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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 1, 1972, Lethbridge, Alberta Gold stocks up at mid-session Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Dohcrty, Mediate Limited) LAST BID OH SALE a.m. Quotes! a.m. Quotes) a.m. Quotes) WESTERN OILS TORONTO (CP) Golf] is. sues on Uie Toronto stock mar- ket moved higher while prices in all other major sectors dropped in moderate mid-morn- ing trading today. The industrial index was down .17 to 197.08, base metals .09 to 85.99 and western oils .Oil lo 220.07. 'Golds were up to 375.95. Volume by 11 a.m. was shares compared with at the same time Monday. However, advances held a slim lead over declines, 135 to 322. with 209 issues unchanged, j Beverage, industrial mining. steel, pipeline, chemical and paper and forest issues moved lower. Banking, merchandising, communications, o i 1 refining and general manufacturing is- sues edged fractionally higher. Petrofina dropped to Dofasco ty to Inco to Tara 'a to United Canso 35 cents to and Sherrilt to Molson A was down ?-'x !o J22U. Hudson Bay Mining to Bell 'e to and Trans- Canada Pipelines to Canadian Vickers was up ni to Oshawa A to SioVj, Imperial Oil to Ranger exchanges at 11 a.m. shares compared was with to Zellers to S16Ta and Western Broadcasting Rk to Noon Stocks at the same time Mon- day. Gains on the Montreal Stock Exchange included Velcro In- dustries up to S19, Rapid Data Systems and Equipment Vz to on shares, Cana- dian Cablesystems to and Steel Co. of Canada -IB to Among declines, Dofasco was down to Canada Ce- ment Lafarge to National Sea Products to and Inter- national Nickel Vi to On the Canadian Slock Ex- change, Goldex Mines rose 13 cents on shares. ACTIVE TRADE NEW YORK (AP) Blue- chip stock prices dropped today in active trade. The noon Dow Jones average of 30 industrial stocks was off 1.88 to 900.29. Advances held a small lead over declines on the New York Stock Exchange. i Analysts said the market was still being consolidated after its sharp advance between the end i of November and the middle of j January. Alminex Alfa East Gas Asamera Ashland BP Oil Gas Can South Ccln Ex Gas Cdn Homestd Cdn Home Pfd Cdn Ind Gas Oil Cdn Long Is Cdn Super Charter Chicftan Dome Pete Gf Plains G! Cdn Oil Lnchiel North Cdn Oil Nomac Pan Cdn Pete Pan Ocean Petrol Pinnacle Place Gas Pcrtder Ranger Scurry Rain Spooner Sclbens Hud Bay Oil Pfd 53.25 6.01 Hugh Russell 27.75 6.is Husky Oil 17.IS 20.00 Husky Oil B 42.00 13.75 Husky Oil War 5.75 inter Prov Pip fi.in Inter Prov Stdtl 2 flV's 3.65 Kaiser Re. MGF Manage 17-0 Pacific Pelc- 9.fl7li Rain.or A '2V; Teledyne -in.75 west Cdn i PO s.'O While Yukon 12 tvh CALGARY Acroll .61 Barons Oil OSVj S.6D Madison .15 1.67 north Ctmt .O3'i West Warner .51 14.00 1 IP 50 Ulster West Deca'ta Wast Pete MISCELLANEOUS INDUSTRIES AquaMine Brines 5 75 Cdn Breweries A 31.00 Cdn Breweries B 3fi m Cdn Pacific I Crowsnes! Cygnus A Fplccn Gensta Horns PIPELINE STOCKS Alia Gs Tr A 53.50 Alta Gs Tr Pf 79.00 Alta Nat Gas 22.00 Inland Nat Gas North-Cent Gas 14.50 North-Cent B Pf Pacific Gas Tr 1 Gsz Metro Gaz Metro Pf A Trnns-Cda Pipe Trans-Cda Pf B Trans-Cda Pf A Trans-Cda War West coast Trans West coast War MUTUAL FUNDS All Cda Com AM Ccln Div All Cdn Vent 13.75 73.00 12.62V Invest Mut Mut Accm Mut Grow Fd Not Res NW Finance NW Growth Princi Growth Royfund Temple Grew Uni Savintjs VANCOUVER MINES Anuk Arllc Mining AHas Explor Bathurst Norse Brenda Churchill Cop Croyden Dankoe Dolly Varden Dynasty Fl Reliance Giant Mascot Granislfi Kamloops Copper Lornex Lytton Minerals 5.78 i.3 5.74 6.3 5.72 6.1 7.15 7.L 5.! 6.00 4.5B 5.00 i.15 6.4 6.01 6.5' 7.92 6.70 Valley Copper West coast Res. INDUSTRIALS 1.27 .31 B.75 Copper Hud Bay C? Hud Bay Block Epos. B.C. Sugar B.C. Sugar Pf a.58 Capt. Inter 9.58 10.47 Crest Forest In 3.83 4.19 Grower's B Amer Grow Fd 6.59 7.2d Key Industries AGF Special 3.32 Hys T Cdn Invesf Fd 5.06 5.54 Inter Brew Collect Mut 6.58 7.2! Inter Mariner Cmnwlfh Inl 14.00 15.38 Okana Helicon U.OC Cmnwlth Lev 3.65 Pacific West Air 15 CU Corp Invest 6.52 Stamp Res Ccrp In Stk Fd 5.11 5.59 OILS 32.75 Drey Fd U.S. 12.6B 13.90 Albany Oils Grp In Share 3.84 4.22 Plains Pete Grow Equity 7.08 7.78 West Explor i.UVi 4.10 3.65 Tueiday, February 1, THE IETHBRIDGE HERALD about 75 per cent oi retail ENDS CAREER Robert M. Fowler has retired as president of (he Canadian Pulp after 27 years of distinguished service ivith the company. Diitario first trade mission to visit Peking Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE a.m. Quotes) MINES Advocate Asb. Akaifcho Bralorne Broulan Brunswick Canada Tung. Cassiar Central Pal. Illinois Central Industries rose to The stock opened i late in trading trading MONTREAL j Monday. The ICC ordered a irere mixed in light trading on postponement of merger of j the M o n t r e a 1 stock market Illinois Central and Gulf, Mobile today. and Ohio Railroads, scheduled On index, industrials rose i to take effect todav. 1.85 232 2.54 1.54 19.371 1.95 1.19 E.50 i.eo Mines to 200.94, banks .58 to 2G9.46 and the composite .31 to 201.12. Utili- At noon the Associated Press j 60-stock average was off .2 lo j Hog prices EDMONTON (CP) Aver- ties declined .11 to 163.90 and 330.0. papers were down .16 to 88.11. i Noon prices also included) Combined volume on the General Food, off '2 at SSOVi Montreal and Canadian stock Sony, up 'j at American Standard, up 7is at Tex aco. off at and Pfizer up at Up 14 were Hudson Bay Mia ing. at S2l'.i. and Mclntyre Por- cupine, at S8-4. Walker-Gooder- tiona] Nickel was down !s at On the American Stock Ex- change, Canadian Javelin lost ]i at Scurry Rainbow Oil was up -Is at SITU. Marketing Board: Edmonton: 23.00, average Monday 28.89. Red Deer: 29.15, average Monday 28.9G. Calgary: 29.15, average Monday 29.07. Lethbridge: No sales, aver- age Monday 29.23. Lloydminster: No sales, av- erage Monday 28.73. Grande Prairie: No sales, av- erage Monday 28.33. Total hogs sold 874. sales Monday average 23.93. price 19.65. The eggs missed BOLTON, England fHeuter) Five eggs were tlirown at Employment Minister Robert department last week announced that British un- employment had passed the one-million lie ap- SMALL AREA peared here to open a new Britain has about 0.13 per j unemployment office. The eggs cent of the world's land area. missed. The Lethbridge Community College Invites applications for the following sessional position: 1 General, Short Order Cook or Baker QUALIFICATIONS: Journeyman or equivalent SALARY: Commensurate with qualifications and experience Possibility of o permanent position will be exp'ored The applicants should contact the Director of Personnel, Lethbridge Community College at 327-2141, Ext. 216 DeniEon Mines Deer Horn D'EIcJona Dome Mines Dona Ida Discovery Mines East Malar-tic East Sullivan Falconbrirjge Frofcex First Maritimes Giant Y.K. Bovis Granduc Headway R.L. Holllnger Hudson Bay M-S Hydra Ex. Iron Bay Jolief Quebec Kerr Addison Key Anacon Labrador Lake Shore Langis silver Madsen R.L. Wialarlic G.F. Martin McNcely Maclntyre Meta Midrim fntern Mogul New West He.. New Athona New Calumet W. Horse Copper Norlhgate Noranda Worfhgete a.m. Ouotesi Norlex Pine Point Placer Dev. P-C. Exp. Ouefcec Man Rayrock Radiore Rio Algom Roman Corp. Shcrrltf Gordon Silver Miller Steep Rock Tck Corp. Texmont .5d Upper Canada 1.91 Western Mines 3.15 Wright Hargreavcs ).IO 95 Windfall to Yellowknife Bear Zenrrac .05 INDUSTRIALS Dome Pete Dofasco CAB Ford of Amer Gl Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound UT2V4 Hawker Sid .05V'2 Huron, Erie Hiram Walk Imperial Oil 27.25 25.03 3.05 16.50 7.35 5.30 .04 Steel Abilibi AJcan Algoma Aico Allan Sugar Agra Ind Bell Tel Brazil T.-ac B.C. Tel .71 1.45 3.25 83.50 .33 61 6.30 1.E5 -1.90 7.5D B.C. Forest 21.00 .20 .21 8.35 .20 39.00 2.60 .16 .21 2.25 6.15 35.50 6.15 B.C. Sugar Bow Valley CAE ma Cdn Brew Chemcell Col Cellulose Cel Power Coron Credit C.W.N. Gas Cdn Indust Canda S 5 Cdn Marconi Cdn Vickers Chrysler CPR Corninco Cons Bath Cons Gas Cdn W.N. Gas Dist Spa Dom Bridge Domter Dom Texfilc Dom Stores 8.00 19.50 14.00 11.50 7.00 10 20.25 64.25 UCO 25.35 20.00 30.00 6.50 8.00 5.25 2.90 28.00 1.15 In) Nickel Inf Pipe Gp A Util'Ces Indust Accept Laurentide Kelly Doug A Loblaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Me I sons A Atolsons B North, Cent Power Corp Price Co Rothmans St Law Corp Shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Trsders Gp A Trcns Mtn Pp Trans Can Pp Union Gas Union Oil 40.00 3.00 12.25 31.75 14.75 23.75 8.75 19.75 VersafiN Wesieel Union Car West on 's B A Wesf Cdn Sd Zcnilll Elcc BANKS Csn Imperial Montreal Nova Stotla Royal 32.50 25.75 17.37V 73.00 5.40 81.00 17.50 2B.87V 17.37V; 2.95 29.75 J6.50 33.62V! 32.CO 32.25 13.25 6.00 3.60 17.50 14.37V2 27.75 22.50 21.50 7.25 18.50 21.00 37.25 23.50 32.00 2E.25 19.00 i 45. CO 13.00 2J.OO 39.50 14.50 47.00 5.00 15.75 16.25 18.00 4.80 2.90 TORONTO (CP) North Wage., price conti for lack of U.S. By BUD JORGEXSKN Canadian Press Staff Writer Some economists say the effectiveness of wage and price controls in the United States is declining, and argue that this indicates Canada should not adopt a similar program. The initial price freeze in the U.S. gave the goeyrnment time to adopt new policies, and if the inflation rate goes down it likely will be the result of the policies and not the controls. President Nixon instituted a j wage, price and rent freeze in j August and (his was followed M days later by a set of controls, i The impact of the Freeze spilled over into Canada and it also generated a debate ovc r whether a similar policy should be followed here. One example of the direct effect in Canada j was the fact that North Amen-! can car manufacturers hold i OTTA'VA (TP) prices down in Canada during A U IuJl1 the period of the freeze in the rn1 U.S. Price increases followed ui' Canada when the control agency creases. 15.0-per-cont wage ceiling might fktirjn (his year in Canada are become a floor insteml with that it will be: slightlv greater wage mcrcuKs averaging C.5 j than during 1971. But during per cent or more during 1972. j Canada had the least Earlier this month, Urn Nixon anrjunt price inflation among coun- administration relaxed its price j th- M loading industrial1 controls by exempting jibout 4U per cent of rental housing and of the world. Prices in Canada were af- i feclcd direc-Uy and indirectly by slcres. However, the U.S.'pricr stores exempted account for had to compete only about if. per cunt of dollar: imports. Similarly, volume of sales. pricc increases in the U.S. will Most projections on price in- have an impact in Canada, mi it1 U.S. price allowed in- America's first trade mission to Peking will be from Ontario in March, Allan Grossman, On- tario provincial trade and devel- o p m e n t minister, announced today. "This will be an order-book said Air. Grossman indicating he expects to sel goods to the Chinese. Mr. Grossman, who will leac the delegation of 10 business men to China March 11, told a news conference he expects the visit to last a week or 10 days. The Chinese have indicated an The First National Bank of interest in commercial aircraft, fine chemicals, steel-processing equipment, electronic devices and specialized welding equip- ment among other products, he said. 14.87Vi Tor-Dom 29.75 22.12V 36.25 22.62! 33.75 Neio York stocks (Supplied By Richardson Secnrhies of Canada) mer T and T or.da Beth Steel Chrysler Comsat Dupont 3 en Motors Guif nt Harvester Kenn Capper Montgom Ward 44.Wi Sears std OH of N.J. 31.75 Texas Gulf 31.62V3 Texas Co 61.75 WiX Corp tf 50 15350 Woolworth 4237' flo.75 Westinghouse Elec 45.25 u-s- s'eet 32.25 TORONTO AVERAGES 20 Inds 197.64, up .39 99.50 20 Golds 177.03, Up 1 69 10 Base Mels 86.05, off ,0: 118.25 15 West Oil 22052, up 3' 33.50 Vciume 47.50 NEW YORK AVERAGES 30 Inds 900.29, off .88 20 Rails 256.54, off .52 15 Util 116.66, off .06 65 Stocks 316.44, off .58 Volume Livestock report The Lethbridge Community College invites applicants for Sessional Instructors in: BUSINESS MACHINES BUSINESS ENGLISH Duties lo commence February 7, 1972, lo April 23, 1972. The applicants should immediately contact the Director of Personnel, lethbriclgo Community College at 327- 2141, Ext. 216. Lethbridge Livestock Monday sales 850 hogs. All classes of weaner and feeder hogs met very good demand. Weaners sold strong to SI hign- er. Light feeders under 100 Ibs. 51 to ?2 per head higher. Heavy feeders over 100 Ibs. S2 or more higher. Weaners 5 to 12.50: light feeders tinder 100 Ibs. 13 to 22.75; heavy feeders 100 to 130 Ibs. 21.75 to 27: heavy feed- ers over 130 Ibs. 27 to .11. All prices per head. Light feeders under 1GO Ibs. sold from 22 tn 26 per cu-l. Heavy feeders over 100 Ibs. li) to 22 per Bred sows 44 to 56 per heart. 52 to 98 per head. Butcher hops sold Monday at the Ldhbrid.ae yards 31 to 29.35 base price. One hundred and twenty live i butcher hogs sold for export. price converted to 2.1.35 live- weight. Calgary livestock cents to 50 cents lower with choice kinds scarce; cows were uneven to 50 cents lower with sales to 24 and bulls were bare- ly steady. Choice slaughter steers M.50 to 35.20, good 33.75 lo 34.50, medium 32.50 to 33.50. Choice heifers 31.75 to 32, good 30.75 to 31.75, medium: 29.50 to 30.75. Good cows 22.50 to 23.70, me- dium 21.50 to 22.50, canners and cutlers 19 to 21.50. Good bulls 25.50 to 27.40. Replacement cattle were moslly heavy, short-keep steers weighing more than 850 pounds and selliing steady. No stock claves offered. Good feeder steers more than 750 pounds .14 to 35. Good feed- er heifers 32 to 32.50. Good stock and feeder cows 20 to Hogs base price 29.15. Grain prices Winnipeg Grain WINNIPEG (CP) Flax prices levelled off at about two to tliree cents below previous close levels while rapeseed fluctuated narrowly at mid-ses- sion on the Winnipeg Grain Ex- change today. The downward pressure in flax was the result of an over- night announcement by the U.S. Commodity Credit Corp, that it will resume selling lin- seed oil, produced from flax- seed. Rapeseed prices ranged from two cents lower to higher in light trading. Feed grain prices were unchanged and rye was fractionally lower. Volume of trade Monday con- sisted of bushels of flax, of rye, of Van- couver rapeseed and of Thunder Bay rapeseed. Mid-session prices: Flax: May 2% lower July ZVt lower 2.56-148; Oct. ower 2.60V4A. Rapeseed Vancouver: March higher 2.52B; June lower 2.45ii; Sep. lower 2.4414A. Rapeseed Thunder Bay: May lower July un- hanged 2.37A; Oct. unchanged .37JiA. Oats: May unchanged 68B; uly and Oct. not open. Barley: May unchanged .08si; July not open; Oct. un- changed 1.09B. Rye: May lower 1.02UA; uly 3i lower Oct. un- hanged 1.01B. High Low Close Flax lay 2S3'i 261 262'i Jlv 261'i 258 259 Oct 26-1 262 262li liapcseed Vancouver Jan 261 261 Mar 253! i 25014 25Hi Jun 248ss 246'i 247 St-p 247 245 247 Kapeseod Thiimier Bay Chicago, in its economic review of 1971 and forecast for 1972, said inflation is expected to be less of a problem in the U.S.! during 1972 than it was prior to August. "The controls may be some help in the next six to nine months but most of their i.-.is Ijc.-im.-. prctiuced by Glulam IT .Lii'is Frascr Mills. under a laminating system heat to speed up the produced by a British banding process. T h e department's forestry cffiL'ial said a test has brni advised to determine whether luain slrength is dete- riuraliiig and the location of every beam made by Glulam curing the period lias been de- t e r m i n e d from company Columbia company over a four- year period, the environment department announced today. Evidence has boen found 1372, i joints deteriorating in ccr to be I Shareholders uiuiiuii DUI mosi 01 tncir useiui- pn ness has probably already been i FC Ol 161' expended. It mil be the recov- i J cry itself which will hold prices down in 1972." COST RISES OFFSET A period of recovery is ex-: peeled ttis year and during! such times there usually are ab-, normally large productivity i gains to offset increases labor and material costs. if or Codville WINNIPEG (CP) holders of Codvillc Distriiiutors Ltd. of Winnipeg have voted to j reject an offer from Wcst'air "For the longer term, infla- tion will be determined by the chase of thcir relalionship between producti capacity and the level and rate of growth of total demand in Uie economy. As the economy moves back toward full employ, ment. inflation will probably once again become a problem." The Conference Board, a New York-based economic research organization, says the controls have given Uie U.S. "a brea- thing spell" which suppressed pressures but did not remove or relieve them. A summary of Conference Board economists' projections says controls "erode over time." One said he expected 1 pany. a n y president Bruce said in an inicrvinv the rejection appears to indi- cate most shareholders will nc- cept another offer to acquire Codville made by the Osliaws Group Ltd. of Toronto. Codville distributors sunnlics 93 IGA markets. 257 More storc.3, seven warehouse markets, five and carry warehouses as well as unaffiliated retailers from three distribution centres in Winnipeg, Saskatoon and Ke- gina. normal method of produc- laminated beams is to leave the :ud under Irgh pressure for ir.cjiy liaurs to complete the slrp. From 1967 to De- cemhor. 1970. Glulam intro- i (iiicod into the pressing process and reduced the num- IJIT nf pressing. Dr. K. Footer, director of th western forest laboraloiy in Vancou- ver, s.i.'d in the release that lamiiintcil wood beams have m-de and U--ed success- in Canada for many years, lie any company or comm-jniiy unsure of the origin ir-cd in a building get in toucii with provin- cial authorities or the forest prnducls laboratory in Vancou- ver. Alberta Gas earnings up CALGARY (CP) Alberta Natural Gas Co. Ltd earned or a share dur- ing 1971 compared with 000 or S1.44 a year earlier. In 1970, the company also had an extraordinary gain of or 27 cents a share on foreign exchange. The com pany's operating revenue rose to SH.170.CBO from but operating and other expenses increased along with construction allow- ances. Alberta Natural operates a pipeline in southeast British Co- lumbia and a natural gas ex-1 traction plant near Cochrane Alta. i damage :i fire CALGARY (CP) A fire or ncd orient caused damage to the Maison -cni beauty salon in the- area. fire dcparlment said io the building was MO.OM v.-iih ?20.000 fire, and water damage to s of the shop and near- CHIROPRACTORS NEXT CALGARY (CP) Receipts Win- on the Calgary livestock mar- bter Waller bm'shck lla ket to 11 a.m., about 1550 head; mostly slaughter steers and heifers. Trade was moderate. Sl.u.friit. steers were 75 I cents lower; heifers were 2o an- nounced that negotiations will soon begin with the Chiroprac- tor's Association of Saskaich- cxvan a view to insuring chiropractic services in the province. .May Jly" Oft Onts May _ Jly Oct Barley May _ Jly Oct live May Jly Oct 238 238 237 5371 MCGREGOR LORD co. CHARTERED ACCOUNTANTS Wish to announce the admission to partncrsJiip of ROBERT JACOBSQN, B.Comm., C.A. Tlis firm will continue lo practice under the name of MCGREGOR LORD co. 434 7lh P.O. BOX 940 STREET lETHERiDGE TEtEPHOK't By Gene Fawcelle fORTHECAR A SYSTEM THAT BRINES BACK ENGINE THROUGH ON YOUR EXTENDING THE SPARK AUTOAWTIC4LLY DURING STARTING OR loan lojii ANOTHER GIANT MAILER BINGO KCINOVISION MONDAY, FEB. 14th CJOC-TV 6 p.m. _____________SPONSORED BY KNIGHTS OF COLUMBUS COUNCIL 1490 ,108'i 102'i 101 First For duties at a natural gas processing plant at Kaybob South, located approximately 30 miles southwest of Fox Creek, Alberta. Appliccnls must possess a valid First Class Sleam Engineer's Certificcle. Preference will be given lo candidates who possess a background in sulphur recovery. ThB successful candidate will assume duties of operations assistant reporting to the process foreman. Company provided accommodation. Moving assistance. Full employee benefits. Transportation provided to the plant. Please submit writien application, giving full details of age, education and experience along with your telephone number to: Manager, Employe? Relations Chevron Stanc'ard Limited 400 Fifth Avenue ?.W. Calgary 1, Alfco: a IN PRIZES THREE BLACKOUT BINGO GAMES You have received your envelope for this Southern Alberta's SECOND GIANT MAILER BINGO. Please read the rules and instructions carefully and be sure to mail your cheque or money order in as soon as possible to: KCINOVISIOrv P.O. BOX 1490 IETHBRIDGE, ALBERTA (Must be postmarked no later than 6 p.m., Feb. 14th PLAY EMCiT'NG In Hie comfort of your own Help support tho many worthwhile community projecls and charitable work that The Knights of Columbus provides. If you require cxlra cards or wero missed please reply to: P.O. BOX K90, IITH3RIDGE ;