dropped slightly in the last month despite the boost to his prestige following his Azores summit meeting with President Nixon, a public opinion poll shows. The poll, carried out by the French Public Opinion Institute for (Jie n e w s p a p e. r, Prance Soir, showed that 63 per cent of people were satisfied with Pompidou, compared with 66 per cent a month Ave. S. Ph. 327-2793 OF ALBERTA DEPARTMENT OF PUBLIC WORKS DESIGN and CONSTRUCTION DIVISION REQUIRES: CONSTRUCTION INSPECTOR For inspection of Government projects and services located In the Lethbridge Area. Qualifications Alhfrla Certificate of Quolifjcoijon as a Journeyman Carpenter and at Ices) 6 to 8 years of responsible supervisory experience in the construct on industry. Completion of o Construction Technology course or equivalent Newsprin takes SAN FRANCISCO (APi A major paper manufacturer has raised the price of newsprint by a ton. The Crown Xellcrbadi Corp, says the increase, which will hike the price-por-lon of standard 32-pound nowsprin in the western regional market to from will take effect New Year's price v leap Lust July the company announced Uie 5.i-per-cent increase would start in but later deferred the effective date during phase one of the wage-price freeze. A company rnnonncement said the price commission approved the incrcast because of "higher newsprint manufacturing prices EDMONTON (CP) Average prices to 11 a.m. provided by the Alberta Hog Producers Marketing Board: Edmonton: 24.50; average Wednesday, 21.30. Red Deer: average Wednesday, 2-1.31. Calgary: 24.45; average Wednesday, 24.36. Lethbridgc: No sales; average Wednesday, 24.81. Lloydminster: No sales; average Wednesday, 23.75. Grande Prairie: No sales; Wednesday, 23.75. Total hogs sold Wednesday, average, 24.36; sows average, fire LLOYDMINSTER, S a s k. (CP) Fire Wednesday caused damage estimated at ?750 -000 in destroying two trucks, a shed, office, and electrical equipment. The property was owned by Haliburton Oil of Lloydminsier who made the damage, estimate, mate. Firemen fought the flames for two hours but no one was body identified SKDGEW1CK (CPi From your Franchisee! New Car Dealer Boiler Service Facililiei Morn Flexible leasing Regular Warranty Plans Inspections Your lease can Starting woge per month with increase on 1 January, 1972. Conditions of Employment 'A stems 1003 4lli Avenue S., Icllibridgo Tclcphono 328-4426 >Y) rofcssinct Number DPW Closing Dato 12 January, 1972 For application forms, apply toj Pennnnel Office Department of Public World Govcrnmcnl of Alberta Room 550 Torracs Building Edmonton, futures WINNIPEG (CP) Live futures nt close Thursday: Jan. 34 .GOB; March 34.10; May 33.50H. Wednesday's volume: 44 Myciuk, 37, of Sedgrwick has been identified as the woman found trozen to death Monday near her home. 90 miles northeast of Red Deer. The woman's body was found ynrd.s from her home. A coroner ruled that her death was dne lo exposure and no inquest was insurance INQUIRE NOW INTO THE ADVANTAGES OF LEASING OVER BUYING Contact BORIS KORESHENKOV Beny Automotive Enterprises Ltd. 2 Avenuo and 8th Street S. Phone 327-3147 ;